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Renanza Realty
For sale

3911 1 Street NW

Calgary, Alberta

MLS® A2332916

$450,000

Status
Active
Property type
House
MLS® number
A2332916
Bedrooms
3
Bathrooms
2
Year built
1959

Listing description

Investment opportunities like this are becoming increasingly difficult to find. Offering immediate rental income, two self-contained living spaces, and the long-term advantages of owning a detached home in the established community of Highland Park, this property is an excellent addition to any real estate portfolio. Located in the desirable inner-city community of Highland Park, investors will appreciate the strong rental appeal created by convenient access to downtown Calgary, Centre Street, Edmonton Trail, Deerfoot Trail, public transit, parks, schools, shopping, restaurants, and nearby amenities.

The central location continues to attract tenants seeking affordable housing with excellent access throughout the city, making this a smart long-term investment. The property features two separate living spaces, providing excellent income potential and flexibility. The main floor offers a well-maintained two-bedroom, one-bathroom living space with its own private washer and dryer.

Thoughtful updates completed in approximately 2015 provide a move-in-ready living environment that continues to appeal to quality tenants. The lower level features a separate one-bedroom, one-bathroom illegal suite, also complete with its own private washer and dryer. One of the standout advantages of this property is that both are currently occupied under one-year lease agreements, providing immediate rental income from day one and reducing the uncertainty and costs associated with securing new tenants.

Outside, the detached single garage further enhances the property's desirability by providing secure parking, additional storage, or flexible space for tenant use. An increasingly valuable feature for rental properties in established inner-city neighbourhoods. Whether you are looking to expand your investment portfolio, enter the Calgary rental market, or secure a property with future redevelopment potential commonly associated with established inner-city communities, this property offers ou tstanding value.

Combining immediate cash flow, a detached home, two income-producing living spaces, a detached garage, and an exceptional Highland Park location, this is an investment opportunity well worth your consideration.

Property summary

MLS® number
A2332916
Property type
Single Family
Building type
House
Square footage
801 sq ft
Title
Freehold
Land size
279 square meters
Built in
1959
Annual property taxes
$3,238.00
Parking
1 space · Detached Garage
Days on market
46 days

Features & details

Heating
Forced air, Natural gas
Cooling
None
Basement
Finished, Full, Separate entrance, Suite
Flooring
Hardwood, Carpeted, Ceramic Tile
Appliances
Refrigerator, Stove, Hood Fan, Washer & Dryer
Exterior features
Vinyl siding
Lot features
See remarks, Other, Back lane
Architectural style
Bungalow

What would this home cost you?

Based on the $450,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$2,094 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Realty Professionals, CALGARY.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.