7408 21 Street SE
Calgary, Alberta
MLS® A2357727
$615,000
- Status
- Active
- Property type
- House
- MLS® number
- A2357727
- Bedrooms
- 6
- Bathrooms
- 2
- Year built
- 1956
1 / 47Listing description
Here it is—the PERFECT investment opportunity! Situated on a quiet street in the established community of Ogden, this spacious 1,150+ sq. ft.
raised bungalow sits on a generous 50’ x 120’ lot and features a renovated 3-bedroom illegal basement suite (Seller is in the process of getting the basement suite legalized) and a double garage with existing tenants who would love to stay! The bright and spacious main level has been freshly painted and offers a large living room with an oversized window allowing plenty of natural light, a functional kitchen with eating area, three good-sized bedrooms and a full bathroom that has been updated. The illegal basement suite was renovated in 2021 and is a fantastic rental opportunity!
With its own separate entrance and large windows throughout, the lower level feels bright and welcoming. It features a modern white kitchen, spacious living room, updated bathroom and a rare THREE bedrooms! A shared common laundry and storage area provides additional convenience for both units.
Outside, the large backyard offers plenty of space along with an oversized double garage (approximately 23’ x 24’) and additional parking. The income potential is fantastic! The basement suite is currently rented for $1800 per month (includes utilities), the main level was previously rented for $2050 per month (utilities included), and the garage has an existing tenant paying $275 per month.
With multiple rental income streams already established, this property offers an excellent opportunity for investors looking to add to their portfolio. Whether you’re looking for a revenue property, an opportunity to live upstairs while generating rental income below, or a long-term investment with future redevelopment potential, this property offers plenty of options. With the planned Green Line LRT bringing future transit improvements to the area, Ogden continues to offer exciting long-term potential.
A rare opportunity to own a 3-bedroom suited property on a large lot with multiple income streams and excellent future potential!
Property summary
- MLS® number
- A2357727
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,155 sq ft
- Title
- Freehold
- Land size
- 557 square meters
- Built in
- 1956
- Annual property taxes
- $3,684.00
- Parking
- 4 spaces · Detached Garage, Other, RV, See Remarks
- Days on market
- 0 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Hardwood, Laminate, Carpeted, Other
- Appliances
- Washer, Dishwasher, Dryer
- Exterior features
- Stucco, Wood siding
- Lot features
- Back lane
- Architectural style
- Bungalow
What would this home cost you?
Based on the $615,000 asking price at a 5.00% example rate, semi-annual compounding.
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.