Investor Special – 3 Rental Streams, Greenspace, and R-CG Zoning! Rare opportunity to own a 1,422 sqft bungalow—the lowest-priced home of this size in Calgary—backing onto a greenspace in the high-demand community of Penbrooke Meadows. This property delivers immediate and proven cash flow with 3 potential rental streams: a 3-bedroom main floor, a 3-bedroom illegal basement suite with separate entrance (previously rented for $1,800/month), and a converted garage with private entry (previously rented for $800/month). That’s up to 3 tenants and 3 rents—a true cash cow for investors. Need garage space? Easily convert the 7th bedroom back to a Single Attached Garage, or take advantage of the back alley access and build a Brand-New Double Detached Garage to increase future resale value. Already upgraded with City-approved copper wiring and electrical meter, LED lighting, newer windows, ceramic & luxury vinyl flooring, and a 4–5-year-old roof, this property is solid and low-maintenance. Even better, it sits on an R-CG zoned lot, opening the door to future redevelopment, legal suites, or increased density—ideal for long-term portfolio growth. Located close to schools, shopping, parks, and major commuter routes (17th Ave, Memorial, Stoney, and Deerfoot), it's perfectly positioned to attract reliable tenants year-round. Live in one unit and rent the rest, renovate and flip, or hold for steady appreciation and monthly income—this is an investor’s dream with built-in upside. (id:32467)

Ammenities Near By

• Ammenities Near By: Park, Playground, Schools, Shopping

Building

• Appliances: See remarks
• Architectural Style: Bungalow
• Basement Development: Finished
• Basement Features: Separate entrance, Walk-up, Suite
• Basement Type: Full (Finished)
• Construction Style: Detached
• Cooling Type: None
• Exterior Finish: Vinyl siding
• Fireplace: Yes
• Flooring Type: Laminate, Other, Tile
• Interior Size: 1422 sqft
• Building Type: House
• Stories: 1

Features

• Feature: Back lane

Land

• Land Size: 5198.97 sqft|4,051 - 7,250 sqft

Ownership

• Type: Freehold

Zoning

• Description: R-CG

Information entered by CIR Realty
Listing information last updated on: 2025-10-20 01:40:37