For Sale: 2232 42 Street SE, Calgary, AB - REW
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$540,000
3 bd • 2 ba • 951 sf • House
2232 42 Street SE
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$540,000
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2232 Se 42nd StreetCalgary, AB, T2B 1G5

Forest Heights
  • 3 Bed
  • 2 Bath
  • 951 Sqft
  • House

About this home

REGISTERED LEGAL BASEMENT SUITE | $3,000 MONTHLY RENTAL INCOME | DOUBLE DETACHED GARAGE. Located in Forest Lawn, an established community experiencing significant redevelopment, this income-producing property offers an excellent opportunity to collect rental income while holding a substantial parcel of land for the future. Built in 1910, this character home features two self-contained living spaces, both currently rented, generating a combined $3,000 per month, including utilities. Both tenants are on month-to-month tenancies, great tenants that take excellent care of the property, and would prefer to remain. MAJOR STRUCTURAL AND MECHANICAL IMPROVEMENTS: The foundation and basement were reinforced and rebuilt with a new concrete basement by a previous owner in the 1960s. During the current owner's 10 years of ownership, significant upgrades have been completed, including a new roof, new basement windows, new furnace, new hot water tank, and new appliances, all within approximately the past five years. The BRIGHT MAIN/UPPER RESIDENCE offers large windows providing abundant natural light, a spacious main-floor bedroom, a second bedroom in the upper loft with lower ceiling height, one full bathroom, a generous living area, and a fully equipped kitchen. The CITY OF CALGARY REGISTERED LEGAL BASEMENT SUITE features a separate private entrance, one bedroom, one full bathroom, a bright living area with large legal windows, a fully equipped kitchen with stove, range hood, refrigerator and dishwasher, plus its own full-size washer and dryer. The property also offers a WEST-FACING BACKYARD, double detached garage with wall-mounted wooden workbenches, and two exterior storage sheds, providing additional storage for both households. EXCELLENT LOCATION AND ACCESSIBILITY: Convenient access to 17 Avenue SE (International Avenue), shopping, grocery stores, restaurants, schools, parks and essential services. Well connected to major transportation routes and public transit, including MAX Purple rapid bus service providing connections to downtown Calgary. REDEVELOPMENT AND LAND VALUE: New infill homes, duplexes, townhouses and multi-unit residential developments are transforming the surrounding blocks, including projects along 42 Street SE. The generous 6,103 sq. ft. lot presents an attractive long-term investment opportunity, with future redevelopment possibilities. TWO RENTAL UNITS. REGISTERED LEGAL SUITE. MAJOR UPGRADES. SUBSTANTIAL LOT. EXISTING RENTAL INCOME. An opportunity to add an established income-producing property to your investment portfolio while benefiting from the area's ongoing redevelopment. Minimum 24 hours' notice required for all showings. Utilities are around $500 winter and $300 summer.
Listed by: Merli Rojas, RE/MAX House of Real Estate

Home facts and features

Price details
List Price
$540,000
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Home facts
Bedrooms
3
Full Bathrooms
2
Parking Spaces
3
Property Type
House
Lot Size
6103 ft²
Frontage
15.24 sqft
Year Built
Built in 1910 (116 yrs old)
Style
Bungalow with Loft
Exterior Finish
Vinyl Siding, Wood Frame
Heating Type
Forced Air
Basement Details
Full
Features
Beamed Ceilings, Bookcases, Kitchen Island, Laminate Counters, Laundry Room, Lower Level, Main Level, Multiple Locations, No Smoking Home, Open Floorplan, Park, Playground, Primary Downstairs, Schools Nearby, See Remarks, Separate Entrance, Shopping Nearby, Storage
Appliances
Dishwasher, Range Hood, Refrigerator, Stove, Washer & Dryer
Community
Agent details
Primary Agent
Primary Broker
RE/MAX House of Real Estate
Listing details
Days on REW
1 Day
MLS® Number
A2354739
Source
Pillar 9
Board
Calgary Real Estate Board
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Property Insights

Valley View School
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  • In Catchment
Ian Bazalgette School
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Holy Cross Elementary Junior High School
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Almadina Language Charter Academy (Mountain View Campus)
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Erin Woods School
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West Dover School
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Niitsitapi Learning Centre
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St. Damien School
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Calgary Islamic School (Omar Bin Al-Khattab Campus)
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Marlborough School
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Merli Rojas
Phone:
403-200-9946
Cell:
403-200-9946
Office:
403-287-3880
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