401 55 Avenue Sw, Calgary, Alberta

About 401 55 Avenue Sw

CALLING ALL INVESTORS | Corner R-C2 Lot | 3 SELF CONTAINING SUITE PROPERTY (ILLEGAL) | 5 Bed - 3 Bath | DOUBLE GARAGE | 2200+ SQ FT of living space | SOUTH BACKYARD | 60x100ft This home is the perfect rental investment property AND future development property.   Located on a quiet, central street in the sought-after community of Windsor Park is this two story renovated home. This property has THREE SUITES (illegal). The home features a detached double car garage. The upgraded floor plan gives the home a grand feeling. Various built-in features all over the home. Newer roof shingles, furnace, hot water tank, and electrical panel. Stucco exterior. All bathrooms have gone through a renovation in this home. Trendy finishes with all the bells & whistles. This home was designed & upgraded to perfection!   The spacious main floor features hardwood flooring in the main areas. The kitchen includes newer countertops, newer cabinets, and new flooring. To complete the main floor, there’s a full bath room (completely renovated), 2 bedrooms, a foyer, and a large living room.   Upstairs you’ll find a self contained suite (illegal) with updated vinyl flooring. This floor has its own dedicated kitchen, dining room, living room, full bathroom, storage area, and bedroom. The unit also has its own washer/dryer. The entrance for this unit is separated from the other units.   The finished, illegal suited basement features a kitchen, 2 spacious bedrooms, a full bathroom, a utility room, a separate entrance, and its own set of laundry machines (shared by the main floor). The basement, main and upper floor are currently rented out. This property is a CASH COW. Cash flow is not an issue when you have 3 suites (illegal) in 1 home! Excellent investment rental property. There are so many options for the potential buyers. The owners are collecting $4300 a month for rent! This lot serves many purposes. It’s an R-C2 CORNER lot (60x100). 6000 SQ FT of great property! You could, city permitted, tear the home down in the future and build 4 row homes, build two detached homes, or build a duplex.   Step outside and you’re greeted with an enormous deck. SOUTH BACKYARD keeps the tenants happy with the abundance of sunshine. The detached double garage is rented out separately to maximize cash flow. Windsor Park is a well-established community. It has many schools & amenities in the district. Breathtaking home priced aggressively. Book a showing with your favorite Realtor today! CHECK THE VIRTUAL TOUR.

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