7408 21 Street SE

About this property

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! (id:65883)

Property summary

Property type

Single Family

Building type

House

Neighbourhood

Ogden

Postal code

T2C0V3

Year built

1956

Living area

1,155 sq ft

Lot size

557 square meters

Ownership / common interest

Freehold

Bedrooms & bathrooms

Bedrooms

6

Above grade

3

Below grade

3

Bathrooms

2

Partial bathrooms

0

Heating & cooling

Heating

Forced air

Cooling

None

Building & parking

Stories

1

Basement

Finished, Full, Separate entrance, Suite

Foundation

Poured Concrete

Roof

Construction

Wood frame

Parking

Detached Garage, Other, RV, See Remarks

Parking spaces

4

Appliances & services

Appliances

Washer, Dishwasher, Dryer

Zoning description

R-C2

Location