3918 50 Street

About this property

Turnkey investment opportunity with a legal basement suite built just 5 years ago, currently generating $2,650 per month in rental income, with tenants paying most utilities.The main floor offers 2 bedrooms, a good-sized living room, a cozy kitchen, and a 4-piece bath. The legal basement suite mirrors that layout with 2 bedrooms, a 4-piece bath, a full kitchen, and a separate living area. Each suite has its own in-suite laundry, and the suites are separately heated and ventilated, which keeps tenant comfort high and utility allocation simple.Additional features include a double car garage with additional off-street parking, plus a fully fenced shared yard.A solid addition for investors looking to build a portfolio, or for an owner-occupier who wants help carrying the mortgage. Newer legal suite construction means less capital risk than older conversions, and with stable rental income and low tenant utility exposure, the numbers are easy to underwrite. (id:65883)

Property summary

Property type

Single Family

Building type

House

Neighbourhood

Michener Hill

Postal code

t4n1w3

Year built

1953

Living area

897 sq ft

Lot size

6,250 sq ft

Ownership / common interest

Freehold

Bedrooms & bathrooms

Bedrooms

4

Above grade

2

Below grade

2

Bathrooms

1

Partial bathrooms

0

Heating & cooling

Heating

Baseboard heaters, Radiant heat, Forced air, Natural gas

Cooling

None

Building & parking

Stories

1

Basement

Finished, Full, Separate entrance, Suite

Foundation

Poured Concrete

Roof

Construction

Parking

Detached Garage, Parking Pad, Other

Parking spaces

5

Appliances & services

Appliances

Refrigerator, Range, Hood Fan, Window Coverings, Washer/Dryer Stack-Up

Zoning description

R-M

Location