206 23 Ave NE

CALLING ALL INVESTORS | Illegal Basement Suite | BUILD PLANS & PERMITS AVAILABLE | 50x119 RC-2 Lot | DETACHED GARAGE | 3 Bed - 2 Bath |Build on it or rent it out top & bottom separately with the illegal basement suite. This home is the perfect rental investment property AND future development property. This stunning bungalow on an expansive 50x119 lot is a rare investment opportunity that cannot be missed. The property has undergone numerous renovations, including installing a newer furnace, hot water tank, windows & doors, deck, and vinyl flooring. The potential for generating substantial income is unmatched, as the property can be leased as a whole or rented out separately from the basement unit.The living room is beautifully designed with vinyl floors that add to the overall elegance of the property. The main floor houses two bedrooms and an updated 4-piece bath. The elegant kitchen has seen updated countertops & cabinets and leads out to a private deck overlooking the vast backyard with a single garage and alley access.The illegal basement unit, which is finished and has a private entrance to a one-bedroom suite, opens to a spacious kitchen fitted with a gas stove and fridge. It also includes a 3-piece bathroom and shared laundry area. Currently, the home is being rented for $2200 plus utilities. There is room for improvement as rents have gone up near 30% since last year. The tenants would love to stay! There are plans available for a modern duplex build. Sleek lines really make these units stand out. This property is surrounded by NEW HOMES! The infills on this street truly uphold the value.This exceptional property is a promising source of revenue with excellent prospects for future development in a serene neighborhood conveniently located near the University of Calgary, SAIT, downtown, and an array of trendy restaurants and amenities. Take advantage of this unique opportunity to acquire a lucrative revenue property with exceptional earning poten tial. (id:22211)