Open House Sat May 10th from 2:30pm - 4:30pm. Income Potential Meets Prime Location – LEGAL Suite + OVERSIZED LOT + DOUBLE DETACHED GARAGE |
Investor alert or ideal for savvy homeowners! This legally suited 5-bedroom bungalow sits on an oversized deep lot with a WEST-facing backyard, offering exceptional value and flexibility. Live upstairs and rent the lower legal suite, or add a cash-flowing asset to your portfolio.
The main floor features 3 bedrooms, REFINSIHED original hardwood, NEW pot lights (2024), a freshly painted interior, and a beautifully RENOVATED kitchen complete with full appliance package: ceramic-top stove, bottom-freezer fridge, microwave hood fan, and dishwasher. Enjoy meals in the cozy breakfast nook or the separate large dining room. An UPDATED bathroom includes a new tub, surround, toilet and vinyl plank flooring. PRIVATE in-suite laundry and a charming front porch add to the appeal.
The LEGAL 2-bedroom basement suite is bright and spacious, featuring LARGE vinyl windows, a breakfast bar, excellent storage, durable vinyl plank and tile flooring, a full bathroom, PRIVATE laundry, and a SEPARATE entrance.
Outside, the massive FENCED yard is perfect for entertaining or tenants with pets, boasting mature trees, a lilac hedge, and a storage shed. The double detached 24' X 22' garage (built in 2014) is INSULATED, DRYWALLED, and has its own ELECTRICAL PANEL—ideal for a workshop or additional rental potential.
Major updates include:
• New hot water tank (2024)
• Electrical panel replaced and relocated to shared common area (2014)
• Attic insulation UPGRADED to R40. • Vinyl Windows • Vinyl Plank and refinished hardwood flooring • Addition of pot lights (2024) • Main floor kitchen and bathroom renovation.
LOCATION-wise, you’re half a block from a community hub: arena, aquatic & fitness center, disc golf, library, playground, and more. Quick access to downtown, the east industrial area, and the Ring Road. Steps to BRT bus routes on 17th Ave and the future Green Line C-Train. Walk to Elliston Park—host of GlobalFest fireworks and year-round outdoor enjoyment.
This is an incredible opportunity to own a move-in-ready home with strong income potential in a rapidly revitalizing area. Don’t miss out!
Address
1527 50 Street SE
List Price
$569,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary E
Sub-Area
Forest Lawn
Bedrooms
5
Bathrooms
2
Floor Area
1,049 Sq. Ft.
Lot Size
6253 Sq. Ft.
Year Built
1959
MLS® Number
A2217596
Listing Brokerage
Baxter & Associates Real Estate Services
Basement Area
Separate/Exterior Entry, Finished, Full, Suite
Postal Code
T2A 1S5
Zoning
R-CG
Site Influences
Treed, Lawn, Rectangular Lot, Front Yard, Level, Back Yard, Landscaped, Playground, Lake, Fishing, Park, Pool, Back Lane, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Open Houses
- May 10, 2:30 PM - 4:30 PM
- Come and see this fantastic investment property. Live up or down and rent out the other suite, or rent the entire home! The suite is Legal, three bedrooms up and 2 down AND a double detached garage!!