Active

FOREST LAWN

2021 38 Street Se, Calgary, AB

$579,000

Residential · MLS® A2304795
4Bedrooms
2Bathrooms
1,018.75Sq Ft
2Garage
1958Year Built
02 / Overview

PROPERTY OVERVIEW

HUGE Lot | Legal Suite | Income Potential | Endless Possibilities. Welcome to this upgraded bungalow situated on a massive lot, offering outstanding affordability, redevelopment potential, and excellent income-generating opportunities. The bright and inviting main level features brand new vinyl plank flooring (2024), large sun-filled windows, and a spacious living area that flows seamlessly into the eat-in kitchen perfect for everyday living. Three well-sized bedrooms and a full bathroom w/ jetted tub, complete the upper level. Downstairs, you’ll find a...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,018.75 sq ft
Lot Size6,296 sq ft
ZoningR-CG
HeatingForced Air • Natural Gas
CoolingCentral Air
Parking220 Volt Wiring • Double Garage Detached • Heated Garage • Oversized
ExteriorNone
BasementFull
Year Built1958
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$522After mortgage & expenses
Cap Rate5.5%Based on market rents
Cash on Cash Return5.4%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
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Investment Score62/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Lynne Redmond · Real Broker