Property Information:

EXCELLENT REVENUE PROPERTY generating a total of $3,550 per month in rental income, with tenants paying all utilities. This LEGALLY SUITED bungalow in the highly sought-after lake community of Sundance offers an attractive opportunity for investors looking for immediate income from two independent living spaces.The main level offers over 1,000 sq. ft. with three bedrooms, a spacious living room, dedicated dining area, functional kitchen, full bathroom, and its own laundry. Downstairs is a LEGAL two-bedroom basement suite with its own kitchen, full bathroom, laundry, family room with wood-burning fireplace, storage, and separate entrance.With five bedrooms between the two living spaces, this property offers a strong rental configuration with a combined $3,550 PER MONTH in current rental income, while tenants pay all utilities. That means the property is already set up to produce revenue without an owner having to take on the utility costs.Adding even more value is the oversized HEATED DOUBLE DETACHED GARAGE, providing secure parking, storage, or potential additional rental value. Outside is a private south-facing backyard with a fire pit and plenty of room to enjoy the warmer months.Located in one of Calgary's established lake communities, residents enjoy access to Sundance Lake along with nearby schools, parks, playgrounds, pathways, shopping, transit and Fish Creek Park.LEGAL SUITE. $3,550/MONTH IN RENTAL INCOME. TENANTS PAY UTILITIES. FIVE BEDROOMS. TWO INDEPENDENT LIVING SPACES. HEATED DOUBLE GARAGE. LAKE COMMUNITY. Whether you're adding to an investment portfolio or looking for a property with strong existing revenue, 121 Sunbank Way SE delivers an increasingly difficult combination to find in Calgary.

Inclusions: N/A

Building Features:

Total Finished Area: 1048.24

Property Features:

Bedrooms: 3+2
Bathrooms: 2+0
Architectural Style: Bungalow
Built in: 1982
Construction Materials: Vinyl Siding, Wood Frame
Cooling: None
Exterior Features: Fire Pit, Private Entrance, Private Yard
Fireplace Features: Basement, Wood Burning
Floor Space (approx): 1048.24 Square Feet
Flooring: Carpet, Hardwood, Laminate
Foundation Details: Poured Concrete
Heating: Fireplace(s), Forced Air, Natural Gas
Interior Features: Laminate Counters, Pantry, Recessed Lighting, Separate Entrance, Storage
Levels: One
Lot Size: 3745.00 Square Feet
Parking Features: Alley Access, Double Garage Detached, Garage Door Opener, Garage Faces Rear, Heated Garage, Insulated
Roof: Asphalt Shingle
Zoning: R-C2
No. of Parking Spaces: 2

Courtesy of: REMAX Innovations

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 121 Sunbank Way SE, Calgary, AB, T2X 2A5

Life Stage

Middle-Aged with Teens

Employment Type

Service Sector/White Collar

Average Household Income

$111,249.74

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.31 %

High school certificate or equivalent

36.07 %

Apprenticeship trade certificate/diploma

13.02 %

College/non-university certificate

20.3 %

University certificate (below bachelor)

0.06 %

University Degree

16.23 %

Commuter

Travel To Work

By Car

83.05 %

By Public Transit

6.13 %

By Walking

8.27 %

By Bicycle

0.0 %

By Other Methods

2.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.39 %

Houses

89.61 %

121 Sunbank Way SE, Calgary, AB, T2X 2A5