18 Collingwood Place Nw, Calgary

$749,900

7 Beds
3 Baths
1,196 Sqft
0 Acre
1 Garage

This low-maintenance bungalow is ideal for investors looking for a CONSISTENT LONG-TERM POSITIVE CASHFLOW with redevelopment potential. This home can be rented up to a young couple, family, professionals, and down to students attending nearby universities. It is also great for a successful Airbnb business. The NEWLY UPDATED HOUSE offers 2,237 sqft of living space and is located on a private lot in the desirable community of Collingwood. The shingles are replaced, and roof turbines have been installed. There are fresh interior renovations on the main floor such as windows, an UPDATED LARGE FUNCTIONAL KITCHEN, and a spacious living room that boasts a stone surrounding fireplace with a cantilever extension. The remainder of the main floor comprises of 3 bedrooms with built-in closets, a 4-piece bath, vinyl luxury flooring, pot-lights, and recently painted walls, doors, and ceiling. The FULLY DEVELOPED BASEMENT IS A LEGAL SUITE registered with the City of Calgary. The basement has an updated kitchen with individual pantry space, an outward exhausting hood fan, 4 bedrooms, and 2 separate 4-piece bathrooms. Of the 4 bedrooms, 2 have walk-in closets. All bedrooms are over 110 sqft which has carbon monoxide and fire detectors interconnected. There is a mechanical room that has 2 separate front loader laundries, storage space, a new high-efficiency furnace and hot water tank, and a sprinkler system for safety. This treed lot is fenced allowing for privacy and there is a large floating cedar deck that is newly painted. Yard work is minimized. This home also features a DETACHED OVERSIZED SINGLE GARAGE, 16ftx27ft, that is an additional income generator. LOCATION is prime as this home is situated on the only other street that has RC2 zoning in the Tri-wood area. This house is close to more than 10 schools, SAIT, University of Calgary, and University District. The Collingwood Tri-wood area has an incredible amount of green space with 28 parks, 7 tennis courts, 6 off-leash areas, 2 arenas, a golf course, a recreation center, and a splash park. There is easy access to the bike lane network. Major transportation routes, public transportation, an LRT station, 2 hospitals, and the new Cancer Centre are minutes away. The area includes more than 4 shopping centers and a public library. Lastly, downtown is near. Don’t miss out on this CASH COW OPPORTUNITY offering an approximately CAP RATE of 5.5. Currently, rooms in the basement are rented out to individuals with separate leases. Please note that the front and back yard lawn is photo shoped, seller will install front yard only or provide a credit.

Essential Information
MLS® #A1157945
Price$749,900
Bedrooms7
Bathrooms3.00
Full Baths3
Square Footage1,196
Acres0.00
Year Built1959
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address18 Collingwood Place Nw
SubdivisionCollingwood
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2L 0P9
Amenities
Parking Spaces3
ParkingSingle Garage Detached
# of Garages1
Interior
HeatingForced Air, Natural Gas
CoolingNone
FireplaceYes
# of Fireplaces1
FireplacesGas
Has BasementYes
BasementFinished, Full, Exterior Entry
Interior Features

No Animal Home, No Smoking Home, Recessed Lighting, Separate Entrance, Vinyl Windows

Appliances

Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer, Window Coverings, Washer/Dryer Stacked

Exterior
Exterior FeaturesNone
RoofAsphalt Shingle
ConstructionMetal Siding
FoundationPoured Concrete
Lot Description

Back Lane, Front Yard, Interior Lot, Rectangular Lot, Few Trees

Additional Information
Date ListedOctober 28th, 2021
Days on Market33
ZoningR-C2
Listing Details
OfficeCENTURY 21 BRAVO REALTY
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Listing information last updated on November 30th, 2021 at 11:45pm MST.