227 32 Av Ne, Calgary

$399,500

3 Beds
4 Baths
1,179 Sqft
.15 Acres
1 Garages

The present use of the building as a 4 suite rental is illegal and not in compliance with current City of Calgary codes. Based on a secondary suite inspection and report by a private consultant, the professional trades estimates for labour and materials required to legalize the suites total approximately $15,000. Inspection by the city would still be required and is no charge until June 1, 2020. Unit 1 is vacant and is a studio suite with a murphy bed. It could easily be converted to a 1 bedroom suite with 2 baths by simply installing a door. Air BnB possibilities could generate $70 - $90 per night per suite. Units 2, 3 & 4 are one bedroom units, rented for $800, $800 and $750 (all suites are 10%-15% below market rates). The landlord pays utilities of $540/month on a budget plan. Three suites are heated with modern electric wall furnaces, one with a natural gas furnace. There is a coin operated laundry (generates approx $100/month), storage facilities for tenant use, off street parking stalls for 4 vehicles plus a single garage. There is also a separate wired workshop with a sink and sky lights at rear of building.

Essential Information
MLS® #C4270516
Price$399,500
Bedrooms3
Bathrooms4.00
Full Baths4
Square Footage1,179
Acres0.15
Year Built1953
TypeDetached
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address227 32 Av Ne
AreaCalgary
SubdivisionTuxedo Park
CityCalgary
ProvinceAlberta
Postal CodeT2E 2G8
Amenities
Parking Spaces5
# of Garages1
Features

No Animal Home, No Smoking Home, Vinyl Windows, Workshop

Parking

Parking Pad Gravel, Single Garage Detached, Rear Drive Access, RV Parking

Interior
Has BasementYes
Heating

Natural Gas, Electric, Forced Air-1, See Remarks

Basement

Fully Finished, SUITE - Illegal

Exterior
ExteriorStucco
RoofMetal
ConstructionWood Frame
FoundationConcrete
Exterior Features

Back Lane, Fenced, Flat Site, Landscaped, Treed Lot, Level Land, Low Maintenance Landscape

School Information
DistrictCalgary
Additional Information
Days on Market135
Listing Details
OfficeREAL ESTATE PROFESSIONALS INC.
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Listing information last updated on February 20th, 2020 at 7:00am MST.