Investor Special – 3 Rental Streams, Greenspace, and R-CG Zoning! Rare opportunity to own a 1,422 sqft bungalow—the lowest-priced home of this size in Calgary—backing onto a greenspace in the high-demand community of Penbrooke Meadows. This property delivers immediate and proven cash flow with 3 potential rental streams: a 3-bedroom main floor, a 3-bedroom illegal basement suite with separate entrance (previously rented for $1,800/month), and a converted garage with private entry (previously rented for $800/month). That’s up to 3 tenants and 3 rents—a true cash cow for investors. Need garage space? Easily convert the 7th bedroom back to a Single Attached Garage, or take advantage of the back alley access and build a Brand-New Double Detached Garage to increase future resale value. Already upgraded with City-approved copper wiring and electrical meter, LED lighting, newer windows, ceramic & luxury vinyl flooring, and a 4–5-year-old roof, this property is solid and low-maintenance. Even better, it sits on an R-CG zoned lot, opening the door to future redevelopment, legal suites, or increased density—ideal for long-term portfolio growth. Located close to schools, shopping, parks, and major commuter routes (17th Ave, Memorial, Stoney, and Deerfoot), it's perfectly positioned to attract reliable tenants year-round. Live in one unit and rent the rest, renovate and flip, or hold for steady appreciation and monthly income—this is an investor’s dream with built-in upside. (id:51913)
House 
7 
3 
1422 sqft | Bathroom Total | 3 | Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 3 | Bedrooms Total | 7 |
| Appliances | See Remarks | Architectural Style | Bungalow |
| Basement Development | Finished | Basement Features | Separate Entrance, Walk-up, Suite |
| Basement Type | Full (finished) | Constructed Date | 1972 |
| Construction Style Attachment | Detached | Cooling Type | None |
| Exterior Finish | Vinyl Siding | Fireplace Present | Yes |
| Fireplace Total | 1 | Flooring Type | Laminate, Other, Tile |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Stories Total | 1 |
| Size Interior | 1422 Sqft | Total Finished Area | 1422.34 Sqft |
| Type | House |
| Other | |
| Parking Pad | |
| See Remarks |
| Acreage | No | Fence Type | Fence |
| Land Amenities | Park, Playground, Schools, Shopping | Size Depth | 9.29 M |
| Size Frontage | 4.83 M | Size Irregular | 5198.97 |
| Size Total | 5198.97 Sqft|4,051 - 7,250 Sqft | Size Total Text | 5198.97 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | R-cg |
| Level | Type | Dimensions |
|---|---|---|
| Basement | Bedroom | 12.17 Ft x 9.83 Ft |
| Basement | Bedroom | 13.17 Ft x 10.50 Ft |
| Basement | Bedroom | 12.83 Ft x 12.92 Ft |
| Basement | Living Room | 16.92 Ft x 12.42 Ft |
| Basement | 4pc Bathroom | 9.25 Ft x 7.83 Ft |
| Basement | Kitchen | 12.25 Ft x 12.25 Ft |
| Basement | Furnace | 13.08 Ft x 9.58 Ft |
| Main Level | Primary Bedroom | 13.33 Ft x 11.67 Ft |
| Main Level | Bedroom | 11.25 Ft x 20.83 Ft |
| Main Level | Bedroom | 9.83 Ft x 10.42 Ft |
| Main Level | Kitchen | 13.83 Ft x 9.08 Ft |
| Main Level | 3pc Bathroom | 9.50 Ft x 2.83 Ft |
| Main Level | 4pc Bathroom | 13.08 Ft x 4.58 Ft |
| Main Level | Bedroom | 13.25 Ft x 8.17 Ft |
| Main Level | Dining Room | 13.83 Ft x 8.33 Ft |
| Main Level | Living Room | 13.33 Ft x 17.58 Ft |
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