INVESTMENT OPPORTUNITY – CASH-FLOWING LEGAL SUITE + STRONG TENANTS LOCKED IN UNTIL 2026!Welcome to a turnkey investment property in the heart of Erin Woods SE, Calgary – offering over 1500 sqft of functional living space above grade with a legally suited walkout basement and stable rental income of $3,400/month until Spring 2026.Ideal for investors seeking immediate returns, this 4-level split home features 5 spacious bedrooms, 4 full bathrooms, and two separate laundry areas, all with quality finishes and thoughtful updates. Whether you're a seasoned investor or entering the market, this property delivers both performance and peace of mind.TENANT DETAILS & RENTAL INCOME:Main Floor Unit: Rented at $1,900/month + 60% of utilities until March 31, 2026Legal Basement Suite: Rented at $1,500/month + 40% of utilities until April 30, 2026Combined Income: $3,400/month + utilitiesAverage Utility Range: $250–$350/month (summer) and $350–$450/month (winter), split between unitsPROPERTY FEATURES:Fully legalized walkout basement suite (2022) with private entrance, 2 bedrooms, 2 bathrooms, modern kitchen w/ central island, gas fireplace, and a private south-facing deckMain level offers vaulted ceilings, maple cabinets, large windows, skylights, and a cozy living room w/ withiver rock gas fire. placeUpper floor includes a spacious primary suite with a walk-in closet and an ensuite, plus 2 additional bedrooms and another full bath.Separate laundry areas for main and basement suitesRecent upgrades include:? New appliances (2023–2024)? New furnace and hot water tank (2022)? Legalization of basement suite (2022)PRIME LOCATION:Quiet street in central Erin Woods SEQuick access to Stoney Trail, Deerfoot Trail, and downtown CalgaryMinutes to schools, shopping, parks, and Calgary’s industrial hubRear parking pad for 2 vehicles + ample street parking in frontWhether you're looking to grow your real estate portfolio or house hack with rental support, this property c hecks all the boxes: legal suite, long-term tenants, low vacancy risk, and strong cash flow. Don’t miss this rare opportunity to secure a high-performing investment property in Calgary’s rental market. (id:51018)
| MLS® Number | A2235682 |
| Property Type | Single Family |
| Community Name | Erin Woods |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Features | See Remarks |
| Parking Space Total | 2 |
| Plan | 9510134 |
| Structure | Deck |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings |
| Architectural Style | 4 Level |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Walk Out, Suite |
| Basement Type | Full (finished) |
| Constructed Date | 1997 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Fireplace Present | Yes |
| Fireplace Total | 2 |
| Flooring Type | Ceramic Tile, Laminate, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1590 Sqft |
| Total Finished Area | 1589.68 Sqft |
| Type | House |
| Other | |
| Parking Pad |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Depth | 33.49 M |
| Size Frontage | 9.14 M |
| Size Irregular | 306.00 |
| Size Total | 306 M2|0-4,050 Sqft |
| Size Total Text | 306 M2|0-4,050 Sqft |
| Zoning Description | R-cg |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 7.58 Ft x 5.08 Ft | ||
| Second Level | 4pc Bathroom | 5.25 Ft x 7.67 Ft | ||
| Second Level | Bedroom | 9.58 Ft x 11.25 Ft | ||
| Second Level | Bedroom | 9.50 Ft x 11.33 Ft | ||
| Second Level | Primary Bedroom | 11.25 Ft x 11.67 Ft | ||
| Lower Level | 3pc Bathroom | 7.58 Ft x 5.00 Ft | ||
| Lower Level | Dining Room | 7.33 Ft x 5.92 Ft | ||
| Lower Level | Family Room | 13.75 Ft x 13.83 Ft | ||
| Lower Level | Kitchen | 7.33 Ft x 11.00 Ft | ||
| Lower Level | 4pc Bathroom | 7.17 Ft x 5.00 Ft | ||
| Lower Level | Bedroom | 9.00 Ft x 8.75 Ft | ||
| Lower Level | Bedroom | 11.00 Ft x 15.00 Ft | ||
| Lower Level | Furnace | 7.17 Ft x 5.17 Ft | ||
| Main Level | Dining Room | 9.58 Ft x 8.92 Ft | ||
| Main Level | Kitchen | 11.58 Ft x 11.42 Ft | ||
| Main Level | Living Room | 16.83 Ft x 16.17 Ft |
https://www.realtor.ca/real-estate/28549649/214-erin-circle-se-calgary-erin-woods
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