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$595,000

112 Penmeadows Close SE

Penbrooke Meadows, Calgary, Alberta

5 bed·2 bath·Detached·MLS® A2335551·3d ago

About this home

Fantastic Income Property! Generate approximately $3,500 per month in rental income as an investor, or take advantage of an excellent opportunity for first-time buyers. The lower legal suite is currently vacant, allowing you to move in while collecting $1,700/month from the main floor plus $600/month from the heated garage rental to help offset your mortgage. The main floor features a spacious living room, dining area, large kitchen, three good-sized bedrooms, and a 4-piece bathroom. The bright lower legal suite offers its own kitchen, large living room, two good-sized bedrooms, and a 4-piece bathroom. Shared laundry is conveniently located in lower level. Outside you'll find a mechanics dream insulated heated 28 x 28 garage/shop with 9' door, a large backyard with plenty of room to enjoy, a deck, and additional parking. Numerous updates include a furnace (approximately 12 years old), hot water tank (approximately 4 years old), basement windows (approximately 2 years old), and the main living room window. Located on a quiet street close to green spaces, shopping, schools, public transit, and all amenities, this is a versatile property offering strong cash flow, mortgage assistance, or an ideal investment opportunity. Click on link to view 3D walk through. (id:66681)

Property details

Bedrooms
5
Bathrooms
2
Half baths
0
Year built
1971
Property type
Residential
Building type
Bungalow
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Parking
Detached Garage, Garage, Oversize, Heated Garage (4)
Zoning
R-CG
MLS®
A2335551
Days on market
2

Location

Listing information last updated 3d ago. Provided by the listing brokeragevia CREA’s DDF®, deemed reliable but not guaranteed accurate.

Mortgage estimate

Estimate only — actual payments depend on your lender, credit, and closing costs. Uses Canadian semi-annual compounding, as required by law, not the US monthly-compounding convention most templates use.

Down payment

$119,000 (20%)

Base loan amount$476,000

$2,903 / month

First payment: $2,153 interest, $749 principal