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    Description

    INVESTOR ALERT! A TRULY TURNKEY, HANDS-OFF INVESTMENT WITH GREAT TENANTS ALREADY IN PLACE! Built in 2023 by Hopewell Residential, this exceptionally well-maintained property offers an opportunity to own a premium income-generating home in the highly sought-after lake community of Mahogany. Featuring a spacious upper residence plus a LEGAL 2-bedroom basement suite, the property currently generates a combined $4,550/month ($54,600/year) in gross rental income from both units. The hard work has already been done, simply take over an established, income-producing property from day one. The upper residence stands out with impressive 10-foot ceilings, bright modern living spaces, a spacious kitchen, comfortable living and dining areas, well-sized bedrooms, a 5-piece ensuite and access to the double detached garage. The garage is equipped with an added subpanel to accommodate a future EV charger, an increasingly desirable feature for tenants. Both the front and backyard are fully maintenance-free, adding convenience for tenants while minimizing ongoing exterior upkeep for the owner. The LEGAL 2-bedroom basement suite feels anything but typical, with 9-foot ceilings, its own kitchen, living area, bathroom and separate entrance, creating a bright and comfortable independent living space. The outdoor areas have also been thoughtfully divided with double fencing, giving each unit its own private space. This property was designed with tenants in mind. The combination of a newer 2023 build, high ceilings on both levels, a legal suite, private outdoor spaces, maintenance-free landscaping and a double garage helps set it apart from a typical rental and makes it particularly attractive to quality, long-term tenants. Great tenants are already secured in both units, providing immediate and established rental income. No renovations to complete, no tenants to find and no maintenance to worry about, this property is truly set up to be a hands-off investment. Located in one of Calgary’s most desirable lake communities, residents enjoy access to Mahogany Lake and its year-round amenities, extensive pathways, parks, playgrounds, schools, shopping and restaurants, with convenient access to major roadways. For an investor looking for a newer, income-producing property without the usual upfront work, this is about as turnkey as it gets. (id:58070)

    Property Features

    • MLS® Number A2345952
    • Price $740,000
    • Bedrooms: 5
    • Bathrooms: 4
    • Square Footage: 1747 sqft
    • Property Type: House
    • Community Name: Mahogany
    • Amenities Near By Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby
    • Community Features Lake Privileges, Fishing
    • Features See Remarks, Parking
    • Parking Space Total 2
    • Plan 2210571
    • Structure Deck

    Buildings

    Bathroom Total 4 Bedrooms Above Ground 3
    Bedrooms Below Ground 2 Bedrooms Total 5
    Appliances Washer, Refrigerator, Range - Gas, Dishwasher, Stove, Dryer, Microwave Range Hood Combo, Hood Fan, Window Coverings Basement Development Finished
    Basement Features Separate Entrance, Suite Basement Type Full (finished)
    Constructed Date 2022 Construction Material Wood Frame
    Construction Style Attachment Detached Cooling Type None
    Exterior Finish Stone Flooring Type Carpeted, Tile, Vinyl Plank
    Foundation Type Poured Concrete Half Bath Total 1
    Heating Fuel Natural Gas Heating Type Forced Air
    Stories Total 2 Size Interior 1747 Sqft
    Total Finished Area 1747.41 Sqft Type House

    Parking

    Detached Garage 2
    Other

    Land

    Acreage No Fence Type Fence
    Land Amenities Park, Playground, Recreation Nearby, Schools, Shopping, Water Nearby Size Depth 34 M
    Size Frontage 7.81 M Size Irregular 265.00
    Size Total 265 M2|0-4,050 Sqft Size Total Text 265 M2|0-4,050 Sqft
    Zoning Description R-g

    Rooms

    Level Type Dimensions
    Lower Level 4pc Bathroom 7.50 Ft x 4.92 Ft
    Lower Level Bedroom 9.33 Ft x 12.42 Ft
    Lower Level Bedroom 10.42 Ft x 9.00 Ft
    Lower Level Kitchen 13.83 Ft x 10.17 Ft
    Lower Level Recreational, Games Room 13.83 Ft x 16.00 Ft
    Lower Level Furnace 6.50 Ft x 14.50 Ft
    Main Level 2pc Bathroom 5.00 Ft x 4.83 Ft
    Main Level Dining Room 14.58 Ft x 10.33 Ft
    Main Level Kitchen 13.67 Ft x 15.58 Ft
    Main Level Living Room 13.75 Ft x 16.08 Ft
    Main Level Other 4.92 Ft x 10.25 Ft
    Upper Level 4pc Bathroom 8.75 Ft x 4.92 Ft
    Upper Level 5pc Bathroom 5.92 Ft x 19.08 Ft
    Upper Level Bedroom 9.50 Ft x 11.50 Ft
    Upper Level Bedroom 9.00 Ft x 11.42 Ft
    Upper Level Primary Bedroom 12.58 Ft x 14.00 Ft
    Address
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