Description
Currently generating $3,100 per month in rental income, this cash-flowing 6-bedroom bungalow offers an exceptional investment opportunity in the established community of Ogden. Five of the six bedrooms are currently rented to professional tenants, with two larger rooms rented for $650/month each and three additional rooms rented for $600/month each. The vacant sixth bedroom has a rental potential of $600/month, bringing the total potential monthly rental income to approximately $3,700 when fully occupied. Tenants have the flexibility to remain or vacate, making this an excellent opportunity for investors seeking immediate income or homeowners looking to offset their mortgage with rental revenue.Ideally set up for room rentals, this spacious bungalow is located just two blocks from the future Green Line LRT station, offering exceptional long-term growth potential and convenient transit access.The functional layout features 3 bedrooms on the main floor and 3 additional bedrooms in the fully developed basement, along with 2 full bathrooms, one on each level. All basement bedrooms include egress windows, enhancing both safety and livability while maximizing the home's rental appeal.Situated on a large lot in the desirable community of Ogden, the property offers a generous backyard complete with a gazebo, firepit, barbecue area, and swing, creating an inviting outdoor space for relaxing or entertaining.Whether you're looking to expand your investment portfolio, generate strong rental income from day one, or purchase a home with excellent mortgage-offset potential, this property offers a rare combination of immediate cash flow, flexible occupancy options, future appreciation potential, and an unbeatable location. (id:58070)
Calgary
