Property Details

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268 Madeira Place NE
Calgary (A2275628)

$565,000
5
2
1,019 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Fully rented revenue property with recent updates and strong rental demand. The main floor offers 3 bedrooms, while the lower level features a 2-bedroom basement suite with a separate entrance. Recent basement improvements include new egress windows, vinyl plank flooring, new baseboards, and fresh paint, creating a bright and functional living space. The property is fully leased on a month-to-month basis with current rents of $1,700 for the main floor, $1,300 for the basement, and $400 for the oversized double heated detached garage, providing strong and diversified income. Additional features include a fenced yard, separate basement access, and a heated garage generating supplemental revenue. Situated on a quiet residential street with convenient access to transit, schools, shopping, and major roadways. A well-maintained, turn-key investment with reliable cash flow already in place.

Property details

Basic Info

MLS® #
A2275628
Property Type:
Residential
Subtype:
Detached
Subdivision:
Marlborough Park
Price
$565,000
Sale/Lease:
For Sale
Size:
1,019 sq.ft.
Bedrooms:
5
Bathrooms:
2
Year Built:
1978 (47 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Double Garage Detached, Heated Garage, Off Street
Fence:
Fenced
Basement:
Full
Features:
Quartz Counters
Inclusions:
n/a
Appliances:
Dishwasher, Microwave, Refrigerator, Stove(s), Washer/Dryer
Laundry:
Multiple Locations
Exterior Features:
Private Yard
Patio/Porch Features:
None

Neighborhood Info

Nearby Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Lot / Land Info

Lot Size:
0.11 acres
Lot Features:
Back Lane, Back Yard, Rectangular Lot
Zoning:
R-CG

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Wood Frame,Wood Siding
Floors:
Carpet, Ceramic Tile, Hardwood
Foundation:
Poured Concrete
Heating:
Forced Air
Cooling:
None
Amenities:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Listing Info

Possession:
Negotiable
Days on Market:
4
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Grassroots Realty Group Ltd.
1-833-477-6687

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