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:57557)
| MLS® Number | A2235682 |
| Property Type | Single Family |
| Neigbourhood | Erin Woods |
| 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 | 1,590 Ft2 |
| 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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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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