4256 40 Avenue Nw, Calgary

Welcome to the desirable community of Varsity, just a short three-minute walk to Market Mall. This bi-level duplex is the perfect opportunity for investors, featuring a legal basement suite and a strong rental history. Upstairs offers three bedrooms and one full bathroom, while the lower level includes another three bedrooms and one full bathroom, currently rented and generating $3,500 per month in rental income. The home includes bright living and dining spaces (tiled floors throughout the main living/dining/kitchen areas, large windows and a ceiling fan provide abundant natural light), a large recreation room in the basement, a versatile storage room that can double as a den or office (built-in shelving and a pass-through/desk-style counter create a functional work space), and a spacious front deck to enjoy (sliding glass door from the kitchen leads to the deck overlooking a tree-lined street and mature landscaping). The main-level kitchen features skylights, a combination of grey lower and white upper cabinetry, tile backsplash and counters, and full-size appliances, while the renovated basement suite shows its own kitchen with darker wood cabinetry and a full refrigerator. Recent updates include a renovated basement and a newer roof (2014). With a prime location near the University of Calgary, Foothills Hospital, LRT, Sir Winston Churchill High School, and just steps from Market Mall, this property checks all the boxes for a revenue property or future value growth. Best access is from the south end of Voyageur Drive through the back lane. (id:1945)