Calgary, AB T2A1S5 1527 50 Street SE

Open House Sat May 10th from 2:30pm - 4:30pm. Income Potential Meets Prime Location – LEGAL Suite + OVERSIZED LOT + DOUBLE DETACHED GARAGE |Investor alert or ideal for savvy homeowners! This legally suited 5-bedroom bungalow sits on an oversized deep lot with a WEST-facing backyard, offering exceptional value and flexibility. Live upstairs and rent the lower legal suite, or add a cash-flowing asset to your portfolio.The main floor features 3 bedrooms, REFINSIHED original hardwood, NEW pot lights (2024), a freshly painted interior, and a beautifully RENOVATED kitchen complete with full appliance package: ceramic-top stove, bottom-freezer fridge, microwave hood fan, and dishwasher. Enjoy meals in the cozy breakfast nook or the separate large dining room. An UPDATED bathroom includes a new tub, surround, toilet and vinyl plank flooring. PRIVATE in-suite laundry and a charming front porch add to the appeal.The LEGAL 2-bedroom basement suite is bright and spacious, featuring LARGE vinyl windows, a breakfast bar, excellent storage, durable vinyl plank and tile flooring, a full bathroom, PRIVATE laundry, and a SEPARATE entrance.Outside, the massive FENCED yard is perfect for entertaining or tenants with pets, boasting mature trees, a lilac hedge, and a storage shed. The double detached 24' X 22' garage (built in 2014) is INSULATED, DRYWALLED, and has its own ELECTRICAL PANEL—ideal for a workshop or additional rental potential.Major updates include:•New hot water tank (2024)•Electrical panel replaced and relocated to shared common area (2014)•Attic insulation UPGRADED to R40. •Vinyl Windows • Vinyl Plank and refinished hardwood flooring • Addition of pot lights (2024) • Main floor kitchen and bathroom renovation. • Roof on the house was new in 2013 and the garage was new in 2014. LOCATION-wise, you’re half a block from a community hub: arena, aquatic & fitness center, disc golf, library, playground, and more. Quick access to downtown, the east i ndustrial area, and the Ring Road. Steps to BRT bus routes on 17th Ave and the future Green Line C-Train. Walk to Elliston Park—host of GlobalFest fireworks and year-round outdoor enjoyment.This is an incredible opportunity to own a move-in-ready home with strong income potential in a rapidly revitalizing area. Don’t miss out! (id:7434)