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, 2026
Legal Basement Suite: Rented at $1,500/month + 40% of utilities until April 30, 2026
Combined Income: $3,400/month + utilities
Average Utility Range: $250–$350/month (summer) and $350–$450/month (winter), split between units
PROPERTY 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 deck
Main level offers vaulted ceilings, maple cabinets, large windows, skylights, and a cozy living room w/ withiver rock gas fire. place
Upper 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 suites
Recent 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 SE
Quick access to Stoney Trail, Deerfoot Trail, and downtown Calgary
Minutes to schools, shopping, parks, and Calgary’s industrial hub
Rear parking pad for 2 vehicles + ample street parking in front
Whether you're looking to grow your real estate portfolio or house hack with rental support, this property checks 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.
Data was last updated July 4, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$479,000
Min list price:
$205,000
Max list price:
$649,900
Avg days on market:
28
Min days on market:
1
Max days on market:
58
Avg price per sq.ft.:
$424.01
These statistics are generated based on the current listing's property type
and located in
Erin Woods. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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. Used under license.