119 Marlyn Place NE

Marlborough Calgary T2A 3K9

Attention all investors and homeowners! Whether you're in search of a turn-key Short-Term Rental (STR) or relocating from out of town, this property offers the perfect combination of functionality and convenience. This detached house boasts 4 bedrooms, 2 bathrooms, and a finished basement, providing ample space for comfortable living or generating rental income. The main floor features 2 bedrooms, 1 bathroom, a living room, and a kitchen, with plumbing and electrical rough-ins in place to easily set up an additional laundry unit. The illegal basement suite includes a kitchen, laundry facility, and living room with large windows to let in plenty of sunlight. Moreover, the property includes a detached double garage equipped with insulation, heating, ventilation fan, and a 240V plugin, making it an excellent space for a workshop or additional storage. Previously, this home has generated approximately $40,000 in gross rental income as a whole house rental. Currently, the garage is rented to a great tenant on a month-to-month lease, providing $600 per month in extra income, with the tenant ready to sign a lease with the new owner. Cash flow potential can be further increased by renting the main floor and illegal basement suite separately. The current market rents for long-term tenancy include $1700-1900 for the main floor, $1300-1500 for the basement, and $500-600 for the garage. Whether sold with furnishings or vacant, this property presents an enticing opportunity for investors and homeowners alike. Nestled in the convenient neighborhood of Marlborough on a quiet cul-de-sac, residents enjoy proximity to three malls, grocery stores, entertainment options, and restaurants. Nearby schools and easy access to public transit via Marlborough station further enhance the appeal of this fantastic property. Don't miss out on this exceptional opportunity! Contact us today for more details and to schedule a viewing.