5220 19 Avenue NW

Wow!......Is all one can say! Just listed is is a very RARE opportunity!!! Attention all developers and or investors or someone who would like to have supplemental income to subsidize their mortgage payments...here's a remarkable find!!! Welcome to a very large and spacious 1,382sqft, total of four bedroom Bilevel, on a massive 53x120 R-C1 lot in the heart of Montgomery. Montgomery is one of the most progressive re-building infill areas in all of northwest Calgary!! The lower level is an illegal, self contained and spacious 1,067sqft two bedroom suite, c/w large windows, featuring a separate walk out entrance, includes two f/a furnaces, and two h/w tanks.*** Here's the bonus!*** There is also a massive triple car garage, plus two additional parking stalls front and back! The interior of the house requires some cosmetic TLC but well worth the effort. The current tenants have resided there for 24 plus years and the rents are low. The rents as of May 1, 2024 will be, upstairs $1,125/month plus utilities, the lower rent is $850/month plus utilities. Both tenants are on a month to month tenancy. The utilities are paid by the landlord and are reimbursed by the tenants. The seller would like to disclose there was a flood in the lower level a number years ago caused by a city water main break but everything was repaired. A very quiet location, a short walk to Shouldice park and pool, a short walk to the Bow river and Bowmont off leash park. Close to all amenities, easy access west to the mountains and a short commute to downtown. This is a fantastic holding property for future development or to live in and subsidize your mortgage payments. Hurry on this one, it won't last long!!!