Exceptional high-income investment opportunity at 929 38 Street SE.?This massive two-storey property is purpose-built for room-by-room rentals, multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring over 4000 sq ft of developed living space, the home includes 10 bedrooms and 4 bathrooms with a highly functional layout designed for shared living. The upper floor is thoughtfully designed with seven bedrooms and three bathrooms, including one bedroom with a private full ensuite, a five-piece bathroom shared between bedrooms, and an additional four-piece Jack-and-Jill bathroom, providing excellent usability and privacy for multiple occupants. A spacious bonus room further enhances the layout, while the very open floor plan and large windows throughout flood the home with natural light and strongly enhance tenant appeal. A large front foyer creates an inviting first impression. The main floor offers additional living space and a separate laundry room, while the fully self-contained LEGAL two-bedroom basement suite includes its own laundry and a generous living area, making the property exceptionally well suited for efficient room-by-room leasing or multi-family use. The home underwent a significant transformation in 2015, with upgrades including a newer roof, windows, hot water tank, updated kitchen, and renovated bathrooms, minimizing near-term capital expenditures. Solidly built, well maintained, and turnkey for income generation, this property offers both immediate revenue potential and long-term value.Additional investment highlights include: LEGAL basement suit, Double garage plus abundant on-site and street parking, Second entrance providing functional separation, Bright, open common areas enhanced by oversized windows, Prime location close to Marlborough Mall, 17 Avenue SE, LRT stations, schools, and major transit routes. Ideal for investors seeking strong monthly income, flexible rental configurations, and long-term appreciation in an established Calgary neighbourhood. A rare opportunity to secure a large-scale residential income property — book your showing today.
Address
929 38 Street SE
List Price
$899,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
2 Storey
Transaction Type
Sale
Area
Calgary E
Sub-Area
Forest Lawn
Bedrooms
10
Bathrooms
5
Floor Area
3,034 Sq. Ft.
Lot Size
6932 Sq. Ft.
Year Built
1960
MLS® Number
A2282727
Listing Brokerage
RE/MAX House of Real Estate
Basement Area
Full
Postal Code
T2A 1A1
Zoning
R-CG
Site Influences
Corner Lot, Low Maintenance Landscape, Schools Nearby, Shopping Nearby, Park, Playground, Rectangular Lot
