Attention Investors, Developers & First Home Buyers! ** City of Calgary approved legal basement suite ** completed in 2019, can be used to qualify for a larger mortgage. This property has endless potential with R-C2 zoning for future redevelopment, large lot (14.97m x 36.52m), south facing backyard, mature landscaping and back lane. Solid and well maintained, this 3-bedroom up and 4th bedroom down bungalow offers over 2,500 sq ft of indoor living space, original hardwood, large windows, and open kitchen, dining & family room configuration. An oversized single detached garage along with gravel pad provide plenty of parking while the backyard includes 17.9’ x 21’ deck and is fully fenced. The 1 bedroom basement suite is well laid out, with flex space that could easily convert as 2nd bedroom, a living room, full kitchen and bathroom. As a self-contained secondary suite, it has met all City of Calgary requirements for legalization, including separate access, egress window, laundry, and a fire suppression sprinkler system. Updates include: new furnace (2019), new baseboard heaters, new ceiling & pot lights in basement, 2 new dishwashers & fridge downstairs (2021/22). This is an excellent revenue generating opportunity with long term holding potential. Tuxedo Park is a vibrant inner-city community, minutes to downtown, along future Greenline Ctrain, and access to major transportation and amenities. Don’t miss out! Find out more about this property. Request details here