815 20a Avenue NE

Spacious, extensively renovated bungalow featuring a main floor 2 bedroom suite and a fully legal 2 bedroom basement suite - an exceptional revenue property with strong cash flow as well as future redevelopment potential. Situated on a generous 50'x126' RC-G zoned lot on a quiet street, this property offers both excellent holding value and future development potential. Both suites are tenant occupied with both tenants open to staying making this a fantastic turnkey investment opportunity. The bright main level features hardwood floors, 2 bedrooms and a large beautifully renovated bathroom complete with standup shower, soaker tub, and dual sinks, along with a dedicated laundry room with it's own washer and dryer and kitchen appliances upgraded within the last 6 months to one year. The basement suite offers full kitchen, two bedrooms, one bathroom, a separate entrance and en-suite laundry, providing privacy and convenience for tenants. Significant upgrades include the full development of the legal basement suite including PEX plumbing from underneath the house extending to the foundational footprint, Dricore sub-floor insulation with vinyl plank finish in basement, kitchen and furnace/laundry room, new carpet in bedrooms and living room and tiled flooring in bathroom. The entire house features new windows and window coverings, new roof on the house and the garage in 2021, 100 amp electrical service panel and furnished with new appliances. Additional outdoor features include a double detached garage with space for two vehicles behind it, a four vehicle parking pad as well as a full sized camper or boat parking pad. Combined with plenty of street parking this property offers exceptional flexibility for tenants and guests alike. The fully fenced backyard enjoys abundant natural sunlight and a firepit, perfect for outdoor relaxation or entertaining. A elevated area off the back door offers the perfect place for a barbecue. Excellent opportunity for investors, first time buyers, or families looking for mortgage assistance, or developers seeking future upside in a desirable location! Ideally, located with quick access to 16th Ave., Edmonton Trail, Deerfoot Trail, and the Downtown Core, this home is surrounded by excellent amenities. Enjoy being within an easy walking distance of the bike paths, schools, two parks in close proximity, playgrounds, shopping, and popular local restaurants, and cafés along Centre Street, Edmonton Trail and 16th Ave. Residence will also appreciate close proximity to the community center, four golf courses, Nose Hill Park, and numerous recreational amenities. This rare inner city property offers the perfect blend of comfort, income potential, and future upside in a quiet well established community.