Listing Details

Return to Search Result
Data was last updated 2026-01-01 at 08:24:13 AM (MST)

268 Madeira Place NE - MLS® # A2275628

Property Details


List Price
$565,000
Living Area
1,019 sqft.
Bedrooms
5
Bathrooms
2
Lot Size Area
4617 sq.ft.
Taxes
N/A
Type
Detached
Style
Bungalow
Basement
Full
Year Built
1978

Description

Fully rented revenue property with recent updates and strong rental demand. The main floor offers 3 bedrooms, while the lower level features a 2-bedroom basement suite with a separate entrance. Recent basement improvements include new egress windows, vinyl plank flooring, new baseboards, and fresh paint, creating a bright and functional living space. The property is fully leased on a month-to-month basis with current rents of $1,700 for the main floor, $1,300 for the basement, and $400 for the oversized double heated detached garage, providing strong and diversified income. Additional features include a fenced yard, separate basement access, and a heated garage generating supplemental revenue. Situated on a quiet residential street with convenient access to transit, schools, shopping, and major roadways. A well-maintained, turn-key investment with reliable cash flow already in place.

Features

Private Yard

Listing Provided By

The Real Estate District

The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.

Send us your questions about this property and we'll get back to you right away.

Send this to a friend, or email this to yourself

  • Jim Hyslop
  • 403.650.4494
  • 403.259.4141
  • mail@jimhyslop.com
  • RE/MAX REALTY PROFESSIONALS
  • #10, 6020 - 1A STREET SW
  • CALGARY, AB
  • T2H 0G3