2122 5 Street SW

Cliff Bungalow Calgary T2S 2B6

**Studio 2122 ** RARE & STYLISH MTL-STYLE BRICK DETACHED HOME l TURN-KEY INVESTMENT PROPERTY OFFERING** FULLY SET UP & READY TO RENT l CORNER LOT IN CLIFF BUNGALOW / MISSION l INCREDIBLE LOCATION l Sitting on a Prime corner lot, this home has been split into 2 illegal suites (upper + loft & main floor + basement) with both doors off 5 street. Complete with an upper deck and lower patio, driveway and corner yard laundry on both sides. Convenient / Amazing location - great property for a variety of living scenarios - Live up / Rent down (or vice versa) - perhaps a mature family that wants to live together but still have some separation, or for an investor who wants 6+ cap rate. (Generated over $85k in revenue in the last 1 year) Creative Vintage side - Main floor basement is currently set up as a Funky 1 bed 2 bath - and has been used as short term rental & photo shoot studio space. Basic Modern upper level is a 1 bed 1 bath + den and patio with downtown view. Very interesting urban space in an unbeatable trendy location. Sky's the limit with this property! This home has historic value, built in 1910 - the' Ernest S Leonard Residence' - a great representation of Queen Anne Revival Style architecture. *As per the City of Calgary website - this land although historic, is not legally protected or federally recognized* Unbeatable location on the same block as OEB, Master Gallery, Mercato & so much more - Move-In Ready & Renovated & Turn-key