New Listing
140 Valley Meadow Close Nw, Calgary
$699,900 - 4 Beds, 3 Baths, 1,318 Sf
MLS® # A2236980
Real Broker
214 Erin Circle Se, Calgary
$579,000
5 Beds
4 Baths
1,590 Sqft
.08 Acres
0 Garages
INVESTMENT OPPORTUNITY – CASH-FLOWING LEGAL SUITE + STRONG TENANTS LOCKED IN UNTIL 2026!
Welcome to a turnkey investment property in the heart of Erin Woods SE, Calgary – offering over 1500 sqft of functional living space above grade with a legally suited walkout basement and stable rental income of $3,400/month until Spring 2026.
Ideal for investors seeking immediate returns, this 4-level split home features 5 spacious bedrooms, 4 full bathrooms, and two separate laundry areas, all with quality finishes and thoughtful updates. Whether you're a seasoned investor or entering the market, this property delivers both performance and peace of mind.
TENANT DETAILS & RENTAL INCOME:
Main Floor Unit: Rented at $1,900/month + 60% of utilities until March 31, 2026
Legal Basement Suite: Rented at $1,500/month + 40% of utilities until April 30, 2026
Combined Income: $3,400/month + utilities
Average Utility Range: $250–$350/month (summer) and $350–$450/month (winter), split between units
PROPERTY FEATURES:
Fully legalized walkout basement suite (2022) with private entrance, 2 bedrooms, 2 bathrooms, modern kitchen w/ central island, gas fireplace, and a private south-facing deck
Main level offers vaulted ceilings, maple cabinets, large windows, skylights, and a cozy living room w/ withiver rock gas fire. place
Upper floor includes a spacious primary suite with a walk-in closet and an ensuite, plus 2 additional bedrooms and another full bath.
Separate laundry areas for main and basement suites
Recent upgrades include:
? New appliances (2023–2024)
? New furnace and hot water tank (2022)
? Legalization of basement suite (2022)
PRIME LOCATION:
Quiet street in central Erin Woods SE
Quick access to Stoney Trail, Deerfoot Trail, and downtown Calgary
Minutes to schools, shopping, parks, and Calgary’s industrial hub
Rear parking pad for 2 vehicles + ample street parking in front
Whether you're looking to grow your real estate portfolio or house hack with rental support, this property checks all the boxes: legal suite, long-term tenants, low vacancy risk, and strong cash flow. Don’t miss this rare opportunity to secure a high-performing investment property in Calgary’s rental market.
Essential Information
MLS® #A2235682
Price$579,000
Bedrooms5
Bathrooms4.00
Full Baths4
Square Footage1,590
Acres0.08
Year Built1997
TypeResidential
Sub-TypeDetached
Style4 Level Split
StatusActive
Community Information
Address214 Erin Circle Se
SubdivisionErin Woods
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT3B3H8
Amenities
Parking Spaces2
Parking
Alley Access, Off Street, Parking Pad, Unpaved
Interior
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
FireplaceYes
# of Fireplaces2
FireplacesGas
Interior Features
Jetted Tub, Pantry, Separate Entrance, Skylight(s)
Appliances
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer, Window Coverings
Basement
Exterior Entry, Finished, Full, Suite, Walk-Out
Exterior
Exterior FeaturesPrivate Entrance, Private Yard
Lot DescriptionBack Yard, See Remarks
RoofAsphalt Shingle
ConstructionVinyl Siding, Wood Frame
FoundationPoured Concrete
Additional Information
ZoningR-CG
Listing Details
OfficeURBAN-REALTY.ca
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