CONSISTENT LONG-TERM POSITIVE CASHFLOW!! Don't miss out on this opportunity to own this recently renovated bungalow in the sought after community of Collingwood. Currently this property is fully rented out and producing $4400 a month and sits on RC-2 development lot, a truly rare find for Collingwood. On the main floor we have an excellent open floor plan with a charming fireplace centering the living room. From this vantage point you are able to see the spacious kitchen and dinning room providing an open concept feel. Furthermore we have 3 bedrooms with built-in closets and a 4-piece bath and laundry to round out this floor. Recent renovations include, vinyl luxury flooring, pot-lights, and paint . At the back of the house we have a separate entrance to our LEGAL SUITE registered with the City of Calgary. The basement has an updated kitchen with individual pantry space, an outward exhausting hood fan, 4 bedrooms, and 2 separate 4-piece bathrooms . Of the 4 basement bedrooms, 2 have walk-in closets and all bedrooms are over 110 sq ft each with carbon monoxide and fire detectors (rooms are rented month to month) and there is separate laundry. There is a mechanical room that has 2 separate front loader laundries, storage space, a new high-efficiency furnace/hot water tank, and a sprinkler system for safety. The roof shingles have been replaced, and new roof turbines have also have been installed. This home also features a DETACHED OVERSIZED SINGLE GARAGE, 16ftx27ft, that is an additional income generator and we have a good sized and private back yard. LOCATION is prime as this home is situated on the ONLY other street that has RC2 zoning in the Tri-wood area. The Collingwood Tri-wood area has an incredible amount of green space with 28 parks, 7 tennis courts, 6 off-leash areas, 2 arenas, a golf course, a recreation center, and a splash park. There are more than 10 schools, within a 10 minute radius of this property(SAIT, University of Calgary, St Francis High School, ect). Major transportation routes, public transportation, an LRT station, 2 hospitals, shopping and the new Cancer Centre are minutes away. Contact your favorite realtor today and book a showing.