Listed By:
CIR Realty
Address
1502 40 Street Se, Calgary, AB
Price
$ 580,000
Property Attributes
  • ID#A2341465
  • TypeSingle Family
  • Listing Status Active
  • CityCalgary
  • AreaCAL Zone E
  • NeighbourhoodForest Lawn
  • Postal CodeT2A 1K2
  • StyleBungalow
  • Year Built1958
  • Price$ 580,000
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage940
  • Lot Size0.117126 Acres
Data Source:
Pillar 9 Technologies
Property Description

SHOWS 10/10! ATTENTION FIRST-TIME HOMEBUYERS, BUILDERS AND DEVELOPERS! This property is a CORNER LOT HOME and presents an outstanding opportunity in a growing area with excellent access to transit, schools, parks, and shopping. EXPLORE THE POTENTIAL FOR FUTURE MULTI-UNIT REDEVELOPMENT, including a 4-plex, subject to City of Calgary approval and all applicable regulations. Welcome to this WELL-MAINTAINED BUNGALOW situated on a large lot in a convenient SE Calgary location. Offering over 1,700 SQ. FT. OF DEVELOPED LIVING SPACE, this property features 5 BEDROOMS, 2 FULL BATHROOMS, BASEMENT SUITE (Illegal), AND A MASSIVE OVERSIZED DOUBLE DETACHED GARAGE, making it an excellent opportunity for homeowners, multi-generational families, or savvy investors. The main floor offers approximately 880 SQ. FT. ABOVE GRADE and showcases a bright and spacious living room highlighted by a cozy fireplace, a functional kitchen with ample cabinetry and dining space, a generous PRIMARY BEDROOM, two additional bedrooms, and a full 4-piece bathroom. The fully developed basement features a SEPARATE ENTRANCE, its own kitchen, a large recreation/living area, 2 ADDITIONAL BEDROOMS, a 3-piece bathroom, laundry area, and plenty of storage space—providing excellent flexibility for extended family living or mortgage-helper potential. Recent upgrades include an UPGRADED WASHER AND DRYER and a NEWER HOT WATER TANK, offering added value and peace of mind. Additional conveniences include a CENTRAL VACUUM SYSTEM and a WHOLE-HOUSE WATER FILTRATION SYSTEM, enhancing everyday comfort and functionality. Outside, you'll appreciate the beautifully maintained yard, LARGE PRIVATE BACKYARD, expansive patio area, and an impressive OVERSIZED DOUBLE DETACHED GARAGE with approximately 597 SQ. FT. OF SPACE, perfect for vehicles, tools, hobbies, workshop use, or additional storage. Ample off-street parking further adds to the property's appeal. Ideally located close to schools, shopping, public transit, parks, playgrounds, major roadways, and downtown Calgary, this property offers the perfect blend of convenience, versatility, and income potential. Whether you're looking to live up and rent down, accommodate a growing or multi-generational family, or add a solid revenue property to your investment portfolio, this home delivers exceptional value and endless possibilities. DON'T MISS THIS INCREDIBLE OPPORTUNITY!

Price History
8/31/2026 Listed $580,000

General Features

Heating Central,Mid Efficiency,Forced Air,Natural Gas
Cooling None
Roof Shingle
Appliances Electric Cooktop,Electric Oven,Range Hood,Refrigerator,Washer/Dryer
Zoning R-CG
Number of Garage Spaces 4
Restrictions None Known
Year Built 1958
Architectural Style Bungalow
Community Features Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Levels Bi-Level
Property Subtype Detached
Transaction Type For Sale
County Calgary
Property Type Residential
Subdivision Name Forest Lawn
Parking Total 4
Construction Materials Brick
District CAL Zone E
Full Baths 2
Status Active
City Calgary
Basement Development Finished
Virtual Tour URL Unbranded https://drive.google.com/file/d/1s2TevL-msOx5FBYe9KnKrLBWbDHDfvFm/view?ts=6a39aa0c
Structure Type House
Virtual Tour URL Branded https://youriguide.com/1502_40_st_se_calgary_ab/
Standard Status Active
Condo Type Not a Condo
Suite Yes

Interior Features

Interior Features Ceiling Fan(s),Central Vacuum,No Animal Home,No Smoking Home,See Remarks,Separate Entrance,Storage,Vinyl Windows
Basement Full
Flooring Laminate
Fireplace Features Wood Burning
Fireplaces Total 2
Basement Features Separate/Exterior Entry
Bedrooms Above Grade 3
Rooms Above Grade 6
Total Bedrooms 5
Below Grade Finished Area 896.19
Below Grade Finished Area Unit Type SquareFeet
Total Baths 2
Laundry Features Laundry Room
Main Level Finished Area 940.46
Main Level Finished Area Metres 87.37
Main Level Finished Area SF 940.46
Main Level Finished Area Srch Sq 940.46
Main Level Areas SquareFeet

Exterior Features

Exterior Features Garden,Private Yard
Lot Features Back Lane,Back Yard,Corner Lot,Front Yard,Garden,Landscaped,Lawn,Standard Shaped Lot,Street Lighting,Treed
Fencing Fenced
Inclusions N/A
Parking Features Double Garage Detached,Off Street
Frontage Length 15.24M 50`0
Foundation Brick/Mortar
Lot Size Acres 0.12
Garage Y/N Yes
Lot Size Square Feet 5102
Frontage Ft 50.00
Patio And Porch Features Patio

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T2A 1K2

Price
AVG $580K
$580K
Year Built
AVG 1958
1958
Visits
AVG 116
27
Data Provided by Inside Real Estate®