$578,000
1527 46 Street SE
Forest Lawn, Calgary
- 5 bedrooms
- 2 bathrooms
- 976 sq ft
About this home
Looking for a RARE INVESTMENT OPPORTUNITY WITH A LEGAL BASEMENT SUITE? Look no further! This well-kept bungalow is a total money-maker, perfect for investors or anyone wanting a huge mortgage helper. The main floor is already a super successful Airbnb that brings in top dollar, while the fully legal basement suite is currently rented out for steady, reliable cash flow month after month. Sitting on a massive 5900 sq. ft. R-CG zoned lot, this property lets you collect two rent checks today, while sitting on a goldmine for future development tomorrow. Whether you want to buy and hold or enjoy instant cash flow, this is the one! This detached home features 5 bedrooms and two 4-piece bathrooms. The downstairs cabinetry and upstairs living room floors were newly updated in November 2025. Unbeatable location with exceptional accessibility! Walking distance or a short drive to local schools, parks, shopping, and transit. Features seamless access to major corridors including International Avenue (17 Ave SE), Deerfoot Trail, and Stoney Trail (id:67770)
Facts
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 976 sq ft
- Home type
- House
- Year built
- 1961
- Lot size
- 557 square meters
- Parking
- 3
- Property taxes
- $3,265 (2026)
- MLS® number
- A2321172
Features
- Heating
- Forced air
- Cooling
- None
- Basement
- Finished, Full, Separate entrance, Suite
- Flooring
- Hardwood, Laminate
- Appliances
- Washer, Refrigerator, Stove, Dryer, Window Coverings
- Parking
- Detached Garage, Parking Pad
Rooms
| Room | Level | Size |
|---|---|---|
| Living room | Main level | 10.17 Ft x 15.25 Ft |
| Kitchen | Main level | 15.92 Ft x 7.83 Ft |
| Dining room | Main level | 5.83 Ft x 7.75 Ft |
| Laundry room | Basement | 7.17 Ft x 5.92 Ft |
| Foyer | Main level | 3.67 Ft x 5.17 Ft |
| Kitchen | Basement | 15.00 Ft x 11.08 Ft |
| Living room | Basement | 12.92 Ft x 11.50 Ft |
| Primary Bedroom | Main level | 11.75 Ft x 11.50 Ft |
| Bedroom | Main level | 11.50 Ft x 7.92 Ft |
| Bedroom | Main level | 8.17 Ft x 11.58 Ft |
| Bedroom | Basement | 8.58 Ft x 14.58 Ft |
| Bedroom | Basement | 12.83 Ft x 10.58 Ft |
| 4pc Bathroom | Main level | 4.83 Ft x 7.75 Ft |
| 4pc Bathroom | Basement | 8.50 Ft x 7.92 Ft |
Location
Listed by TREC The Real Estate Company
Listing data is supplied by the CREA Data Distribution Facility (DDF®). It is deemed reliable but not guaranteed and should be independently verified. It is provided for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing.