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Rajesh BabunaiduREALTOR®smartPRO Realty
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$580,000

1502 40 Street SE

Forest Lawn, Calgary

  • 5 bedrooms
  • 2 bathrooms
  • 940 sq ft

About this home

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, playgr ounds, 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! (id:67770)

Facts

Bedrooms
5
Bathrooms
2
Living area
940 sq ft
Home type
House
Year built
1958
Lot size
474 square meters
Parking
4
Property taxes
$3,268 (2026)
MLS® number
A2341465

Features

Heating
Forced air, Natural gas, Central heating
Cooling
None
Basement
Finished, Full, Separate entrance, Suite
Flooring
Laminate
Appliances
Refrigerator, Oven - Electric, Cooktop - Electric, Hood Fan, Washer & Dryer
Parking
Detached Garage, Other
Exterior Features
Brick

Rooms

RoomLevelSize
4pc BathroomMain level5.17 Ft x 10.83 Ft
BedroomMain level10.33 Ft x 10.67 Ft
BedroomMain level10.00 Ft x 12.17 Ft
HallMain level3.00 Ft x 9.83 Ft
OtherMain level12.08 Ft x 13.42 Ft
Living roomMain level14.25 Ft x 15.83 Ft
Primary BedroomMain level11.83 Ft x 12.17 Ft
3pc BathroomBasement6.42 Ft x 7.08 Ft
BedroomBasement11.50 Ft x 12.58 Ft
BedroomBasement10.25 Ft x 10.42 Ft
HallBasement3.33 Ft x 8.67 Ft
HallBasement7.08 Ft x 8.92 Ft
KitchenBasement8.08 Ft x 10.33 Ft
Laundry roomBasement7.25 Ft x 12.58 Ft
Recreational, Games roomBasement10.50 Ft x 13.00 Ft
StorageBasement3.67 Ft x 7.67 Ft
FurnaceBasement4.33 Ft x 5.92 Ft
FurnaceBasement1.42 Ft x 1.83 Ft

Location

Listed by CIR Realty

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