Skip to content
smartPRO RealtyRajesh Babunaidu, REALTOR®
  • Front of the House, behind the bushes
  • 2232 42 Street SE, photo 2 of 50
  • Income property surrounded with New builds
  • Dinning room and Living room - Open Concept
  • Main entrance Mani floor , with large windows
  • 2232 42 Street SE, photo 6 of 50
  • 2232 42 Street SE, photo 7 of 50
  • Kitchen on main floor - Upper suite
  • Kitchen on Main Floor other view
  • Kitchen on the Main Floor - Upper Suite
  • 4 pieces Washroom - Main floor other view with large window
  • 4 pieces washroom for the Upper Suite - Main floor
  • 2232 42 Street SE, photo 13 of 50
  • Principal Bedroom on Main floor, other view with 2 closets behind the curtains
  • Huge Principal Bedroom on Main floor, with windows in two walls
  • 2nd Bedroom - Loft other view
  • Bedroom - Primary
  • 2nd Bedroom - Loft with plenty of storage
  • Bedroom Loft - Upper Floor
  • right side of the property and entrance to the back yard and basement suite
  • Back Yard and entrance to the Basement Legal-Suite, access to Walk-up
  • Basement Legal-Suite, bright separated entrance (Walk-up)
  • Basement Legal-Suite Entrance
  • Basement Legal-Suite, Dinning and living room area
  • Basement Legal-Suite - Kitchen
  • Basement Full Kitchen
  • Basement Legal-Suite Living room with large windows
  • Basement Legal-Suite, other view from Living room to the dining -kitchen and entrance
  • Basement Legal-Suite, Large Bedroom with walk-in closet
  • Basement Legal-Suite, 4 pieces washroom with ceramic
  • Basement Legal-Suite, 4 pieces washroom
  • Basement - Utility room and private laundry with full size appliances
  • back yard, storage, garage and extra parking spaces
  • Backyard with fire pit and extra storage unit , North side
  • Back yard - Additional shed - Storage
  • Back Ally view
  • Back Ally view
  • Garage only accessible with offer
  • Fire-pit, storage unit and double garage detached
  • Additional parking from the back-ally
  • 2232 42 Street SE, photo 41 of 50
  • 2232 42 Street SE, photo 42 of 50
  • Huge Lot surrounded buy new Builds
  • 2232 42 Street SE, photo 44 of 50
  • 2232 42 Street SE, photo 45 of 50
  • 2232 42 Street SE, photo 46 of 50
  • 2232 42 Street SE, photo 47 of 50
  • 2232 42 Street SE, photo 48 of 50
  • 2232 42 Street SE, photo 49 of 50
  • 2232 42 Street SE, photo 50 of 50

$540,000

2232 42 Street SE

Forest Lawn, Calgary

  • 3 bedrooms
  • 2 bathrooms
  • 951 sq ft

About this home

REGISTERED LEGAL BASEMENT SUITE | $3,000 MONTHLY RENTAL INCOME | DOUBLE DETACHED GARAGE. Located in Forest Lawn, an established community experiencing significant redevelopment, this income-producing property offers an excellent opportunity to collect rental income while holding a substantial parcel of land for the future. Built in 1910, this character home features two self-contained living spaces, both currently rented, generating a combined $3,000 per month, including utilities. Both tenants are on month-to-month tenancies, great tenants that take excellent care of the property, and would prefer to remain. MAJOR STRUCTURAL AND MECHANICAL IMPROVEMENTS: The foundation and basement were reinforced and rebuilt with a new concrete basement by a previous owner in the 1960s. During the current owner's 10 years of ownership, significant upgrades have been completed, including a new roof, new basement windows, new furnace, new hot water tank, and new appliances, all within approximately the past five years. The BRIGHT MAIN/UPPER RESIDENCE offers large windows providing abundant natural light, a spacious main-floor bedroom, a second bedroom in the upper loft with lower ceiling height, one full bathroom, a generous living area, and a fully equipped kitchen. The CITY OF CALGARY REGISTERED LEGAL BASEMENT SUITE features a separate private entrance, one bedroom, one full bathroom, a bright living area with large legal windows, a fully equipped kitchen with stove, range hood, refrigerator and dishwasher, plus its own full-size washer and dryer. The property also offers a WEST-FACING BACKYARD, double detached garage with wall-mounted wooden workbenches, and two exterior storage sheds, providing additional storage for both households. EXCELLENT LOCATION AND ACCESSIBILITY: Convenient access to 17 Avenue SE (International Avenue), shopping, grocery stores, restaurants, schools, parks and essential services. Well connected to major transportation routes and publi c transit, including MAX Purple rapid bus service providing connections to downtown Calgary. REDEVELOPMENT AND LAND VALUE: New infill homes, duplexes, townhouses and multi-unit residential developments are transforming the surrounding blocks, including projects along 42 Street SE. The generous 6,103 sq. ft. lot presents an attractive long-term investment opportunity, with future redevelopment possibilities. TWO RENTAL UNITS. REGISTERED LEGAL SUITE. MAJOR UPGRADES. SUBSTANTIAL LOT. EXISTING RENTAL INCOME. An opportunity to add an established income-producing property to your investment portfolio while benefiting from the area's ongoing redevelopment. Minimum 24 hours' notice required for all showings. Utilities are around $500 winter and $300 summer. (id:67770)

Facts

Bedrooms
3
Bathrooms
2
Living area
951 sq ft
Home type
House
Year built
1910
Lot size
567 square meters
Parking
3
Property taxes
$3,810 (2026)
MLS® number
A2354739

Features

Heating
Forced air
Cooling
None
Basement
Finished, Full, Separate entrance, Suite
Flooring
Laminate, Carpeted, Linoleum
Appliances
Refrigerator, Dishwasher, Stove, Hood Fan, Washer & Dryer
Parking
Detached Garage
Exterior Features
Vinyl siding

Rooms

RoomLevelSize
OtherMain level5.17 Ft x 4.92 Ft
Living roomMain level14.92 Ft x 24.50 Ft
Dining roomMain level8.58 Ft x 9.92 Ft
OtherMain level11.25 Ft x 15.25 Ft
Primary BedroomMain level9.58 Ft x 17.08 Ft
4pc BathroomMain level6.67 Ft x 8.33 Ft
BedroomSecond level12.25 Ft x 19.25 Ft
OtherMain level12.17 Ft x 13.67 Ft
Laundry roomMain level6.75 Ft x 6.75 Ft
OtherBasement6.67 Ft x 7.50 Ft
KitchenBasement6.25 Ft x 10.00 Ft
Dining roomBasement9.33 Ft x 7.92 Ft
Living roomBasement8.67 Ft x 12.00 Ft
BedroomBasement12.00 Ft x 14.25 Ft
OtherBasement6.42 Ft x 4.17 Ft
4pc BathroomBasement6.58 Ft x 7.25 Ft
FurnaceBasement5.25 Ft x 10.75 Ft

Location

Listed by RE/MAX House of Real Estate

Powered by REALTOR.ca

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.