Primary on Main
Address
1502 40 Street Se, Calgary, AB
Price
$ 580,000
Property Attributes
- ID#A2341465
- TypeSingle Family
- Listing Status Active
- MunicipalityCalgary
- CityCalgary
- AreaForest Lawn
- NeighbourhoodForest Lawn
- Postal CodeT2A 1K2
- StyleBungalow
- Year Built1958
- Price$ 580,000
- Bedrooms3+2
- Bathrooms2
- Half Bathrooms0
- Sqr Footage940
Data Source:
Canadian Real Estate Association (CREA)
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, 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:7434)
General Features
| Features | Treed, See remarks, Back lane, PVC window, No Animal Home, No Smoking Home |
|---|---|
| Property Type | Single Family |
| Zoning Description | R-CG |
| CommunityName | Forest Lawn |
| Amenities | Park, Playground, Schools, Shopping |
| Building Appliances | Refrigerator, Oven - Electric, Cooktop - Electric, Hood Fan, Washer & Dryer |
| Building Architectural Style | Bungalow |
| Building Basement Features | Separate entrance, Suite |
| Building Cooling Type | None |
| Parking Space Total | 4 |
| Foundation Type | Brick |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | True |
|---|---|
| Building Fireplace Total | 2 |
| Building Heating Type | Central heating, Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Flooring Type | Laminate |
| Living Area Range | 940 |
| Bedrooms | 3+2 |
Exterior Features
| Land Amenities | Park, Playground, Schools, Shopping |
|---|---|
| Landscape Features | Garden Area, Landscaped, Lawn |
| Exterior Finish | Brick |
| Fence Type | Fence |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 3pc Bathroom | 7.08 Ft x 6.42 Ft | Basement | ||
| 4pc Bathroom | 10.83 Ft x 5.17 Ft | Main level | ||
| Bedroom | 12.17 Ft x 10.00 Ft | Main level | ||
| Furnace | 1.83 Ft x 1.42 Ft | Basement | ||
| Hall | 9.83 Ft x 3.00 Ft | Main level | ||
| Kitchen | 10.33 Ft x 8.08 Ft | Basement | ||
| Laundry room | 12.58 Ft x 7.25 Ft | Basement | ||
| Living room | 15.83 Ft x 14.25 Ft | Main level | ||
| Other | 13.42 Ft x 12.08 Ft | Main level | ||
| Primary Bedroom | 12.17 Ft x 11.83 Ft | Main level | ||
| Recreational, Games room | 13.00 Ft x 10.50 Ft | Basement | ||
| Storage | 7.67 Ft x 3.67 Ft | Basement |
Amenities
- Views
- 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
Year Built
In The Neighbourhood
Primary On Main
Calgary
$ 500,000
- Type
- Single Family
- Size
- 1,028 SqFt
- Rooms
- 3 Beds + 2 Baths
eXp Realty
Open House
St. Albert
$ 464,900
- Type
- Single Family
- Size
- 1,280 SqFt
- Rooms
- 5 Beds + 2 Baths
RE/MAX Elite
Calgary
$ 499,900
- Type
- Single Family
- Size
- 974 SqFt
- Rooms
- 4 Beds + 2 Baths
Century 21 Bamber Realty LTD.
Primary On Main
Calgary
$ 499,900
- Type
- Single Family
- Size
- 974 SqFt
- Rooms
- 4 Beds + 2 Baths
Century 21 Bamber Realty LTD.
Golf Course
St. Albert
$ 449,900
- Type
- Single Family
- Size
- 1,042 SqFt
- Rooms
- 4 Beds + 2 Baths
Exp Realty
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Last Update: September 12, 2026 11:23 AM U
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2026 All rights reserved.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.