1502 40 Street SE
Calgary, AB, T2A 1K2
$599,900
5 Beds
2 Baths
940 SqFt
0.12 Acres
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MLS #A2334579 image #0
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&#39'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&#39'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&#39'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&#39'T MISS THIS INCREDIBLE OPPORTUNITY!

Property Details

Price:
$599,900
MLS #:
A2334579
Status:
Active
Beds:
5
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Forest Lawn
Listed Date:
Aug 4, 2026
Finished Sq Ft:
940
Lot Size:
5,102 sqft / 0.12 acres (approx)
Year Built:
1958
Forest LawnFullBack Lane,back Yard,corner Lot,front Yard,garden,landscaped,lawn,standard Shaped Lot,street Lighting,treed

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Schools

Interior

Appliances
Electric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer
Basement
Full
Bathrooms Full
2
Laundry Features
Laundry Room

Exterior

Exterior Features
Garden, Private Yard
Lot Features
Back Lane, Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Standard Shaped Lot, Street Lighting, Treed
Parking Features
Double Garage Detached, Off Street
Parking Total
4
Patio And Porch Features
Patio
Roof
Shingle

Financial

Map

Community

Subdivisions in Calgary

Market Summary

Current real estate data for Single Family in Calgary as of Aug 16, 2026
3,629
Single Family Listed
45
Avg DOM
492
Avg $ / SqFt
$859,461
Avg List Price

Property Summary

    Located in the Forest Lawn subdivision, 1502 40 Street SE Calgary AB is a Single Family for sale in Calgary, AB, T2A 1K2. It is listed for $599,900 and features 5 beds, 2 baths, and has approximately 940 square feet of living space, and was originally constructed in 1958. The current price per square foot is $638. The average price per square foot for Single Family listings in Calgary is $492. The average listing price for Single Family in Calgary is $859,461. To schedule a showing of MLS#a2334579 at 1502 40 Street SE in Calgary, AB, contact your Rob Johnstone agent at (403) 730-2330 .

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1502 40 Street SE
Calgary, AB