1816 42 Street SE
Calgary, AB, T2B 1E9
$474,900
3 Beds
2 Baths
850 SqFt
0.12 Acres
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MLS #A2285724 image #0
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Investors and savvy buyers—this is a rare inner-city opportunity with M-C1 zoning, offering long-term redevelopment potential (multi-residential density, up to 4 storeys, subject to city approval). Pair that with an existing legal up/down suite, and you’ve got the best of both worlds: income today + upside tomorrow.

This beautifully maintained bungalow features 2 bedrooms and a 4-piece bath on the main level, plus a legal 1-bedroom basement suite with a 3-piece bath—ideal for investors, multi-generational living, downsizers, or owner-occupants wanting a reliable mortgage helper.

The main floor has been tastefully refreshed with warm vinyl plank flooring, fresh paint and trim, and refurbished kitchen cabinets, creating a bright and welcoming space. Downstairs, the fully finished legal suite offers excellent flexibility for rental income or extended family.

Outside, you’ll appreciate the large, level lot with extra rear/side parking (perfect for a boat or small RV), plus a double garage off the back lane for secure parking and storage. Added bonus: a new roof on both the house and garage (2024) for peace of mind.

Centrally located close to Deerfoot Tr, shopping, schools, and public transit make this home perfect for any family at any stage of life. Whether you’re building your portfolio, planning future redevelopment, or looking for a home that helps pay for itself, this one checks all the boxes.

Property Details

Price:
$474,900
MLS #:
A2285724
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Forest Lawn
Listed Date:
Feb 12, 2026
Finished Sq Ft:
850
Lot Size:
5,306 sqft / 0.12 acres (approx)
Year Built:
1959
Forest LawnAlley Access,double Garage Detached,parking Pad,rv Access/parkingFullBack Lane,back Yard,landscaped,low Maintenance Landscape,rectangular Lot

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Schools

Interior

Appliances
Dryer, Electric Range, Garage Control(s), Range Hood, Refrigerator, Washer, Window Coverings
Basement
Full
Bathrooms Full
2
Laundry Features
In Basement

Exterior

Exterior Features
None
Lot Features
Back Lane, Back Yard, Landscaped, Low Maintenance Landscape, Rectangular Lot
Parking Features
Alley Access, Double Garage Detached, Parking Pad, RV Access/Parking
Parking Total
2
Patio And Porch Features
Patio
Roof
Asphalt Shingle

Financial

Map

Community

Subdivisions in Calgary

Market Summary

Current real estate data for Single Family in Calgary as of Feb 14, 2026
2,684
Single Family Listed
44
Avg DOM
474
Avg $ / SqFt
$843,107
Avg List Price

Property Summary

    Located in the Forest Lawn subdivision, 1816 42 Street SE Calgary AB is a Single Family for sale in Calgary, AB, T2B 1E9. It is listed for $474,900 and features 3 beds, 2 baths, and has approximately 850 square feet of living space, and was originally constructed in 1959. The current price per square foot is $559. The average price per square foot for Single Family listings in Calgary is $474. The average listing price for Single Family in Calgary is $843,107. To schedule a showing of MLS#a2285724 at 1816 42 Street SE in Calgary, AB, contact your Rob Johnstone agent at (403) 730-2330 .

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1816 42 Street SE
Calgary, AB