Overview
MLS® Number: A2334579
Type: Detached
Bedrooms: 5
Bathrooms: 2/0
Living Area: 940 sq. ft.
Lot Size: 5,102 Square Feet
Year Built: 1958
Community: Forest Lawn
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, playgrounds, 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!

Seller Brokerage: CIR Realty

Property Details
Size & Rooms
Total Above Grade940 sq. ft.
Below Grade896 sq. ft.
Main Level940 sq. ft.
Rooms Above Grade6
Beds Above Grade3
Beds Below Grade2
Beds on Main3
Room Dimensions
Room Level Dimensions
4pc Bathroom Main 10`10" x 5`2"
Bedroom Main 10`8" x 10`4"
Bedroom Main 12`2" x 10`0"
Bedroom - Primary Main 12`2" x 11`10"
Hall Main 9`10" x 3`0"
Kitchen With Eating Area Main 13`5" x 12`1"
Living Room Main 15`10" x 14`3"
3pc Bathroom Basement 7`1" x 6`5"
Bedroom Basement 12`7" x 11`6"
Bedroom Basement 10`5" x 10`3"
Furnace/Utility Room Basement 5`11" x 4`4"
Furnace/Utility Room Basement 1`10" x 1`5"
Game Room Basement 13`0" x 10`6"
Hall Basement 8`8" x 3`4"
Hall Basement 8`11" x 7`1"
Kitchen Basement 10`4" x 8`1"
Laundry Basement 12`7" x 7`3"
Storage Basement 7`8" x 3`8"
Bathrooms
4-Piece1
3-Piece1
EnsuiteNo
Construction
StyleBungalow
Exterior MaterialBrick
RoofShingle
FoundationBrick/Mortar
New ConstructionNo
Parking & Garage
Garage Stalls4
Total Parking4
FeaturesDouble Garage Detached, Off Street
Basement
TypeFull
DevelopmentFinished
FeaturesSeparate/Exterior Entry
Interior
HeatingCentral, Mid Efficiency, Forced Air, Natural Gas
CoolingNone
Fireplaces2 — Wood Burning
FlooringLaminate
LaundryLaundry Room
FeaturesCeiling Fan(s), Central Vacuum, No Animal Home, No Smoking Home, See Remarks, Separate Entrance, Storage, Vinyl Windows
AppliancesElectric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer
InclusionsNONE
Exterior & Lot
ExteriorGarden,Private Yard
FencingFenced
Patio / PorchPatio
Lot FeaturesBack Lane,Back Yard,Corner Lot,Front Yard,Garden,Landscaped,Lawn,Standard Shaped Lot,Street Lighting,Treed
Frontage50 ft.
CommunityPark,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Financial & Legal
Annual Tax$3,268 (2026)
PossessionImmediate
ZoningR-CG
TitleFee Simple
City Waste Collection
Black cart (Garbage) Fridays · Every 2 weeks
Blue cart (Recycling) Thursdays · Weekly
Green cart (Compost) Thursdays · Summer weekly, Winter every 2 weeks
Nearby Schools
Patrick Airlie School Public
Elementary (K-6)
0.1 km
Holy Trinity School Catholic
Elementary (K-6)
0.2 km
1.2 km

Browse all schools — nearest within 5 km per board type. Verify catchment with the school authority.

Suite: Yes — Basement
Suite type and legality are as reported on MLS®. Confirm zoning and permits before relying on suite income.
Garage dimensions: 25`6" x 23`5"
Finished area by level: Main 940 sq.ft.
Mortgage Calculator
Location
1502 40 Street SE, Forest Lawn, Calgary, AB
Get Directions
About Forest Lawn
AI-generated summary

Forest Lawn is one of Calgary's most culturally diverse and vibrant inner-east communities, known for its multicultural character, grassroots energy, and an increasingly active local arts and business scene.

International Avenue hosts the Global Fest fireworks festival, one of Canada's largest multicultural celebrations
Forest Lawn has been an area of focus for the City of Calgary's inner-city revitalisation efforts
Home prices here have historically been among the more affordable in the city compared to Calgary's inner-city average
Housing

The area features predominantly older single-family bungalows and bi-levels, with some low-rise apartments and infill development becoming more common.

Transit

Forest Lawn is served by several Calgary Transit bus routes along International Avenue (17th Avenue SE), offering reasonable connectivity to downtown and surrounding areas.

Amenities

International Avenue is the commercial heart of the community, lined with authentic ethnic restaurants, grocery stores, cafés, and independent shops reflecting the neighbourhood's multicultural makeup.

Who Lives Here

Forest Lawn attracts a mix of newcomers to Canada, long-time working-class families, and budget-conscious buyers drawn by some of Calgary's more attainable home prices.

This neighbourhood summary was generated by AI and is provided for general information only. Verify details with the City of Calgary and your REALTOR® before making decisions.

Neighbourhood Demographics
Statistics Canada 2021 Census · Dissemination Area
$31,600
Median household income
36.0
Median age
2.10
Avg household size
Tenure — 18.20% Own  ·  81.80% Rent
How people get to work
Drive 71.00% 🚌 Transit 16.10% 🚶 Walk/Bike 6.50% 🏠 WFH 6.50%
Education — 11.70% have a bachelor's degree or higher
Community Statistics
Calgary Police Service · City of Calgary Open Data

Annual disorder incidents reported in Forest Lawn. Disorder includes noise complaints, suspicious persons, public disturbances, and similar matters.

2020 2495 incidents
2021 2545 incidents
2022 2117 incidents
2023 1881 incidents
2024 1521 incidents
▼ 19.1% fewer incidents in 2024 vs the prior year.
Contact Agent
Robb Leece, REALTOR®
Robb Leece, REALTOR®
Graham Realty Inc. 403-478-4335 robbleece@gmail.com
Call 403-478-4335
Unlock More Data

Sign up free to see sold prices, days on market, price history and set listing alerts.

Get Free Access
Search Listings

About Forest Lawn

Full community profile
Forest Lawn is a diverse and evolving community in Calgary's southeast, known for its multicultural character and affordable housing options. This established neighbourhood offers a mix of residential properties and commercial amenities along its main corridors, making it an attractive choice for first-time buyers and families seeking value in the city.

AI-generated overview. Verify details independently.

Similar Properties in Forest Lawn

2025 40 Street SE
For Sale
Semi Detached (Half Duplex)

$315,000

2025 40 Street SE

Forest Lawn, Calgary

  • 3 Beds
  • 1/1 Baths
  • 1,205 sq. ft.
2008 41 Street SE
For Sale
Semi Detached (Half Duplex)

$549,000

2008 41 Street SE

Forest Lawn, Calgary

  • 5 Beds
  • 2/1 Baths
  • 1,141 sq. ft.
1506 36 Street SE
For Sale
Detached

$795,000

1506 36 Street SE

Forest Lawn, Calgary

  • 6 Beds
  • 2 Baths
  • 1,251 sq. ft.
1832 43 Street SE
For Sale
Detached

$439,900

1832 43 Street SE

Forest Lawn, Calgary

  • 1 Beds
  • 1 Baths
  • 945 sq. ft.
2622 42 Street SE
For Sale
Detached

$624,900

2622 42 Street SE

Forest Lawn, Calgary

  • 3 Beds
  • 1 Baths
  • 991 sq. ft.
1718 37 Street SE
For Sale
Detached

$645,000

1718 37 Street SE

Forest Lawn, Calgary

  • 3 Beds
  • 1 Baths
  • 861 sq. ft.