1502 40 St. SE | Forest Lawn | Calgary

1502 40 Street | Forest Lawn

Beds
3 2
Baths
2.0
Sqft
940
Lot Sqft
5,102
Year Built
1958
Days Listed
62
Type
Detached
Status
Active
Garage
Yes
Foundation
See Details
Condo Fee
No
Price Change
None

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!

MLS ® #: A2341465
Listing Office: CIR Realty
Date Listed: August 30, 2026 - 62 days on site
Last Updated: Oct 31, 2026 11:25am MST

$580,000

Details

Style:
bungalow

Garage Size:
4

Interior:
ceiling fan(s), central vacuum, no animal home, no smoking home, see remarks, separate entrance, storage, vinyl windows

Exterior:
garden, private yard

Lot:
back lane, back yard, corner lot, front yard, garden, landscaped, lawn, standard shaped lot, street lighting, treed

Parking/Garage:
double garage detached, off street

Frontage (feet):
50.00

Even More Details

Taxes:
$0

Foundation:
brick/mortar

Construction:
brick

Flooring:
laminate

Roof:
shingle

Heating:
central,mid efficiency,forced air,natural gas

Inclusions:
n/a

Room Sizes

4pc Bathroom

10`10" x 5`2"

Bedroom

10`8" x 10`4"

Bedroom

12`2" x 10`0"

Hall

9`10" x 3`0"

Kitchen With Eating Area

13`5" x 12`1"

Living Room

15`10" x 14`3"

Bedroom - Primary

12`2" x 11`10"

3pc Bathroom

7`1" x 6`5"

Bedroom

12`7" x 11`6"

Bedroom

10`5" x 10`3"

Hall

8`8" x 3`4"

Hall

8`11" x 7`1"

Kitchen

10`4" x 8`1"

Laundry

12`7" x 7`3"

Game Room

13`0" x 10`6"

Storage

7`8" x 3`8"

Furnace/Utility Room

5`11" x 4`4"

Furnace/Utility Room

1`10" x 1`5"

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