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1502 40 Street SE

Calgary, AB T2A 1K2
  • $580,000
  • STATUS: Active
  • ID#: A2341465
New
UPDATED: 9 min ago
$580,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 940
    SQFT
  • $617
    $/SQFT
Neighbourhood:
Type:
Single-Family Home
Built:
1958
Area:

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!

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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 last updated: 2026-09-06T19:30:26.957.
www.urbanhavenyyc.ca/homes/180732447
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1502 40 Street SE Calgary, AB T2A 1K2

  • Price: $580,000
  • Status: Active
  • On Site: Days
  • Updated: 9 min ago
  • ID#: A2341465
5
Beds
2
Baths
0
½ Baths
0.12
Acres
940
SQFT
$617
$/SQFT
1958
Built
Neighbourhood:
Forest Lawn
Area:
Calgary
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, 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!
Exterior Features

Architectural Style Bungalow Construction Materials Brick Exterior Features GardenPrivate Yard Fencing Fenced Foundation Details Brick/Mortar Frontage Length 15.24M 50`0" Garage YN Yes Levels Bi-Level Parking Features Double Garage DetachedOff Street Parking Total 4 Patio And Porch Features Patio Roof Shingle Structure Type House Unit Exposure W

Interior Features

Appliances Electric CooktopElectric OvenRange HoodRefrigeratorWasher/Dryer Basement Full Basement Development Finished Basement Features Separate/Exterior Entry Bedrooms Above Grade 3 Bedrooms Below Grade 2 Bedrooms On Main 3 Below Grade Finished Area 896.19 Cooling None Ensuite YN No Fireplace Features Wood Burning Fireplaces Total 2 Five Piece Bath 0 Five Piece Ensuite Bath 0 Flooring Laminate Four Piece Bath 1 Four Piece Ensuite Bath 0 Heating CentralMid EfficiencyForced AirNatural Gas Interior Features Ceiling Fan(s)Central VacuumNo Animal HomeNo Smoking HomeSee RemarksSeparate EntranceStorageVinyl Windows Laundry Features Laundry Room Num Ensuite Baths 0 Rooms 4pc Bathroom (Main) Bedroom (Main) Bedroom (Main) Hall (Main) Kitchen With Eating Area (Main) Living Room (Main) Bedroom - Primary (Main) 3pc Bathroom (Basement) Bedroom (Basement) Bedroom (Basement) Hall (Basement) Hall (Basement) Kitchen (Basement) Laundry (Basement) Game Room (Basement) Storage (Basement) Furnace/Utility Room (Basement) Furnace/Utility Room (Basement) Rooms Above Grade 6 Six Piece Bath 0 Six Piece Ensuite Bath 0 Suite Yes Suite Details Basement Suite Location Suite Attached/Within Primary Dwelling Three Piece Bath 1 Three Piece Ensuite Bath 0 Two Piece Bath 0 Two Piece Ensuite Bath 0

Property Features

Acreage YN No Additional Parcels YN No Association YN No Association2 YN No Community Features ParkPlaygroundSchools NearbyShopping NearbySidewalksStreet Lights Condo Type Not a Condo Direction Faces W Inclusions N/A Lot Features Back LaneBack YardCorner LotFront YardGardenLandscapedLawnStandard Shaped LotStreet LightingTreed New Construction YN No One Piece Bath 0 Property Sub Type Detached Restrictions None Known Title Land Fee Simple Transaction Type For Sale Zoning R-CG

Listing provided courtesy of CIR Realty. © 2026 Pillar 9™. All Rights Reserved.
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 last updated: 2026-09-06T19:30:26.957.
 
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Tanya Hamilton and Kelly Pocock | CIR Realty
703 64 Ave SE #130
Calgary AB, T2H 2C3