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2040 47 Street SE
Forest Lawn Calgary T2B 1L3

$645,000
Residential beds: 4 baths: 2.0 1,049 sq. ft. built: 1959

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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2182979
Bedrooms:
4
Bathrooms:
2
Year Built:
1959
POTENTIAL, POTENTIAL, POTENTIAL! This massive corner lot is a prime investment opportunity with so much potential. This classic bungalow boasts nearly 2,000 sq ft of developed living space with a lot that’s over 50 feet wide. Located conveniently close to downtown and numerous amenities, this property offers unparalleled versatility for homeowners and investors alike. The home features a spacious main floor and a large illegal basement suite, perfect for those looking to maximize rental income. You can live upstairs while renting out the basement, or rent both units and create an opportunity to generate cash flow. The double detached garage adds further value and convenience. For developers, the potential is even greater. With proper permits, you can choose to transform this property into multi-family row housing – an ideal investment opportunity where you can choose to sell or rent the units. The huge lot and prime location make this property a rare find with significant future upside. Don't miss out on this exceptional property with so many possibilities. Whether you're looking to invest, develop, or create your dream home, this corner lot is full of opportunities!
Additional Images
Map Service
Sales Brochure
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,049 sq. ft.
Main Level Finished Area:
1,049 sq. ft.
Below Grade Finished Area:
716 sq. ft.
Lot Area:
6,609 sq. ft.
Lot Frontage:
54'⅛"
Front Exposure:
West
Levels:
One
Total Rooms Above Grade:
6
Year built:
1959 (Age: 65)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8779HP
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Driveway, Oversized
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
In Basement
Forest Lawn
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer
Basement: Refrigerator, Electric Stove, Hood Fan
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
17'6" × 11'2"
Main Floor
Dining Room
9'8" × 8'7"
Main Floor
Living Room
13'6" × 12'4"
Main Floor
Bedroom
14' × 9'11"
Main Floor
Bedroom
10'9" × 8'
Main Floor
Bedroom
10'3" × 8'8"
Basement
Kitchen
17'9" × 10'
Basement
Living Room
14'11" × 12'9"
Basement
Laundry
10'4" × 8'6"
Basement
Bedroom
16'9" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 6'10"
Basement
No
4
7'4" x 8'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Ceiling Fan(s), See Remarks
Exterior Features:
Other
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Corner Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-CG
Listed Date:
Dec 19, 2024
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Listed by Real Broker
Data was last updated December 25, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$409,450
Min list price:
$157,000
Max list price:
$900,000
Avg days on market:
48
Min days on market:
2
Max days on market:
452
Avg price per sq.ft.:
$518.93
These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations.
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Jerry Charlton - Realtor®
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.

Forest Lawn Calgary FAQs

What are the distinctive features of Forest Lawn?

Forest Lawn is a vibrant and culturally diverse community located in the southeast part of Calgary. Known for its rich history and as a hub of multiculturalism, Forest Lawn boasts a dynamic mix of residential, commercial, and cultural landscapes. The community offers a variety of local businesses, international restaurants, and unique shops, especially along the famous International Avenue (17th Avenue SE), which is a major artery of the area.

What types of housing can be found in Forest Lawn?

Forest Lawn provides a wide array of housing options, reflecting its diverse population. The community features everything from single-family homes and duplexes to apartment buildings and townhouses. Many of the homes are older, which adds a sense of character and history to the neighborhood. This variety makes Forest Lawn an accessible option for both renters and buyers at different price points.

What schooling options are available in Forest Lawn?

Forest Lawn offers several educational opportunities within its community boundaries. Forest Lawn High School is well-known for its diverse program offerings, including vocational training. Additionally, there are multiple public and Catholic elementary and junior high schools, such as Patrick Airlie School and Holy Trinity School, which provide quality education to younger residents.

How do residents of Forest Lawn typically commute?

Commuting from Forest Lawn is convenient due to its excellent transit connections and accessibility to major roadways. The community is well-serviced by Calgary Transit, with numerous bus routes running through the area, connecting residents to downtown Calgary and other parts of the city. For those who drive, easy access to major roads such as 17th Avenue SE and Deerfoot Trail facilitates quick travel across Calgary.

What amenities are available in Forest Lawn?

Forest Lawn is rich in amenities that cater to its culturally diverse population. The area is famous for its dining options, featuring cuisines from around the world along International Avenue. The community also has various parks, community centers, and recreational facilities that host many activities and programs. Additionally, shopping options range from local specialty stores to larger retailers, providing residents with a broad selection of goods and services.

What are popular events and activities in Forest Lawn?

Forest Lawn's community life is highlighted by its cultural events and festivals, particularly those that celebrate its ethnic diversity, such as the GlobalFest fireworks competition held annually at nearby Elliston Park. The community also organizes various cultural and street festivals along International Avenue, drawing visitors from across Calgary to experience its unique cultural offerings.

What sets Forest Lawn apart from other Calgary communities?

Forest Lawn stands out due to its cultural diversity and historical significance within Calgary. The community's spirit is encapsulated in its bustling International Avenue, which serves as a cultural mosaic of the city. Forest Lawn's affordable housing, combined with a strong sense of community and rich cultural scene, makes it an attractive and lively area for residents and visitors alike.

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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.