Calgary, AB T2B1C1,2401 40 ST SE
Calgary, AB T2B1C1,2401 40 ST SE
Calgary, AB T2B1C1,2401 40 ST SE
Calgary, AB T2B1C1,2401 40 ST SE
Calgary, AB T2B1C1,2401 40 ST SE
Calgary, AB T2B1C1,2401 40 ST SE
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$575,000

$584,900

1.7%
Est.Price: ?

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Est. payment /mo

5 Beds

2 Baths

1,333 SqFt


SOLD DATE : 07/15/2025

Key Details

Sold Price $575,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,333 sqft

Price per Sqft $431

Subdivision Forest Lawn

MLS® Listing ID A2232544

Sold Date 07/15/25

Style Bungalow

Bedrooms 5

Full Baths 2

Year Built 1959

Annual Tax Amount $3,077

Tax Year 2025

Lot Size 6,307 Sqft

Acres 0.14

Property Sub-Type Detached

Source Calgary

Property Description

An incredible opportunity for investors, builders, and developers, this rare RC-G zoned CORNER LOT with a back lane spans 50 x 126 feet, offering the potential to develop a 4-plex with legal suites for up to eight units, subject to city approval. Located on a quiet street just a few blocks from schools, the property features a fully fenced oversized lot. The main floor includes two bedrooms, a full bathroom, a large living room, a sitting room, and a bright solarium overlooking the backyard. Basement features a separate entrance, with a kitchen, two bedrooms and bath. A single detached garage and ample street parking add convenience, while the surrounding area continues to grow with new developments along 17 Ave SE. Whether you're looking to build now or hold for future development, this property presents an exceptional chance to live, rent, and invest, with a long-term tenant already in place. Don't miss out on this prime development opportunity with endless potential—act now!

Location

Province AB

County Calgary

Area Cal Zone E

Zoning R-CG

Direction E

Rooms

Basement Separate/Exterior Entry, Finished, Full

Interior

Interior Features See Remarks

Heating Forced Air

Cooling None

Flooring Carpet, Ceramic Tile, Laminate, Linoleum

Appliance Built-In Oven, Built-In Refrigerator, Dishwasher, Electric Cooktop, Oven, Refrigerator, Washer/Dryer, Window Coverings

Laundry In Basement

Exterior

Parking Features Double Garage Detached

Garage Spaces 2.0

Garage Description Double Garage Detached

Fence Fenced

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Roof Type Metal

Porch None

Lot Frontage 50.0

Total Parking Spaces 2

Building

Lot Description Back Lane, Corner Lot, Level

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Stucco,Vinyl Siding,Wood Frame

Others

Restrictions None Known

Tax ID 101681512

Ownership Private

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Justin Newman

Justin Newman

Happy House Hunting

+1(403) 668-1272

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Keller Williams BOLD Realty

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agent

Justin Newman

License ID: 00540392

+1(403) 668-1272

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REVIEWS & TESTIMONIALS

Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.

Gyann Yiu

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