Address
1502 40 Street Se, Calgary, AB
Price
$ 580,000
Property Attributes
- ID#A2341465
- TypeSingle Family
- Listing Status Active
- CityCalgary
- AreaCAL Zone E
- NeighbourhoodForest Lawn
- Postal CodeT2A 1K2
- StyleBungalow
- Year Built1958
- Price$ 580,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage940
- Lot Size0.117126 Acres
Data Source:
Pillar 9 Technologies
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!
| Price History | |
|---|---|
| 8/31/2026 | Listed $580,000 |
General Features
| Heating | Central,Mid Efficiency,Forced Air,Natural Gas |
|---|---|
| Cooling | None |
| Roof | Shingle |
| Appliances | Electric Cooktop,Electric Oven,Range Hood,Refrigerator,Washer/Dryer |
| Zoning | R-CG |
| Number of Garage Spaces | 4 |
| Restrictions | None Known |
| Year Built | 1958 |
| Architectural Style | Bungalow |
| Community Features | Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights |
| Levels | Bi-Level |
| Property Subtype | Detached |
| Transaction Type | For Sale |
| County | Calgary |
| Property Type | Residential |
| Subdivision Name | Forest Lawn |
| Parking Total | 4 |
| Construction Materials | Brick |
| District | CAL Zone E |
| Full Baths | 2 |
| Status | Active |
| City | Calgary |
| Basement Development | Finished |
| Virtual Tour URL Unbranded | https://drive.google.com/file/d/1s2TevL-msOx5FBYe9KnKrLBWbDHDfvFm/view?ts=6a39aa0c |
| Structure Type | House |
| Virtual Tour URL Branded | https://youriguide.com/1502_40_st_se_calgary_ab/ |
| Standard Status | Active |
| Condo Type | Not a Condo |
| Suite | Yes |
Interior Features
| Interior Features | Ceiling Fan(s),Central Vacuum,No Animal Home,No Smoking Home,See Remarks,Separate Entrance,Storage,Vinyl Windows |
|---|---|
| Basement | Full |
| Flooring | Laminate |
| Fireplace Features | Wood Burning |
| Fireplaces Total | 2 |
| Basement Features | Separate/Exterior Entry |
| Bedrooms Above Grade | 3 |
| Rooms Above Grade | 6 |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 896.19 |
| Below Grade Finished Area Unit Type | SquareFeet |
| Total Baths | 2 |
| Laundry Features | Laundry Room |
| Main Level Finished Area | 940.46 |
| Main Level Finished Area Metres | 87.37 |
| Main Level Finished Area SF | 940.46 |
| Main Level Finished Area Srch Sq | 940.46 |
| Main Level Areas | SquareFeet |
Exterior Features
| Exterior Features | Garden,Private Yard |
|---|---|
| Lot Features | Back Lane,Back Yard,Corner Lot,Front Yard,Garden,Landscaped,Lawn,Standard Shaped Lot,Street Lighting,Treed |
| Fencing | Fenced |
| Inclusions | N/A |
| Parking Features | Double Garage Detached,Off Street |
| Frontage Length | 15.24M 50`0 |
| Foundation | Brick/Mortar |
| Lot Size Acres | 0.12 |
| Garage Y/N | Yes |
| Lot Size Square Feet | 5102 |
| Frontage Ft | 50.00 |
| Patio And Porch Features | Patio |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in T2A 1K2
Price
Year Built
Visits
In The Neighbourhood
Calgary
$ 499,900
- Type
- Single Family
- Size
- 974 SqFt
- Rooms
- 4 Beds + 2 Baths
Century 21 Bamber Realty LTD.
Calgary
$ 315,000
- Type
- Single Family
- Size
- 1,205 SqFt
- Rooms
- 3 Beds + 1.5 Baths
Real Estate Professionals Inc.
Reduced
Calgary
$ 529,900
- Type
- Single Family
- Size
- 977 SqFt
- Rooms
- 5 Beds + 2 Baths
RE/MAX Real Estate (Mountain View)
Reduced
Calgary
$ 429,999
- Type
- Single Family
- Size
- 889 SqFt
- Rooms
- 4 Beds + 2.5 Baths
RE/MAX Real Estate (Mountain View)
Reduced
Calgary
$ 575,000
- Type
- Single Family
- Size
- 857 SqFt
- Rooms
- 1 Beds + 1 Baths
The Real Estate District
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 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.
Last Update: September 14, 2026 7:48 AM UT
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2026 All rights reserved.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of
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.