For Sale: 1502 40 Street SE, Calgary, AB - REW
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$580,000
5 bd • 2 ba • 941 sf • House
1502 40 Street SE
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$580,000
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1502 40th Street SECalgary, AB, T2A 1K2

Forest Heights
  • 5 Bed
  • 2 Bath
  • 941 Sqft
  • House

About this home

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!
Listed by: Peter Pasion, CIR Realty

Home facts and features

Price details
List Price
$580,000
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Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
4
Property Type
House
Lot Size
5228 ft²
Frontage
50.00 ft
Year Built
Built in 1958 (68 yrs old)
Style
Bungalow
Heating Type
Central,Mid Efficiency,Forced Air,Natural Gas
Basement Details
Full
Features
Back Lane, Back Yard, Ceiling Fan(s), Central Vacuum, Corner Lot, Front Yard, Garden, Landscaped, Laundry Room, Lawn, No Animal Home, No Smoking Home, Park, Private Yard, Schools Nearby, See Remarks, Separate Entrance, Sidewalks, Standard Shaped Lot, Street Lighting, Street Lights, Treed, Vinyl Windows, Wood Burning
Amenities
Playground, Shopping Nearby, Storage
Appliances
Electric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer
Community
Agent details
Primary Agent
Primary Broker
CIR Realty
Secondary Agent
Secondary Broker
CIR Realty
Listing details
Days on REW
6 Days
Property Views
19
MLS® Number
A2341465
Source
Pillar 9
Board
Calgary Real Estate Board
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Patrick Airlie School
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  • In Catchment
Holy Trinity School
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  • In Catchment
Forest Lawn High School
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Ernest Morrow School
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Sanctuary Outreach School
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Father Lacombe School
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Holy Family School
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Sir Wilfrid Laurier School
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Bishop Kidd School
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Junior High Fresh Start Outreach Program
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Call Agent
Peter Pasion
Phone:
(403) 702-4205
Office:
403-291-4440
Zonia Pasion
Phone:
(403) 796-4488
Office:
403-291-4440
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