For Sale: 2622 42 Street SE, Calgary, AB - REW
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$624,900
3 bd • 1 ba • 991 sf • House
2622 42 Street SE
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$624,900
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2622 42nd Street SECalgary, AB, T2B 1G7

Forest Heights
  • 3 Bed
  • 1 Bath
  • 991 Sqft
  • House

About this home

An exceptional opportunity for developers, investors, and builders in a rapidly transforming inner-city corridor. Situated on a large 50' x 122' RC-G lot, this property comes with Development Permit (DP) approval from the City of Calgary for an 8-unit residential project, allowing you to fast-track your next development. This lot is exception for building as its a flat lot with no power poles and very few trees. The surrounding area is experiencing significant revitalization, with numerous newly completed and approved multi-family projects nearby, making this an outstanding investment in one of southeast Calgary's emerging redevelopment pockets. The existing bungalow offers excellent holding income while you plan your project, featuring 3 bedrooms on the main floor and a 2-bedroom illegal basement suite with a separate entrance. Recent updates include new shingles on both the house and detached garage as well as a new sewer line from the home to the city connection. The main floor showcases original hardwood flooring beneath the living room carpet, a cozy wood-burning fireplace, a spacious kitchen and dining area, three generous bedrooms, and a full bathroom. The basement includes a shared laundry area, full kitchen, large living room, two bedrooms, a 3-piece bathroom, and additional storage. Perfectly positioned at 2622 42 Street SE, this property offers exceptional convenience with schools, parks, playgrounds, public transit, and shopping all within walking distance. Residents will appreciate quick access to 17 Avenue SE (International Avenue), a vibrant destination known for its diverse restaurants, cafés, grocery stores, and everyday amenities. Major routes including Memorial Drive, Deerfoot Trail, and Stoney Trail provide easy commuting throughout Calgary, while downtown is just a short drive away. Whether you're looking to develop immediately with an approved 8-unit project, hold as an income-producing property, or renovate for future appreciation, opportunities like this are becoming increasingly rare. Don't miss your chance to secure a prime redevelopment property in a thriving, high-growth location.
Listed by: Robby Khun Khun, Real Broker

Home facts and features

Price details
List Price
$624,900
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Home facts
Bedrooms
3
Full Bathrooms
1
Parking Spaces
2
Property Type
House
Lot Size
6099 ft²
Frontage
50.00 ft
Year Built
Built in 1959 (67 yrs old)
Style
Bungalow
Heating Type
Forced Air
Basement Details
Full
Features
Back Lane, Back Yard, In Basement, Park, Schools Nearby, Sidewalks, Street Lights
Amenities
Playground, Shopping Nearby
Appliances
Oven, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
Real Broker
Listing details
Days on REW
1 Day
MLS® Number
A2335671
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Valley View School
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Ian Bazalgette School
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Holy Cross Elementary Junior High School
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Erin Woods School
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Almadina Language Charter Academy (Mountain View Campus)
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Niitsitapi Learning Centre
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West Dover School
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St. Damien School
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Calgary Islamic School (Omar Bin Al-Khattab Campus)
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Marlborough School
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School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Robby Khun Khun
Phone:
(403) 669-6360
Office:
855-623-6900
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