2401 40 Street SE
Calgary
T2B 1C1
$599,900
Residential
beds: 5
baths: 2.0
1,333 sq. ft.
built: 1959
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2202406
- Bedrooms:
- 5
- Bathrooms:
- 2
- Year Built:
- 1959
- Photos (35)
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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. Viewings are subject to an accepted offer. Don’t miss out on this prime development opportunity with endless potential—act now!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Suite - Illegal
- Home Style:
- Bungalow
- Total Living Area:
- 1,333.18 sq. ft.
- Lower Level Finished Area:
- Signup
- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
- Signup
- Lot Area:
- 6,307 sq. ft.
- Lot Frontage:
- 50'
- Acres Cleared:
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- Acres Cultivated:
- Signup
- Acres Irrigated:
- Signup
- Acres Leasehold:
- Signup
- Acres Not Cultivated:
- Signup
- Acres Freehold:
- Signup
- Acres Seeded:
- Signup
- Acres Tame Hay:
- Signup
- Acres Treed:
- Signup
- Acres Waste:
- Signup
- Acres Water Rights:
- Signup
- Front Exposure:
- East
- Reg. Size:
- Signup
- Reg. Size Includes:
- Signup
- Levels:
- One
- Total Rooms Above Grade:
- 8
- Year built:
- 1959 (Age: 66)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Plan:
- 7379HJ
- Heating:
- Forced Air
- Basement:
- Separate/Exterior Entry, Finished, Full
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Stucco, Vinyl Siding, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Ceramic Tile, Laminate, Linoleum
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- 1
- Garage Spaces:
- 2
- Parking:
- Double Garage Detached
- Parking Places:
- 2
- Parking Total/Covered:
- 2 / -
- Laundry Features:
- In Basement
- Forest Lawn
- Built-In Oven, Built-In Refrigerator, Dishwasher, Electric Cooktop, Oven, Refrigerator, Washer/Dryer, Window Coverings
- NA
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 33'1" × 30'11"
- Main Floor
- Bedroom
- 30'11" × 29'6"
- Main Floor
- Kitchen
- 62'7" × 33'1"
- Main Floor
- Living Room
- 43'6" × 31'9"
- Main Floor
- Living Room
- 56'4" × 42'5"
- Main Floor
- Office
- 61'6" × 27'1"
- Main Floor
- Bedroom - Primary
- 39'4" × 32'10"
- Main Floor
- Sunroom/Solarium
- 23' × 21'7"
- Basement
- Bedroom
- 39'1" × 37'2"
- Basement
- Kitchen
- 39'1" × 38'
- Basement
- Laundry
- 32'7" × 18'10"
- Basement
- Game Room
- 49'6" × 39'1"
- Basement
- Storage
- 27'4" × 8'9"
- Basement
- Bedroom
- 31'9" × 29'3"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 24'1" x 21'4"
- Basement
- No
- 4
- 19'11" x 21'4"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Interior Features:
- See Remarks
- Exterior Features:
- None
- Patio And Porch Features:
- None
- Lot Features:
- Back Lane, Corner Lot, Level
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone E
- Zoning:
- R-CG
- Listed Date:
- Mar 14, 2025
- Days on Mkt:
- Signup
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126x50' CORNER LOT -
CORNER LOT
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126 x 50 Feet
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Frontage
-
From Corner
-
Alley
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Kitchen
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Sunroom
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5 min Walk to Middle School, Ian Bazalgette
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5 Minb walk to Elementry, Valley View School
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Main Floorplan
-
Basement Floorplan
Listed by Keller Williams BOLD Realty
Data was last updated March 23, 2025 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 23
- Avg list price:
- $580,000
- Min list price:
- $157,000
- Max list price:
- $729,000
- Avg days on market:
- 17
- Min days on market:
- 1
- Max days on market:
- 539
- Avg price per sq.ft.:
- $572.32
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations.
- TENZIN NYIMA
- FIRST PLACE REALTY
- 1 (587) 8897271
- Contact by Email
T
N
Tenzin Nyima
First Place Realty
1822 10 Ave SW #305
Calgary, AB T3C 0J8