2401 40 Street SE
Calgary T2B1C1
MLS® Number: A2202406
$ 584,900
5
BEDROOMS
2 + 0
BATHROOMS
1,333
SQUARE FEET
1959
YEAR BUILT
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!
| COMMUNITY | Forest Lawn |
| PROPERTY TYPE | Detached |
| BUILDING TYPE | House |
| STYLE | Bungalow |
| YEAR BUILT | 1959 |
| SQUARE FOOTAGE | 1,333 |
| BEDROOMS | 5 |
| BATHROOMS | 2.00 |
| BASEMENT | Separate/Exterior Entry, Finished, Full |
| AMENITIES | |
| APPLIANCES | Built-In Oven, Built-In Refrigerator, Dishwasher, Electric Cooktop, Oven, Refrigerator, Washer/Dryer, Window Coverings |
| COOLING | None |
| FIREPLACE | N/A |
| FLOORING | Carpet, Ceramic Tile, Laminate, Linoleum |
| HEATING | Forced Air |
| LAUNDRY | In Basement |
| LOT FEATURES | Back Lane, Corner Lot, Level |
| PARKING | Double Garage Detached |
| RESTRICTIONS | None Known |
| ROOF | Metal |
| TITLE | Fee Simple |
| BROKER | Keller Williams BOLD Realty |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| 4pc Bathroom | 21`4" x 19`11" | Basement |
| Bedroom | 39`1" x 37`2" | Basement |
| Kitchen | 39`1" x 38`0" | Basement |
| Laundry | 32`7" x 18`10" | Basement |
| Game Room | 39`1" x 49`6" | Basement |
| Storage | 27`4" x 8`9" | Basement |
| Bedroom | 31`9" x 29`3" | Basement |
| 4pc Bathroom | 21`4" x 24`1" | Main |
| Bedroom | 30`11" x 33`1" | Main |
| Bedroom | 30`11" x 29`6" | Main |
| Kitchen | 33`1" x 62`7" | Main |
| Living Room | 43`6" x 31`9" | Main |
| Living Room | 42`5" x 56`4" | Main |
| Office | 61`6" x 27`1" | Main |
| Bedroom - Primary | 32`10" x 39`4" | Main |
| Sunroom/Solarium | 23`0" x 21`7" | Main |
