Calgary, AB T2B 1B7,2002 40 ST SE
Calgary, AB T2B 1B7,2002 40 ST SE
Calgary, AB T2B 1B7,2002 40 ST SE
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$645,000

$599,900

7.5%
Est.Price: ?

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Est. payment /mo

3 Beds

1 Bath

949 SqFt


SOLD DATE : 06/11/2024

Key Details

Sold Price $645,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 949 sqft

Price per Sqft $679

Subdivision Forest Lawn

MLS® Listing ID A2139542

Sold Date 06/11/24

Style Bungalow

Bedrooms 3

Full Baths 1

Originating Board Calgary

Year Built 1961

Annual Tax Amount $2,519

Tax Year 2024

Lot Size 6,092 Sqft

Acres 0.14

Property Description

AN INCREDIBLE OPPORTUNITY FOR Investors, Builders, and Developers! This is your AMAZING CHANCE to own a rare CORNER LOT with BACK LANE, measuring 50 x 122 FT, and zoned RC-G. Imagine the potential – you can apply for a Development Permit (DP) and build a 4-PLEX WITH LEGAL SUITES, creating a total of 8 UNITS (subject to City of Calgary approval).

Location is key, and this property is situated just 1 BLOCK FROM 17 AVE, placing you in the heart of a vibrant and sought-after area. The existing home is a charming bungalow with 3 bedrooms on the main level, offering comfortable living space. A separate side entrance leads to an illegal basement suite, providing additional living space or rental potential.

Not ready to build right now? No problem. This property presents a fantastic opportunity to BUY, RENT, AND HOLD, allowing you to generate rental income while you plan your development project. The potential for growth and return on investment is substantial.

This property is sold as-is, where-is, giving you the chance to shape it to your vision. It's the first time this property has been listed on MLS, making it a unique and rare find in today's market. Don’t miss out on this exceptional opportunity to invest in a prime location with endless possibilities. Secure your future development project today!

Location

Province AB

County Calgary

Area Cal Zone E

Zoning R-CG

Direction W

Rooms

Basement Separate/Exterior Entry, Finished, Full, Suite

Interior

Interior Features See Remarks

Heating Forced Air

Cooling None

Flooring Hardwood

Appliance None

Laundry None

Exterior

Garage Double Garage Detached

Garage Spaces 2.0

Garage Description Double Garage Detached

Fence Fenced

Community Features None

Roof Type Asphalt Shingle

Porch None

Lot Frontage 49.97

Total Parking Spaces 2

Building

Lot Description Back Lane, Back Yard, Corner Lot, Rectangular Lot

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Vinyl Siding

Others

Restrictions None Known

Tax ID 91731950

Ownership Private

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Listed by RE/MAX Real Estate (Central)

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Robyn Schidlowsky

+1(403) 689-2255

Agent | License ID: 2002460

Agent License ID: 2002460

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