1502 40 Street SE, Calgary, AB T2A 1K2 (MLS # A2323322)

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PRICE $649,900 dsIDX morgage calculator
BEDS 5
BATHS 2
HOME SIZE 940 sqft
LOT SIZE 5,228 sqft

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, AN ILLEGAL BASEMENT SUITE, 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!

DAYS ON MARKET Login to view Days on Market LAST UPDATED 6/23/2026
TRACT Forest Lawn YEAR BUILT 1958
GARAGE SPACES 2.0 COUNTY Calgary
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR None
APPLIANCES Electric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer
BASEMENT Exterior Entry, Finished, Full, Yes
CONSTRUCTION Brick
EXTERIOR Garden, Private Yard
FIREPLACE Yes
GARAGE Yes
HEAT Central, Forced Air, Natural Gas
INTERIOR Ceiling Fan(s), Central Vacuum, See Remarks, Storage
LOT 5227 sq ft
LOT DESCRIPTION Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Wooded
PARKING Off Street, Garage
STYLE Bungalow
SUBDIVISION Forest Lawn
TAXES 3268
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 1502 40 STREET SE
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Listed with CIR Realty

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Data last updated 6/24/26 12:08 AM PDT

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