Property Details

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2040 47 Street SE
Calgary (A2209521)

$625,000
4
2
1,054 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Seize a remarkable opportunity in Forest Lawn with this strategically positioned corner lot bungalow, offering an impressive 2,000 square feet of living space on a substantial 54' x 120' R-CG zoned lot. This versatile property, one of the most affordable corner lots in the area, features a well-designed main floor with 3 bedrooms and a separate-entrance basement unit, generating potential rental income of $1,300 a month. Located just two blocks from vibrant International Avenue,, with schools, playgrounds, and grocery stores within walking distance, this property stands out with its ability to accommodate up to six vehicles in off-street parking. The R-CG zoning opens doors to multiple possibilities - perfect for first-time buyers seeking an affordable entry into homeownership, investors looking to maximize rental income (Potential of $$1800 for main floor and $1300 for the basement), or developers interested in multi-family row housing conversion (with proper permits). The property's strategic location, only 12 minutes drive to Downtown, combined with its development potential, generous lot size, and immediate income-generating capabilities, creates an unprecedented opportunity to secure a piece of Forest Lawn's promising future, making it an ideal investment whether you're starting your real estate journey, expanding your portfolio, or planning your next development project

Property details

Basic Info

MLS® #
A2209521
Property Type:
Residential
Subtype:
Detached
Subdivision:
Forest Lawn
Price
$625,000
Sale/Lease:
For Sale
Size:
1,054 sq.ft.
Bedrooms:
4
Bathrooms:
2
Year Built:
1959 (66 years old)

Building Info

Structure Type:
House
Building Style:
Bungalow
Garage:
Yes
Parking:
Double Garage Detached
Fence:
Fenced
Basement:
Full, Suite
Features:
No Animal Home, No Smoking Home
Inclusions:
none
Appliances:
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer
Laundry:
Common Area, In Basement
Exterior Features:
Other
Patio/Porch Features:
None

Neighborhood Info

Nearby Amenities:
Park, Playground, Schools Nearby, Shopping Nearby

Lot / Land Info

Lot Size:
0.15 acres
Lot Features:
Back Lane, Back Yard, Corner Lot, Level, No Neighbours Behind, Rectangular Lot
Zoning:
R-CG

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Stucco,Wood Frame,Wood Siding
Floors:
Ceramic Tile, Hardwood
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
None
Amenities:
Park, Playground, Schools Nearby, Shopping Nearby

Listing Info

Possession:
15 Days / Neg,Negotiable
Days on Market:
3
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Grassroots Realty Group Ltd.
1-833-477-6687

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