Attention investors and developers! This property is being sold together with 1516 47 St SE, creating a substantial 100' x 120' (12,000 sf) combined lot with immense development potential. There is potential to get up to 8 townhomes with 8 legal basement suites, for a total of 16 units. This redevelopment project could cater to Calgary's growing demand for housing. Currently featuring a LEGAL SUITED HOME, with tenants in place. The functional main floor offers a spacious living room, a bright white kitchen, a full bathroom, and three generously sized bedrooms. The lower level features a fully developed legal suite with its own separate entry, full kitchen, shared laundry, full bathroom, and one bedroom. The exterior of the home is equally impressive, with an oversized detached double garage, an additional parking pad, and a beautifully landscaped private yard perfect for entertaining. Whether you're an experienced builder or developer seeking your next project or an investor looking to capitalize on cash flow and future development possibilities, this offering is truly exceptional.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Suite - Legal
Home Style:
Bungalow
Total Living Area:
956 sq. ft.88.8 m2
Main Level Finished Area:
956 sq. ft.88.8 m2
Below Grade Finished Area:
797 sq. ft.74 m2
Lot Area:
5,995 sq. ft.557 m2
Lot Frontage:
50'15.2 m
Front Exposure:
West
Levels:
One
Total Rooms Above Grade:
5
Year built:
1953
(Age: 72)
Bedrooms:
4
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
6933GL
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 /
-
Laundry Features:
In Basement
Forest Lawn
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer
NA
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'4"3.45 m × 7'10"2.39 m
Main Floor
Bedroom
11'4"3.45 m × 9'6"2.90 m
Main Floor
Kitchen
14'5"4.39 m × 11'3"3.43 m
Main Floor
Living Room
16'4"4.98 m × 15'10"4.83 m
Main Floor
Bedroom - Primary
10'2"3.10 m × 10'1"3.07 m
Basement
Bedroom
11'11"3.63 m × 8'3"2.51 m
Basement
Kitchen
13'3.96 m × 11'9"3.58 m
Basement
Game Room
14'4.27 m × 14'4.27 m
Basement
Storage
3'8"1.12 m × 3'2".97 m
Basement
Furnace/Utility Room
12'3.66 m × 10'7"3.23 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6' x 5'
Basement
No
4
7'5" x 5'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Landscaped, Low Maintenance Landscape, Rectangular Lot
Data was last updated March 20, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$580,000
Min list price:
$157,000
Max list price:
$729,000
Avg days on market:
20
Min days on market:
3
Max days on market:
537
Avg price per sq.ft.:
$586.5
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.