Welcome to your next investment opportunity in Calgary's vibrant Forest Lawn neighborhood! This dual tenancy, single-family dwelling presents a compelling proposition for savvy investors looking to capitalize on a robust rental market and future development potential.
Situated on a generous 493 sq meter lot with M-C1 zoning (soon to be R-CG with City of Calgary zoning changes), this property is currently fully rented, generating a solid income of $3,730 per month. The upper and lower levels, along with a separately rented garage, ensure steady cash flow from day one. Whether you're seeking a stable holding property or long-term rental income, this versatile asset offers both immediate returns and promising future possibilities.
The lot dimensions of 50' by 120' provide ample space for various development opportunities permitted under the new zoning, including potential infill projects. Forest Lawn is witnessing a surge in infill developments, making this property not only a lucrative income generator but also a strategic investment in Calgary's evolving real estate landscape.
Convenience is key with easy access to major transportation routes such as the BRT, Deerfoot Trail, and the Stoney ring road, facilitating seamless commutes across the city. East Hills Shopping Center, featuring popular retailers like Costco and Walmart, is just a short drive away, ensuring residents have all amenities at their fingertips.
For outdoor enthusiasts, Elliston Park is nearby, offering a picturesque setting for recreation and leisure activities. Whether your tenants enjoy outdoor festivals or serene walks by the lake, this location caters to diverse lifestyles.
Don't miss out on this exceptional opportunity to enter Calgary's booming real estate market. Whether you're a seasoned investor or exploring your first investment property, this dual tenancy home in Forest Lawn promises both immediate returns and future growth potential. Schedule your showing today and secure your stake in Calgary's dynamic property market!
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:
1,798 sq. ft.167.04 m2
Main Level Finished Area:
917 sq. ft.85.19 m2
Below Grade Finished Area:
881 sq. ft.81.85 m2
Lot Area:
5,306 sq. ft.492.94 m2
Lot Frontage:
43'6"13.25 m
Front Exposure:
West
Unit Exposure:
West
Levels:
One
Total Rooms Above Grade:
6
Year built:
1957
(Age: 67)
Bedrooms:
4
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
1883GR
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Linoleum, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
0
Parking:
Double Garage Detached, Front Drive, Gravel Driveway, Off Street, On Street
Parking Places:
2.0
Parking Total/Covered:
2 /
-
Laundry Features:
Common Area, In Basement
Forest Lawn
Dishwasher, Electric Range, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
N/A
Phone Listing Broker, Rental
Floor
Type
Size
Other
Main Floor
Bedroom
9'10"3.00 m × 8'9"2.67 m
Main Floor
Bedroom
8'11"2.72 m × 8'7"2.62 m
Main Floor
Dining Room
12'4"3.76 m × 5'9"1.75 m
Main Floor
Kitchen
16'9"5.11 m × 9'10"3.00 m
Main Floor
Living Room
15'3"4.65 m × 12'4"3.76 m
Main Floor
Bedroom - Primary
11'4"3.45 m × 9'8"2.95 m
Basement
Bedroom
13'2"4.01 m × 9'7"2.92 m
Basement
Den
9'2"2.79 m × 7'10"2.39 m
Basement
Kitchen
11'10"3.61 m × 9'3"2.82 m
Basement
Game Room
15'6"4.72 m × 11'6"3.51 m
Basement
Furnace/Utility Room
14'5"4.39 m × 11'2"3.40 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'7" x 4'10"
Basement
No
4
6'7" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Balcony, Dog Run, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, Patio, Rear Porch
Lot Features:
Back Lane, Back Yard, City Lot, Dog Run Fenced In, Fruit Trees/Shrub(s), Front Yard, Lawn, Interior Lot, Landscaped, Level, Street Lighting, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
M-C1
Listed Date:
Jun 17, 2024
Welcome to #1818, 42St SE, Calgary
Dual tenancies - both up and down
Mature trees and landscaping.
East facing, spacious backyard with detached garage.
Upstairs (main level) living room.
Main level living and dining space.
Living room with the primary bedroom off to the left.
Main level living and dining rooms.
Main level living space with dining room behind and primary bedroom to the immediate right.
Main level kitchen.
Upstairs Primary Bedroom.
Main level 2nd bedroom.
Upstairs back bedroom.
Upper (main level) bathroom.
Shared laundry facilities with brand new washer and dryer.
Lower (basement) bedroom.
Basement bedroom.
Basement recreation room or future living room.
Spacious basement living space.
Lower level, basement washroom.
Basement kitchen
Basement kitchen.
Basement kitchen.
Basement.
Basement den (storage sapce).
Looking NW towards downtown Calgary.
Looking NE
Bird's eye view.
Ariel picture of the property looking west.
Side parking with fenced yard.
Facing NW towards the read alley.
Detached garage with side access.
Photo 33 of 38
Photo 34 of 38
Elliston Park is close by - just head east on 17th Ave!
Data was last updated July 1, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$574,999
Min list price:
$174,900
Max list price:
$798,000
Avg days on market:
27
Min days on market:
2
Max days on market:
275
Avg price per sq.ft.:
$524.63
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.