INVESTOR, BUILDER, AND DEVELOPER ALERT! Don’t miss out on this exceptional opportunity to own a rare corner lot with a back lane, measuring 50 x 121.99 ft (15.23 x 37.18 meters) and zoned RC-G in a highly sought-after area. The lot size is approximately 6,092 sq. ft. (571 m²) in total. Whether you’re ready to develop or looking for a property to hold, this is the perfect investment!
This fantastic home offers incredible income potential with a LEGAL basement suite featuring a separate entrance for privacy and convenience. Upstairs, you’ll find a spacious 2-bedroom, 1-bathroom layout, while the lower level offers a fully self-contained 2-bedroom, 1-bathroom —ideal for tenants or guests. Both units share access to a laundry area, adding extra convenience for the tenants.
Enjoy the bright and welcoming sunroom, perfect for year-round relaxation, and a large, beautifully landscaped yard providing plenty of space for outdoor activities. The oversized, heated garage offers additional storage or workspace.
The potential is limitless – you can apply for a Development Permit (DP) to build a 4-plex with legal suites, offering a total of 8 units (subject to City of Calgary approval). The location is prime, just 1 block from 17 Ave, putting you in the heart of a vibrant neighborhood with close access to public transit, schools, restaurants, and shopping.
With huge growth potential and the opportunity for strong rental income, this is a fantastic buy, rent, and hold opportunity. Don’t wait—secure your future development project in this prime area today!
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:
906.1 sq. ft.84.2 m2
Main Level Finished Area:
906.1 sq. ft.84.2 m2
Below Grade Finished Area:
827.2 sq. ft.76.8 m2
Lot Area:
6,092 sq. ft.566 m2
Lot Frontage:
50'15.2 m
Front Exposure:
North
Unit Exposure:
North
Levels:
One
Total Rooms Above Grade:
6
Year built:
1959
(Age: 66)
Bedrooms:
4
(Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
2425AC
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Additional Parking, See Remarks, Single Garage Detached
Data was last updated April 6, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$565,000
Min list price:
$157,000
Max list price:
$729,000
Avg days on market:
20
Min days on market:
1
Max days on market:
554
Avg price per sq.ft.:
$552.91
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.