2401 40 Street Se, Calgary

$599,900

5 Beds
2 Baths
1,333 Sqft
.14 Acres
2 Garages

An incredible opportunity for investors, builders, and developers, this rare RC-G zoned CORNER LOT with a back lane spans 50 x 126 feet, offering the potential to develop a 4-plex with legal suites for up to eight units, subject to city approval. Located on a quiet street just a few blocks from schools, the property features a fully fenced oversized lot. The main floor includes two bedrooms, a full bathroom, a large living room, a sitting room, and a bright solarium overlooking the backyard. Basement features a separate entrance, with a kitchen, two bedrooms and bath. A single detached garage and ample street parking add convenience, while the surrounding area continues to grow with new developments along 17 Ave SE. Whether you're looking to build now or hold for future development, this property presents an exceptional chance to live, rent, and invest, with a long-term tenant already in place. Viewings are subject to an accepted offer. Don’t miss out on this prime development opportunity with endless potential—act now!

Essential Information
MLS® #A2202406
Price$599,900
Bedrooms5
Bathrooms2.00
Full Baths2
Square Footage1,333
Acres0.14
Year Built1959
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address2401 40 Street Se
SubdivisionForest Lawn
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2B1C1
Amenities
Parking Spaces2
ParkingDouble Garage Detached
# of Garages2
Interior
Interior FeaturesSee Remarks
HeatingForced Air
CoolingNone
Has BasementYes
BasementExterior Entry, Finished, Full
Appliances

Built-In Oven, Built-In Refrigerator, Dishwasher, Electric Cooktop, Oven, Refrigerator, Washer/Dryer, Window Coverings

Exterior
Exterior FeaturesNone
Lot DescriptionBack Lane, Corner Lot, Level
RoofAsphalt Shingle
FoundationPoured Concrete
Construction

Stucco, Vinyl Siding, Wood Frame

Additional Information
ZoningR-CG
Listing Details
OfficeKeller Williams BOLD Realty
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