1316 38 Street Se, Calgary

$599,900

4 Beds
2 Baths
956 Sqft
.14 Acres
2 Garages

Welcome to this beautifully updated home in the rapidly redeveloping community of Forest Lawn! Offering rental income potential of up to $3,700/month, this versatile property is perfect for homeowners looking to live upstairs and rent downstairs or for investors seeking strong cash flow. Sitting on a large lot with future multi-family development possibilities, this home presents an excellent opportunity in a thriving neighborhood. The main floor boasts a bright and inviting open-concept layout, where a stylish feature wall in the living area adds character and charm. The space flows seamlessly into the dining area and a modern kitchen equipped with sleek finishes and stainless steel appliances. Three spacious bedrooms provide comfortable living, including one with direct access to a large deck—perfect for relaxing or entertaining. A beautifully updated 4-piece bathroom completes this level. Another separate rear entrance leads to the common laundry area and an income-generating illegal basement suite. The illegal basement suite features a generous living and dining area, a full kitchen, and a 4-piece bath. The large bedroom has the potential to be converted into two bedrooms, further maximizing rental income. Additional highlights include an oversized detached garage plus two extra parking spots in the back, with plenty of street parking available. Located in a community undergoing significant redevelopment, this home is close to top amenities, schools, shopping, dining, and public transit, with easy access to downtown. With its strong rental potential, future redevelopment possibilities, and prime location, this property is a must-see! Book your showing today!

Essential Information
MLS® #A2203298
Price$599,900
Bedrooms4
Bathrooms2.00
Full Baths2
Square Footage956
Acres0.14
Year Built1958
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address1316 38 Street Se
SubdivisionForest Lawn
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2A 1G5
Amenities
Parking Spaces4
# of Garages2
Parking

Double Garage Detached, Parking Pad, Off Street

Interior
HeatingForced Air
CoolingNone
Has BasementYes
Interior Features

Closet Organizers, See Remarks, Separate Entrance, Storage, French Door

Appliances

Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer

Basement

Exterior Entry, Finished, Full, Suite

Exterior
RoofAsphalt Shingle
ConstructionWood Frame
FoundationPoured Concrete
Exterior Features

Balcony, Other, Private Entrance, Private Yard, Storage

Lot Description

Back Lane, Back Yard, City Lot, Front Yard, Lawn, Street Lighting, Few Trees, See Remarks

Additional Information
ZoningR-CG
Listing Details
OfficeReal Broker
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