Calgary Real Estate East
1502 40 Street SE
Forest Lawn
Calgary
T2A 1K2
$649,900
Residential
beds: 5
baths: 2.0
940 sq. ft.
built: 1958
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2323322
- Bedrooms:
- 5
- Bathrooms:
- 2
- Year Built:
- 1958
- Photos (50)
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Welcome to this WELL-MAINTAINED BUNGALOW situated on a large lot in a convenient SE Calgary location. Offering over 1,700 SQ. FT. OF DEVELOPED LIVING SPACE, this property features 5 BEDROOMS, 2 FULL BATHROOMS, AN ILLEGAL BASEMENT SUITE, AND A MASSIVE OVERSIZED DOUBLE DETACHED GARAGE, making it an excellent opportunity for homeowners, multi-generational families, or savvy investors. The main floor offers approximately 880 SQ. FT. ABOVE GRADE and showcases a bright and spacious living room highlighted by a cozy fireplace, a functional kitchen with ample cabinetry and dining space, a generous PRIMARY BEDROOM, two additional bedrooms, and a full 4-piece bathroom. The fully developed basement features a SEPARATE ENTRANCE, its own kitchen, a large recreation/living area, 2 ADDITIONAL BEDROOMS, a 3-piece bathroom, laundry area, and plenty of storage space—providing excellent flexibility for extended family living or mortgage-helper potential. Recent upgrades include an UPGRADED WASHER AND DRYER and a NEWER HOT WATER TANK, offering added value and peace of mind. Additional conveniences include a CENTRAL VACUUM SYSTEM and a WHOLE-HOUSE WATER FILTRATION SYSTEM, enhancing everyday comfort and functionality. Outside, you'll appreciate the beautifully maintained yard, LARGE PRIVATE BACKYARD, expansive patio area, and an impressive OVERSIZED DOUBLE DETACHED GARAGE with approximately 597 SQ. FT. OF SPACE, perfect for vehicles, tools, hobbies, workshop use, or additional storage. Ample off-street parking further adds to the property's appeal. Ideally located close to schools, shopping, public transit, parks, playgrounds, major roadways, and downtown Calgary, this property offers the perfect blend of convenience, versatility, and income potential. Whether you're looking to live up and rent down, accommodate a growing or multi-generational family, or add a solid revenue property to your investment portfolio, this home delivers exceptional value and endless possibilities. DON'T MISS THIS INCREDIBLE OPPORTUNITY!
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Suite:
- Yes
- Num Legal Suites:
- 0
- Num Illegal Suites:
- 1
- Home Style:
- Bungalow
- Total Living Area:
- 940.46 sq. ft.87.4 m2
- Main Level Finished Area:
- 940.46 sq. ft.87.4 m2
- Below Grade Finished Area:
- 896.19 sq. ft.83.3 m2
- Acreage:
- No
- Lot Area:
- 5,102 sq. ft.474 m2
- Lot Frontage:
- 50'15.2 m
- Front Exposure:
- West
- Unit Exposure:
- West
- Levels:
- Bi-Level
- Total Rooms Above Grade:
- 6
- Year built:
- 1958 (Age: 68)
- Bedrooms:
- 5 (Above Grd: 3)
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 2
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Plan:
- 7113GW
- Heating:
- Central, Mid Efficiency, Forced Air, Natural Gas
- Basement:
- Full, Finished, Separate/Exterior Entry
- Foundation:
- Brick/Mortar
- New Constr.:
- No
- Construction Material:
- Brick
- Structure Type:
- House
- Roof:
- Shingle
- Ensuite:
- No
- Flooring:
- Laminate
- Cooling:
- None
- Fireplaces:
- 2
- Fireplace Details:
- Wood Burning
- Garage:
- Yes
- Garage Spaces:
- 4
- Parking:
- Double Garage Detached, Off Street
- Parking Places:
- 4
- Parking Total/Covered:
- 4 / -
- Laundry Features:
- Laundry Room
- Southeast
- Forest Lawn
- Electric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer
- NONE
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Bedroom
- 10'8"3.25 m × 10'4"3.15 m
- Main Floor
- Bedroom
- 12'2"3.71 m × 10'3.05 m
- Main Floor
- Hall
- 9'10"3.00 m × 3'.91 m
- Main Floor
- Kitchen With Eating Area
- 13'5"4.09 m × 12'1"3.68 m
- Main Floor
- Living Room
- 15'10"4.83 m × 14'3"4.34 m
- Main Floor
- Bedroom - Primary
- 12'2"3.71 m × 11'10"3.61 m
- Basement
- Bedroom
- 12'7"3.84 m × 11'6"3.51 m
- Basement
- Bedroom
- 10'5"3.18 m × 10'3"3.12 m
- Basement
- Hall
- 8'8"2.64 m × 3'4"1.02 m
- Basement
- Hall
- 8'11"2.72 m × 7'1"2.16 m
- Basement
- Kitchen
- 10'4"3.15 m × 8'1"2.46 m
- Basement
- Laundry
- 12'7"3.84 m × 7'3"2.21 m
- Basement
- Game Room
- 13'3.96 m × 10'6"3.20 m
- Basement
- Storage
- 7'8"2.34 m × 3'8"1.12 m
- Basement
- Furnace/Utility Room
- 5'11"1.80 m × 4'4"1.32 m
- Basement
- Furnace/Utility Room
- 1'10".56 m × 1'5".43 m
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 5'2" x 10'10"
- Basement
- No
- 3
- 6'5" x 7'1"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Interior Features:
- Ceiling Fan(s), Central Vacuum, No Animal Home, No Smoking Home, See Remarks, Separate Entrance, Storage, Vinyl Windows
- Exterior Features:
- Garden, Private Yard
- Patio And Porch Features:
- Patio
- Lot Features:
- Back Lane, Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Standard Shaped Lot, Street Lighting, Treed
- Num. of Parcels:
- 0
- Fencing:
- Fenced
- Region:
- Calgary
- Zone:
- CAL Zone E
- Zoning:
- R-CG
- Listed Date:
- Jun 23, 2026
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Larger map options:
Listed by CIR Realty
Data was last updated June 25, 2026 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 31
- Avg list price:
- $479,000
- Min list price:
- $115,000
- Max list price:
- $679,000
- Avg days on market:
- 29
- Min days on market:
- 2
- Max days on market:
- 311
- Avg price per sq.ft.:
- $510.2
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- Robert Hinsperger
- Urban Real Estate Services Ltd.
- 1 (403) 860-2107
- roberthinsperger@gmail.com
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.

