1816 42 Street Se, Calgary

$474,900

3 Beds
2 Baths
850 Sqft
.12 Acres
2 Garages

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Investors and savvy buyers—this is a rare inner-city opportunity with M-C1 zoning, offering long-term redevelopment potential (multi-residential density, up to 4 storeys, subject to city approval). Pair that with an existing legal up/down suite, and you’ve got the best of both worlds: income today + upside tomorrow.

This beautifully maintained bungalow features 2 bedrooms and a 4-piece bath on the main level, plus a legal 1-bedroom basement suite with a 3-piece bath—ideal for investors, multi-generational living, downsizers, or owner-occupants wanting a reliable mortgage helper.

The main floor has been tastefully refreshed with warm vinyl plank flooring, fresh paint and trim, and refurbished kitchen cabinets, creating a bright and welcoming space. Downstairs, the fully finished legal suite offers excellent flexibility for rental income or extended family.

Outside, you’ll appreciate the large, level lot with extra rear/side parking (perfect for a boat or small RV), plus a double garage off the back lane for secure parking and storage. Added bonus: a new roof on both the house and garage (2024) for peace of mind.

Centrally located close to Deerfoot Tr, shopping, schools, and public transit make this home perfect for any family at any stage of life. Whether you’re building your portfolio, planning future redevelopment, or looking for a home that helps pay for itself, this one checks all the boxes.

Essential Information
MLS® #A2285724
Price$474,900
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage850
Acres0.12
Year Built1959
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address1816 42 Street Se
SubdivisionForest Lawn
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2B 1E9
Amenities
Parking Spaces2
# of Garages2
Parking

Alley Access, Double Garage Detached, Parking Pad, RV Access/Parking

Interior
Interior FeaturesSee Remarks
HeatingForced Air
CoolingNone
Has BasementYes
BasementFull
Appliances

Dryer, Electric Range, Garage Control(s), Range Hood, Refrigerator, Washer, Window Coverings

Exterior
Exterior FeaturesNone
RoofAsphalt Shingle
FoundationPoured Concrete
Lot Description

Back Lane, Back Yard, Landscaped, Low Maintenance Landscape, Rectangular Lot

Construction

Brick, Stucco, Vinyl Siding, Wood Frame

Additional Information
ZoningM-C1
Listing Details
OfficeReal Broker
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