1502 40 Street Se, Calgary

$649,900

5 Beds
2 Baths
940 Sqft
.12 Acres
4 Garages

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!

Essential Information
MLS® #A2323322
Price$649,900
Bedrooms5
Bathrooms2.00
Full Baths2
Square Footage940
Acres0.12
Year Built1958
TypeResidential
Sub-TypeDetached
StyleBungalow
StatusActive
Community Information
Address1502 40 Street Se
SubdivisionForest Lawn
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2A 1K2
Amenities
Parking Spaces4
# of Garages4
Parking

Double Garage Detached, Off Street

Interior
CoolingNone
Has BasementYes
BasementFull
FireplaceYes
# of Fireplaces2
FireplacesWood Burning
Interior Features

Ceiling Fan(s), Central Vacuum, No Animal Home, No Smoking Home, See Remarks, Separate Entrance, Storage, Vinyl Windows

Appliances

Electric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer

Heating

Central, Mid Efficiency, Forced Air, Natural Gas

Exterior
Exterior FeaturesGarden, Private Yard
RoofShingle
ConstructionBrick
FoundationBrick/Mortar
Lot Description

Back Lane, Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Standard Shaped Lot, Street Lighting, Treed

Additional Information
ZoningR-CG
Listing Details
OfficeCIR Realty
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