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Peter Appleby

Call Direct 403-461-4141

BUY, SELL, INVEST



 
Data Last Updated July 12, 2026, 11:28 am

 
Courtesy of CIR Realty

Forest Lawn Bungalow
Bedrooms 5 Bathrooms 2 Parking 2
No Floor Plan Available
$630,000
MLS® #:  A2323322
Address:  1502 40 Street
Size: 940 sq. ft.
Days On Website:  ACCESS Days on Website

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Descriptions:

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!

Status: Active
Includes: NONE
Site Influences:
Back Lane, Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Standard Shaped Lot, Street Lighting, Treed
Legal Description:
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Location & Listing Info:
Zoning: R-CG
Neighbourhood: Forest Lawn
Lot Size: 0.12 sq.ft.
Lot Shape: Back Lane,Back Yard,Corner Lot,Front Yard,Garden,Landscaped,Lawn,Standard Shaped Lot,Street Lighting,Treed
Zone: Zone E
County: Calgary
Property Info:
Property Type: Residential Detached Single Family
Home Style: Bungalow
Year Built: 1958
Total Floor Area: 940 sq. ft.
Brokerage: CIR Realty
Construction Type: Brick
Front Exposure: W
Exterior:
Exterior: Brick
Construction: Brick
Frontage: 15.24M 50`0"
Front Exposure: W
Roof: Shingle
Financial & Possession:
Tax: ACCESS Taxes
Possession: ACCESS Possession
Occupancy: ACCESS Occupancy
Seller's Rights Reserved: ACCESS Seller's Rights Reserved
Rooms:
Total Bedrooms: 5  (Bedrooms Above: 3)
Bathrooms: Full: 2 / Half: 0
Rooms Above: 6
Ensuite: No
Parking Plan Type: Double Garage Detached,Off Street
Garage: 1
Additional Info:
Heating: Central, Mid Efficiency, Forced Air, Natural Gas
Basement: Full
Basement Type: Full
Floor Finish: Laminate
Fireplace Details: For Sale
Parking: Double Garage Detached, Off Street
Total Parking:
Restrictions: Contact for Restrictions
Heating Type: Central,Mid Efficiency,Forced Air,Natural Gas
Heating Fuel: Central,Mid Efficiency,Forced Air,Natural Gas
# of Finished Fireplaces: 2
Restrictions: None Known
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For viewing call 403-461-4141
Contact Peter Appleby -
#10, 6020 1A Street SW, Calgary, Alberta, T2H 0G3
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Peter Appleby, RE/MAX Realty Professionals
#10, 6020 1A Street SW, Calgary, Alberta T2H 0G3
Tel: 403-461-4141 Toll Free: 18772594141
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