pillar/IMG-A2203298_1.jpg
42 days on Market

1316 38 St, Calgary, Alberta T2A 1G5

Detached
3 + 1
2
~955.60 sqft
$599,900
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Detached
3 + 1
2
~955.60 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$627/sqft

Est. Mortgage$2,576/mo

Tax Amount (2024)$2,792/yr

Days On Market42 days


Description

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!


Property Details

StyleBungalow
View-
Age of property1958
SqFt~955.60 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2203298
Community NameForest Lawn
Data SourcePILLAR 9
Listing byReal Broker

Features

Heating: Forced Air
Basement: Separate/Exterior Entry,Finished,Full,Suite

Main Floor

Living Room

7`11" x 12`9"

Dining Room

5`11" x 15`8"

Bedroom

9`1" x 13`3"

Bedroom - Primary

13`10" x 9`8"


Features

Patio: Deck,Other,Patio,See Remarks

Parking

Garage spaces 2

Garage type -

Other parking spaces 2

Total parking spaces 4


Property History

Mar 17, 2025
ListedActive
$599,900
42 days on market
history photo preview21
Listing by pillar 9®
Property listed by Real Broker, Brokerage
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Market Data - Forest Lawn

Geo Zone Map ThumbnailForest Lawn

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

21 days

Compared to

2024

25 days

2023

44 days

New Listings

Past 30 days

14 listings

Compared to

2024

7 listings

2023

10 listings

Units sold

Past 30 days

4 units

Compared to

2024

10 units

2023

8 units

Median Sold Price

Past 30 days

$552,500

Compared to

2024

$532,500

2023

$378,500


Population and Demographics

Overview

Total population 7270
Average household income $80,302

Age (%)

50 to 64
24%
0 to 19
23%
35 to 49
21%
20 to 34
20%
65 and plus
13%

Household composition (%)

Single family
50%
Single person
35%
Multi person
15%
Multi family
1%

Mother tongue (%)

English
72%
Vietnamese
7%
Tagalog (Pilipino, Filipino)
6%
Others
4%
Arabic
4%
Spanish
2%
French
1%

House tenancy (%)

Renters
62%
Owners
38%

Schools and amenities

Estimated Budget