1 day on Market

1502 40 St, Calgary, Alberta T2A 1K2

Detached
3 + 2
2
~940.46 sqft
$649,900
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Detached
3 + 2
2
~940.46 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$691/sqft

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Description

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 Details

StyleBungalow
View-
Age of property1958
SqFt~940.46 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberA2323322
Community NameForest Lawn
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: Central,Mid Efficiency,Forced Air,Natural Gas
Central Vacuum
Basement: Full,Finished,Separate/Exterior Entry

Main Floor

Bedroom - Primary

12`2" x 11`10"

4pc Bathroom

10`10" x 5`2"

Bedroom

10`8" x 10`4"

Bedroom

12`2" x 10`0"


Features

Patio: Patio

Parking

Garage spaces 4

Garage type -

Other parking spaces 0

Total parking spaces 4


Property History

Jun 23, 2026
ListedActive
$649,900
1 day on market
history photo preview50
Listing by pillar 9®
Property listed by CIR Realty, Brokerage
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Market Data - Forest Lawn

Geo Zone Map ThumbnailForest Lawn

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

44 days

Compared to

2025

18 days

2024

10 days

2023

35 days

New Listings

Past 30 days

14 listings

Compared to

2025

9 listings

2024

10 listings

2023

7 listings

Units sold

Past 30 days

5 units

Compared to

2025

4 units

2024

5 units

2023

4 units

Median Sold Price

Past 30 days

$577,500

Compared to

2025

$547,500

2024

$503,000

2023

$453,944


Population and Demographics

Overview

Total population 7270
Average household income $80,302

Age (%)

0 to 19
23%
20 to 34
20%
35 to 49
21%
50 to 64
24%
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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget