1 day on Market

2040 47 St, Calgary, Alberta T2B 1L3

Detached
3 + 1
2
~1049.00 sqft
$590,000
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Detached
3 + 1
2
~1049.00 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$562/sqft

Monthly cost

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Description

Incredible Investment Opportunity on a Prime Corner Lot! This classic bungalow sits on an RC-G zoned corner lot measuring 6,600 sq ft with 55 feet of frontage—perfect for redevelopment or holding as a high-potential income property. Ideally located roughly 15 minutes from downtown and with a wide range of amenities that are even closer, this property is perfect for investors, developers, or homeowners seeking versatility. Situated close to transit, schools, parks, and numerous amenities, this location is unbeatable. Offering close to 2,000 sq ft of developed living space, the home features a spacious main floor and a large illegal basement suite—ideal for live-up/rent-down or full rental income. The double detached garage adds extra value and functionality. The RC-G zoning allows for a variety of redevelopment options including row housing or multi-family housing, making this a standout opportunity in a sought-after area. Whether you're looking to invest, redevelop, or live with rental income, this property checks all the boxes. Don’t miss this rare chance to secure a valuable piece of real estate with significant upside.


Property Details

StyleBungalow
View-
Age of property1959
SqFt~1049.00 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberA2233702
Community NameForest Lawn
Data SourcePILLAR 9
Listing byReal Broker

Features

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

Main Floor

Kitchen

17`6" x 11`2"

Dining Room

9`8" x 8`7"

Living Room

13`6" x 12`4"

Bedroom

14`0" x 9`11"


Parking

Garage spaces 2

Garage type -

Other parking spaces 3

Total parking spaces 5


Property listed by Real Broker, Brokerage
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Market Data - Forest Lawn

Geo Zone Map ThumbnailForest Lawn

Balanced Market

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Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

18 days

Compared to

2024

10 days

2023

35 days

New Listings

Past 30 days

9 listings

Compared to

2024

10 listings

2023

7 listings

Units sold

Past 30 days

4 units

Compared to

2024

5 units

2023

4 units

Median Sold Price

Past 30 days

$547,500

Compared to

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