3 days on Market

2040 47 St, Calgary, Alberta T2B 1L3

Detached
3 + 1
2
~1049.00 sqft
$645,000
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Detached
3 + 1
2
~1049.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$614/sqft

Est. Mortgage$2,770/mo

Tax Amount (2024)$2,717/yr

Days On Market3 days


Description

POTENTIAL, POTENTIAL, POTENTIAL! This massive corner lot is a prime investment opportunity with so much potential. This classic bungalow boasts nearly 2,000 sq ft of developed living space with a lot that’s over 50 feet wide. Located conveniently close to downtown and numerous amenities, this property offers unparalleled versatility for homeowners and investors alike. The home features a spacious main floor and a large illegal basement suite, perfect for those looking to maximize rental income. You can live upstairs while renting out the basement, or rent both units and create an opportunity to generate cash flow. The double detached garage adds further value and convenience. For developers, the potential is even greater. With proper permits, you can choose to transform this property into multi-family row housing – an ideal investment opportunity where you can choose to sell or rent the units. The huge lot and prime location make this property a rare find with significant future upside. Don't miss out on this exceptional property with so many possibilities. Whether you're looking to invest, develop, or create your dream home, this corner lot is full of opportunities!


Property Details

StyleBungalow
View-
Age of property1959
SqFt~1049.00 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberA2182979
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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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