pillar/IMG-A2202406_1.jpg
57 days on Market

2401 40 St, Calgary, Alberta T2B1C1

Detached
3 + 2
2
~1333.18 sqft
$599,900
Get pre-qualifiedPowered by Neo Mortgage
Detached
3 + 2
2
~1333.18 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$449/sqft

Est. Mortgage$2,576/mo

Tax Amount (2024)$2,814/yr

Days On Market57 days


Description

An incredible opportunity for investors, builders, and developers, this rare RC-G zoned CORNER LOT with a back lane spans 50 x 126 feet, offering the potential to develop a 4-plex with legal suites for up to eight units, subject to city approval. Located on a quiet street just a few blocks from schools, the property features a fully fenced oversized lot. The main floor includes two bedrooms, a full bathroom, a large living room, a sitting room, and a bright solarium overlooking the backyard. Basement features a separate entrance, with a kitchen, two bedrooms and bath. A single detached garage and ample street parking add convenience, while the surrounding area continues to grow with new developments along 17 Ave SE. Whether you're looking to build now or hold for future development, this property presents an exceptional chance to live, rent, and invest, with a long-term tenant already in place. Don’t miss out on this prime development opportunity with endless potential—act now!


Property Details

StyleBungalow
View-
Age of property1959
SqFt~1333.18 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2202406
Community NameForest Lawn
Data SourcePILLAR 9
Listing byKeller Williams BOLD Realty

Features

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

Main Floor

Bedroom

30`11" x 33`1"

Bedroom - Primary

32`10" x 39`4"

Sunroom/Solarium

23`0" x 21`7"

4pc Bathroom

21`4" x 24`1"


Parking

Garage spaces 2

Garage type -

Other parking spaces 0

Total parking spaces 2


Property History

Mar 14, 2025
ListedActive
$599,900
57 days on market
history photo preview35
Listing by pillar 9®
Property listed by Keller Williams BOLD Realty, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

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

33 days

Compared to

2024

68 days

2023

16 days

New Listings

Past 30 days

10 listings

Compared to

2024

5 listings

2023

6 listings

Units sold

Past 30 days

6 units

Compared to

2024

9 units

2023

9 units

Median Sold Price

Past 30 days

$512,250

Compared to

2024

$525,000

2023

$391,000


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