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&#39'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

Price:
$590,000
MLS #:
A2233702
Status:
Active
Beds:
4
Baths:
2
Address:
2040 47 Street SE
Type:
Single Family
Subtype:
Detached
Subdivision:
Forest Lawn
City:
Calgary
Listed Date:
Jun 27, 2025
Province:
AB
Finished Sq Ft:
1,049
Postal Code:
213
Lot Size:
6,609 sqft / 0.15 acres (approx)
Year Built:
1959

Schools

Interior

Appliances
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Basement
Separate/ Exterior Entry, Full, Suite
Bathrooms Full
2
Laundry Features
In Basement

Exterior

Exterior Features
Other
Lot Features
Back Lane, Back Yard, Corner Lot
Parking Features
Double Garage Detached, Driveway, Oversized
Parking Total
5
Patio And Porch Features
None
Roof
Asphalt Shingle

Financial

Map

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2040 47 Street SE
Calgary, AB