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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.
Current real estate data for Single Family in Calgary as of Aug 15, 2025
4,262
Single Family Listed
41
Avg DOM
476
Avg $ / SqFt
$820,058
Avg List Price

Property Details

Price:
$590,000
MLS #:
A2233702
Status:
Active
Beds:
4
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Forest Lawn
Listed Date:
Jun 27, 2025
Finished Sq Ft:
1,049
Lot Size:
6,609 sqft / 0.15 acres (approx)
Year Built:
1959
Forest LawnSeparate/exterior EntryFullSuiteBack LaneBack YardCorner Lot

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

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Property Summary

    Located in the Forest Lawn subdivision, 2040 47 Street SE Calgary AB is a Single Family for sale in Calgary, AB, T2B 1L3. It is listed for $590,000 and features 4 beds, 2 baths, and has approximately 1,049 square feet of living space, and was originally constructed in 1959. The current price per square foot is $562. The average price per square foot for Single Family listings in Calgary is $476. The average listing price for Single Family in Calgary is $820,058. To schedule a showing of MLS#a2233702 at 2040 47 Street SE in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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