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Exceptional high-income investment opportunity at 929 38 Street SE.?This massive two-storey property is purpose-built for room-by-room rentals, multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring over 4000 sq ft of developed living space, the home includes 10 bedrooms and 4 bathrooms with a highly functional layout designed for shared living. The upper floor is thoughtfully designed with seven bedrooms and three bathrooms, including one bedroom with a private full ensuite, a five-piece bathroom shared between bedrooms, and an additional four-piece Jack-and-Jill bathroom, providing excellent usability and privacy for multiple occupants. A spacious bonus room further enhances the layout, while the very open floor plan and large windows throughout flood the home with natural light and strongly enhance tenant appeal. A large front foyer creates an inviting first impression. The main floor offers additional living space and a separate laundry room, while the fully self-contained LEGAL two-bedroom basement suite includes its own laundry and a generous living area, making the property exceptionally well suited for efficient room-by-room leasing or multi-family use. The home underwent a significant transformation in 2015, with upgrades including a newer roof, windows, hot water tank, updated kitchen, and renovated bathrooms, minimizing near-term capital expenditures. Solidly built, well maintained, and turnkey for income generation, this property offers both immediate revenue potential and long-term value.Additional investment highlights include: LEGAL basement suit, Double garage plus abundant on-site and street parking, Second entrance providing functional separation, Bright, open common areas enhanced by oversized windows, Prime location close to Marlborough Mall, 17 Avenue SE, LRT stations, schools, and major transit routes. Ideal for investors seeking strong monthly income, flexible rental configurations, and long-term appreciation in an established Calgary neighbourhood. A rare opportunity to secure a large-scale residential income property — book your showing today.
Current real estate data for Single Family in Calgary as of Jan 30, 2026
2,532
Single Family Listed
49
Avg DOM
469
Avg $ / SqFt
$837,169
Avg List Price

Property Details

Price:
$899,900
MLS #:
A2282727
Status:
Active
Beds:
10
Baths:
5
Type:
Single Family
Subtype:
Detached
Subdivision:
Forest Lawn
Listed Date:
Jan 30, 2026
Finished Sq Ft:
3,034
Lot Size:
6,932 sqft / 0.16 acres (approx)
Year Built:
1960
Forest LawnFullCorner Lot,low Maintenance Landscape,rectangular Lot

Schools

Interior

Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Stove(s), Washer, Washer/Dryer, Window Coverings
Basement
Full
Bathrooms Full
5
Laundry Features
In Basement, Main Level, Multiple Locations

Exterior

Exterior Features
Balcony, Private Entrance
Lot Features
Corner Lot, Low Maintenance Landscape, Rectangular Lot
Parking Features
Double Garage Attached, Driveway, Off Street, On Street, Oversized, Parking Pad, Stall
Parking Total
11
Patio And Porch Features
Balcony(s)
Roof
Asphalt Shingle

Financial

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Property Summary

    Located in the Forest Lawn subdivision, 929 38 Street SE Calgary AB is a Single Family for sale in Calgary, AB, T2A 1A1. It is listed for $899,900 and features 10 beds, 5 baths, and has approximately 3,034 square feet of living space, and was originally constructed in 1960. The current price per square foot is $297. The average price per square foot for Single Family listings in Calgary is $469. The average listing price for Single Family in Calgary is $837,169. To schedule a showing of MLS#a2282727 at 929 38 Street SE in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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