Welcome to this beautifully updated home in the rapidly redeveloping community of Forest Lawn! Offering rental income potential of up to $3,700/month, this versatile property is perfect for homeowners looking to live upstairs and rent downstairs or for investors seeking strong cash flow. Sitting on a large lot with future multi-family development possibilities, this home presents an excellent opportunity in a thriving neighborhood. The main floor boasts a bright and inviting open-concept layout, where a stylish feature wall in the living area adds character and charm. The space flows seamlessly into the dining area and a modern kitchen equipped with sleek finishes and stainless steel appliances. Three spacious bedrooms provide comfortable living, including one with direct access to a large deck—perfect for relaxing or entertaining. A beautifully updated 4-piece bathroom completes this level. Another separate rear entrance leads to the common laundry area and an income-generating illegal basement suite. The illegal basement suite features a generous living and dining area, a full kitchen, and a 4-piece bath. The large bedroom has the potential to be converted into two bedrooms, further maximizing rental income. Additional highlights include an oversized detached garage plus two extra parking spots in the back, with plenty of street parking available. Located in a community undergoing significant redevelopment, this home is close to top amenities, schools, shopping, dining, and public transit, with easy access to downtown. With its strong rental potential, future redevelopment possibilities, and prime location, this property is a must-see! Book your showing today!
Address
1316 38 Street SE
List Price
$599,900
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary E
Sub-Area
Forest Lawn
Bedrooms
4
Bathrooms
2
Floor Area
956 Sq. Ft.
Lot Size
6296 Sq. Ft.
Year Built
1958
MLS® Number
A2203298
Listing Brokerage
Real Broker
Basement Area
Separate/Exterior Entry, Finished, Full, Suite
Postal Code
T2A 1G5
Zoning
R-CG
Site Influences
Back Lane, Back Yard, City Lot, Few Trees, Front Yard, Lawn, Schools Nearby, Shopping Nearby, Other, Park, Walking/Bike Paths, Playground, See Remarks, Sidewalks, Street Lights, Street Lighting