1502 40 Street Southeast, Calgary, Alberta T2A 1K2

1502 40 Street Southeast, Calgary, Alberta T2A 1K2

$580,000

  • 5 bedrooms
  • 2 bathrooms
  • 940 Square Feet

SHOWS 10/10! ATTENTION FIRST-TIME HOMEBUYERS, BUILDERS AND DEVELOPERS! This property is a CORNER LOT HOME and presents an outstanding opportunity in a growing area with excellent access to transit, schools, parks, and shopping. EXPLORE THE POTENTIAL FOR FUTURE MULTI-UNIT REDEVELOPMENT, including a 4-plex, subject to City of Calgary approval and all applicable regulations. Welcome to this WELL-MAINTAINED BUNGALOW situated on a large lot in a convenient SE Calgary location. Offering over 1,700 SQ. FT. OF DEVELOPED LIVING SPACE, this property features 5 BEDROOMS, 2 FULL BATHROOMS, BASEMENT SUITE (Illegal), AND A MASSIVE OVERSIZED DOUBLE DETACHED GARAGE, ... read more

SHOWS 10/10! ATTENTION FIRST-TIME HOMEBUYERS, BUILDERS AND DEVELOPERS! This property is a CORNER LOT HOME and presents an outstanding opportunity in a growing area with excellent access to transit, schools, parks, and shopping. EXPLORE THE POTENTIAL FOR FUTURE MULTI-UNIT REDEVELOPMENT, including a 4-plex, subject to City of Calgary approval and all applicable regulations. Welcome to this WELL-MAINTAINED BUNGALOW situated on a large lot in a convenient SE Calgary location. Offering over 1,700 SQ. FT. OF DEVELOPED LIVING SPACE, this property features 5 BEDROOMS, 2 FULL BATHROOMS, BASEMENT SUITE (Illegal), AND A MASSIVE OVERSIZED DOUBLE DETACHED GARAGE, making it an excellent opportunity for homeowners, multi-generational families, or savvy investors. The main floor offers approximately 880 SQ. FT. ABOVE GRADE and showcases a bright and spacious living room highlighted by a cozy fireplace, a functional kitchen with ample cabinetry and dining space, a generous PRIMARY BEDROOM, two additional bedrooms, and a full 4-piece bathroom. The fully developed basement features a SEPARATE ENTRANCE, its own kitchen, a large recreation/living area, 2 ADDITIONAL BEDROOMS, a 3-piece bathroom, laundry area, and plenty of storage space—providing excellent flexibility for extended family living or mortgage-helper potential. Recent upgrades include an UPGRADED WASHER AND DRYER and a NEWER HOT WATER TANK, offering added value and peace of mind. Additional conveniences include a CENTRAL VACUUM SYSTEM and a WHOLE-HOUSE WATER FILTRATION SYSTEM, enhancing everyday comfort and functionality. Outside, you'll appreciate the beautifully maintained yard, LARGE PRIVATE BACKYARD, expansive patio area, and an impressive OVERSIZED DOUBLE DETACHED GARAGE with approximately 597 SQ. FT. OF SPACE, perfect for vehicles, tools, hobbies, workshop use, or additional storage. Ample off-street parking further adds to the property's appeal. Ideally located close to schools, shopping, public transit, parks, playgr ounds, major roadways, and downtown Calgary, this property offers the perfect blend of convenience, versatility, and income potential. Whether you're looking to live up and rent down, accommodate a growing or multi-generational family, or add a solid revenue property to your investment portfolio, this home delivers exceptional value and endless possibilities. DON'T MISS THIS INCREDIBLE OPPORTUNITY! (id:39198)

  • Listing ID: A2341465
  • Property Type: Single Family
  • Year Built: 1958
Property
Style: Bungalow
Ownership: Freehold
Lot Size: 474 M2 (4,051 - 7,250 Sqft)
Fence, Garden Area, Landscaped and Lawn
Parking: Detached Garage
4 Spaces
Building
Type: Single Family House
Appliances: Cooktop - Electric, Hood Fan, Oven - Electric, Washer & Dryer and Refrigerator
HVAC: Central Heating, Fireplace and Forced Air
Natural Gas
Exterior: Brick
Basement: Full (Finished)
Location
Town: Calgary
Province: Alberta
Nearby Amenities: Park, Playground, Schools and Shopping
Rooms Level Dimensions
4pc Bathroom Main level 10.83 ft x 5.17 ft
Bedroom Main level 10.67 ft x 10.33 ft
Bedroom Main level 12.17 ft x 10.00 ft
Hall Main level 9.83 ft x 3.00 ft
Other Main level 13.42 ft x 12.08 ft
Living room Main level 15.83 ft x 14.25 ft
Primary Bedroom Main level 12.17 ft x 11.83 ft
3pc Bathroom Basement 7.08 ft x 6.42 ft
Bedroom Basement 12.58 ft x 11.50 ft
Bedroom Basement 10.42 ft x 10.25 ft
Hall Basement 8.67 ft x 3.33 ft
Hall Basement 8.92 ft x 7.08 ft
Kitchen Basement 10.33 ft x 8.08 ft
Laundry room Basement 12.58 ft x 7.25 ft
Recreational, Games room Basement 13.00 ft x 10.50 ft
Storage Basement 7.67 ft x 3.67 ft
Furnace Basement 5.92 ft x 4.33 ft
Furnace Basement 1.83 ft x 1.42 ft

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This property, located at 1502 40 Street in Calgary Alberta, was published on August 31st, 2026. See if this home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in Calgary convenient.