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2040 47 Street SE
Forest Lawn Calgary T2B 1L3

$590,000
Residential beds: 4 baths: 2.0 1,049 sq. ft. built: 1959

Main Photo: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 1: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 2: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 3: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 4: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 5: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 6: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 7: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 8: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 9: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 10: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 11: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 12: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 13: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 14: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 15: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 16: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 17: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Photo 18: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2233702
Bedrooms:
4
Bathrooms:
2
Year Built:
1959
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'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 Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,049 sq. ft.
Main Level Finished Area:
1,049 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
716 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,609 sq. ft.
Lot Frontage:
54'⅛"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1959 (Age: 66)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8779HP
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached, Driveway, Oversized
Parking Places:
5
Parking Total/Covered:
5 / -
Laundry Features:
In Basement
Forest Lawn
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Basement: Refrigerator, Electric Stove, Hood Fan
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
17'6" × 11'2"
Main Floor
Dining Room
9'8" × 8'7"
Main Floor
Living Room
13'6" × 12'4"
Main Floor
Bedroom
14' × 9'11"
Main Floor
Bedroom
10'9" × 8'
Main Floor
Bedroom
10'3" × 8'8"
Basement
Kitchen
17'9" × 10'
Basement
Living Room
14'11" × 12'9"
Basement
Laundry
10'4" × 8'6"
Basement
Bedroom
16'9" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 6'10"
Basement
No
4
7'4" x 8'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Ceiling Fan(s), See Remarks
Exterior Features:
Other
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Corner Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-CG
Listed Date:
Jun 27, 2025
Days on Mkt:
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Virtual Tour

Listed by Real Broker
Data was last updated August 10, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$517,450
Min list price:
$157,000
Max list price:
$714,999
Avg days on market:
41
Min days on market:
4
Max days on market:
680
Avg price per sq.ft.:
$491.59
These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA