Southeast Calgary Homes for Sale: $400,000 to $500,000 Price Range (Updated Daily)

For budget-conscious homebuyers looking for great value and quality, Southeast Calgary offers a diverse selection of properties in the $400,000 to $500,000 price range. This price bracket is ideal for first-time buyers, young couples, and small families looking to establish roots in a vibrant and growing community.

Key Highlights of Southeast Calgary Homes for Sale ($400,000 to $500,000):

  • Variety of Home Styles: In this price range, buyers can find a mix of single-family homes, duplexes, and townhouses that are both modern and efficient.

  • Updated Features: Many homes in this bracket have been updated with modern finishes, including stainless steel appliances, hardwood floors, and contemporary bathroom fixtures.

  • Community Amenities: Southeast Calgary is known for its excellent schools, community centers, and abundance of parks and green spaces, making it a desirable location for families.

  • Outdoor Recreation: The proximity to various parks, walking trails, and recreational facilities ensures that residents have plenty of options for outdoor activities.

  • Convenient Access: The area offers convenient access to major roadways and public transit, making it easy to commute to downtown Calgary and other areas.

  • Strong Investment Opportunity: With the continuous growth of the Calgary area, homes in this price range offer strong potential for appreciation, making them a wise investment for the future.

Partner with a Local Real Estate Expert: Diane Richardson, with years of experience in the Southeast Calgary real estate market, provides personalized and knowledgeable assistance to help you find the right home at the right price. Diane’s commitment to her clients ensures a smooth and successful home buying experience.

Contact Diane Richardson:

Discover Affordable Living in Southeast Calgary

Whether you are a first-time homebuyer or looking to downsize, the homes in the $400,000 to $500,000 range in Southeast Calgary offer exceptional value and a community-oriented lifestyle. Contact Diane Richardson today to begin your search for the perfect home in this friendly and dynamic area.

Contact Diane Richardson: 

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  • Contact Form: Use the form on my website to send me a message directly. Please provide your name, email address, and message, and don't forget to include the property address or MLS® number for the listing you're interested in.

  • Phone Number: Call me directly at 403.397.3706 for any questions or to schedule viewings.

  • Email Address: Send me an email at Diane@Mypadcalgary.com for additional information or questions you may have.

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1509 38 Street SE
Forest Lawn Calgary T2A 1G7

$650,000
Residential beds: 4 baths: 2.0 905 sq. ft. built: 1957

Main Photo: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Photo 1: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Photo 2: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Photo 3: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Photo 4: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Photo 5: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Photo 6: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
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Photo 33: 1509 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2213203
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2213203
Bedrooms:
4
Bathrooms:
2
Year Built:
1957
Looking for move-in ready with room to grow and the potential for rental income? This beautifully renovated bungalow in SE Calgary checks every box—with a fully finished legal suite, an oversized heated garage, and an expansive 50’ x 126’ M-CG zoned lot offering flexibility for multi-generational living, future development, or smart investing. Highlights You’ll Love: Complete Renovation: Thoughtfully upgraded throughout with newer windows (all but two in the basement), new doors, tankless hot water, high-efficiency furnace, central air conditioning, upgraded electrical, and a newer roof (35-year shingles on the house, 25-year on the garage). Spacious Main Floor: Featuring a 225 sq ft primary bedroom, a second bedroom, renovated full bath, and a bright, open kitchen with upgraded stainless steel appliances—ideal for everyday living and entertaining. Versatile Basement: Includes a legal suite (formerly permitted for Airbnb, permit recently expired) complete with two generously sized bedrooms, a large rec/living area, 220 wiring, and plenty of flexibility for guests, extended family, or rental income. Outdoor Space That Stands Out: The fully fenced, low-maintenance yard includes a concrete RV pad with 30amp hookup, a pergola (included), and plenty of space to relax, garden, or gather with friends. Incredible Garage: A true mechanic’s dream—oversized 25’ x 22’, fully heated, and ready to handle your hobbies or projects. Location Perks: Walk to schools, transit, and shops. Quick access to downtown means less time commuting and more time enjoying your home. This is the kind of property that doesn’t come along often—upgraded, low-maintenance, and full of potential. Whether you’re starting your next chapter or investing in your future, this home is ready for you. Call your favourite Realtor to book your showing today—you won’t want to miss it!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
Attached-Up/Down, Bungalow
Total Living Area:
904.71 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,286 sq. ft.
Lot Frontage:
50'
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
4
Year built:
1957 (Age: 68)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
4095HI
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Off Street, RV Access/Parking
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Forest Lawn
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Gas Water Heater, Range Hood, Refrigerator, Tankless Water Heater, Washer
1 washer, 1 dryer, 2 fridges, 2 stoves, 2 dishwashers, 2 garage door opener, pergola and free standing kitchen structure in backyard
Airspace Restriction
Floor
Type
Size
Other
Main Floor
Bedroom
23'4" × 10'10"
Main Floor
Bedroom
9'9" × 8'
Main Floor
Kitchen
15' × 9'10"
Main Floor
Living Room
16' × 13'1"
Basement
Bedroom
12'8" × 7'2"
Basement
Bedroom
10'9" × 9'11"
Basement
Kitchen
12'4" × 10'7"
Basement
Laundry
7'7" × 5'4"
Basement
Living Room
10'5" × 8'5"
Basement
Furnace/Utility Room
5'8" × 4'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 9'8"
Basement
No
4
10'4" x 10'6"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Jetted Tub, Separate Entrance, Storage, Tankless Hot Water
Exterior Features:
Private Yard, RV Hookup
Patio And Porch Features:
Front Porch
Lot Features:
Back Lane, Back Yard, City Lot, Front Yard, Gazebo, Level, Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-CG
Listed Date:
Apr 23, 2025
Days on Mkt:
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Virtual Tour

Listed by eXp Realty
Data was last updated June 14, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$534,500
Min list price:
$157,000
Max list price:
$724,999
Avg days on market:
52
Min days on market:
3
Max days on market:
623
Avg price per sq.ft.:
$533.24
These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706