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1316 38 Street SE
Forest Lawn Calgary T2A 1G5

$599,900
Residential beds: 4 baths: 2.0 956 sq. ft. built: 1958

Main Photo: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 1: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 2: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 3: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 4: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 5: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 6: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 7: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 8: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
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Photo 12: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
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Photo 14: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 15: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 16: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 17: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 18: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 19: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 20: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Photo 21: 1316 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2203298
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2203298
Bedrooms:
4
Bathrooms:
2
Year Built:
1958
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!
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:
955.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,296 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:
West
Reg. Size:
Reg. Size Includes:
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
1958 (Age: 67)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2628HJ
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Detached, Off Street, Parking Pad
Parking Places:
4
Parking Total/Covered:
4 / -
Laundry Features:
Common Area, See Remarks
Forest Lawn
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer
na
None Known
Floor
Type
Size
Other
Main Floor
Living Room
12'9" × 7'11"
Main Floor
Dining Room
15'8" × 5'11"
Main Floor
Kitchen
13'9" × 9'1"
Main Floor
Bedroom
10'4" × 8'3"
Main Floor
Bedroom
13'3" × 9'1"
Main Floor
Bedroom - Primary
13'10" × 9'8"
Basement
Laundry
9'6" × 6'
Basement
Kitchen
9'11" × 7'8"
Basement
Family Room
19'8" × 11'7"
Basement
Furnace/Utility Room
6'9" × 4'2"
Basement
Bedroom
21'7" × 12'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 9'1"
Basement
No
4
9'5" x 5'
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, French Door, See Remarks, Separate Entrance, Storage
Exterior Features:
Balcony, Other, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, Other, Patio, See Remarks
Lot Features:
Back Lane, Back Yard, City Lot, Few Trees, Front Yard, Lawn, See Remarks, Street Lighting
Num. of Parcels:
0
Fencing:
Cross Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-CG
Listed Date:
Mar 17, 2025
Days on Mkt:
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Listed by Real Broker
Data was last updated July 30, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$534,500
Min list price:
$157,000
Max list price:
$714,999
Avg days on market:
43
Min days on market:
4
Max days on market:
668
Avg price per sq.ft.:
$497.56
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