1316 38 Street Se Calgary, Alberta T2A 1G5
$599,900
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 deckโperfect 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! (id:57312)
Property Details
| MLS® Number | A2203298 |
| Property Type | Single Family |
| Neigbourhood | East Shepard Industrial |
| Community Name | Forest Lawn |
| AmenitiesNearBy | Park, Playground, Schools, Shopping |
| Features | See Remarks, Other, Back Lane, French Door, Closet Organizers |
| ParkingSpaceTotal | 4 |
| Plan | 2628hj |
| Structure | Deck, See Remarks |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 4 |
| Appliances | Refrigerator, Dishwasher, Stove, Hood Fan, Washer & Dryer |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance, Suite |
| BasementType | Full (finished) |
| ConstructedDate | 1958 |
| ConstructionMaterial | Wood Frame |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| FlooringType | Carpeted, Laminate, Tile |
| FoundationType | Poured Concrete |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 955.6 Sqft |
| TotalFinishedArea | 955.6 Sqft |
| Type | House |
Parking
| Detached Garage | 2 |
| Other | |
| Parking Pad |
Land
| Acreage | No |
| FenceType | Cross Fenced |
| LandAmenities | Park, Playground, Schools, Shopping |
| LandscapeFeatures | Lawn |
| SizeFrontage | 15.24 M |
| SizeIrregular | 585.00 |
| SizeTotal | 585 M2|4,051 - 7,250 Sqft |
| SizeTotalText | 585 M2|4,051 - 7,250 Sqft |
| ZoningDescription | R-cg |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Laundry Room | 9.50 Ft x 6.00 Ft | ||
| Basement | Kitchen | 9.92 Ft x 7.67 Ft | ||
| Basement | Family Room | 11.58 Ft x 19.67 Ft | ||
| Basement | 4pc Bathroom | 5.00 Ft x 9.42 Ft | ||
| Basement | Furnace | 4.17 Ft x 6.75 Ft | ||
| Basement | Bedroom | 21.58 Ft x 12.50 Ft | ||
| Main Level | Living Room | 7.92 Ft x 12.75 Ft | ||
| Main Level | Dining Room | 5.92 Ft x 15.67 Ft | ||
| Main Level | Kitchen | 9.08 Ft x 13.75 Ft | ||
| Main Level | 4pc Bathroom | 9.08 Ft x 5.00 Ft | ||
| Main Level | Bedroom | 10.33 Ft x 8.25 Ft | ||
| Main Level | Bedroom | 9.08 Ft x 13.25 Ft | ||
| Main Level | Primary Bedroom | 13.83 Ft x 9.67 Ft |
https://www.realtor.ca/real-estate/28037076/1316-38-street-se-calgary-forest-lawn
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Waras Japneet Singh Dhaliwal
Associate
#700, 1816 Crowchild Trail Nw
Calgary, Alberta T2M 3Y7
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March 18 2025 02:01:53
Calgary Real Estate Board
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