KEY INVESTMENT OPPORTUNITY! This raised bungalow with a LEGAL basement suite is ideally located just steps from International Avenue (17 Ave SE), offering excellent access to transit, restaurants, and local services. Zoned MC-1, the property presents strong rental income today with future redevelopment potential including the opportunity to build up to 8-unit complex, as on similar nearby lots.The main floor features 3 bedrooms, a full bathroom, a spacious living room area, and a functional kitchen. The legal basement suite includes 2 bedrooms, kitchen, living space, and shared laundry. With the raised bungalow design, the lower level gets great light throughout. Both upper and lower units are tenant-occupied, generating immediate income while you plan updates or future permitting. A sunny west-facing backyard and single detached garage, all just minutes from downtown and major routes. A solid buy-and-hold, income-generating property in one of Calgary’s most active investment corridors.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
Yes
Num Legal Suites:
1
Num Illegal Suites:
0
Home Style:
Bungalow
Total Living Area:
1,063.44 sq. ft.98.8 m2
Main Level Finished Area:
1,063.44 sq. ft.98.8 m2
Below Grade Finished Area:
878.3 sq. ft.81.6 m2
Acreage:
No
Lot Area:
6,296 sq. ft.585 m2
Lot Frontage:
15'3"4.64 m
Front Exposure:
Southeast
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
1958
(Age: 68)
Bedrooms:
5
(Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0
(Full:1, Half:1)
Plan:
1505HB
Heating:
Forced Air
Basement:
Full, Finished, Separate/Exterior Entry
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Laminate
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
1
Parking:
Additional Parking, Alley Access, Parking Pad, Single Garage Detached
Parking Places:
4
Parking Total/Covered:
4 /
-
Laundry Features:
Common Area, Lower Level
Forest Lawn
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
Electric Stove x2, Refrigerator x2, Dishwasher, Washer/Dryer.
Data was last updated January 24, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$527,450
Min list price:
$149,900
Max list price:
$699,900
Avg days on market:
68
Min days on market:
16
Max days on market:
847
Avg price per sq.ft.:
$481.14
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.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.