Homes for sale - 1316 38 ST Southeast, Calgary, AB T2A 1G5

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Terry Kruse

homes@terrykrusere.com +1(403) 836-7774

$ 599,900

Est. payment | -/mo

4 Beds

2 Baths

955 SqFt

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$ 599,900

Est. payment | -/mo

Save

4 Beds

2 Baths

955 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 955 sqft

Price per Sqft $628

Subdivision Forest Lawn

MLS® Listing ID A2203298

Style Bungalow

Bedrooms 4

Full Baths 2

Year Built 1958

Lot Size 6,296 Sqft

Acres 0.14

Property Sub-Type Detached

Property Description

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!

Location

Province AB

County Calgary

Area Cal Zone E

Zoning R-CG

Direction W

Rooms

Basement Separate/Exterior Entry, Finished, Full, Suite

Interior

Interior Features Closet Organizers, French Door, See Remarks, Separate Entrance, Storage

Heating Forced Air

Cooling None

Flooring Carpet, Laminate, Tile

Inclusions na

Appliance Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer

Laundry Common Area, See Remarks

Exterior

Exterior Feature Balcony, Other, Private Entrance, Private Yard, Storage

Parking Features Double Garage Detached, Off Street, Parking Pad

Garage Spaces 2.0

Fence Cross Fenced

Community Features Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Roof Type Asphalt Shingle

Porch Deck, Other, Patio, See Remarks

Lot Frontage 50.0

Total Parking Spaces 4

Building

Lot Description Back Lane, Back Yard, City Lot, Few Trees, Front Yard, Lawn, See Remarks, Street Lighting

Dwelling Type House

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories Bi-Level

Structure Type Wood Frame

Others

Restrictions None Known

Tax ID 95110586

Listed by Real Broker

+1(403) 836-7774

homes@terrykrusere.com

Working in Calgary and area, Canada

1316 38 ST Southeast Calgary, AB T2A 1G5