1502 40 Street SE, Calgary
For sale25 days on hômmLast checked with the board’s feed
Listing photos
38 more photos in the full gallery.
$580,000 asking price
1502 40 Street SE, Calgary in Forest Lawn, Calgary — listing provided by Peter Pasion of CIR Realty
- Beds
- 3+2
- Baths
- 2
- Living area
- 940 sq ft
- Year built
- 1958
About this home
SHOWS 10/10! ATTENTION FIRST-TIME HOMEBUYERS, BUILDERS AND DEVELOPERS! This property is a CORNER LOT HOME and presents an outstanding opportunity in a growing area with excellent access to transit, schools, parks, and shopping. EXPLORE THE POTENTIAL FOR FUTURE MULTI-UNIT REDEVELOPMENT, including a 4-plex, subject to City of Calgary approval and all applicable regulations. Welcome to this WELL-MAINTAINED BUNGALOW situated on a large lot in a convenient SE Calgary location. Offering over 1,700 SQ. FT. OF DEVELOPED LIVING SPACE, this property features 5 BEDROOMS, 2 FULL BATHROOMS, BASEMENT SUITE (Illegal), AND A MASSIVE OVERSIZED DOUBLE DETACHED GARAGE, making it an excellent opportunity for homeowners, multi-generational families, or savvy investors. The main floor offers approximately 880 SQ. FT. ABOVE GRADE and showcases a bright and spacious living room highlighted by a cozy fireplace, a functional kitchen with ample cabinetry and dining space, a generous PRIMARY BEDROOM, two additional bedrooms, and a full 4-piece bathroom. The fully developed basement features a SEPARATE ENTRANCE, its own kitchen, a large recreation/living area, 2 ADDITIONAL BEDROOMS, a 3-piece bathroom, laundry area, and plenty of storage space—providing excellent flexibility for extended family living or mortgage-helper potential. Recent upgrades include an UPGRADED WASHER AND DRYER and a NEWER HOT WATER TANK, offering added value and peace of mind. Additional conveniences include a CENTRAL VACUUM SYSTEM and a WHOLE-HOUSE WATER FILTRATION SYSTEM, enhancing everyday comfort and functionality. Outside, you'll appreciate the beautifully maintained yard, LARGE PRIVATE BACKYARD, expansive patio area, and an impressive OVERSIZED DOUBLE DETACHED GARAGE with approximately 597 SQ. FT. OF SPACE, perfect for vehicles, tools, hobbies, workshop use, or additional storage. Ample off-street parking further adds to the property's appeal. Ideally located close to schools, shopping, public transit, parks, playgrounds, major roadways, and downtown Calgary, this property offers the perfect blend of convenience, versatility, and income potential. Whether you're looking to live up and rent down, accommodate a growing or multi-generational family, or add a solid revenue property to your investment portfolio, this home delivers exceptional value and endless possibilities. DON'T MISS THIS INCREDIBLE OPPORTUNITY!
Key facts
| MLS® number | A2341465 |
|---|---|
| Property type | Detached Single Family |
| Style | Bungalow |
| Lot size | 5,102 sq ft |
| Days on hômm | 25 days on hômm |
| Annual property tax | $3,268/year (2026) |
| Listing REALTOR® | Peter Pasion |
| Brokerage | CIR Realty |
Questions about this home
- Is this home still available?
Yes — at our last check this home was still on the market at $580,000 (25 days on hômm). A home can go under contract the same day an offer is accepted, so the “last checked” stamp near the top of this page is the honest measure of how current that is.
- How do I book a viewing?
Ask for a tour on this page, or book a call with hômm, and we will put you with a REALTOR® who arranges the showing with the listing brokerage — usually the same day.
Book a call with hômm- What is this home worth?
The asking price for 1502 40 Street SE, Calgary is $580,000. What a home actually sells for is settled by what comparable homes nearby have recently sold for, its condition, and how it is priced against them — not by an online figure. A REALTOR® can walk you through the recent sales on this street before you write an offer. If it is your own home you are wondering about, hômm’s free home-worth tool gives you a starting number in about a minute.
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For sale on 40 Street SE
40 Street SE →7 other homes on 40 Street SE are on the market right now. Showing the 6 closest to this address.
- 2025 40 Street SEFor sale
- 108-19621 40 Street SEFor sale
- 112-19621 40 Street SEFor sale
- 19621 40 Street SEFor sale
- 19661 40 Street SEFor sale
- 211-19661 40 Street SEFor sale
Keep looking
Schools
Designated schools (in zone)
- Patrick Airlie SchoolElementary · designated K-6 · Calgary Public0.1 km
- Holy Trinity SchoolElementary · designated K-6 · Calgary Catholic0.2 km
- Forest Lawn High SchoolHigh School · designated 10-12 · Calgary Public0.5 km
- Father Lacombe High SchoolHigh School · designated 10-12 · Calgary Catholic0.9 km
- Bishop Kidd SchoolJunior High · designated 7-9 · Calgary Catholic1.2 km
- Ernest Morrow SchoolMiddle School · designated 7-9 · Calgary Public0.8 km
Program designations
- Advanced Placement · 10-12: Father Lacombe High School0.9 km
- Arts-Centred · 5-9: Sir John Franklin School3.2 km
- Chinese (Mandarin) Bilingual · K-4: Highwood School9.1 km
- Chinese (Mandarin) Bilingual · 5-9: Colonel Irvine School9.3 km
- Early French Immersion · K-6: Mayland Heights School3 km
- Early French Immersion · 7-9: Bob Edwards School2.2 km
- Early French Immersion · 10-12: Western Canada High School7.1 km
- Fine Arts · 7-9: St. Ambrose School19.1 km
- Fine Arts · 7-9: St. Alphonsus School5.3 km
- Hockey - High School Only · 10-12: Our Lady of the Rockies High School10.3 km
- International Baccalaureate (IB) Diploma · 10-12: Lester B. Pearson High School4.2 km
- Late French Immersion · 7-9: Bob Edwards School2.2 km
- Late French Immersion · 10-12: Western Canada High School7.1 km
- Montessori · K-6: Captain John Palliser School12.8 km
- Science · K-6: Valley View School1.2 km
- Science · 7-9: Ian Bazalgette School1.2 km
- Spanish Bilingual · K-6: Collingwood School10.3 km
- Spanish Bilingual · K-6: St. John Paul II School7.6 km
- Spanish Bilingual · 7-9: Senator Patrick Burns School11.1 km
- Traditional Learning Centre (TLC) · K-5: Chris Akkerman School2.7 km
- Traditional Learning Centre (TLC) · 6-9: Sir Wilfrid Laurier School1.1 km
Also nearby
- Holy Family SchoolElementary · Calgary Catholic1 km
In-zone designations come from Calgary Board of Education (2025-26) and Calgary Catholic School District (2026-27) attendance areas; nearby schools cover both boards. Contains information licensed under the Open Government Licence – City of Calgary. Distances are straight-line — always confirm enrolment with the school board.
Getting around
Transit
- 17 Avenue & 40 Street SE320 m
- 17 Avenue & 41 Street SE320 m
- Marlborough CTrain Station2.1 km
Parks
- Forest Lawn Pool groundsPocket Park160 m
- Forest Lawn Athletic ParkAthletic Park380 m
- Fonda ParkCommunity Park760 m
Transit stops from Calgary Transit and parks from City of Calgary open data (contains information licensed under the Open Government Licence – City of Calgary); distances are straight-line.
More on 40 Street SE
All homes on this street →About Forest Lawn
The typical assessed value in Forest Lawn is $467,000, across 2,043 homes.
Website provided by Kelly Grant
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Mortgage values are calculated by hômm and are provided for estimate purposes only.
The hômm Estimate is generated by an automated valuation model using publicly available data, including municipal property assessments. It is a general estimate only, not an appraisal.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®).