1816 42 Street Se Calgary, Alberta T2B 1E9
$474,900
CHECK OUT OUR 24/7 VIRTUAL OPEN HOUSE!Investors and savvy buyers—this is a rare inner-city opportunity with M-C1 zoning, offering long-term redevelopment potential (multi-residential density, up to 4 storeys, subject to city approval). Pair that with an existing legal up/down suite, and you’ve got the best of both worlds: income today + upside tomorrow.This beautifully maintained bungalow features 2 bedrooms and a 4-piece bath on the main level, plus a legal 1-bedroom basement suite with a 3-piece bath—ideal for investors, multi-generational living, downsizers, or owner-occupants wanting a reliable mortgage helper.The main floor has been tastefully refreshed with warm vinyl plank flooring, fresh paint and trim, and refurbished kitchen cabinets, creating a bright and welcoming space. Downstairs, the fully finished legal suite offers excellent flexibility for rental income or extended family.Outside, you’ll appreciate the large, level lot with extra rear/side parking (perfect for a boat or small RV), plus a double garage off the back lane for secure parking and storage. Added bonus: a new roof on both the house and garage (2024) for peace of mind.Centrally located close to Deerfoot Tr, shopping, schools, and public transit make this home perfect for any family at any stage of life. Whether you’re building your portfolio, planning future redevelopment, or looking for a home that helps pay for itself, this one checks all the boxes. (id:58331)
Property Details
| MLS® Number | A2285724 |
| Property Type | Single Family |
| Community Name | Forest Lawn |
| Amenities Near By | Schools, Shopping |
| Features | See Remarks, Back Lane |
| Parking Space Total | 2 |
| Plan | 1883gr |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 3 |
| Appliances | Washer, Refrigerator, Range - Electric, Dryer, Hood Fan, Window Coverings, Garage Door Opener |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Suite |
| Basement Type | Full (finished) |
| Constructed Date | 1959 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Stucco, Vinyl Siding |
| Flooring Type | Laminate, Linoleum, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 850 Ft2 |
| Total Finished Area | 850 Sqft |
| Type | House |
Parking
| Detached Garage | 2 |
| Parking Pad | |
| R V |
Land
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Schools, Shopping |
| Landscape Features | Landscaped |
| Size Depth | 37.21 M |
| Size Frontage | 13.26 M |
| Size Irregular | 493.00 |
| Size Total | 493 M2|4,051 - 7,250 Sqft |
| Size Total Text | 493 M2|4,051 - 7,250 Sqft |
| Zoning Description | M-c1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Kitchen | 12.33 Ft x 8.42 Ft | ||
| Basement | Dining Room | 12.33 Ft x 5.92 Ft | ||
| Basement | Recreational, Games Room | 12.33 Ft x 13.92 Ft | ||
| Basement | Bedroom | 12.58 Ft x 9.00 Ft | ||
| Basement | 3pc Bathroom | 5.25 Ft x 5.58 Ft | ||
| Basement | Furnace | 12.42 Ft x 9.83 Ft | ||
| Main Level | Living Room | 14.08 Ft x 18.25 Ft | ||
| Main Level | Kitchen | 13.75 Ft x 13.50 Ft | ||
| Main Level | Primary Bedroom | 12.00 Ft x 10.50 Ft | ||
| Main Level | Bedroom | 10.25 Ft x 10.08 Ft | ||
| Main Level | 4pc Bathroom | 10.17 Ft x 4.92 Ft |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 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. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
February 17 2026 04:51:16
Calgary Real Estate Board
Real Broker
