All photos · 50
1502 40 Street SE
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!
- Listed
- Aug 30, 2026
- Property type
- Detached
- Year built
- 1958
- Parking total
- 4
- Basement
- Full
- Heating
- Central, Mid Efficiency, Forced Air, Natural Gas
- Cooling
- None
| 4pc Bathroom | Main | 10'10" x 5'2" |
| Bedroom | Main | 10'8" x 10'4" |
| Bedroom | Main | 12'2" x 10'0" |
| Hall | Main | 9'10" x 3'0" |
| Kitchen With Eating Area | Main | 13'5" x 12'1" |
| Living Room | Main | 15'10" x 14'3" |
| Bedroom - Primary | Main | 12'2" x 11'10" |
| 3pc Bathroom | Basement | 7'1" x 6'5" |
| Bedroom | Basement | 12'7" x 11'6" |
| Bedroom | Basement | 10'5" x 10'3" |
| Hall | Basement | 8'8" x 3'4" |
| Hall | Basement | 8'11" x 7'1" |
| Kitchen | Basement | 10'4" x 8'1" |
| Laundry | Basement | 12'7" x 7'3" |
| Game Room | Basement | 13'0" x 10'6" |
| Storage | Basement | 7'8" x 3'8" |
| Furnace/Utility Room | Basement | 5'11" x 4'4" |
| Furnace/Utility Room | Basement | 1'10" x 1'5" |
Measurements deemed reliable but not guaranteed.
Pin placed at the coordinates supplied by the MLS® System.
Estimated monthly payment
$2,849
Down payment: $116,000 · Loan: $464,000
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
CIR Realty · Listing agent Peter Pasion
MLS®# A2341465 · Last modified 2026-10-01
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™.
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All measurements and property details are deemed reliable but are not guaranteed and should be independently verified.
James Hughes, REALTOR® · CIR Realty