An incredible opportunity for investors, builders, and developers, this rare RC-G zoned CORNER LOT with a back lane spans 50 x 126 feet, offering the potential to develop a 4-plex with legal suites for up to eight units, subject to city approval. Located on a quiet street just a few blocks from schools, the property features a fully fenced oversized lot. The main floor includes two bedrooms, a full bathroom, a large living room, a sitting room, and a bright solarium overlooking the backyard. Basement features a separate entrance, with a kitchen, two bedrooms and bath. A single detached garage and ample street parking add convenience, while the surrounding area continues to grow with new developments along 17 Ave SE. Whether you're looking to build now or hold for future development, this property presents an exceptional chance to live, rent, and invest, with a long-term tenant already in place. Don’t miss out on this prime development opportunity with endless potential—act now!
For sale
C$599,900
2401 E 40th St SE, Calgary, AB T2B 1C1
5beds
1,333sqft
Single Family Residence
Built in 1959
6,098.4 Square Feet Lot
$-- Zestimate®
C$450/sqft
C$-- HOA
What's special
Corner lotBack laneFully fenced oversized lotSitting roomBright solarium
- 43 days
- on Zillow |
- 24 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 28, 2025 at 12:50am
Listed by:
Tisha Mckenna, Associate,
Keller Williams Bold Realty
Source: courtesy of Pillar9 System,MLS®#: A2202406
Originating MLS®#: Calgary

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Other
- Level: Main
- Dimensions: 32`10" x 39`4"
Bedroom
- Level: Main
- Dimensions: 30`11" x 33`1"
Bedroom
- Level: Basement
- Dimensions: 39`1" x 37`2"
Bedroom
- Level: Basement
- Dimensions: 31`9" x 29`3"
Bedroom
- Level: Main
- Dimensions: 30`11" x 29`6"
Other
- Level: Main
- Dimensions: 21`4" x 24`1"
Other
- Level: Basement
- Dimensions: 21`4" x 19`11"
Game room
- Level: Basement
- Dimensions: 39`1" x 49`6"
Kitchen
- Level: Basement
- Dimensions: 39`1" x 38`0"
Kitchen
- Level: Main
- Dimensions: 33`1" x 62`7"
Laundry
- Level: Basement
- Dimensions: 32`7" x 18`10"
Living room
- Level: Main
- Dimensions: 42`5" x 56`4"
Living room
- Level: Main
- Dimensions: 43`6" x 31`9"
Office
- Level: Main
- Dimensions: 61`6" x 27`1"
Storage
- Level: Basement
- Dimensions: 27`4" x 8`9"
Other
- Level: Main
- Dimensions: 23`0" x 21`7"
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Built-In Oven, Built-In Refrigerator, Dishwasher, Electric Cooktop, Oven, Refrigerator, Washer/Dryer
- Laundry: In Basement
Features
- See Remarks
- Flooring: Carpet, Ceramic Tile, Laminate, Linoleum
- Windows: Window Coverings
- Basement: Separate/Exterior Entry,Finished,Full
- Has fireplace: No
Interior area
- Total interior livable area: 1,333 sqft
Property
Parking
- Total spaces: 2
- Parking features: Double Garage Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: None
- Fencing: Fenced
- Frontage length: 15.24M 50`0"
Lot
- Size: 6,098.4 Square Feet
- Features: Back Lane, Corner Lot, Level
Details
- Parcel number: 95477276
- Zoning: R-CG
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Stucco, Vinyl Siding, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 1959
Community & HOA
Community
- Features: Park, Playground, Sidewalks, Street Lights
- Subdivision: Forest Lawn
HOA
- Has HOA: No
Location
- Region: Calgary
Financial & listing details
- Price per square foot: C$450/sqft
- Date on market: 3/16/2025
- Inclusions: NA
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