1316 38 Street SE Calgary

1316 38 Street SE, Calgary, Alberta

$599,900

  • 4 Beds
  • 2 Baths
  • 956 Square Feet

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! (id:59963)

  • Listing ID: A2203298
  • Property Type: Single Family
  • Year Built: 1958

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Rooms

LevelTypeDimensions
Laundry room Basement 9.50 Ft x 6.00 Ft
Kitchen Basement 9.92 Ft x 7.67 Ft
Family room Basement 11.58 Ft x 19.67 Ft
4pc Bathroom Basement 5.00 Ft x 9.42 Ft
Furnace Basement 4.17 Ft x 6.75 Ft
Bedroom Basement 21.58 Ft x 12.50 Ft
Living room Main level 7.92 Ft x 12.75 Ft
Dining room Main level 5.92 Ft x 15.67 Ft
Kitchen Main level 9.08 Ft x 13.75 Ft
4pc Bathroom Main level 9.08 Ft x 5.00 Ft
Bedroom Main level 10.33 Ft x 8.25 Ft
Bedroom Main level 9.08 Ft x 13.25 Ft
Primary Bedroom Main level 13.83 Ft x 9.67 Ft

Details

  • Architectural Style: Bungalow
  • Amenities Nearby: Park, Playground, Schools, Shopping
  • Features: See remarks, Other, Back lane, French door, Closet Organizers
  • Ownership: Freehold
  • Parking Spaces: 4
  • Plan: 2628HJ
  • Structure: Deck, See Remarks
  • Transaction: For sale
  • Zoning Description: R-CG

Building

  • Appliances: Refrigerator, Dishwasher, Stove, Hood Fan, Washer & Dryer
  • Architectural Style: Bungalow
  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Basement Features: Separate entrance, Suite
  • Bedrooms Main Level: 3
  • Bedrooms Lower Level: 1
  • Constructed Date: 1958
  • Constructed Material: Wood frame
  • Construction Style Attachment: Detached
  • Cooling: None
  • Fireplace Present: False
  • Flooring: Carpeted, Laminate, Tile
  • Foundation: Poured Concrete
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Size Interior: 956 sqft
  • Stories Total: 1
  • Total Finished Area: 955.6 sqft
  • Type: House

Land

  • Amenities: Park, Playground, Schools, Shopping
  • Fence: Cross fenced
  • Landscape Features: Lawn
  • Size Frontage: 15.24 m
  • Size Irregular: 585.00
  • Size Total: 585 m2|4,051 - 7,250 sqft
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1316 38 Street SE in Calgary Ontario. It was last modified on March 17th, 2025. Contact Nadya Judson to schedule a viewing or to discover other Calgary real estate for sale.

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