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FOREST LAWN

1502 40 Street Se, Calgary, AB

$649,900

Residential · MLS® A2323322
5Bedrooms
2Bathrooms
940.46Sq Ft
4Garage
1958Year Built
02 / Overview

PROPERTY OVERVIEW

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, AN ILLEGAL BASEMENT SUITE, 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...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area940.46 sq ft
Lot Size5,102 sq ft
ZoningR-CG
HeatingCentral • Mid Efficiency • Forced Air • Natural Gas
CoolingNone
ParkingDouble Garage Detached • Off Street
ExteriorGarden • Private Yard
BasementFull
Year Built1958
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$214After mortgage & expenses
Cap Rate4.9%Based on market rents
Cash on Cash Return2.0%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
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Investment Score69/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Peter Pasion · CIR Realty