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    929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727

    929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727

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    929 38 Street SE
    Forest Lawn Calgary T2A 1A1

    $899,900
    Residential beds: 10 baths: 5.0 3,034 sq. ft. built: 1960

    Main Photo: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 1: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 2: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 3: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 4: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 5: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 6: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 7: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 8: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 9: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 10: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 11: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 12: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 13: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
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    Photo 17: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 18: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 19: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 20: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 21: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 22: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 23: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Photo 24: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
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    Photo 38: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
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    Photo 41: 929 38 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2282727
    Status:
    Active
    Prop. Type:
    Residential
    MLS® Num:
    A2282727
    Bedrooms:
    10
    Bathrooms:
    5
    Year Built:
    1960
    Exceptional high-income investment opportunity, with a potential monthly rent of $7100. And a potential cap rate of 6.85%. Featuring a 10 bedroom home with 8 beds above grade and a separate, fully legal 2 bedroom basement suite. This massive two-storey property is purpose-built for room-by-room rentals, with additional income potential from the legal basement suite and the option to rent out the garage separately. Multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring over 4000 sq ft of developed living space, the home features a highly functional layout designed for shared living. The upper floor is thoughtfully designed with seven bedrooms and three bathrooms, including one bedroom with a private full ensuite, a five-piece bathroom shared between bedrooms, and an additional four-piece Jack-and-Jill bathroom, providing excellent usability and privacy for multiple occupants. A spacious bonus room further enhances the layout, while the very open floor plan and large windows throughout flood the home with natural light and strongly enhance tenant appeal. A large front foyer creates an inviting first impression. The main floor offers additional living space and a separate laundry room, 1 bedroom and a 4 piece bath, while the fully self-contained LEGAL two-bedroom basement suite includes its own laundry and a generous living area, making the property exceptionally well suited for efficient room-by-room leasing or multi-family use. The home underwent a significant transformation in 2015, with upgrades including a newer roof, windows, hot water tank, updated kitchen, and renovated bathrooms, minimizing near-term capital expenditures. Solidly built, well maintained, and turnkey for income generation, this property offers both immediate revenue potential and long-term value.Additional investment highlights include: LEGAL basement suit, Double garage plus abundant on-site and street parking, Second entrance providing functional separation, Bright, open common areas enhanced by oversized windows, Prime location close to Marlborough Mall, 17 Avenue SE, LRT stations, schools, and major transit routes. Ideal for investors seeking strong monthly income, flexible rental configurations, and long-term appreciation in an established Calgary neighbourhood. A rare opportunity to secure a large-scale residential income property — book your showing today. City Assessment came in at 950 K.
    Property Type:
    Residential
    Property Sub Type:
    Detached
    Condo Type:
    Not a Condo
    Transaction Type:
    For Sale
    Possession:
    Possession Date:
    Suite:
    Yes
    Num Legal Suites:
    1
    Num Illegal Suites:
    0
    Home Style:
    2 Storey
    Total Living Area:
    3,034.2 sq. ft.
    Main Level Finished Area:
    1,264.12 sq. ft.
    Upper Level Finished Area:
    1,770.08 sq. ft.
    Lower Level Finished Area:
    Above Grade Finished Area:
    Below Grade Finished Area:
    1,264.12 sq. ft.
    Taxes:
    Tax Assessed Value:
    HOA Fee Includes:
    Acreage:
    No
    Lot Area:
    6,932 sq. ft.
    Lot Frontage:
    126'¼"
    Acres Cleared:
    Acres Cultivated:
    Acres Irrigated:
    Acres Leasehold:
    Acres Not Cultivated:
    Acres Freehold:
    Acres Seeded:
    Acres Tame Hay:
    Acres Treed:
    Acres Waste:
    Acres Water Rights:
    Front Exposure:
    South
    Reg. Size:
    Reg. Size Includes:
    Levels:
    Two
    Total Rooms Above Grade:
    13
    Year built:
    1960 (Age: 66)
    Bedrooms:
    10 (Above Grd: 8)
    Bedrooms Above Grade:
    8
    Bedrooms Below Grade:
    2
    Bathrooms:
    5.0 (Full:5, Half:0)
    Plan:
    6313HU
    Heating:
    Forced Air
    Basement:
    Full, Finished, Separate/Exterior Entry
    Foundation:
    Poured Concrete
    New Constr.:
    No
    Construction Material:
    Stucco, Wood Frame
    Structure Type:
    House
    Roof:
    Asphalt Shingle
    Ensuite:
    Yes
    Flooring:
    Ceramic Tile, Hardwood, Laminate
    Cooling:
    None
    Fireplaces:
    0
    Garage:
    Yes
    Garage Spaces:
    2
    Parking:
    Double Garage Attached, Driveway, Off Street, On Street, Oversized, Parking Pad, Stall
    Parking Places:
    11
    Parking Total/Covered:
    11 / -
    Laundry Features:
    In Basement, Main Level, Multiple Locations
    Southeast
    Forest Lawn
    Dishwasher, Dryer, Microwave, Refrigerator, Stove(s), Washer, Washer/Dryer, Window Coverings
    Furniture may be negotiable on an offer
    None Known
    Floor
    Type
    Size
    Other
    Main Floor
    Kitchen
    17'2" × 12'2"
    Main Floor
    Dining Room
    12'2" × 8'9"
    Main Floor
    Living Room
    18'9" × 14'5"
    Main Floor
    Foyer
    11' × 6'7"
    Main Floor
    Laundry
    9'8" × 7'9"
    Main Floor
    Bedroom
    13'5" × 10'8"
    Upper Level
    Bonus Room
    17'7" × 14'4"
    Upper Level
    Balcony
    12' × 7'6"
    Upper Level
    Bedroom
    10'2" × 8'10"
    Upper Level
    Bedroom
    12'5" × 11'9"
    Upper Level
    Bedroom - Primary
    12'6" × 11'9"
    Upper Level
    Bedroom
    10'2" × 8'10"
    Upper Level
    Bedroom
    11' × 10'2"
    Upper Level
    Bedroom
    12' × 8'1"
    Upper Level
    Bedroom
    13'8" × 11'3"
    Basement
    Kitchenette
    15' × 10'
    Basement
    Game Room
    18'1" × 15'
    Basement
    Laundry
    10' × 4'9"
    Basement
    Furnace/Utility Room
    13'7" × 5'11"
    Basement
    Bedroom
    10'6" × 8'8"
    Basement
    Bedroom
    10'1" × 8'8"
    Floor
    Ensuite
    Pieces
    Other
    Main Floor
    No
    5
    10'8" x 8'2"
    Upper Level
    No
    5
    12'1" x 4'11"
    Upper Level
    No
    4
    7'5" x 7'4"
    Upper Level
    Yes
    3
    10'3" x 4'11"
    Basement
    No
    4
    10' x 8'8"
    Title to Land:
    Fee Simple
    Community Features:
    Park, Playground, Schools Nearby, Shopping Nearby
    Interior Features:
    Breakfast Bar, Double Vanity, Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Recessed Lighting, Storage, Vinyl Windows
    Exterior Features:
    Balcony, Private Entrance
    Patio And Porch Features:
    Balcony(s)
    Lot Features:
    Corner Lot, Low Maintenance Landscape, Rectangular Lot
    Num. of Parcels:
    0
    Fencing:
    None
    Region:
    Calgary
    Zone:
    CAL Zone E
    Zoning:
    R-CG
    Listed Date:
    Jan 30, 2026
    Days on Mkt:
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    Listed by RE/MAX House of Real Estate
    Data was last updated February 19, 2026 at 10:05 AM (UTC)
    Area Statistics
    Listings on market:
    26
    Avg list price:
    $499,900
    Min list price:
    $149,900
    Max list price:
    $899,900
    Avg days on market:
    34
    Min days on market:
    1
    Max days on market:
    873
    Avg price per sq.ft.:
    $509.69
    These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations. This data is not produced by the MLS® system.
    CODY BATTERSHILL
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