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    2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702

    2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702

    Begin your search of East Calgary homes for sale listed on the MLS® below! The East is home to just 14 communities, making it the smallest district in Calgary. It's also one of the most affordable to live in, with house and condo / townhome prices averaging less than all other districts.

    To learn more about East Calgary real estate or to schedule a private showing of a listing below, contact an experienced Realtor® with RE/MAX House of Real Estate today!

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    2040 47 Street SE
    Forest Lawn Calgary T2B 1L3

    $590,000
    Residential beds: 4 baths: 2.0 1,049 sq. ft. built: 1959

    Main Photo: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 1: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 2: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 3: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 4: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 5: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 6: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 7: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 8: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
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    Photo 12: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
    Photo 13: 2040 47 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2233702
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    Status:
    Active
    Prop. Type:
    Residential
    MLS® Num:
    A2233702
    Bedrooms:
    4
    Bathrooms:
    2
    Year Built:
    1959
    Incredible Investment Opportunity on a Prime Corner Lot! This classic bungalow sits on an RC-G zoned corner lot measuring 6,600 sq ft with 55 feet of frontage—perfect for redevelopment or holding as a high-potential income property. Ideally located roughly 15 minutes from downtown and with a wide range of amenities that are even closer, this property is perfect for investors, developers, or homeowners seeking versatility. Situated close to transit, schools, parks, and numerous amenities, this location is unbeatable. Offering close to 2,000 sq ft of developed living space, the home features a spacious main floor and a large illegal basement suite—ideal for live-up/rent-down or full rental income. The double detached garage adds extra value and functionality. The RC-G zoning allows for a variety of redevelopment options including row housing or multi-family housing, making this a standout opportunity in a sought-after area. Whether you're looking to invest, redevelop, or live with rental income, this property checks all the boxes. Don’t miss this rare chance to secure a valuable piece of real estate with significant upside.
    Property Type:
    Residential
    Property Sub Type:
    Detached
    Condo Type:
    Not a Condo
    Transaction Type:
    For Sale
    Possession:
    Possession Date:
    Suite:
    Suite - Illegal
    Home Style:
    Bungalow
    Total Living Area:
    1,049 sq. ft.
    Main Level Finished Area:
    1,049 sq. ft.
    Lower Level Finished Area:
    Above Grade Finished Area:
    Below Grade Finished Area:
    716 sq. ft.
    Taxes:
    Tax Assessed Value:
    HOA Fee Includes:
    Lot Area:
    6,609 sq. ft.
    Lot Frontage:
    54'⅛"
    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:
    West
    Reg. Size:
    Reg. Size Includes:
    Levels:
    One
    Total Rooms Above Grade:
    6
    Year built:
    1959 (Age: 66)
    Bedrooms:
    4 (Above Grd: 3)
    Bedrooms Above Grade:
    3
    Bedrooms Below Grade:
    1
    Bathrooms:
    2.0 (Full:2, Half:0)
    Plan:
    8779HP
    Heating:
    Forced Air
    Basement:
    Separate/Exterior Entry, Full, Suite
    Foundation:
    Poured Concrete
    New Constr.:
    No
    Construction Material:
    Stucco, Wood Frame, Wood Siding
    Structure Type:
    House
    Roof:
    Asphalt Shingle
    Ensuite:
    No
    Flooring:
    Ceramic Tile, Hardwood, Linoleum
    Cooling:
    None
    Fireplaces:
    0
    Garage:
    1
    Garage Spaces:
    2
    Parking:
    Double Garage Detached, Driveway, Oversized
    Parking Places:
    5
    Parking Total/Covered:
    5 / -
    Laundry Features:
    In Basement
    Forest Lawn
    Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
    Basement: Refrigerator, Electric Stove, Hood Fan
    None Known
    Floor
    Type
    Size
    Other
    Main Floor
    Kitchen
    17'6" × 11'2"
    Main Floor
    Dining Room
    9'8" × 8'7"
    Main Floor
    Living Room
    13'6" × 12'4"
    Main Floor
    Bedroom
    14' × 9'11"
    Main Floor
    Bedroom
    10'9" × 8'
    Main Floor
    Bedroom
    10'3" × 8'8"
    Basement
    Kitchen
    17'9" × 10'
    Basement
    Living Room
    14'11" × 12'9"
    Basement
    Laundry
    10'4" × 8'6"
    Basement
    Bedroom
    16'9" × 10'4"
    Floor
    Ensuite
    Pieces
    Other
    Main Floor
    No
    4
    4'11" x 6'10"
    Basement
    No
    4
    7'4" x 8'5"
    Title to Land:
    Fee Simple
    Community Features:
    Park, Playground, Schools Nearby, Shopping Nearby
    Interior Features:
    Ceiling Fan(s), See Remarks
    Exterior Features:
    Other
    Patio And Porch Features:
    None
    Lot Features:
    Back Lane, Back Yard, Corner Lot
    Num. of Parcels:
    0
    Fencing:
    Fenced
    Region:
    Calgary
    Zone:
    CAL Zone E
    Zoning:
    R-CG
    Listed Date:
    Jun 27, 2025
    Days on Mkt:
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    Virtual Tour

    Listed by Real Broker
    Data was last updated July 1, 2025 at 02:05 AM (UTC)
    Area Statistics
    Listings on market:
    28
    Avg list price:
    $544,950
    Min list price:
    $157,000
    Max list price:
    $724,999
    Avg days on market:
    39
    Min days on market:
    3
    Max days on market:
    639
    Avg price per sq.ft.:
    $563.56
    These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations.
    CODY BATTERSHILL
    powered by myRealPage.com

    Why Choose East Calgary Real Estate?

    • Most affordable district in the city with a diverse real estate portfolio
    • Easy access to Stoney Trail ring road and Deerfoot Trail
    • Shopping at Marlborough Mall, Pacific Place, 17th Avenue SE, East Hills Shopping Centre
    • Close to the Bow River and its network of parks and pathways
    • Home to several tight-knit ethnic community centres with members from all over the city
    • Close to work for commercial / industrial employees in east / southeast districts

    East Calgary Communities

    Homes for sale in East Calgary are some of the best priced in the city. From one-bedroom condos to single-family homes, buyers also have a wide selection of property types to choose from when considering a move to the area.

    Excellent prices bring great opportunities for first-time home buyers and those looking to purchase an investment property in Calgary.

    Living in East Calgary also means quick-and-easy access to the Stoney Trail ring road which makes it easy to get to other districts of the city.

    A new amenity complex was recently built on the east side of Stoney Trail with a Costco, Mark's Work Warehouse, Walmart and several more "outlet" style stores. It's the perfect one-stop-shop for you and your family.

    Hidden gems on 17th Avenue SE (also known as International Avenue") are found everywhere. Restaurants and shops galore, many of which offer ethnic foods and good of all sorts.

    East Calgary Real Estate Agents

    On the search for that perfect home for sale in East Calgary? Thinking about selling your current property? Our Calgary Realtors® have the knowledge, skillset and expertise to help guide you towards a successful transaction and would love to discuss your real estate goals with you!

    Contact Cody & Jordan with RE/MAX House of Real Estate at 403-370-4008 if you have questions or would like us to set up a showing for you! Get a Free Home Evaluation for your property in East Calgary today!

    We are looking forward to helping you accomplish your real estate goals!

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