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    1502 40 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2323322

    1502 40 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2323322

    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.

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    1502 40 Street SE
    Forest Lawn Calgary T2A 1K2

    $649,900
    Residential beds: 5 baths: 2.0 940 sq. ft. built: 1958

    Main Photo: 1502 40 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2323322
    Photo 1: 1502 40 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2323322
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    Status:
    Active
    Prop. Type:
    Residential
    MLS® Num:
    A2323322
    Bedrooms:
    5
    Bathrooms:
    2
    Year Built:
    1958
    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 functional kitchen with ample cabinetry and dining space, a generous PRIMARY BEDROOM, two additional bedrooms, and a full 4-piece bathroom. The fully developed basement features a SEPARATE ENTRANCE, its own kitchen, a large recreation/living area, 2 ADDITIONAL BEDROOMS, a 3-piece bathroom, laundry area, and plenty of storage space—providing excellent flexibility for extended family living or mortgage-helper potential. Recent upgrades include an UPGRADED WASHER AND DRYER and a NEWER HOT WATER TANK, offering added value and peace of mind. Additional conveniences include a CENTRAL VACUUM SYSTEM and a WHOLE-HOUSE WATER FILTRATION SYSTEM, enhancing everyday comfort and functionality. Outside, you'll appreciate the beautifully maintained yard, LARGE PRIVATE BACKYARD, expansive patio area, and an impressive OVERSIZED DOUBLE DETACHED GARAGE with approximately 597 SQ. FT. OF SPACE, perfect for vehicles, tools, hobbies, workshop use, or additional storage. Ample off-street parking further adds to the property's appeal. Ideally located close to schools, shopping, public transit, parks, playgrounds, major roadways, and downtown Calgary, this property offers the perfect blend of convenience, versatility, and income potential. Whether you're looking to live up and rent down, accommodate a growing or multi-generational family, or add a solid revenue property to your investment portfolio, this home delivers exceptional value and endless possibilities. DON'T MISS THIS INCREDIBLE OPPORTUNITY!
    Property Type:
    Residential
    Property Sub Type:
    Detached
    Condo Type:
    Not a Condo
    Transaction Type:
    For Sale
    Possession:
    Possession Date:
    Suite:
    Yes
    Num Legal Suites:
    0
    Num Illegal Suites:
    1
    Home Style:
    Bungalow
    Total Living Area:
    940.46 sq. ft.
    Main Level Finished Area:
    940.46 sq. ft.
    Lower Level Finished Area:
    Above Grade Finished Area:
    Below Grade Finished Area:
    896.19 sq. ft.
    Taxes:
    Tax Assessed Value:
    HOA Fee Includes:
    Acreage:
    No
    Lot Area:
    5,102 sq. ft.
    Lot Frontage:
    50'
    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:
    Unit Exposure:
    West
    Levels:
    Bi-Level
    Total Rooms Above Grade:
    6
    Year built:
    1958 (Age: 68)
    Bedrooms:
    5 (Above Grd: 3)
    Bedrooms Above Grade:
    3
    Bedrooms Below Grade:
    2
    Bathrooms:
    2.0 (Full:2, Half:0)
    Plan:
    7113GW
    Heating:
    Central, Mid Efficiency, Forced Air, Natural Gas
    Basement:
    Full, Finished, Separate/Exterior Entry
    Foundation:
    Brick/Mortar
    New Constr.:
    No
    Construction Material:
    Brick
    Structure Type:
    House
    Roof:
    Shingle
    Ensuite:
    No
    Flooring:
    Laminate
    Cooling:
    None
    Fireplaces:
    2
    Fireplace Details:
    Wood Burning
    Garage:
    Yes
    Garage Spaces:
    4
    Parking:
    Double Garage Detached, Off Street
    Parking Places:
    4
    Parking Total/Covered:
    4 / -
    Laundry Features:
    Laundry Room
    Southeast
    Forest Lawn
    Electric Cooktop, Electric Oven, Range Hood, Refrigerator, Washer/Dryer
    NONE
    None Known
    Floor
    Type
    Size
    Other
    Main Floor
    Bedroom
    10'8" × 10'4"
    Main Floor
    Bedroom
    12'2" × 10'
    Main Floor
    Hall
    9'10" × 3'
    Main Floor
    Kitchen With Eating Area
    13'5" × 12'1"
    Main Floor
    Living Room
    15'10" × 14'3"
    Main Floor
    Bedroom - Primary
    12'2" × 11'10"
    Basement
    Bedroom
    12'7" × 11'6"
    Basement
    Bedroom
    10'5" × 10'3"
    Basement
    Hall
    8'8" × 3'4"
    Basement
    Hall
    8'11" × 7'1"
    Basement
    Kitchen
    10'4" × 8'1"
    Basement
    Laundry
    12'7" × 7'3"
    Basement
    Game Room
    13' × 10'6"
    Basement
    Storage
    7'8" × 3'8"
    Basement
    Furnace/Utility Room
    5'11" × 4'4"
    Basement
    Furnace/Utility Room
    1'10" × 1'5"
    Floor
    Ensuite
    Pieces
    Other
    Main Floor
    No
    4
    5'2" x 10'10"
    Basement
    No
    3
    6'5" x 7'1"
    Title to Land:
    Fee Simple
    Community Features:
    Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
    Interior Features:
    Ceiling Fan(s), Central Vacuum, No Animal Home, No Smoking Home, See Remarks, Separate Entrance, Storage, Vinyl Windows
    Exterior Features:
    Garden, Private Yard
    Patio And Porch Features:
    Patio
    Lot Features:
    Back Lane, Back Yard, Corner Lot, Front Yard, Garden, Landscaped, Lawn, Standard Shaped Lot, Street Lighting, Treed
    Num. of Parcels:
    0
    Fencing:
    Fenced
    Region:
    Calgary
    Zone:
    CAL Zone E
    Zoning:
    R-CG
    Listed Date:
    Jun 23, 2026
    Days on Mkt:
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    Listed by CIR Realty
    Data was last updated June 26, 2026 at 12:05 PM (UTC)
    Area Statistics
    Listings on market:
    31
    Avg list price:
    $479,000
    Min list price:
    $115,000
    Max list price:
    $679,000
    Avg days on market:
    30
    Min days on market:
    3
    Max days on market:
    312
    Avg price per sq.ft.:
    $510.2
    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
    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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