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Data Last Updated March 1, 2026, 4:29 am

 
Courtesy of Real Broker

Forest Lawn Bungalow
Bedrooms 3 Bathrooms 2 Parking 2
No Floor Plan Available
$474,900
MLS® #:  A2285724
Address:  1816 42 Street
Size: 850 sq. ft.
Days On Website:  ACCESS Days on Website

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Descriptions:

CHECK OUT OUR 24/7 VIRTUAL OPEN HOUSE! Investors and savvy buyers—this is a rare inner-city opportunity with M-C1 zoning, offering long-term redevelopment potential (multi-residential density, up to 4 storeys, subject to city approval). Pair that with an existing legal up/down suite, and you’ve got the best of both worlds: income today + upside tomorrow. This beautifully maintained bungalow features 2 bedrooms and a 4-piece bath on the main level, plus a legal 1-bedroom basement suite with a 3-piece bath—ideal for investors, multi-generational living, downsizers, or owner-occupants wanting a reliable mortgage helper. The main floor has been tastefully refreshed with warm vinyl plank flooring, fresh paint and trim, and refurbished kitchen cabinets, creating a bright and welcoming space. Downstairs, the fully finished legal suite offers excellent flexibility for rental income or extended family. Outside, you’ll appreciate the large, level lot with extra rear/side parking (perfect for a boat or small RV), plus a double garage off the back lane for secure parking and storage. Added bonus: a new roof on both the house and garage (2024) for peace of mind. Centrally located close to Deerfoot Tr, shopping, schools, and public transit make this home perfect for any family at any stage of life. Whether you’re building your portfolio, planning future redevelopment, or looking for a home that helps pay for itself, this one checks all the boxes.

Status: Active
Includes: N/A
Site Influences:
Back Lane, Back Yard, Landscaped, Low Maintenance Landscape, Rectangular Lot
Legal Description:
ACCESS Legal Description
Location & Listing Info:
Zoning: M-C1
Neighbourhood: Forest Lawn
Lot Size: 0.12 sq.ft.
Lot Shape: Back Lane,Back Yard,Landscaped,Low Maintenance Landscape,Rectangular Lot
Zone: Zone E
County: Calgary
Property Info:
Property Type: Residential Detached Single Family
Home Style: Bungalow
Year Built: 1959
Total Floor Area: 850 sq. ft.
Brokerage: Real Broker
Construction Type: Brick,Stucco,Vinyl Siding,Wood Frame
Front Exposure: W
Exterior:
Exterior: Brick, Stucco, Vinyl Siding, Wood Frame
Construction: Brick,Stucco,Vinyl Siding,Wood Frame
Frontage: 13.26M 43`6"
Front Exposure: W
Roof: Asphalt Shingle
Financial & Possession:
Tax: ACCESS Taxes
Possession: ACCESS Possession
Occupancy: ACCESS Occupancy
Seller's Rights Reserved: ACCESS Seller's Rights Reserved
Rooms:
Total Bedrooms: 3  (Bedrooms Above: 2)
Bathrooms: Full: 2 / Half: 0
Rooms Above: 4
Ensuite: No
Parking Plan Type: Alley Access,Double Garage Detached,Parking Pad,RV Access/Parking
Garage: 1
Additional Info:
Heating: Forced Air
Basement: Full
Basement Type: Full
Floor Finish: Laminate, Linoleum, Vinyl Plank
Fireplace Details: For Sale
Parking: Alley Access, Double Garage Detached, Parking Pad, RV Access/Parking
Total Parking:
Restrictions: Contact for Restrictions
Heating Type: Forced Air
Heating Fuel: Forced Air
Restrictions: None Known
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For viewing call 403-667-3618
Contact Aaron Wolfman -
8180 Macleod Trail SE, Calgary, Alberta, T2H 2B8
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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