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.
Address
2040 47 Street SE
List Price
$590,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Calgary E
Sub-Area
Forest Lawn
Bedrooms
4
Bathrooms
2
Floor Area
1,049 Sq. Ft.
Lot Size
6609 Sq M.
Year Built
1959
MLS® Number
A2233702
Listing Brokerage
Real Broker
Basement Area
Separate/Exterior Entry, Full, Suite
Postal Code
T2B 1L3
Zoning
R-CG
Site Influences
Back Lane, Back Yard, Corner Lot, Schools Nearby, Shopping Nearby, Park, Playground