2622 42 ST SE, Calgary, AB T2B 1G7
2622 42 ST SE, Calgary, AB T2B 1G7
2622 42 ST SE, Calgary, AB T2B 1G7
2622 42 ST SE, Calgary, AB T2B 1G7
2622 42 ST SE, Calgary, AB T2B 1G7
2622 42 ST SE, Calgary, AB T2B 1G7
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$ 624,900
Est. payment | /mo

3 Beds

1 Bath

990 SqFt


Save
$ 624,900
Est. payment | /mo
Save

3 Beds

1 Bath

990 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 990 sqft

Price per Sqft $631

Subdivision Forest Lawn

MLS® Listing ID A2335671

Style Bungalow

Bedrooms 3

Full Baths 1

Year Built 1959

Annual Tax Amount $3,271

Tax Year 2026

Lot Size 6,100 Sqft

Acres 0.14

Property Sub-Type Detached

Source Calgary

Property Description

An exceptional opportunity for developers, investors, and builders in a rapidly transforming inner-city corridor. Situated on a large 50' x 122' RC-G lot, this property comes with Development Permit (DP) approval from the City of Calgary for an 8-unit residential project, allowing you to fast-track your next development. This lot is exception for building as its a flat lot with no power poles and very few trees. The surrounding area is experiencing significant revitalization, with numerous newly completed and approved multi-family projects nearby, making this an outstanding investment in one of southeast Calgary's emerging redevelopment pockets.

The existing bungalow offers excellent holding income while you plan your project, featuring 3 bedrooms on the main floor and a 2-bedroom illegal basement suite with a separate entrance. Recent updates include new shingles on both the house and detached garage as well as a new sewer line from the home to the city connection. The main floor showcases original hardwood flooring beneath the living room carpet, a cozy wood-burning fireplace, a spacious kitchen and dining area, three generous bedrooms, and a full bathroom. The basement includes a shared laundry area, full kitchen, large living room, two bedrooms, a 3-piece bathroom, and additional storage.

Perfectly positioned at 2622 42 Street SE, this property offers exceptional convenience with schools, parks, playgrounds, public transit, and shopping all within walking distance. Residents will appreciate quick access to 17 Avenue SE (International Avenue), a vibrant destination known for its diverse restaurants, cafés, grocery stores, and everyday amenities. Major routes including Memorial Drive, Deerfoot Trail, and Stoney Trail provide easy commuting throughout Calgary, while downtown is just a short drive away.

Whether you're looking to develop immediately with an approved 8-unit project, hold as an income-producing property, or renovate for future appreciation, opportunities like this are becoming increasingly rare. Don't miss your chance to secure a prime redevelopment property in a thriving, high-growth location.

Location

State AB

County Calgary

Area Cal Zone E

Zoning R-CG

Direction W

Rooms

Basement Full

Interior

Interior Features See Remarks

Heating Forced Air

Cooling None

Flooring Carpet, Linoleum

Appliance Oven, Refrigerator, See Remarks, Washer/Dryer, Window Coverings

Laundry In Basement

Exterior

Parking Features Double Garage Detached

Garage Spaces 2.0

Fence Fenced

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Roof Type Asphalt Shingle

Porch Front Porch

Lot Frontage 50.0

Total Parking Spaces 2

Garage 1

Building

Lot Description Back Lane, Back Yard

Foundation Poured Concrete

Architectural Style Bungalow

Level or Stories One

Structure Type Wood Frame

Others

Restrictions None Known

Tax ID 112583039

Ownership Private

Listed by Real Broker

Nearby Locations

A.J Paima Realtor

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2622 42 ST SE