Price Reduction
Listed By:
Real Broker
Address
2622 42 Street Se, Calgary, AB
Price
$ 599,900
Property Attributes
  • ID#A2335671
  • TypeSingle Family
  • Listing Status Active
  • CityCalgary
  • AreaCAL Zone E
  • NeighbourhoodForest Lawn
  • Postal CodeT2B 1G7
  • StyleBungalow
  • Year Built1959
  • Price$ 599,900
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage990
  • Lot Size0.140037 Acres
Data Source:
Pillar 9 Technologies
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.

* Sold date and price as reported on the RAE's MLS® System.

Price History
8/9/2026 Listed $624,900
9/2/2026 5$599,900

General Features

Heating Forced Air
Cooling None
Roof Asphalt Shingle
Appliances Oven,Refrigerator,See Remarks,Washer/Dryer,Window Coverings
Zoning R-CG
Number of Garage Spaces 2
Restrictions None Known
Year Built 1959
Architectural Style Bungalow
Community Features Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Levels One
Property Subtype Detached
Transaction Type For Sale
County Calgary
Property Type Residential
Subdivision Name Forest Lawn
Parking Total 2
Construction Materials Wood Frame
District CAL Zone E
Full Baths 1
Status Active
City Calgary
Basement Development Finished
Structure Type House
Standard Status Active
Condo Type Not a Condo
Suite Yes

Interior Features

Interior Features See Remarks
Basement Full
Flooring Carpet,Linoleum
Basement Features Separate/Exterior Entry
Bedrooms Above Grade 3
Rooms Above Grade 6
Total Bedrooms 3
Below Grade Finished Area 0.00
Below Grade Finished Area Unit Type SquareFeet
Total Baths 1
Laundry Features In Basement
Main Level Finished Area 990.90
Main Level Finished Area Metres 92.06
Main Level Finished Area SF 990.90
Main Level Finished Area Srch Sq 990.90
Main Level Areas SquareFeet

Exterior Features

Exterior Features None
Lot Features Back Lane,Back Yard
Fencing Fenced
Inclusions N/A
Parking Features Double Garage Detached
Frontage Length 15.24M 50`0
Foundation Poured Concrete
Lot Size Acres 0.14
Garage Y/N Yes
Lot Size Square Feet 6100
Frontage Ft 50.00
Patio And Porch Features Front Porch

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T2B 1G7

Price
AVG $600K
$600K
Year Built
AVG 1959
1959
Visits
AVG 88
73
Data Provided by Inside Real Estate®

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