A rare FULL DUPLEX OPPORTUNITY with exceptional flexibility, multiple (FOUR) existing living spaces and incredible potential for an investor, multi-generational household, or owner looking to offset their mortgage with rental income. Offering over 3200sf above grade between both sides, this unique property provides a variety of possibilities both now and in the future.
One side features a spacious 1760sf TWO STOREY HOME WITH FULLY DEVELOPED BASEMENT. Keep the home as one large residence, live here while generating income from the neighbouring units, or explore the potential to create an additional basement suite with its own separate entrance (subject to city requirements). The two storey side does require some TLC, but its size and layout offer an excellent opportunity to renovate and add value.
The adjoining 1450sf BUNGALOW adds even more versatility. Its lower level already includes an EXISTING 1-BEDROOM LEGAL SUITE, along with an ADDITIONAL STUDIO STYLE LIVING SPACE with a kitchenette. The bungalow also benefits from an existing SEPARATE SIDE ENTRANCE, helping provide privacy and independence between living areas.
For an investor with vision, the property offers the potential for UP TO FIVE SELF-CONTAINED LIVING SPACES across the entire duplex (subject to city requirements). Alternatively, occupy one side and rent the other, accommodate extended family while maintaining separate spaces, or simply hold the property as a substantial full-duplex rental.
Outside, the property is already well designed for multiple households. The backyards are SEPARATELY FENCES, each with its own access to the EXPANSIVE REAR PARKING PAD spanning the width of the property. There is also significant potential to further develop the parking area with up to two garages or one oversized garage.
Big properties create big possibilities, and this one offers a combination of space, existing rental infrastructure and future value-add potential that is difficult to find. Whether your vision is a multi-unit investment, mortgage-helper setup, multi-generational property or renovation project, there is plenty here to work with.More details
Click brochure link for more details** One of a Kind Professionally Renovated Top to Bottom 1150sq.ft. Main Floor: 2 Bedrooms, Forced Air Furnace + A/C Heat Pump, Double Oven, Side by Side Fridge, Dishwasher, Sounds Around System Throughout Interior and Exterior Deck, Large 2 -tier Deck, Eight Person Hot Tub With 82 jets, Gas Barbeque Hook up, Outdoor Pet Washing Area on Deck H/C Water, Alarm system, Central Vacuum System, Alarm System, Washer/Dryer, Kinetic Soft Water System. -Basement: Legal Secondary Suite $1300 per month, Private Entrance, 1 Bedroom With Walk in Closet, Soundproofing Ceiling With Flush Mounted Pot Lights Throughout, Full Kitchen, With All Appliances Four Piece Bathroom, Stackable Washer and Dryer, Alarm System -Land: Fenced 6' High, Custom Gates, Underground Sprinklers, 8'x10' Garden Shed. Garage: Triple Car Garage 850 sq. ft., With 13' Ceiling, Car Lift Ready, in Floor Heating + Overhead Gas Furnace, 80 Gallon Compressor Plumbed to all Interior Walls, Checker Plated Work Benches Both With Solid Oak Tops, Floor to Ceiling Storage Racks, 30' Full Length Mezzanine on Single Garage Door Side, Stereo System and Speakers, Privacy Wall for RV Parking With a 30 Amp RV Plug 10 Min. From City Centre, 20 min. to Airport
2211 45 Street SE Calgary AlbertaMore details
RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTION
Investors and developers — this is an opportunity to acquire an already-approved multi-family infill project and bypass much of the time, cost and uncertainty normally associated with starting a new development.
Located in Calgary's Forest Lawn redevelopment corridor, this 50' x 122' R-CG site has an APPROVED Development Permit for TWO DUPLEXES containing EIGHT self-contained residential units**, plus FOUR detached garages. 8 UNITS. APPROVED DESIGN. SIGNIFICANT TIME SAVINGS.
The approved project provides approximately:
8 self-contained residential units, approximately 1,270 sq. ft. above grade per unit, approximately 500 sq. ft. of developed legal basement space/ unit, 4 detached garages, 2 modern duplex buildings, Approved Development Permit, DSSP approval, Building plans available, Demolition process underway.
This is not a speculative rezoning play. The development entitlement is already substantially advanced, allowing the next owner to focus on financing, Building Permit completion and construction rather than starting the planning process from zero.
BUILT FOR INVESTORS AND DEVELOPERS
The property offers multiple potential exit strategies:
BUILD & SELL: Construct and sell the completed units individually, subject to market conditions and applicable requirements.
BUILD & HOLD: Retain the completed units as a multi-family rental portfolio and build long-term equity and rental income.
DEVELOP & PARTNER: A qualified investor or developer can potentially structure a joint venture using the approved development as the foundation for the project.
FINANCING STRATEGY: The approved eight-unit configuration may be suitable for financing strategies available to qualifying multi-family projects, including potential CMHC programs, subject to current program requirements, lender approval and project eligibility.
The purchaser acquires an opportunity with an approved Development Permit, approved development configuration and supporting plans already in place, creating a substantially shorter path toward construction.
The seller is also prepared to assist with the applicable partial Building Permit process, subject to City requirements and mutually agreed transaction terms.
The location provides convenient access to established amenities while offering exposure to ongoing infill and redevelopment activity in the surrounding area.
FLEXIBLE DEAL STRUCTURES AVAILABLE (Qualified purchasers are invited to discuss): Joint-venture opportunities, Vendor-take-back financing, Traditional purchase, Other mutually acceptable transaction structures.More details
SHOWS 10/10! ATTENTION FIRST-TIME HOMEBUYERS, BUILDERS AND DEVELOPERS! This property is a CORNER LOT HOME and presents an outstanding opportunity in a growing area with excellent access to transit, schools, parks, and shopping. EXPLORE THE POTENTIAL FOR FUTURE MULTI-UNIT REDEVELOPMENT, including a 4-plex, subject to City of Calgary approval and all applicable regulations. 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, BASEMENT SUITE (Illegal), 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!More details
Click brochure link for more detailsRenovated 6-bedroom bi-level home featuring a legal 3-bedroom basement suite, separate entrance, and separate laundry facilities in an established Calgary community. This versatile property offers 3 bedrooms and 2 bathrooms on the upper level, along with a fully self-contained 3-bedroom legal basement suite, providing flexibility for homeowners, extended families, and investors. The bright main level features an open-concept kitchen with quartz countertops, a spacious island, stainless steel appliances, updated cabinetry, modern flooring, and renovated bathrooms. Additional interior improvements include updated lighting, refreshed finishes, and a contemporary electric fireplace feature wall. The legal basement suite offers its own private entrance and laundry facilities, providing an opportunity for rental income or multigenerational living. Outside, the property features a spacious fenced yard, detached double garage, and additional parking. Conveniently situated near schools, shopping, parks, public transit, and major transportation routes. With 6 bedrooms, 3 bathrooms, a legal secondary suite, and numerous interior upgrades, this property offers flexible living arrangements and potential rental income. Quick possession available. *Some photos are AI staged/altered to enhance photos.More details
EXCELLENT PROPERTY - PERFECT for 1st TIME HOME BUYERS or INVESTORS! This Home has 5 bedroom Bungalow with 2 full bathrooms is situated on a large West facing lot, that is zoned RCG, with a Legal Suite, on a very quiet street close to everything that Forest Lawn has to offer. The spacious main floor features large sunny windows, fresh paint & baseboards throughout, newer luxury vinyl plank flooring, updated white kitchen, 3 bedrooms and a 4 pc bath. The lower level - Legal Suite features low maintenance luxury vinyl plank throughout, a good sized main living area and a Full kitchen with a dishwasher, electric stove, refrigerator and a microwave/hoodfan. There are 2 bedrooms and an updated 4 piece bathroom. Other improvements include a newer Patio Doors leading to the Deck, Newer Roof in 2014, New eavestroughs in 2026, the Furnace was replaced in 2018 and the Hot Water tank was replaced in 2017. This EXCELLENT property is close to Public Transit, tons of shopping, lots of schools and numerous neighbourhood playgrounds and Elliston Park. Don't miss your chance to view this great property! Book your private showing today!More details
A bright, inviting home with thoughtful updates, a beautiful yard and room to grow. Welcome to 2035 47 Street SE in the established community of Forest Lawn. With approximately 980 sq. ft. on the main floor, this home offers a comfortable layout with three bedrooms, a full 4-piece bathroom and generous living spaces that make the most of every square foot.
Large windows bring natural light into the living room, creating a welcoming space to relax or gather with family. The spacious kitchen offers room for everyday cooking and dining, while the neutral finishes throughout provide an easy backdrop for your own style.
Downstairs, the developed basement adds valuable space and flexibility. A recreation room offers space for movie nights, hobbies or a second family gathering area, while two additional rooms offer potential for future bedrooms, subject to applicable requirements. A kitchen and 3-piece bathroom are already in place, along with a laundry area, giving buyers a starting point to explore a future mortgage helper, subject to City approvals and any required upgrades.
Outside, the attractive yard provides space to garden, enjoy summer barbecues or simply unwind. Updates to the windows, siding, roof, soffit, fascia and gutters add to the home’s appeal, with the distinctive red and white exterior giving it a welcoming presence.
Set in a convenient southeast location, this property brings together comfortable main floor living, useful outdoor space and a flexible lower level. Whether you are purchasing your first home, making room for extended family or exploring future income potential, this is a home with options for the years ahead.More details
This half duplex is fully renovated /remodled IN 2023 AND HAVING LEGAL SUITE . It has new furnaces , hot water Tank , all electric , new roof , new appliances with legal suite . The main level & legal suite is rented out which will be a big time mortgage helper and mortgage qualification . It has own independent entry and privacy . The community is getting vibrant with all around new construction projects going on for rental units potential . The property is close to all amenities like bus route , no frills , KFC and many more close to International Avenue and 10 minutes drive to down town to join a work force and enjoy the down town life . Do not miss to occupy to merge in a vibrant community . The 2006-41 Street SE is not listed but buyer can buy AS A full plex . The RMS are taken from last listing , There is no alteration after the last listing .More details
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Excellent Prime Inner-City Development Lot for Sale. An incredible opportunity to own a prime inner-city lot ideally located near shopping amenities and vibrant International Avenue. This property comes fully zoned H-GO (Housing – Grade-Oriented), with approved development plans already in place. The zoning allows for the construction of 8 or more units, offering outstanding potential for multi-family or mixed-use development. All zoning approvals have been finalized by the City, saving you time and accelerating your project timeline. With endless possibilities for builders, developers, or investors—this is a ready-to-go project in a high-demand, high-growth area. Don't miss out on this rare opportunity to build in one of Calgary’s most dynamic neighborhoods! Listing contains a rendering photo.More details
Welcome to a home that quietly overdelivers on value, versatility, and everyday ease—an exceptional opportunity for first-time buyers, savvy investors, or anyone looking to offset costs with a fully independent illegal basement suite.
This inviting bungalow offers a well-balanced and highly functional layout, featuring three bedrooms on the main level and two additional bedrooms below, creating flexible living options for extended family, guests, or more. The home has been thoughtfully refreshed and well cared for over time, presenting clean, modern finishes and a move-in-ready feel that simply invites you to imagine life here.
Set on a generous, fully fenced lot exceeding 6,000 sq. ft., the outdoor space is as appealing as the interior—perfect for entertaining, kids and pets, gardening, or simply enjoying your own private retreat. Ample parking adds to the home’s everyday practicality.
Location is where this property truly shines. Nestled in one of Calgary’s most connected and amenity-rich communities, you’re minutes from schools, transit with easy downtown and LRT access, shopping, services, parks, recreation facilities, the local pool, and library. Everything that supports a convenient, family-focused lifestyle is right at your fingertips.
Homes that combine space, flexibility, income potential, and location at this price point are becoming increasingly rare. This is one of those properties that makes people pause—and then rush to see it in person.
Move-in ready. Full of possibility. Easy to fall for. Call your favorite agent today.More details
50 FT × 120 FT LOT | SIDE-BY-SIDE DUPLEX PLANS | PERMITS & FLOOR PLANS READY | APPROX. 1,796 SQ. FT. PER HALF DUPLEX | FOUNDATION ALREADY POURED ! An excellent inner-city development opportunity in the established community of Forest Lawn, Calgary. This generous 50' × 120' lot is ready for the construction of a side-by-side duplex, with the required permits and floor plans already in place, providing a significant head start for builders, developers, and investors.
The foundation has already been poured in accordance with the plans, allowing the next owner to take over the project with substantial preliminary work already completed. The plans provide for approximately 1,796 sq. ft. of above-grade living space PER HALF DUPLEX, offering the potential to create two spacious and modern residences.
Ideally situated in an established inner-city community with convenient access to schools, parks, shopping, transit, everyday amenities, and major roadways, this property presents an exciting opportunity for anyone looking to complete a side-by-side duplex development in Calgary.
A fantastic opportunity for builders, developers, and investors—take over the project and bring this Forest Lawn development to completion!More details
LIVE UPSTAIRS OR DOWNSTAIRS — LET RENTAL INCOME HELP PAY YOUR MORTGAGE! REGISTERED LEGAL BASEMENT SUITE | DOUBLE DETACHED GARAGE | $3,000 CURRENT COMBINED MONTHLY RENTAL INCOME.
Looking for a detached home in Calgary with a way to make homeownership more affordable? This Forest Lawn property offers a fantastic opportunity to live in one residence while collecting rental income from the other. Whether you prefer the bright main and upper levels for yourself or a more compact basement residence while renting the upper level, this home gives you the flexibility to choose the arrangement that works best for your lifestyle and budget.
Currently generating a combined $3,000 per month in rental income, including utilities, the property features two self-contained living spaces and a City of Calgary registered legal basement suite. Both residences are currently occupied by tenants on month-to-month agreements, offering flexibility for a future owner, subject to applicable tenancy requirements.
THE MAIN AND UPPER RESIDENCE welcomes you with generous natural light, large windows, a comfortable living room, a fully equipped kitchen, a spacious main-floor bedroom, a second bedroom in the upper loft with lower ceiling height, and a full bathroom. A charming and practical space to call home.
THE REGISTERED LEGAL BASEMENT SUITE offers a private separate entrance, one bedroom, a full bathroom, a bright living area with large legal windows, and a fully equipped kitchen with stove, range hood, refrigerator and dishwasher. Its own full-size washer and dryer provide additional convenience and independence.
IMPORTANT UPGRADES ALREADY COMPLETED! The foundation and basement were reinforced and rebuilt with a concrete basement by a previous owner in the 1960s. During the current owner's approximately 10 years of ownership, significant improvements have included the roof, furnace, hot water tank, basement windows and appliances, all updated within approximately the past five years.
Outside, enjoy a west-facing backyard, a double detached garage with wooden workbenches, two additional storage sheds, and a generous 6,103 sq. ft. lot with room for outdoor enjoyment and storage.
Located in the established community of Forest Lawn, you'll appreciate convenient access to schools, parks, grocery stores, restaurants, shopping and the many amenities along International Avenue. Public transit, including MAX Purple rapid bus service, provides convenient connections toward downtown Calgary.
WHY PAY THE ENTIRE MORTGAGE YOURSELF WHEN YOUR HOME COULD HELP? Enjoy the independence of owning a detached home, the benefit of a registered legal rental suite, and the flexibility to choose which residence suits you best.More details
Data was last updated November 13, 2026 at 10:05 AM (UTC)
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