Data was last updated 2026-02-13 at 12:00:09 GMT
$474,900

1816 42 Street SE   Calgary, Alberta

MLS®: A2285724
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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.
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.

Listing Information

Prop. Type:
Detached
Property Style:
Bungalow
Status:
Active
City:
Calgary
Bedrooms:
3
Full Bathrooms:
2
Neighbourhood:
Forest Lawn
Area:
Calgary
Province:
Alberta
MLS® Number:
A2285724
Listing Price:
$474,900

General Information

Year Built:
1959
Total Square Feet:
850ft2

Additional Information

Basement Dev:
Full
Parking:
Alley Access, Double Garage Detached, Parking Pad, RV Access/Parking

VIP-Only Information

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This property is listed by Real Broker and provided here courtesy of Carmelle Smutko. For more information or to schedule a viewing please contact Carmelle Smutko.
Carmelle Smutko
Century 21 Bamber Realty LTD
Phone: 403-863-4536
Mobile Phone: 403-863-4536
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.