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Suite 201, 120 2nd Ave NE, Airdrie, Alberta, T4B 2N2
(587) 874-5639info@maverickgroupyyc.com

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Used under license.

Maverick Group
Maverick Group
$649,900
MLS® A2323322

1502 40 Street SE

Calgary, AB T2A1K2 · Forest Lawn · House · Active

1502 40 Street SELocation map
Bedrooms5
Bathrooms2
Square Feet940
Property TypeHouse
Year Built1958
Parking4
Fireplaces2
Lot Size474 square meters
Annual Taxes$3,268 (2026)
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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, AN ILLEGAL BASEMENT SUITE, 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 T HIS INCREDIBLE OPPORTUNITY! (id:57554)

Maverick Group · (587) 874-5639 · info@maverickgroupyyc.com
Suite 201, 120 2nd Ave NE, Airdrie, AB

Listing data courtesy of CREA DDF®. Deemed reliable but not guaranteed.

Photos — 1502 40 Street SE

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Back to Listings
NewListed Jun 23, 2026· 6dHouse Forest LawnMLS® A2323322

1502 40 Street SE

Calgary, AB T2A1K2

$649,900

5Bedrooms
2Bathrooms
940Sq. Ft.
4Parking
1958Year Built
2Fireplaces
HouseType

About This Property

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, AN ILLEGAL BASEMENT SUITE, 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 T HIS INCREDIBLE OPPORTUNITY! (id:57554)

Property Details

MLS® NumberA2323322
Property TypeHouse
Year Built1958
Bedrooms5
Bedrooms Above Grade3
Bedrooms Below Grade2
Bathrooms2
Square Footage940 ft²
Parking Spaces4
Fireplaces2
Lot Size474 square meters

Features & Amenities

Heating

Forced airNatural gasCentral heating

Cooling

None

Basement

FinishedFullSeparate entranceSuite

Parking

Detached GarageOther

Exterior

Brick

Architecture

Bungalow

Appliances

RefrigeratorOven - Electric

Location

Get directions

1502 40 Street SE, Calgary, AB

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data is deemed reliable but not guaranteed accurate by CREA.

$649,900

1502 40 Street SE

MLS® NumberA2323322
Bedrooms5
Bathrooms2
Square Footage940 ft²

Community

Forest Lawn

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Mortgage Estimate

Estimated monthly payment

$3,202/mo

10% down · 4.09% rate · 25yr amort

Down Payment

Interest Rate

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(587) 874-5639

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View Details
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House
12 days on market

$649,900

9611 24 Street SW

Oakridge · Calgary, ABMLS® A2322090

5 bd·3 ba·1,189 ft²
View Details
81 Saddlemont Road NE
House
146 days on market

$649,900

81 Saddlemont Road NE

Saddle Ridge · Calgary, ABMLS® A2283740

5 bd·3 ba·1,125 ft²
View Details
Airdrie · Calgary · Surrounding Area

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Five-Star Reviews
2018
Serving Since
250+
Communities Served
Book a Free Consultation
Lot Dimensions474.00
Annual Taxes$3,268 (2026)
CommunityForest Lawn
CityCalgary
Postal CodeT2A1K2
Cooktop - Electric
Hood Fan
Washer & Dryer
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(587) 874-5639

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