1509 38 Street SE Open House Save Request In-Person Tour Request Virtual Tour
Calgary,AB T2A1G7
OPEN HOUSE
Sat Oct 04, 12:00pm - 2:00pm
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 905 sqft
Price per Sqft $687
Subdivision Forest Lawn
MLS Listing ID A2259892
Style Bungalow
Bedrooms 4
Year Built 1957
Lot Size 6,296 Sqft
Acres 0.14455664
Property Sub-Type Freehold
Source Calgary Real Estate Board
Property Description
Welcome to 1509 38 Street SE — a home that doesn't just check boxes, it opens doors. Renovated top to bottom, this bungalow blends modern comfort with real investment power, sitting proudly on a 50×126 ft R-CG lot with a fully finished Legal Basement Suite and an Oversized Heated Garage.Inside, the main floor shines with an expansive 225 sq ft Primary Bedroom, a second bright Bedroom, and a refreshed Full Bath. The Kitchen steals the show with Stainless Steel Appliances, Sleek Cabinetry, and Open Sightlines that make the space feel both welcoming and functional. Throughout, you'll notice thoughtful Renovations — New Flooring, New Doors, Updated Lighting & Electrical, Fresh Paint, and Newer Windows that pour sunlight into every corner. You also have a High Efficiency Furnace, Tankless Water Heater, and A/C, making this comfortable, no matter the weather. Outside you'll find the newer roof, with a 35 year shingle on the house, and a 25 year shingle on the garage. Downstairs, opportunity awaits. The Legal Basement Suite is set up with 2 Bedrooms, a Full Bath with a Jacuzzi Tub, Kitchen, and Large Living Area — a space that has been ran as both a successful Long Term Rental, and an AirBnB (where it is currently listed as a long term rental). This gives you the flexibility to house extended family, create a mortgage helper, or expand your short-term rental income. And with R-CG Zoning, the lot itself becomes a long-term play, offering Redevelopment Potential in a growing pocket of the city.Step outside to discover even more value. The Oversized Heated Double Garage with a Loft Area is a rare find — a dream space for mechanics, hobbyists, or tenants who value storage. There's even a wall built between the two parking spots so you could rent one side to each suite! The Fenced Yard is generous and versatile: you have a dedicated dog run, with a low maintenance yard, and you can garden, entertain under the Pergola (that's included), or host that family BBQ on the Outdo or Kitchen that stays with the home! Let's not forget that you also have a massive RV Parking Pad that can not only fit a 40ft RV, but has room beside it to fit a second one, and has a 50amp Hookup. With space to park 2 more vehicles behind the garage, Offstreet Parking is never an issue here. Between the Upstairs Suite, the Legal Basement Suite, both Sides of the Garage, and both RV Parking Spots, that gives 6 Potential Income Streams!All of this is anchored in Forest Lawn, where convenience meets community. The area is undergoing huge Development & Revitalization Project by creating more housing options, recreational spaces , and community facilities. Transit, schools, parks, and shopping are all close by. Downtown is a short commute away, making it just as appealing to renters as it is to homeowners.Whether you're a first-time buyer looking to crush your mortgage or an investor searching for strong cashflow in a high-demand market, this property is more than a home — it's a strategy for the future. (id:24570)
Location
Province AB
Rooms
Kitchen 2.0
Extra Room 1 Basement 3.21 M x 3.16 M 4pc Bathroom
Extra Room 2 Basement 2.19 M x 3.87 M Bedroom
Extra Room 3 Basement 3.29 M x 3.02 M Bedroom
Extra Room 4 Basement 3.22 M x 3.75 M Kitchen
Extra Room 5 Basement 2.32 M x 1.63 M Laundry room
Extra Room 6 Basement 3.18 M x 2.57 M Living room
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Hardwood
Fireplaces Number 1
Exterior
Parking Features Yes
Garage Spaces 2.0
Garage Description 2
Fence Fence
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped,Lawn
Story 1
Architectural Style Bungalow
Others
Ownership Freehold