Excellent opportunity in the well-established community of Forest Lawn. This solid bungalow sits on a large 50'x126' corner lot and offers outstanding flexibility for homeowners, investors, or those seeking future redevelopment potential. The main floor features a bright, functional layout with three bedrooms, a full 4-piece bathroom, and a spacious living room with excellent natural light. The kitchen offers updated cabinetry and includes appliances. Separate main-floor laundry adds everyday convenience and privacy for the upper level. The fully developed basement adds significant value with two bedrooms plus a den, a large family or games room, a 3-piece bathroom, and separate basement laundry. The lower level is well suited for an illegal suite setup or multi-generational living, with a lockable access door between levels providing flexibility for owners and occupants. Outside, the property is fully fenced and features a gated yard with separate private street access for the upper and lower levels, enhancing privacy and functionality. The rear parking pad offers space for multiple vehicles. Updates over the years include newer windows and a high-efficiency furnace installed in 2022. Conveniently located close to transit, shopping, and schools. Patrick Airlie School (K–6), Holy Family School (K–6), Bishop Kidd School (Grades 7–9), and Forest Lawn High School (Grades 10–12) are all within approximately 1.2 km. Easy access to major bus routes, International Avenue, downtown Calgary, and nearby shopping centres adds everyday convenience. A rare opportunity offering space, income potential, and long-term upside in a central location. Ideal for investors or first-time buyers. Don’t miss your chance.
For sale
C$474,900
2240 S 38th St SE, Calgary, AB T2B 0Z8
5beds
944sqft
Single Family Residence
Built in 1958
6,098.4 Square Feet Lot
$-- Zestimate®
C$503/sqft
C$-- HOA
What's special
Bright functional layoutThree bedroomsUpdated cabinetrySeparate main-floor laundryFully developed basementSeparate basement laundryNewer windows
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Zillow last checked: 8 hours ago
Listing updated: 16 hours ago
Listed by:
Ariell Arevalo, Associate,
Cir Realty
Source: courtesy of Pillar9 System,MLS®#: A2275079
Originating MLS®#: Calgary
Originating MLS®#: CalgaryFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Main
- Dimensions: 11`0" x 8`0"
Bedroom
- Level: Main
- Dimensions: 11`11" x 11`5"
Other
- Level: Main
- Dimensions: 12`0" x 11`6"
Bedroom
- Level: Basement
- Dimensions: 10`8" x 10`3"
Bedroom
- Level: Basement
- Dimensions: 11`7" x 11`3"
Other
- Level: Main
- Dimensions: 4`11" x 8`1"
Other
- Level: Basement
- Dimensions: 6`6" x 7`5"
Den
- Level: Basement
- Dimensions: 16`1" x 6`10"
Other
- Level: Basement
- Dimensions: 10`2" x 11`8"
Game room
- Level: Basement
- Dimensions: 8`7" x 14`6"
Kitchen
- Level: Main
- Dimensions: 15`6" x 11`6"
Kitchen
- Level: Basement
- Dimensions: 8`4" x 11`7"
Living room
- Level: Main
- Dimensions: 17`1" x 11`6"
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer
- Laundry: In Basement, Main Level, Multiple Locations
Features
- Kitchen Island
- Flooring: Hardwood, Linoleum, Tile
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 943.64 sqft
- Finished area above ground: 943
- Finished area below ground: 790
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: None
- Exterior features: Awning(s)
- Fencing: Fenced
- Frontage length: 15.27M 50`1"
Lot
- Size: 6,098.4 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 101235555
- Zoning: R-CG
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1958
Community & HOA
Community
- Features: None
- Subdivision: Forest Lawn
HOA
- Has HOA: No
Location
- Region: Calgary
Financial & listing details
- Price per square foot: C$503/sqft
- Date on market: 12/17/2025
- Inclusions: All appliances in basement
Ariell Arevalo, Associate
(587) 510-2008
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: Forest Lawn
Nearby schools
GreatSchools rating
No schools nearby
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