929 38 Street SE, Calgary, Alberta, T2A 1A1

$899,900

MLS® # A2282727

House For Sale In Forest Lawn, Calgary, Alberta

$899,900

  • 10

    Bedrooms

  • 5

    Baths

  • 644.00 Square Metres

    Lot Size

Property Information:

Exceptional high-income investment opportunity. Eight bedrooms up, with a two bedroom legal basement suite. This massive two-storey property is purpose-built for room-by-room rentals, multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring over 4000 sq ft of developed living space, the home includes 10 bedrooms and 4 bathrooms with a highly functional layout designed for shared living. The upper floor is thoughtfully designed with seven bedrooms and three bathrooms, including one bedroom with a private full ensuite, a five-piece bathroom shared between bedrooms, and an additional four-piece Jack-and-Jill bathroom, providing excellent usability and privacy for multiple occupants. A spacious bonus room further enhances the layout, while the very open floor plan and large windows throughout flood the home with natural light and strongly enhance tenant appeal. A large front foyer creates an inviting first impression. The main floor offers additional living space and a separate laundry room, while the fully self-contained LEGAL two-bedroom basement suite includes its own laundry and a generous living area, making the property exceptionally well suited for efficient room-by-room leasing or multi-family use. The home underwent a significant transformation in 2015, with upgrades including a newer roof, windows, hot water tank, updated kitchen, and renovated bathrooms, minimizing near-term capital expenditures. Solidly built, well maintained, and turnkey for income generation, this property offers both immediate revenue potential and long-term value.Additional investment highlights include: LEGAL basement suit, Double garage plus abundant on-site and street parking, Second entrance providing functional separation, Bright, open common areas enhanced by oversized windows, Prime location close to Marlborough Mall, 17 Avenue SE, LRT stations, schools, and major transit routes. Ideal for investors seeking strong monthly income, flexible rental configurations, and long-term appreciation in an established Calgary neighbourhood. A rare opportunity to secure a large-scale residential income property — book your showing today. City Assessment came in at 950 K. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Development: Finished
  • Basement Type: Full
  • Construction Material: Wood frame
  • Construction Style - Attachment: Detached
  • Exterior Finish: Stucco
  • Floor Space: 3034 sqft
  • Flooring Type: Ceramic Tile, Hardwood, Laminate
  • Foundation Type: Poured Concrete
  • Total Finished Area: 3034.2 sqft
  • Heating Type: Forced air
  • Cooling Type: None
  • Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 8+2
  • Bathrooms: 5
  • Amenities Nearby: Park, Playground, Schools, Shopping
  • Built in: 1960
  • Features: PVC window
  • Fence Type: Not fenced
  • Floor Space (approx): 3034 Square Feet
  • Irregular: Yes
  • Lot Depth: 16.77 Metre
  • Lot Frontage: 38.41 Metre
  • Lot Size: 644.00 Square Metres
  • Zoning: R-CG
  • Parking Type: Attached garage, Other, Street, Oversize, Parking pad
  • No. of Parking Spaces: 11

Rooms:

  • Other Basement Level 10.00 Ft x 15.00 Ft
  • Recreation Room Basement Level 15.00 Ft x 18.08 Ft
  • Laundry Basement Level 4.75 Ft x 10.00 Ft
  • Furnace Basement Level 5.92 Ft x 13.58 Ft
  • Bedroom Basement Level 8.67 Ft x 10.50 Ft
  • Bedroom Basement Level 8.67 Ft x 10.08 Ft
  • Bathroom Basement Level 8.67 Ft x 10.00 Ft
  • Kitchen Main Level 12.17 Ft x 17.17 Ft
  • Dining Main Level 12.17 Ft x 8.75 Ft
  • Living Main Level 14.42 Ft x 18.75 Ft
  • Foyer Main Level 6.58 Ft x 11.00 Ft
  • Laundry Main Level 7.75 Ft x 9.67 Ft
  • Bedroom Main Level 13.42 Ft x 10.67 Ft
  • Bathroom Main Level 8.17 Ft x 10.67 Ft
  • Other Upper Level 14.33 Ft x 17.58 Ft
  • Other Upper Level 12.00 Ft x 7.50 Ft
  • Bedroom Upper Level 8.83 Ft x 10.17 Ft
  • Bedroom Upper Level 11.75 Ft x 12.42 Ft
  • Primary Bedroom Upper Level 11.75 Ft x 12.50 Ft
  • Bedroom Upper Level 8.83 Ft x 10.17 Ft
  • Bedroom Upper Level 11.00 Ft x 10.17 Ft
  • Bedroom Upper Level 12.00 Ft x 8.08 Ft
  • Bedroom Upper Level 13.67 Ft x 11.25 Ft
  • Bathroom Upper Level 4.92 Ft x 12.08 Ft
  • Bathroom Upper Level 7.33 Ft x 7.42 Ft
  • Bathroom Upper Level 4.92 Ft x 10.25 Ft

Courtesy of: RE/MAX House of Real Estate

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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