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East Calgary Real Estate

East Calgary is a mixed-use area which includes warehouse, industrial as well as residential homes. Many affordable homes are located in this district.

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1128-1136 38 Street SE
Forest Lawn Calgary T2A 1G4

$1,050,000
Multi-Family baths: 0.0 864 sq. ft. built: 1957

Main Photo: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 1: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 2: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 3: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 4: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 5: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 6: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 7: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Photo 8: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A1153843
Year Built:
1957
With 150 ft of frontage in the up-and-coming district bordering the rejuvenated 17th Ave, this is an excellent opportunity for a developer or aspiring landlord to pick up a pre-assembled package of R-C2 land with potential to re-zone to R-CG and holding income in the meantime. Operating with a net income of more than $40,000 annually, the package includes 3 solid 1957 bungalows with tenants in place and a total 18,890 sf of developable land. Proximity to nearby amenities, transportation routes and the 17th Ave BRT offer the buyer an incredible chance to acquire a turnkey investment or future development prospect. Access to land is, and will continue to be, most significant obstacle for urban development, and with nearly 20,000sf, you could be the one holding out for top dollar, or developing and selling new duplexes or townhomes in just a few short months. Don’t miss out on your chance to pick up one of the largest contiguous parcels that’s been made available in recent history! Call today!
Property Type:
Multi-Family
Property Sub Type:
Row/Townhouse
Transaction Type:
For Sale
Possession:
Immediate, Subject To Tenancy
Home Style:
Bungalow
Total Living Area:
864 sq. ft.
Taxes:
Tax Assessed Value:
Lot Area:
18,000 sq. ft.
Lot Frontage:
150'
Lot Details:
150 x 120
Stories Total:
1
Levels:
One
Year built:
1957 (Age: 64)
Bedrooms Below Grade:
0
Bathrooms:
0.0 (Full:-, Half:-)
Plan:
1902HI
Heating:
Forced Air, Natural Gas
Basement:
Full
Foundation:
Block
Construction Material:
Wood Frame
Structure Type:
Triplex
Roof:
Asphalt Shingle
Ensuite:
No
Garage:
0
Parking Places:
6.0
Parking Total/Covered:
6 / -
Forest Lawn
Refrigerator, Stove(s), Washer/Dryer, Window Coverings
N/A
Airspace Restriction
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Playground, Shopping Nearby
Lot Features:
Back Lane, City Lot, Near Shopping Center, Near Public Transit, Rectangular Lot, See Remarks
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-C2
Listed Date:
Oct 15, 2021
Days on Mkt:
  • Photo 1: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
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  • Photo 8: 1128-1136 38 Street SE in Calgary: Forest Lawn Row/Townhouse for sale : MLS®# A1153843
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Listed by REAL BROKER
Data was last updated December 5, 2021 at 02:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$864,450
Min list price:
$574,000
Max list price:
$6,900,000
Avg days on market:
67
Min days on market:
2
Max days on market:
255
Avg price per sq.ft.:
$387.65
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
TOM WALLER
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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. Used under license.