Active

FOREST LAWN

1509 38 Street Se, Calgary, AB

$575,000

Residential · MLS® A2292320
4Bedrooms
2Bathrooms
912.82Sq Ft
2Garage
1957Year Built
02 / Overview

PROPERTY OVERVIEW

Welcome to this upgraded bungalow on a quiet street in Forest Lawn, offering flexibility, modern updates, and excellent income potential. The bright main level features natural hardwood flooring, large windows bringing in plenty of natural light, and an inviting living area that flows into bright updated, eat-in kitchen with shaker cabinetry, tile backsplash, and stainless chimney-style hood fan. Two bedrooms and a full bathroom with vessel-sink vanity complete the upper level. ***JV OPPORTUNITY***

The legal, registered basement suite provides additional living...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area912.82 sq ft
Lot Size6,296 sq ft
ZoningR-CG
HeatingForced Air
CoolingCentral Air
ParkingDouble Garage Detached • Off Street • Parking Pad • RV Gated
ExteriorLighting • Rain Gutters
BasementFull
Year Built1957
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$540After mortgage & expenses
Cap Rate5.6%Based on market rents
Cash on Cash Return5.6%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
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Investment Score69/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Jessica Kushnir · Real Broker