2232 42 Street SE
Forest Lawn
Calgary
T2B 1G5
$495,000
Residential
beds: 3
baths: 2.0
951 sq. ft.
built: 1910
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- A2357784
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1910
- Photos (50)
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LIVE UPSTAIRS OR DOWNSTAIRS — LET RENTAL INCOME HELP PAY YOUR MORTGAGE! REGISTERED LEGAL BASEMENT SUITE | DOUBLE DETACHED GARAGE | $3,000 CURRENT COMBINED MONTHLY RENTAL INCOME.
Looking for a detached home in Calgary with a way to make homeownership more affordable? This Forest Lawn property offers a fantastic opportunity to live in one residence while collecting rental income from the other. Whether you prefer the bright main and upper levels for yourself or a more compact basement residence while renting the upper level, this home gives you the flexibility to choose the arrangement that works best for your lifestyle and budget.
Currently generating a combined $3,000 per month in rental income, including utilities, the property features two self-contained living spaces and a City of Calgary registered legal basement suite. Both residences are currently occupied by tenants on month-to-month agreements, offering flexibility for a future owner, subject to applicable tenancy requirements.
THE MAIN AND UPPER RESIDENCE welcomes you with generous natural light, large windows, a comfortable living room, a fully equipped kitchen, a spacious main-floor bedroom, a second bedroom in the upper loft with lower ceiling height, and a full bathroom. A charming and practical space to call home.
THE REGISTERED LEGAL BASEMENT SUITE offers a private separate entrance, one bedroom, a full bathroom, a bright living area with large legal windows, and a fully equipped kitchen with stove, range hood, refrigerator and dishwasher. Its own full-size washer and dryer provide additional convenience and independence.
IMPORTANT UPGRADES ALREADY COMPLETED! The foundation and basement were reinforced and rebuilt with a concrete basement by a previous owner in the 1960s. During the current owner's approximately 10 years of ownership, significant improvements have included the roof, furnace, hot water tank, basement windows and appliances, all updated within approximately the past five years.
Outside, enjoy a west-facing backyard, a double detached garage with wooden workbenches, two additional storage sheds, and a generous 6,103 sq. ft. lot with room for outdoor enjoyment and storage.
Located in the established community of Forest Lawn, you'll appreciate convenient access to schools, parks, grocery stores, restaurants, shopping and the many amenities along International Avenue. Public transit, including MAX Purple rapid bus service, provides convenient connections toward downtown Calgary.
WHY PAY THE ENTIRE MORTGAGE YOURSELF WHEN YOUR HOME COULD HELP? Enjoy the independence of owning a detached home, the benefit of a registered legal rental suite, and the flexibility to choose which residence suits you best.
- Property Type:
- Residential
- Property Sub Type:
- Detached
- Condo Type:
- Not a Condo
- Transaction Type:
- For Sale
- Possession:
- Signup
- Possession Date:
- Signup
- Suite:
- Yes
- Num Legal Suites:
- 1
- Num Illegal Suites:
- 0
- Home Style:
- Bungalow with Loft
- Total Living Area:
- 951 sq. ft.88.4 m2
- Main Level Finished Area:
- 925 sq. ft.85.9 m2
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Below Grade Finished Area:
- 570.9 sq. ft.53 m2
- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
- Signup
- Acreage:
- No
- Lot Area:
- 6,103 sq. ft.567 m2
- Lot Frontage:
- 15'2⅞"4.65 m
- Lot Details:
- 50-foot-wide lot
- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
- Signup
- Acres Water Rights:
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- Front Exposure:
- East
- Reg. Size:
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- Reg. Size Includes:
- Signup
- Levels:
- One and One Half
- Total Rooms Above Grade:
- 5
- Year built:
- 1910 (Age: 116)
- Bedrooms:
- 3 (Above Grd: 2)
- Bedrooms Above Grade:
- 2
- Bedrooms On Main:
- 1
- Bedrooms Below Grade:
- 1
- Bathrooms:
- 2.0 (Full:2, Half:0)
- Num Ensuite Baths:
- 0
- Plan:
- 2900W
- Heating:
- Forced Air
- Basement:
- Full, Finished, Separate/Exterior Entry
- Foundation:
- Poured Concrete
- New Constr.:
- No
- Construction Material:
- Vinyl Siding, Wood Frame
- Structure Type:
- House
- Roof:
- Asphalt Shingle
- Ensuite:
- No
- Flooring:
- Carpet, Laminate, Linoleum
- Cooling:
- None
- Fireplaces:
- 0
- Garage:
- Yes
- Garage Spaces:
- 2
- Parking:
- Additional Parking, Double Garage Detached
- Parking Places:
- 3
- Parking Total/Covered:
- 3 / -
- Laundry Features:
- Laundry Room, Lower Level, Main Level, Multiple Locations
- Southeast
- Forest Lawn
- Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer
- N/A
- None Known
- Floor
- Type
- Size
- Other
- Main Floor
- Entrance
- 5'2"1.57 m × 4'11"1.50 m
- Main Floor
- Living Room
- 24'6"7.47 m × 14'11"4.55 m
- Main Floor
- Dining Room
- 9'11"3.02 m × 8'7"2.62 m
- Main Floor
- Kitchen With Eating Area
- 15'3"4.65 m × 11'3"3.43 m
- Main Floor
- Bedroom - Primary
- 17'1"5.21 m × 9'7"2.92 m
- Main Floor
- Flex Space
- 13'8"4.17 m × 12'2"3.71 m
- Main Floor
- Laundry
- 6'9"2.06 m × 6'9"2.06 m
- 2nd Floor
- Bedroom
- 19'3"5.87 m × 12'3"3.73 m
- Basement
- Entrance
- 7'6"2.29 m × 6'8"2.03 m
- Basement
- Kitchen
- 10'3.05 m × 6'3"1.91 m
- Basement
- Dining Room
- 9'4"2.84 m × 7'11"2.41 m
- Basement
- Living Room
- 12'3.66 m × 8'8"2.64 m
- Basement
- Bedroom
- 14'3"4.34 m × 12'3.66 m
- Basement
- Walk-In Closet
- 6'5"1.96 m × 4'2"1.27 m
- Basement
- Furnace/Utility Room
- 10'9"3.28 m × 5'3"1.60 m
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 6'8" x 8'4"
- Basement
- No
- 4
- 6'7" x 7'3"
- Title to Land:
- Fee Simple
- Community Features:
- Park, Playground, Schools Nearby, Shopping Nearby
- Interior Features:
- Beamed Ceilings, Bookcases, Kitchen Island, Laminate Counters, No Smoking Home, Open Floorplan, Primary Downstairs, Separate Entrance, Storage
- Exterior Features:
- Storage
- Patio And Porch Features:
- See Remarks
- Lot Features:
- Back Lane, Back Yard, City Lot, Few Trees, Rectangular Lot
- Num. of Parcels:
- 0
- Outbuildings:
- 1 and Half Storey
- Fencing:
- Partial
- Region:
- Calgary
- Zone:
- CAL Zone E
- Zoning:
- R-C2
- Listed Date:
- Nov 12, 2026
- Days on Mkt:
- Signup
-
Photo 1 of 50
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Income property surrounded with New builds
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Photo 3 of 50
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Dinning room and Living room - Open Concept
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Main entrance Mani floor , with large windows
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Photo 6 of 50
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Photo 7 of 50
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Kitchen on main floor - Upper suite
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Kitchen on Main Floor other view
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Kitchen on the Main Floor - Upper Suite
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4 pieces Washroom - Main floor other view with large window
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4 pieces washroom for the Upper Suite - Main floor
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Photo 13 of 50
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Principal Bedroom on Main floor, other view with 2 closets behind the curtains
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Huge Principal Bedroom on Main floor, with windows in two walls
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2nd Bedroom - Loft other view
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Bedroom - Primary
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2nd Bedroom - Loft with plenty of storage
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Bedroom Loft - Upper Floor
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right side of the property and entrance to the back yard and basement suite
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Back Yard and entrance to the Basement Legal-Suite, access to Walk-up
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Basement Legal-Suite, bright separated entrance (Walk-up)
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Basement Legal-Suite Entrance
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Basement Legal-Suite, Dinning and living room area
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Basement Legal-Suite - Kitchen
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Basement Full Kitchen
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Basement Legal-Suite Living room with large windows
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Basement Legal-Suite, other view from Living room to the dining -kitchen and entrance
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Basement Legal-Suite, Large Bedroom with walk-in closet
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Basement Legal-Suite, 4 pieces washroom with ceramic
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Basement Legal-Suite, 4 pieces washroom
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Basement - Utility room and private laundry with full size appliances
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back yard, storage, garage and extra parking spaces
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Backyard with fire pit and extra storage unit , North side
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Back yard - Additional shed - Storage
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Back Ally view
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Back Ally view
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Garage only accessible with offer
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Fire-pit, storage unit and double garage detached
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Additional parking from the back-ally
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Photo 42 of 50
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Huge Lot surrounded buy new Builds
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Photo 44 of 50
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Listed by RE/MAX House of Real Estate
Data was last updated November 15, 2026 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 14
- Avg list price:
- $537,000
- Min list price:
- $138,000
- Max list price:
- $809,900
- Avg days on market:
- 61
- Min days on market:
- 3
- Max days on market:
- 157
- Avg price per sq.ft.:
- $473.52
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- MALVINDER TIWANA
- 403-830-5152
- 1 (403) 8305152
- Contact by Email
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.
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