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1527 50 Street SE in Calgary: Forest Lawn Detached for sale : MLS®# A2217596
1527 50 Street SE Forest LawnCalgaryT2A 1S5
OPEN HOUSE: May 10, 2025
02:30 PM
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04:30 PM
MDT
Open House on Saturday, May 10, 2025 2:30PM - 4:30PM
Come and see this fantastic investment property. Live up or down and rent out the other suite, or rent the entire home! The suite is Legal, three bedrooms up and 2 down AND a double detached garage!!
Open House Sat May 10th from 2:30pm - 4:30pm. Income Potential Meets Prime Location – LEGAL Suite + OVERSIZED LOT + DOUBLE DETACHED GARAGE |
Investor alert or ideal for savvy homeowners! This legally suited 5-bedroom bungalow sits on an oversized deep lot with a WEST-facing backyard, offering exceptional value and flexibility. Live upstairs and rent the lower legal suite, or add a cash-flowing asset to your portfolio.
The main floor features 3 bedrooms, REFINSIHED original hardwood, NEW pot lights (2024), a freshly painted interior, and a beautifully RENOVATED kitchen complete with full appliance package: ceramic-top stove, bottom-freezer fridge, microwave hood fan, and dishwasher. Enjoy meals in the cozy breakfast nook or the separate large dining room. An UPDATED bathroom includes a new tub, surround, toilet and vinyl plank flooring. PRIVATE in-suite laundry and a charming front porch add to the appeal.
The LEGAL 2-bedroom basement suite is bright and spacious, featuring LARGE vinyl windows, a breakfast bar, excellent storage, durable vinyl plank and tile flooring, a full bathroom, PRIVATE laundry, and a SEPARATE entrance.
Outside, the massive FENCED yard is perfect for entertaining or tenants with pets, boasting mature trees, a lilac hedge, and a storage shed. The double detached 24' X 22' garage (built in 2014) is INSULATED, DRYWALLED, and has its own ELECTRICAL PANEL—ideal for a workshop or additional rental potential.
Major updates include:
• New hot water tank (2024)
• Electrical panel replaced and relocated to shared common area (2014)
• Attic insulation UPGRADED to R40. • Vinyl Windows • Vinyl Plank and refinished hardwood flooring • Addition of pot lights (2024) • Main floor kitchen and bathroom renovation.
LOCATION-wise, you’re half a block from a community hub: arena, aquatic & fitness center, disc golf, library, playground, and more. Quick access to downtown, the east industrial area, and the Ring Road. Steps to BRT bus routes on 17th Ave and the future Green Line C-Train. Walk to Elliston Park—host of GlobalFest fireworks and year-round outdoor enjoyment.
This is an incredible opportunity to own a move-in-ready home with strong income potential in a rapidly revitalizing area. Don’t miss out!More details
Listed by Baxter & Associates Real Estate Services
Step into this charming townhouse that offers a perfect balance of comfort and privacy. The main floor features a spacious open-concept living and kitchen area, perfect for entertaining or relaxing. The living room is warmed by a cozy fireplace, creating an inviting atmosphere.
Downstairs, you'll find two comfortable bedrooms, each with its own closet, providing plenty of space for storage. A full 4-piece bathroom completes this level, ensuring convenience and functionality.
Upstairs, you'll find a convenient laundry area, along with a 2-piece powder room for added ease and comfort.
Located just steps from schools, shopping, and essential amenities, this home offers unbeatable convenience. Whether you're a first-time buyer or an investor, this property is a fantastic opportunity that shouldn't be missed!More details
Welcome to this bi-level style townhouse located in the desirable community of Forest Lawn, Calgary! This property features 2 bedrooms and 2 washrooms, with the main living, kitchen, and dining areas on the upper level. The basement offers 2 additional bedrooms, providing plenty of space for a growing family. Conveniently situated across from schools and close to shopping centers, this location offers fantastic access to amenities and transit.
Please note: This property is a foreclosure and is being sold "AS IS WHERE IS BASIS" . It will require extensive renovations . A great opportunity for investors, renovators, or anyone looking to build equity .More details
Welcome to this stunning brand-new 2-storey duplex, offering over 2,700 sq ft of beautifully designed living space! Enjoy natural sunlight all day with the east-facing front, creating a warm and inviting atmosphere throughout the home. This property includes a double detached garage and a legal permitted basement suite with a private side entrance—perfect for extended family or generating rental income. The main floor features a welcoming gas fireplace, a spacious mudroom, and ample closet space for convenient storage. There's also a versatile flex room that can be used as a main-floor bedroom, office, or formal dining area. The modern kitchen is equipped with quartz countertops, stainless steel appliances, and plenty of cabinetry—ideal for both cooking and entertaining.Upstairs, you’ll find 3 generous bedrooms, 2.5 bathrooms, and a bright bonus room that’s perfect for a second living area, home office, or kids’ playroom.The fully finished legal basement suite includes 2 bedrooms, 1 full bathroom, its own laundry, and a full kitchen with stainless steel appliances. It’s completely self-contained with separate furnaces for upper and lower level, ensuring comfort and privacy for all occupants. This beautiful home blends modern style, thoughtful design, and amazing functionality—ready to welcome your family.More details
KEY INVESTMENT OPPORTUNITY! This raised bungalow with a LEGAL basement suite is perfectly located just steps from International Avenue, offering incredible access to transit, restaurants, and local services. Zoned MC-1, this property offers great potential for future multi-family redevelopment—an ideal opportunity for investors and developers. The main floor features beautiful original hardwood floors, 3 bedrooms, a 4-piece bathroom, a spacious living room, dining area, and a functional kitchen. The west-facing backyard brings in sunlight all day and includes a single detached garage. Whether you’re looking for a fantastic revenue property or a lot with redevelopment potential, this location offers easy access to downtown Calgary and public transit.More details
Looking for move-in ready with room to grow and the potential for rental income? This beautifully renovated bungalow in SE Calgary checks every box—with a fully finished legal suite, an oversized heated garage, and an expansive 50’ x 126’ M-CG zoned lot offering flexibility for multi-generational living, future development, or smart investing.
Highlights You’ll Love:
Complete Renovation: Thoughtfully upgraded throughout with newer windows (all but two in the basement), new doors, tankless hot water, high-efficiency furnace, central air conditioning, upgraded electrical, and a newer roof (35-year shingles on the house, 25-year on the garage).
Spacious Main Floor: Featuring a 225 sq ft primary bedroom, a second bedroom, renovated full bath, and a bright, open kitchen with upgraded stainless steel appliances—ideal for everyday living and entertaining.
Versatile Basement: Includes a legal suite (formerly permitted for Airbnb, permit recently expired) complete with two generously sized bedrooms, a large rec/living area, 220 wiring, and plenty of flexibility for guests, extended family, or rental income.
Outdoor Space That Stands Out: The fully fenced, low-maintenance yard includes a concrete RV pad with 30amp hookup, a pergola (included), and plenty of space to relax, garden, or gather with friends.
Incredible Garage: A true mechanic’s dream—oversized 25’ x 22’, fully heated, and ready to handle your hobbies or projects.
Location Perks: Walk to schools, transit, and shops. Quick access to downtown means less time commuting and more time enjoying your home.
This is the kind of property that doesn’t come along often—upgraded, low-maintenance, and full of potential. Whether you’re starting your next chapter or investing in your future, this home is ready for you.
Call your favourite Realtor to book your showing today—you won’t want to miss it!More details
Seize a remarkable opportunity in Forest Lawn with this strategically positioned corner lot bungalow, offering an impressive 2,000 square feet of living space on a substantial 54' x 120' R-CG zoned lot. This versatile property, one of the most affordable corner lots in the area, features a well-designed main floor with 3 bedrooms and a separate-entrance basement unit, generating potential rental income of $1,300 a month. Located just two blocks from vibrant International Avenue,, with schools, playgrounds, and grocery stores within walking distance, this property stands out with its ability to accommodate up to six vehicles in off-street parking. The R-CG zoning opens doors to multiple possibilities - perfect for first-time buyers seeking an affordable entry into homeownership, investors looking to maximize rental income (Potential of $$1800 for main floor and $1300 for the basement), or developers interested in multi-family row housing conversion (with proper permits). The property's strategic location, only 12 minutes drive to Downtown, combined with its development potential, generous lot size, and immediate income-generating capabilities, creates an unprecedented opportunity to secure a piece of Forest Lawn's promising future, making it an ideal investment whether you're starting your real estate journey, expanding your portfolio, or planning your next development projectMore details
Updated 3+2 Bedroom Bungalow on a Spacious R-GC Lot!
This charming home features a bright living room with large windows and laminate flooring throughout the main level. The open-concept kitchen and dining nook create a welcoming, functional space. Enjoy the peace of mind that comes with updates completed approximately 5 years ago, including the roof/shingles, windows, flooring, and an upgraded electrical panel.
The fully developed basement includes a 2-bedroom illegal suite with a separate entrance and shared laundry area—perfect for extended family or potential rental income.
Outside, you’ll find a massive backyard and an oversized double garage, offering plenty of space for outdoor living and storage. Great opportunity for the first time homebuyer and investor!More details
This half duplex is fully renovated /remodled a year ago . It has new furnaces , hot water Tank , all electric , new roof , new appliances with legal suite bylaws built up illegal suite . The illegal suite is rented out which will be big time mortgage helper with own independent entry and privacy . The community is getting vibrant with all around new construction projects going on for rental units potential . The property is close to all amenities like bus route , no frills , KFC and many more close to International Avenue and 10 minutes drive to down town to join a work force and enjoy the down town life . Do not miss to occupy to merge in a vibrant community with mortgage helper independent illegal bigger suite . The 2006-41 Street SE is not listed but buyer can buy that too to hold full plex property and can split titles into 4 to enhence the value. The seller can guide about it .More details
Hello Developers, Investors and Builders!
This expansive 51.5' x 126' corner lot offers incredible potential for development. The site design allows for a corner row home layout featuring four main building units (2 stories, 3 bedrooms each) and four legal secondary suites (1 bedroom each), along with four single-car garages. The property is also eligible for H-GO rezoning, offering the option to build a 5+5 structure if desired. The current home includes 3 bedrooms and 1 bath on the upper floor, plus an illegal basement suite with 2 bedrooms and 1 bath, accessible via a separate back entrance. A double detached garage, driveway, and storage shed complete the property. The lot offers quick access to Memorial Drive and International Avenue, making it a prime location for development.
Please note, the property is boarded up and ready for demolition. It is being sold as-is. Don’t miss this incredible opportunity to build for rental income or resale!More details