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New Construction - Primary on Main
Listing Provided Courtesy Of:
RE/MAX REAL ESTATE (CENTRAL)
Address
2012 38 Street SE Calgary, AB
Price
$ 315,900
Property Attributes
  • ID#A1112760
  • TypeSingle Family
  • CityCalgary
  • AreaCalgary - Zone E
  • NeighbourhoodForest Lawn
  • Postal CodeT2B 0Z6
  • StyleBungalow
  • Price$ 315,900
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1090
  • Lot Size5,673 SqFt
Listing Provided Courtesy Of:
RE/MAX REAL ESTATE (CENTRAL)
Data Source:
Pillar 9 MLS System
Property Description

OPPORTUNITY KNOCKS IN FOREST LAWN!! 5 BEDROOM, 2 BATHS, WITH A 2BEDROOM ILLEGAL BASEMENT SUITE, DOUBLE GARAGE ON 50X120 FT R-C2 LOT ON A WELL DESIRED 38 STREET AND 20AVE. GROSS MONTHLY INCOME OF $2130/MONTH (LANDLORD PAYS UTILITIES). LONG TERM TENANTS OF OVER 8 YEARS, HENCE LOW RENT. AT 1090 SQ FT MAIN FLOOR ONLY AND ALMOST 1900 SQ FT OF TOTAL LIVING SPACE, THIS PROPERTY IS PRICED ABOUT $50K TO $60K BELOW THE COMPETITION IN FOREST LAWN. YES, IT NEEDS UPDATING GENERALLY TO EARN TOP DOLLARS! YES, GARAGE DOOR NEEDS UPDATING. BUT ITS LOCATION SPEAKS VOLUME. A NEW SIDE BY SIDE INFILL IS UNDER CONSTRUCTION A COUPLE OF LOTS AWAY FROM THE PROPERTY ON THE SAME STREET AND A HOUSE ABOUT 150 SQ FT BIGGER JUST SOLD FOR $415K. SO, DO THE MATHS. AT THE OFFER PRICE OF BELOW $316K, THIS IS A GOOD DEAL. MANY OPTIONS FOR INVESTMENT IN THIS PROPERTY. SIT ON IT AND LET THE TENANTS (WILLING TO STAY) CONTINUE TO PAY $2130/MONTH, WITH ROOM TO INCREASE RENT UNTIL READY TO DO INFILLS DEVELOPMENT. OR WORK ON RE DEVELOPMENT PERMIT. EITHER WAY, YOU CANNOT LOSE!

Price History
5/30/2021 Listed $315,900

General Features

Arch Style Bungalow
Basement Full, Suite
Community Features Schools Nearby, Sidewalks, Shopping Nearby
Condo Type Not a Condo
Construction Materials Stucco
Cooling None
District CAL Zone E
Flooring Carpet, Linoleum
Heating Forced Air
Parking Total 4
Property SubType Detached
Property Type Residential
Roof Asphalt Shingle
Structure Type House
Subdivision Name Forest Lawn
Suite Suite - Illegal
Transaction Type For Sale
Zoning R-C2

Interior Features

Bedrooms Above Grade 3
Below Grade Finished Area 0.00
Building Area Total Metres 0.00
Building Area Total Sf 0.00
Full Baths 2
Interior Features Laminate Counters
Laundry Features In Basement
Main Level Areas SquareFeet
Main Level Finished Area 0.00
Main Level Finished Area Metres 0.00
Main Level Finished Area Sf 0.00
Main Level Finished Area Srch Sq 0.00
Total Baths 2
Total Bedrooms 5

Exterior Features

Public Remarks OPPORTUNITY KNOCKS IN FOREST LAWN!! 5 BEDROOM, 2 BATHS, WITH A 2BEDROOM ILLEGAL BASEMENT SUITE
Building Area Total 0.00
Exterior Features Private Entrance, Private Yard
Fencing Fenced
Foundation Poured Concrete
Frontage Length 15.24M 50`0
Garage Y/N Yes
Lot Description Back Lane, Back Yard, Few Trees, Rectangular Lot
Lot Size Acres 0.13
Parking Features Double Garage Detached
Patio And Porch Features Deck

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in T2B 0Z6

Price
AVG $320K
$320K
Visits
AVG 13
12
Year Built
AVG 1962
1962

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