$899,900
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929 38 Street Se, Calgary, AB T2A1A1

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10 Beds
5 Baths
3,034 Sq Ft

Exceptional high-income investment opportunity, with a potential monthly rent of $7100. And a potential cap rate of 6.85%. Featuring a 10 bedroom home with 8 beds above grade and a separate, fully legal 2 bedroom basement suite. This massive two-storey property is purpose-built for room-by-room rentals, with additional income potential from the legal basement suite and the option to rent out the garage separately. Multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring over 4000 sq ft of developed living space, the home features a highly functional layout designed for shared living. The upper floor is thoughtfully designed with seven bedrooms and three bathrooms, including one bedroom with a private full ensuite, a five-piece bathroom shared between bedrooms, and an additional four-piece Jack-and-Jill bathroom, providing excellent usability and privacy for multiple occupants. A spacious bonus room further enhances the layout, while the very open floor plan and large windows throughout flood the home with natural light and strongly enhance tenant appeal. A large front foyer creates an inviting first impression. The main floor offers additional living space and a separate laundry room, 1 bedroom and a 4 piece bath, while the fully self-contained LEGAL two-bedroom basement suite includes its own laundry and a generous living area, making the property exceptionally well suited for efficient room-by-room leasing or multi-family use. The home underwent a significant transformation in 2015, with upgrades including a newer roof, windows, hot water tank, updated kitchen, and renovated bathrooms, minimizing near-term capital expenditures. Solidly built, well maintained, and turnkey for income generation, this property offers both immediate revenue potential and long-term value.Additional investment highlights include: LEGAL basement suit, Double garage plus abundant on-site and street parking, Second entranc e providing functional separation, Bright, open common areas enhanced by oversized windows, Prime location close to Marlborough Mall, 17 Avenue SE, LRT stations, schools, and major transit routes. Ideal for investors seeking strong monthly income, flexible rental configurations, and long-term appreciation in an established Calgary neighbourhood. A rare opportunity to secure a large-scale residential income property book your showing today. City Assessment came in at 950 K. (id:58753)

Listing By: Clay Brunette - RE/MAX House of Real Estate cncrea2 Realty.com
  • MLS® A2282727
  • Date Listed01/30/2026
  • Days on Realty 176 Days
  • Bedrooms 10
  • Bathrooms 5 baths
  • Lot Size 6,932 sq. ft
  • Subdivision Forest Lawn
  • Year Built 1960
  • Square Feet 3,034 sq. ft
  • Price Per Sq. Ft $296.61

Interior Features

  • Appliances Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings, Washer & Dryer
  • Flooring Hardwood, Laminate, Ceramic Tile
  • Cooling None
  • Heating Forced air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 6,931.96
  • Lot Features P V C window

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T2A1A1

Discover key demographics, population statistics, and environmental insights for the Calgary, AB area.

Walkability in AB / T2A1A1

Source: Walk Score

85/100

Very Walkable

Walk Score ®

56/100

Good Transit

Transit Score ®

63/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

12 nearby routes: 12 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 48/100, Bike Score: 63/100.

Points of Interest near 929 38 Street SE, Calgary, AB T2A1A1

Frequently Asked Questions for 929 38 Street SE

Source: Realty.com

929 38 Street SE, Calgary, AB T2A1A1 in Forest Lawn, Calgary, AB T2A1A1 is a single family residence listed at $899,900. Highlights include 10 bedrooms, 5 bathrooms, 3,034 sq. ft., built in 1960, $297 per sq. ft.. Realty.ca has 41 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 41 photos of 929 38 Street SE.

Our records indicate that 929 38 Street SE was built in 1960.

The full address for this home is 929 38 Street SE, Calgary, AB T2A1A1.

929 38 Street SE has been listed on Realty.com since Fri January 30, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 48/100, Bike Score: 63/100.

Listing provided courtesy of: RE/MAX House of Real Estate
Listing agent: Clay Brunette

This content last refreshed on 2026-07-25 11:22:12. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.