$540,000
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2232 42 Street Se, Calgary, AB T2B 1G5

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3 Beds
2 Baths
88 Sq Ft

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.

Listing By: Merli Rojas - RE/MAX House of Real Estate cnpilar Realty.com
  • MLS® A2354739
  • Date Listed10/26/2026
  • Days on Realty 10 Days
  • Bedrooms 3
  • Bathrooms 2 Full baths
  • Lot Size 0.14 acres (6,103 sq. ft)
  • Subdivision Forest Lawn
  • County Calgary
  • Year Built 1910
  • Square Feet 88 sq. ft
  • Price Per Sq. Ft $6111.36

Interior Features

  • Appliances Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/ Dryer
  • Flooring Carpet, Laminate, Linoleum
  • Cooling None
  • Heating Forced Air

Exterior / Lot Features

  • Exterior Storage
  • Roof Shingle
  • Lot Size Acres 0.14
  • Lot Size SQFT 6,103.00
  • Lot Features Back Lane, Back Yard, City Lot, Few Trees, Rectangular Lot

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T2B 1G5

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

Walkability in AB / T2B 1G5

Source: Walk Score

50/100

Somewhat Walkable

Walk Score ®

46/100

Some Transit

Transit Score ®

60/100

Bikable

Bike Score ®

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 46/100, Bike Score: 60/100.

Points of Interest near 2232 42 Street SE, Calgary, AB T2B 1G5

Frequently Asked Questions for 2232 42 Street SE

Source: Realty.com

2232 42 Street SE, Calgary, AB T2B 1G5 in Forest Lawn, Calgary, AB T2B 1G5 is a single family residence listed at $540,000. Highlights include 3 bedrooms, 2 bathrooms, 88 sq. ft., built in 1910, 0.14 acre lot, $6,111 per sq. ft.. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this li...

Realty.com has 50 photos of 2232 42 Street SE.

Our records indicate that 2232 42 Street SE was built in 1910.

The full address for this home is 2232 42 Street SE, Calgary, AB T2B 1G5.

2232 42 Street SE has been listed on Realty.com since Mon October 26, 2026

The average walkability score in the surrounding area is Walk Score: 50/100, Transit Score: 46/100, Bike Score: 60/100.

Listing provided courtesy of: RE/MAX House of Real Estate (tel: 403-287-3880)
Listing agent: Merli Rojas (tel: 403-200-9946)

This content last refreshed on 2026-11-05 12:27:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.