1527 46 Street SE, Calgary photo 1 of 43

1 / 43

DetachedActive

Forest Lawn · Calgary

1527 46 Street SE, Calgary

$578,000

Forest Lawn, Calgary, Alberta T2A 1N7 · MLS® A2321172

5
Bedrooms: 2
Bathrooms: 976
Sq ft above grade: $592
Per sq ft

About This Property

Looking for a RARE INVESTMENT OPPORTUNITY WITH A LEGAL BASEMENT SUITE? Look no further! This well-kept bungalow is a total money-maker, perfect for investors or anyone wanting a huge mortgage helper. The main floor is already a super successful Airbnb that brings in top dollar, while the fully legal basement suite is currently rented out for steady, reliable cash flow month after month. Sitting on a massive 5900 sq. ft. R-CG zoned lot, this property lets you collect two rent checks today, while sitting on a goldmine for future development tomorrow. Whether you want to buy and hold or enjoy instant cash flow, this is the one! This detached home features 5 bedrooms and two 4-piece bathrooms. The downstairs cabinetry and upstairs living room floors were newly updated in November 2025. Unbeatable location with exceptional accessibility! Walking distance or a short drive to local schools, parks, shopping, and transit. Features seamless access to major corridors including International Avenue (17 Ave SE), Deerfoot Trail, and Stoney Trail

Secondary suite: 1 legal suite

Location: Suite Attached/Within Primary Dwelling

Basement

Property Details

Interior

Bedrooms: 5
Bathrooms: 2 full
Rooms above grade: 7
Above grade: 976 sq ft
Total finished: 976 sq ft
Basement: Full · Finished
Laundry: In Basement

Interior features

Separate Entrance

Flooring

Hardwood
Laminate

Building

Property type: Detached
Structure: House
Style: Bungalow
Levels: One
Year built: 1961
Front exposure: E

Construction

Wood Frame

Roof

Asphalt Shingle

Foundation

Poured Concrete

Heating, cooling & services

Heating: Forced Air
Cooling: None

Parking

Garage: Parking Pad, Single Garage Detached · 1 space
Garage size: 24`0" x 18`0"
Total parking: 3 spaces

Lot & outdoors

Lot size: 5,995 sq ft
Acreage: 0.14 acres
Frontage: 49.22 ft
Fencing: Fenced

Lot features

Back Lane
Rectangular Lot

Outdoor living

Deck

Exterior features

Playground

In the community

Park
Playground
Schools Nearby
Shopping Nearby

Costs & ownership

Annual property tax: $3,265 (2026)
Title: Fee Simple
Ownership: Private
Zoning: R-CG
Restrictions: Airspace Restriction, None Known

Listing & availability

MLS® number: A2321172
Listed: Jun 20, 2026
Days on market: 131
Possession: 90 Days / Neg
Listing office: TREC The Real Estate Company

Included in the sale

Appliances: Dryer, Electric Stove, Refrigerator, Washer, Window Coverings

Inclusions are as advertised by the listing brokerage and are confirmed in the purchase contract, not here.

Selling to buy?

Need to sell your current home to buy this one? Stephen will prepare a free evaluation of your current home.

Request a free evaluation

Estimated Monthly Cost

$2,828.77/mo

Mortgage: $2,556.69
Property tax: $272.08

20% down · 4.49% · 25-yr amortization · estimate only. Excludes insurance, utilities and closing costs.

Contact me for bookings or more information

Questions about this listing, or ready to view it? Stephen will follow up shortly.

Prefer to talk? (403) 827-4943

Listed by TREC The Real Estate Company

Data provided under license by Pillar 9™.

Listing data updated Sep 17, 2026, 11:00 a.m. MT.

Selling

Thinking of listing your home?

Need to sell to buy this one, or just want a real number? Stephen prepares a free evaluation that accounts for lot, finishes, and current activity in your community.

Request a free evaluation