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Calgary · Single Family · under $750,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2024 43 Street SE
Attention builders, developers, and investors! Exceptional redevelopment opportunity in the heart of Forest Lawn. This R-CG zoned property is ideally located just two blocks from vibrant 17 Avenue SE (International Avenue), surrounded by ongoing redevelopment in one of Calgary’s most active inner-city growth corridors. Minutes to downtown, transit, shopping, restaurants, schools, and major commuter routes.A rare opportunity offering immediate cash flow today and exceptional redevelopment potential for tomorrow. This income-producing property features 5 bedrooms, 2 bathrooms, and a legal secondary suite. The main floor offers 3 bedrooms and a beautifully renovated bathroom with subway tile, new tub, vanity, and tile flooring. The updated kitchen features stainless steel appliances and a subway tile backsplash. Many windows have been replaced throughout the home.The legal lower suite includes 2 spacious bedrooms, large windows, a renovated kitchen with full appliances and ample counter space, an updated bathroom, shared laundry, and additional storage.Major updates include renovated main floor bathroom, renovated lower suite and kitchen, updated windows, furnace, and a 2021 hot water tank. The property also offers a single detached garage with additional rear parking.The true value lies in the future potential. This R-CG property comes with a fully approved Development Permit (DP) for a triple detached garage with a suite above. Approved plans are included, allowing you to eliminate entitlement risk, significantly reduce your project timeline, and save thousands in consultant fees and soft costs. Build with confidence using this permit-ready opportunity while generating rental income from day one.Whether you’re looking for a strong cash-flow investment or your next inner-city development project, this is a rare opportunity in a sought-after location with exceptional upside. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 11.67 Ft x 14.42 Ft | |
| Kitchen | 9.00 Ft x 10.00 Ft | |
| Dining room | 5.00 Ft x 5.00 Ft | |
| Bedroom | 13.83 Ft x 10.50 Ft | |
| Bedroom | 9.67 Ft x 10.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.50 Ft | |
| Furnace | 7.00 Ft x 11.00 Ft | |
| Laundry room | 3.50 Ft x 7.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 8.00 Ft x 8.00 Ft | |
| Pantry | 2.58 Ft x 3.25 Ft | |
| Living room | 15.25 Ft x 15.75 Ft | |
| Dining room | 6.00 Ft x 7.00 Ft | |
| Foyer | 4.00 Ft x 4.00 Ft | |
| Primary Bedroom | 11.00 Ft x 11.67 Ft | |
| Bedroom | 8.17 Ft x 11.67 Ft | |
| Bedroom | 8.00 Ft x 11.50 Ft | |
| 4pc Bathroom | 5.00 Ft x 8.00 Ft | |
| Other | 3.00 Ft x 3.00 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.08%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,178
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 26, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
1.7 km away
5.4 km away
6.7 km away
Al Madinah Islamic Centre
9.2 km away
Al-Hedaya Islamic Centre
10.0 km away
Elementary
786 m away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
1.3 km away
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.2 km away
Halal grocery
Amir Halal Meats & Grocery
1.3 km away
Shaheen Grocery, Bakery & Halal Meat
6.9 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.