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2608 42 Street SE
Beds
6
Baths
2
Sqft
1,013
Year
1963
Type
Single Family
On market
21d
Fully Renovated( Oct, 2023) 6-Bedroom Bungalow with Basement Suite (illegal) in Forest Lawn SE!This stunning, move-in-ready detached bungalow in the heart of Forest Lawn SE has been thoughtfully upgraded from top to bottom. Fully renovated (Oct, 2023) including a new furnace , new hot water tank , New kitchen's, all new appliances, new egress windows in the basement, and all new windows on the main floor, ensuring comfort, safety, and energy efficiency. You’ll also appreciate the modern knockdown ceilings throughout the home, adding a stylish and contemporary finish.Ideally located just minutes from downtown Calgary, and close to schools, parks, shopping centres, and public transit, this home offers incredible convenience and versatility for families, first-time buyers, or investors alike.Step inside to a bright and welcoming foyer that opens into a spacious living room filled with natural light from large front-facing windows. The beautifully renovated kitchen features quartz countertops, stainless steel appliances, a stylish tile backsplash, and a central island, perfect for both everyday use and entertaining. The main floor also includes three generously sized bedrooms and a fully updated 4-piece bathroom.Downstairs, the basement suite (illegal) offers a private entrance, a second modern kitchen with stainless steel appliances, another 4-piece bathroom, three additional bedrooms, and a separate laundry area—an excellent layout for extended family living.Enjoy outdoor living in the large, fully fenced backyard, ideal for summer gatherings, gardening, or adding a garage in the future.With its extensive renovations and prime location, this home is the perfect blend of style, function, and opportunity.Book your private showing today—this one won’t last! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 7.58 Ft | |
| Bedroom | 9.92 Ft x 10.67 Ft | |
| Bedroom | 8.25 Ft x 9.25 Ft | |
| Bedroom | 8.42 Ft x 11.00 Ft | |
| Kitchen | 9.92 Ft x 10.75 Ft | |
| Laundry room | 4.50 Ft x 5.58 Ft | |
| Recreational, Games room | 10.75 Ft x 12.42 Ft | |
| Storage | 3.42 Ft x 3.58 Ft | |
| Furnace | 10.33 Ft x 11.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 5.00 Ft x 8.08 Ft | |
| Bedroom | 8.08 Ft x 10.50 Ft | |
| Bedroom | 8.00 Ft x 11.50 Ft | |
| Dining room | 6.25 Ft x 11.33 Ft | |
| Kitchen | 10.58 Ft x 11.33 Ft | |
| Living room | 13.92 Ft x 17.58 Ft | |
| Laundry room | 2.83 Ft x 3.33 Ft | |
| Other | 5.75 Ft x 6.75 Ft | |
| Primary Bedroom | 10.75 Ft x 11.42 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
-1.03%
Cap rate
4.66%
GRM
13.9
Break-even rent
$3,965
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 May 23, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.