Calgary Real Estate Geek
Home Communities Forest Lawn 1816 42 Street SE
$474,900 Sold
1816 42 Street SE · Calgary · T2B 1E9
3 bd 2.0 ba 850 sqft $559/sqft Built 1959
MLS® A2285724 · Listed Feb 12, 2026
Listed by Real Broker — Steve Throndson, Erin Sinclair
By the numbers

How this listing measures up

$/sqft $559
vs Forest Lawn median +5% community avg $451K
Sqft per bedroom 283
Year built 1959
Annual taxes $3,087 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Forest Lawn

Of 25 active residential listings in Forest Lawn, this property at $559/sqft sits in the $550–600 range.
$150–$200/sqft · 2 listings $200–$250/sqft · 0 listings $250–$300/sqft · 1 listing $300–$350/sqft · 0 listings $350–$400/sqft · 2 listings $400–$450/sqft · 1 listing $450–$500/sqft · 5 listings $500–$550/sqft · 5 listings $550–$600/sqft · 4 listings $600–$650/sqft · 1 listing $650–$700/sqft · 2 listings $700–$750/sqft · 2 listings $150 $250 $350 $450 $550 $650 $750 This · $559
Other active listings This listing's price range This listing

About this property

CHECK OUT OUR 24/7 VIRTUAL OPEN HOUSE! Investors and savvy buyers—this is a rare inner-city opportunity with M-C1 zoning, offering long-term redevelopment potential (multi-residential density, up to 4 storeys, subject to city approval). Pair that with an existing legal up/down suite, and you’ve got the best of both worlds: income today + upside tomorrow. This beautifully maintained bungalow features 2 bedrooms and a 4-piece bath on the main level, plus a legal 1-bedroom basement suite with a 3-piece bath—ideal for investors, multi-generational living, downsizers, or owner-occupants wanting a reliable mortgage helper. The main floor has been tastefully refreshed with warm vinyl plank flooring, fresh paint and trim, and refurbished kitchen cabinets, creating a bright and welcoming space. Downstairs, the fully finished legal suite offers excellent flexibility for rental income or extended family. Outside, you’ll appreciate the large, level lot with extra rear/side parking (perfect for a boat or small RV), plus a double garage off the back lane for secure parking and storage. Added bonus: a new roof on both the house and garage (2024) for peace of mind. Centrally located close to Deerfoot Tr, shopping, schools, and public transit make this home perfect for any family at any stage of life. Whether you’re building your portfolio, planning future redevelopment, or looking for a home that helps pay for itself, this one checks all the boxes.

Property details

Bedrooms3
Bathrooms2.0
StyleBungalow
HeatingForced Air
CoolingNone
FlooringLaminate,Linoleum,Vinyl Plank
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresSee Remarks
AppliancesDryer,Electric Range,Garage Control(s),Range Hood,Refrigerator,Washer,Window Coverings
InclusionsN/A
LaundryIn Basement
Lot size5306.00 sqft
Frontage43.51 ft
Lot featuresBack Lane,Back Yard,Landscaped,Low Maintenance Landscape,Rectangular Lot
Exterior featuresNone
FencingFenced
PatioPatio
Year built1959
Construction materialsBrick,Stucco,Vinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresAlley Access,Double Garage Detached,Parking Pad,RV Access/Parking
Garage spaces2
Parking total2
Annual taxes$3,087
Tax year2025
PossessionNegotiable
ZoningM-C1
TitleFee Simple
RestrictionsNone Known
NeighbourhoodForest Lawn
Community featuresSchools Nearby,Shopping Nearby,Street Lights,Walking/Bike Paths
List AORCalgary

Location

Sold comparables in Forest Lawn

45 recent sales in Forest Lawn

VOW members see sold prices, sold dates, and full comparable details. Free registration; takes 30 seconds.

Sign up to see sold data

About Forest Lawn

AI-generated summary

One of Calgary's most culturally diverse and unpretentious communities, Forest Lawn has a gritty, working-class character with a vibrant multicultural energy centred along International Avenue (17th Avenue SE).

International Avenue (17th Ave SE) is recognised as one of Canada's most ethnically diverse commercial strips
Forest Lawn was an independent town before being annexed by Calgary in 1961
Elliston Park hosts the annual GlobalFest fireworks festival each summer
Housing
Predominantly post-war bungalows and modest single-family homes, with a growing number of infill developments and affordable multi-family properties.
Transit
Well-served by Calgary Transit bus routes along International Avenue, with reasonable access to the CTrain network; the area is moderately walkable for daily errands.
Amenities
International Avenue offers an eclectic mix of ethnic restaurants, grocery stores, independent shops, and services representing dozens of cultures, alongside Elliston Park and the Calgary Farmers' Market East.
Who lives here
A vibrant mix of new Canadians, long-time working-class families, and budget-conscious residents drawn by affordability and community diversity.
Full Forest Lawn community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

Browse Calgary homes by feature

Heritage & Character Homes New Construction Homes Character Homes Homes Near C-Train Legal Suite Homes Backing Onto Park EV Charging Homes Hot Tub Homes River Homes Walkout Basements Luxury Homes Triple Car Garage Just Listed

Similar listings in Forest Lawn

Listed by: Real Broker — Steve Throndson, Erin Sinclair.