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Home Communities Forest Heights 5203 Memorial Drive SE
$499,900 Sold
5203 Memorial Drive SE · Calgary · T2A 2P9
5 bd 2.0 ba 1,051 sqft $475/sqft Built 1968
MLS® A2310753 · Listed May 13, 2026
Listed by RE/MAX First — Jordan Lotoski
By the numbers

How this listing measures up

$/sqft $475
vs Forest Heights median +33% community avg $377K
Sqft per bedroom 210
Year built 1968
Annual taxes $3,253 2025
Forest Heights avg DOM 39d
$/sqft distribution

Where this listing sits in Forest Heights

Of 12 active residential listings in Forest Heights, this property at $475/sqft sits in the $450–500 range.
$150–$200/sqft · 1 listing $200–$250/sqft · 2 listings $250–$300/sqft · 1 listing $300–$350/sqft · 0 listings $350–$400/sqft · 1 listing $400–$450/sqft · 2 listings $450–$500/sqft · 4 listings $500–$550/sqft · 1 listing $150 $200 $250 $300 $350 $400 $450 $500 $550 This · $475
Other active listings This listing's price range This listing

About this property

Welcome to this beautifully renovated bungalow in the established community of Forest Heights, offering a great opportunity for homeowners, investors, or multi-generational living. With 3 bedrooms up, an illegal 2-bedroom basement suite, and completely updated throughout, this home blends modern comfort with functional versatility in a mature, convenient location. Step inside to discover a bright and inviting main floor featuring updated flooring, newer windows, stylish light fixtures, and a fresh contemporary feel from top to bottom. The spacious living area is filled with natural light and flows seamlessly into the renovated kitchen, complete with modern cabinetry, updated countertops, and plenty of prep and storage space. The adjoining dining area creates an ideal setup for both everyday living and entertaining. Three well-sized bedrooms and an updated full bathroom complete the upper level. The fully developed lower level features a thoughtfully designed illegal 2-bedroom suite with its own renovated kitchen, updated bathroom, spacious living area, and separate sleeping quarters—perfect for extended family, guests, or potential rental income. The lower level continues the same updated aesthetic found upstairs, making the entire home feel cohesive and move-in ready. Outside, the sunny south-facing backyard offers a private outdoor space with plenty of room to relax, garden, or entertain. The yard is fully fenced, making it ideal for kids and pets, while the large rear parking pad provides ample off-street parking for multiple vehicles. Whether you’re looking for a comfortable family home or an investment property with income potential, this property checks all the boxes. Located close to schools, parks, shopping, transit, and major commuter routes, this is a fantastic opportunity to own a turnkey home in an established southeast Calgary neighbourhood. Stylishly updated, well maintained, and offering outstanding flexibility, this bungalow is ready for its next chapter. (Please note all photos are AI staged )

Property details

Bedrooms5
Bathrooms2.0
StyleBungalow
HeatingForced Air,Natural Gas
CoolingNone
FlooringLaminate,Tile,Vinyl
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresKitchen Island,Low Flow Plumbing Fixtures,Quartz Counters,Soaking Tub,Storage
AppliancesDishwasher,Dryer,Electric Stove,Range Hood,Refrigerator,Washer,Window Coverings
InclusionsBasement: Fridge, stove, hood fan
LaundryIn Basement
Lot size5500.00 sqft
Frontage49.97 ft
Lot featuresBack Lane,Back Yard,Low Maintenance Landscape,Rectangular Lot
Exterior featuresStorage
FencingFenced
PatioPatio
Year built1968
Construction materialsBrick,Stucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresAlley Access,Parking Pad
Parking total2
Annual taxes$3,253
Tax year2025
Possession15 Days / Neg,30 Days / Neg
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodForest Heights
Community featuresPark,Playground,Schools Nearby,Shopping Nearby
List AORCalgary

Location

Sold comparables in Forest Heights

31 recent sales in Forest Heights

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About Forest Heights

AI-generated summary

Forest Heights is a mature, unpretentious east Calgary community with a strong working-class character and a quietly tight-knit feel. Tree-lined streets and established lots give it a grounded, lived-in charm.

Located in east Calgary near the community of Forest Lawn
One of Calgary's more affordable established neighbourhoods for detached home ownership
Part of a broader area known for strong multicultural community ties
Housing
The neighbourhood is dominated by post-war bungalows and bi-levels from the 1950s–70s, offering solid entry-level ownership opportunities at some of Calgary's more accessible price points.
Transit
Forest Heights is served by Calgary Transit bus routes with connections to the broader east Calgary network, though most residents rely on personal vehicles for daily errands.
Amenities
Residents are close to Forest Lawn's commercial strip along 17th Avenue SE, which offers an eclectic mix of ethnic grocery stores, restaurants, and everyday services.
Who lives here
The community attracts first-time buyers, value-conscious families, and a diverse mix of newcomers drawn by affordability and proximity to employment in east Calgary.
Full Forest Heights 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.

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Listed by: RE/MAX First — Jordan Lotoski.