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Home Communities Forest Lawn 2231 40 Street SE
$465,000 Terminated
2231 40 Street SE · Calgary · T2B1B8
3 bd 2.0 ba 990 sqft $470/sqft Built 1959
MLS® A2316442 · Listed May 30, 2026
Listed by First Place Realty — Birdavinder Pawar, Chanvarinder Wraich
By the numbers

How this listing measures up

Value score Hot deal
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$/sqft $470
vs Forest Lawn median +3% community avg $451K
Sqft per bedroom 330
Year built 1959
Annual taxes $2,824 2025
Garage 1 space
$/sqft distribution

Where this listing sits in Forest Lawn

Of 25 active residential listings in Forest Lawn, this property at $470/sqft sits in the $450–500 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 · $470
Other active listings This listing's price range This listing

About this property

Attention investors, a builder and handyman special. Great opportunity to make equity on this property, the property is in a great location and has a huge lot (50X126). Location is near international avenue, great access to Downtown, public transit, and easy access to the highway.

Property details

Bedrooms3
Bathrooms2.0
StyleBungalow
HeatingForced Air
CoolingNone
FlooringHardwood
LevelsOne
BasementFull
Basement developmentPartially Finished
Interior featuresWood Counters
AppliancesElectric Stove,Refrigerator
InclusionsN/A
LaundryIn Basement
Lot size585.00 sqft
Frontage50 ft
Lot featuresBack Lane,Back Yard,Front Yard
Exterior featuresPlayground,Private Yard
FencingPartial
PatioNone
Year built1959
Construction materialsConcrete,Vinyl Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresSingle Garage Detached
Garage spaces1
Parking total2
Annual taxes$2,824
Tax year2025
PossessionImmediate
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodForest Lawn
Community featuresPark,Playground
List AORCalgary

Location

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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.

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Similar listings in Forest Lawn

Listed by: First Place Realty — Birdavinder Pawar, Chanvarinder Wraich.