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Home Communities Forest Lawn 1527 46 Street SE
$578,000 Active
1527 46 Street SE · Calgary · T2A 1N7
5 bd 2.0 ba 976 sqft $592/sqft Built 1961
MLS® A2321172 · Listed Jun 20, 2026
Listed by TREC The Real Estate Company — Hui Zhao
By the numbers

How this listing measures up

$/sqft $592
vs Forest Lawn median +28% community avg $451K
Sqft per bedroom 195
Year built 1961
Annual taxes $3,265 2026
Garage 1 space
$/sqft distribution

Where this listing sits in Forest Lawn

Of 25 active residential listings in Forest Lawn, this property at $592/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 · $592
Other active listings This listing's price range This listing

About this property

Looking for a RARE INVESTMENT OPPORTUNITY WITH A LEGAL BASEMENT SUITE? Look no further! This well-kept bungalow is a total money-maker, perfect for investors or anyone wanting a huge mortgage helper. The main floor is already a super successful Airbnb that brings in top dollar, while the fully legal basement suite is currently rented out for steady, reliable cash flow month after month. Sitting on a massive 5900 sq. ft. R-CG zoned lot, this property lets you collect two rent checks today, while sitting on a goldmine for future development tomorrow. Whether you want to buy and hold or enjoy instant cash flow, this is the one! This detached home features 5 bedrooms and two 4-piece bathrooms. The downstairs cabinetry and upstairs living room floors were newly updated in November 2025. Unbeatable location with exceptional accessibility! Walking distance or a short drive to local schools, parks, shopping, and transit. Features seamless access to major corridors including International Avenue (17 Ave SE), Deerfoot Trail, and Stoney Trail

Property details

Bedrooms5
Bathrooms2.0
StyleBungalow
HeatingForced Air
CoolingNone
FlooringHardwood,Laminate
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresSeparate Entrance
AppliancesDryer,Electric Stove,Refrigerator,Washer,Window Coverings
InclusionsNone
LaundryIn Basement
Lot size5995.00 sqft
Frontage49.22 ft
Lot featuresBack Lane,Rectangular Lot
Exterior featuresPlayground
FencingFenced
PatioDeck
Year built1961
Construction materialsWood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresParking Pad,Single Garage Detached
Garage spaces1
Parking total3
Annual taxes$3,265
Tax year2026
Possession90 Days / Neg
ZoningR-CG
TitleFee Simple
RestrictionsAirspace Restriction,None Known
NeighbourhoodForest Lawn
Community featuresPark,Playground,Schools Nearby,Shopping Nearby
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.
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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: TREC The Real Estate Company — Hui Zhao.