2622 42 Street SE Calgary, AB T2B 1G7
Listing Courtesy of: PILLAR 9 - IDX / Listed By: Real Broker

  2622 42 Street SE Calgary, AB T2B 1G7

Active (19 Days)
$624,900 (CAD)
3
BED
1
BATH
991
SQFT

Description

An exceptional opportunity for developers, investors, and builders in a rapidly transforming inner-city corridor. Situated on a large 50' x 122' RC-G lot, this property comes with Development Permit (DP) approval from the City of Calgary for an 8-unit residential project, allowing you to fast-track your next development. This lot is exception for building as its a flat lot with no power poles and very few trees. The surrounding area is experiencing significant revitalization, with numerous newly completed and approved multi-family projects nearby, making this an outstanding investment in one of southeast Calgary's emerging redevelopment pockets.

The existing bungalow offers excellent holding income while you plan your project, featuring 3 bedrooms on the main floor and a 2-bedroom illegal basement suite with a separate entrance. Recent updates include new shingles on both the house and detached garage as well as a new sewer line from the home to the city connection. The main floor showcases original hardwood flooring beneath the living room carpet, a cozy wood-burning fireplace, a spacious kitchen and dining area, three generous bedrooms, and a full bathroom. The basement includes a shared laundry area, full kitchen, large living room, two bedrooms, a 3-piece bathroom, and additional storage.

Perfectly positioned at 2622 42 Street SE, this property offers exceptional convenience with schools, parks, playgrounds, public transit, and shopping all within walking distance. Residents will appreciate quick access to 17 Avenue SE (International Avenue), a vibrant destination known for its diverse restaurants, cafés, grocery stores, and everyday amenities. Major routes including Memorial Drive, Deerfoot Trail, and Stoney Trail provide easy commuting throughout Calgary, while downtown is just a short drive away.

Whether you're looking to develop immediately with an approved 8-unit project, hold as an income-producing property, or renovate for future appreciation, opportunities like this are becoming increasingly rare. Don't miss your chance to secure a prime redevelopment property in a thriving, high-growth location.

MLS®:
A2335671
Lot Size
6,100 SQFT
Type
Single-Family Home
Year Built
1959
Style
Bungalow

Listed By

Robby Khun Khun, Real Broker
Source
PILLAR 9 - IDX
Last checked Aug 28 2026 at 4:23 AM EDT
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Appliances : Refrigerator
  • Appliances : See Remarks
  • Appliances : Washer/Dryer
  • Appliances : Window Coverings
  • Laundry/Utility Room : In Basement
  • Appliances : Oven
  • See Remarks
Subdivision
  • Forest Lawn
Lot Information
  • Back Lane
  • Back Yard
Property Features
  • Fireplace: Total Fireplace(s) : 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Forced Air
  • None
Basement Information
  • Full
Flooring
  • Carpet
  • Linoleum
Exterior Features
  • Roof: Asphalt Shingle
Garage
  • Double Garage Detached
Parking
  • Parking Space(s) : 2
Stories
  • 1
Living Area
  • 991 sqft
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.