1527 46 Street SE

About this home

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 (id:67720)

Home details

Property type

Single Family

Living area

976 sq. ft.

Building type

House

Style

Bungalow

Year built

1961

Storeys

1

Bedrooms above grade

3

Bedrooms below grade

2

Basement

Finished, Full, Separate entrance, Suite

Heating

Forced air

Cooling

None

Flooring

Hardwood, Laminate

Appliances included

Washer, Refrigerator, Stove, Dryer, Window Coverings

Parking spaces

3

Parking

Detached Garage, Parking Pad

Exterior

Wood frame

Lot features

Back lane

Lot dimensions

557.00

Zoning

R-CG

Title

Freehold

Lot size

557 square meters

Property taxes

$3,265 (2026)

MLS® number

A2321172

MLS® A2321172 · Listed by TREC The Real Estate Company · Information updated Oct 28, 8:32 p.m.

Location

Living in Forest Lawn

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