2615/2613 39 Street SE

About this home

A rare FULL DUPLEX OPPORTUNITY with exceptional flexibility, multiple (FOUR) existing living spaces and incredible potential for an investor, multi-generational household, or owner looking to offset their mortgage with rental income. Offering over 3200sf above grade between both sides, this unique property provides a variety of possibilities both now and in the future.One side features a spacious 1760sf TWO STOREY HOME WITH FULLY DEVELOPED BASEMENT. Keep the home as one large residence, live here while generating income from the neighbouring units, or explore the potential to create an additional basement suite with its own separate entrance (subject to city requirements). The two storey side does require some TLC, but its size and layout offer an excellent opportunity to renovate and add value.The adjoining 1450sf BUNGALOW adds even more versatility. Its lower level already includes an EXISTING 1-BEDROOM LEGAL SUITE, along with an ADDITIONAL STUDIO STYLE LIVING SPACE with a kitchenette. The bungalow also benefits from an existing SEPARATE SIDE ENTRANCE, helping provide privacy and independence between living areas.For an investor with vision, the property offers the potential for UP TO FIVE SELF-CONTAINED LIVING SPACES across the entire duplex (subject to city requirements). Alternatively, occupy one side and rent the other, accommodate extended family while maintaining separate spaces, or simply hold the property as a substantial full-duplex rental.Outside, the property is already well designed for multiple households. The backyards are SEPARATELY FENCES, each with its own access to the EXPANSIVE REAR PARKING PAD spanning the width of the property. There is also significant potential to further develop the parking area with up to two garages or one oversized garage.Big properties create big possibilities, and this one offers a combination of space, existing rental infrastructure and future value-add potential that is difficult to find. Whether your visio n is a multi-unit investment, mortgage-helper setup, multi-generational property or renovation project, there is plenty here to work with. (id:67720)

Home details

Property type

Multi-family

Living area

3,242 sq. ft.

Year built

1970

Storeys

2

Bedrooms above grade

6

Bedrooms below grade

4

Basement

Finished, Full, Separate entrance, Suite

Heating

Forced air

Cooling

None

Fireplaces

1

Flooring

Carpeted, Ceramic Tile, Vinyl Plank

Appliances included

Refrigerator, Oven - Electric, Dishwasher, Window Coverings, Washer & Dryer

Parking spaces

4

Parking

Parking Pad, Other

Exterior

Wood frame

Lot features

Back lane, Level

Lot dimensions

6296.89

Zoning

R-CG

Title

Freehold

Lot size

6,296.89 square feet

Property taxes

$5,296 (2026)

MLS® number

A2341560

MLS® A2341560 · Listed by RE/MAX First · Information updated Oct 31, 2:01 a.m.

Location

Living in Forest Lawn

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