Forest Lawn Homes with Full Basement Development

Welcome to Forest Lawn, a vibrant and diverse community nestled in the heart of Calgary, Alberta. Known for its rich cultural tapestry and friendly atmosphere, Forest Lawn offers residents a unique blend of urban convenience and suburban charm. With easy access to downtown Calgary, this neighborhood is perfect for those who appreciate the hustle and bustle of city life while enjoying the tranquility of a close-knit community.

One of the standout features of homes in Forest Lawn is the availability of properties with full basement development. These versatile spaces provide homeowners with endless possibilities—whether you envision a cozy family room, a home office, or an additional rental suite, the full basements in this area are a true asset. Imagine hosting gatherings with friends and family in your spacious basement, or creating that dream entertainment space you've always wanted.

The community itself is adorned with lush parks, playgrounds, and recreational facilities, making it an ideal place for families and outdoor enthusiasts. Residents benefit from a variety of local amenities, including shops, restaurants, and schools, all within walking distance. The strong sense of community spirit is palpable, with numerous events and activities that bring neighbors together throughout the year.

Whether you are a first-time homebuyer, a growing family, or looking to invest, Forest Lawn’s homes with full basement development offer both comfort and potential. Discover the charm of Forest Lawn and make it your next home—where community meets opportunity!

Newest Forest Lawn Homes with Full Basement Development

$588,000

5 Beds ⋅ 2 Baths ⋅ A2327991 MLS® #

THIS IS IT! Ideal turnkey rental 5 bed/2 bath bungalow on a large lot, zoned RCG, with a legal suite, on a quiet street, perfect for investors or as a mortgage helper for first time buyers. The spacious main floor features large sunny windows, fresh paint & baseboards throughout, newer luxury vinyl plank flooring, updated white kitchen, 3 bedrooms & 4 pc bath. The lower level legal suite features low maintenance luxury vinyl plank throughout, a good sized main living area & kitchen, 2 bedrooms and a updated 4 pc bath. Other improvements include a newer vinyl glass slider upstairs, newer roof (2014), new eavestroughs (2026), furnace (2018 ) & hot water tank (2017), checking off some major components. The property is close to shopping, schools & playgrounds and a quick drive to the natural beauty & trails of Elliston Park. Don't miss this great opportunity! Book your showing today!

2016 46 Street Se, Calgary

Courtesy of LPT Realty.

$619,000

1 Beds ⋅ 1 Baths ⋅ A2330250 MLS® #

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Exceptional M-C1 development opportunity in the heart of Forest Lawn, offered together with adjacent 1831 43 Street SE, creating a rare 100' x 122' land assembly (over 12,000 sq.ft.) just one block from International Avenue (17 Ave SE). This assembly sits roughly 150m from the 44 St SE MAX Purple BRT station, close enough to qualify for a built-in 25% parking stall reduction for multi-residential development under Calgary's Land Use Bylaw. No relaxation application is required; it's automatic given the site's proximity to transit. This reduction can materially improve site efficiency and unit yield potential for a future build. Zoned M-C1 and unaffected by the recent citywide rezoning repeal, this site supports multi-residential development at increasing density, providing continued flexibility for builders and investors seeking density in an established inner-city location. The existing structure on this property is not habitable and is being sold for land value only. Adjacent 1831 43 Street SE contains a livable owner-occupied home that may provide holding value while redevelopment plans are pursued. Minutes from downtown Calgary, transit, shopping, restaurants, schools, and major commuter routes. Large M-C1 development sites with 100 feet of combined frontage are increasingly difficult to find. PROPERTY MUST BE PURCHASED TOGETHER WITH 1831 43 STREET SE.

1827 43 Street Se, Calgary

Courtesy of The Real Estate District.

$619,000

1 Beds ⋅ 2 Baths ⋅ A2330249 MLS® #

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Rare opportunity to acquire this M-C1 zoned parcel as part of a two-property land assembly, offered together with 1827 43 Street SE. Combined, the properties provide approximately 100 feet of frontage and 122 feet of depth (12,000+ sq.ft.), creating an exceptional redevelopment opportunity in the heart of Forest Lawn.This assembly sits directly on 17 Ave SE (International Avenue), roughly 150m from the 44 St SE MAX Purple BRT station, close enough to qualify for a built-in 25% parking stall reduction for multi-residential development under Calgary's Land Use Bylaw. No relaxation application is required, it's automatic given the site's proximity to transit, which materially improves site efficiency and unit yield potential for a future build.Zoned M-C1 and unaffected by the recent citywide rezoning repeal, this site supports multi-residential development at increasing density, with the transit-supportive parking reduction allowing more livable/buildable area per unit than a typical M-C1 site further from transit. Combined frontage of 100 feet is increasingly hard to find in this corridor.The existing owner-occupied bungalow may offer interim holding income while development plans are pursued, featuring 2 bedrooms up, 1 bedroom down, 2 full bathrooms, and a partially finished basement. Minutes from schools, shopping, restaurants, transit, and major commuter routes.PROPERTY MUST BE PURCHASED TOGETHER WITH 1827 43 STREET SE.

1831 43 Street Se, Calgary

Courtesy of The Real Estate District.

$639,900

3 Beds ⋅ 2 Baths ⋅ A2330043 MLS® #

An exceptional permit-ready infill development opportunity in Calgary's rapidly revitalizing Forest Lawn corridor. This 50' x 122' R-CG lot includes a fully approved Development Permit for two modern duplexes featuring eight self-contained residential units, plus four detached garages.Each duplex offers approximately 1,270 sq. ft. above grade with an additional 500 sq. ft. of developed legal basement space, maximizing rental income potential and long-term value. Approved building plans and DSSP are included, allowing the new owner to move directly toward construction.All major City approvals have been secured, eliminating entitlement and rezoning risk while significantly reducing project timelines, consultant fees, and soft costs. The purchaser only needs to obtain a partial Building Permit before commencing construction. To facilitate a seamless transition, the seller will assist with obtaining both the Demolition Permit and the partial Building Permit.Strategically located just minutes from International Avenue (17th Avenue SE), public transit, schools, shopping, parks, and major commuter routes, this property benefits from strong neighbourhood revitalization, increasing demand, and excellent long-term growth potential.This opportunity is ideally suited for: Build-to-sell developers seeking attractive resale margins. Long-term investors expanding their rental portfolio. Developers pursuing a CMHC MLI Select financing strategy. Investors looking for a shovel-ready, high-density infill project in one of Calgary's most active redevelopment corridors.With approvals already in place, this is a rare opportunity to acquire a construction-ready multi-family development site offering substantial time savings, reduced development risk, and strong rental and resale fundamentals.Joint venture opportunities are also available and open for discussion with qualified investors.

2028 43 Street Se, Calgary

Courtesy of URBAN-REALTY.ca.

$215,000

2 Beds ⋅ 2 Baths ⋅ A2326690 MLS® #

Attention Investors, Renovators and First Time Buyers! This home is just waiting for some TLC. Renovate and rent or flip. Price is reflective of market comparisons and condition of home. Call for more information ...

903 44 Street Se Unit D, Calgary

Courtesy of eXp Realty.

$355,900

2 Beds ⋅ 2 Baths ⋅ A2325163 MLS® #

Two story 2 bedroom four plex townhouse with no condo fee. Home is being renovated and basement will have a huge family room and storage room. Sliding doors to balcony. Pool ,play ground, transit and amenities close by. One off street parking. Ideal property for renovators. Make an offer as is. No sign on property.

1715a 39 Street Se, Calgary

Courtesy of RE/MAX Real Estate (Mountain View).

$624,900

5 Beds ⋅ 2 Baths ⋅ A2324699 MLS® #

Attention builders, developers, and investors! Exceptional redevelopment opportunity in the heart of Forest Lawn. This R-CG zoned property is ideally located just two blocks from vibrant 17 Avenue SE (International Avenue), surrounded by ongoing redevelopment in one of Calgary’s most active inner-city growth corridors. Minutes to downtown, transit, shopping, restaurants, schools, and major commuter routes. A rare opportunity offering immediate cash flow today and exceptional redevelopment potential for tomorrow. This income-producing property features 5 bedrooms, 2 bathrooms, and a legal secondary suite. The main floor offers 3 bedrooms and a beautifully renovated bathroom with subway tile, new tub, vanity, and tile flooring. The updated kitchen features stainless steel appliances and a subway tile backsplash. Many windows have been replaced throughout the home. The legal lower suite includes 2 spacious bedrooms, large windows, a renovated kitchen with full appliances and ample counter space, an updated bathroom, shared laundry, and additional storage. Major updates include renovated main floor bathroom, renovated lower suite and kitchen, updated windows, furnace, and a 2021 hot water tank. The property also offers a single detached garage with additional rear parking. The true value lies in the future potential. This R-CG property comes with a fully approved Development Permit (DP) for a triple detached garage with a suite above released March 2026 . Approved plans are included, allowing you to eliminate entitlement risk, significantly reduce your project timeline, and save thousands in consultant fees and soft costs. Build with confidence using this permit-ready opportunity while generating rental income from day one. Whether you’re looking for a strong cash-flow investment or your next inner-city development project, this is a rare opportunity in a sought-after location with exceptional upside.

2024 43 Street Se, Calgary

Courtesy of Real Estate Professionals Inc..

$609,800

5 Beds ⋅ 2 Baths ⋅ A2323322 MLS® #

Welcome to this WELL-MAINTAINED BUNGALOW situated on a large lot in a convenient SE Calgary location. Offering over 1,700 SQ. FT. OF DEVELOPED LIVING SPACE, this property features 5 BEDROOMS, 2 FULL BATHROOMS, AN ILLEGAL BASEMENT SUITE, AND A MASSIVE OVERSIZED DOUBLE DETACHED GARAGE, making it an excellent opportunity for homeowners, multi-generational families, or savvy investors. The main floor offers approximately 880 SQ. FT. ABOVE GRADE and showcases a bright and spacious living room highlighted by a cozy fireplace, a functional kitchen with ample cabinetry and dining space, a generous PRIMARY BEDROOM, two additional bedrooms, and a full 4-piece bathroom. The fully developed basement features a SEPARATE ENTRANCE, its own kitchen, a large recreation/living area, 2 ADDITIONAL BEDROOMS, a 3-piece bathroom, laundry area, and plenty of storage space—providing excellent flexibility for extended family living or mortgage-helper potential. Recent upgrades include an UPGRADED WASHER AND DRYER and a NEWER HOT WATER TANK, offering added value and peace of mind. Additional conveniences include a CENTRAL VACUUM SYSTEM and a WHOLE-HOUSE WATER FILTRATION SYSTEM, enhancing everyday comfort and functionality. Outside, you'll appreciate the beautifully maintained yard, LARGE PRIVATE BACKYARD, expansive patio area, and an impressive OVERSIZED DOUBLE DETACHED GARAGE with approximately 597 SQ. FT. OF SPACE, perfect for vehicles, tools, hobbies, workshop use, or additional storage. Ample off-street parking further adds to the property's appeal. Ideally located close to schools, shopping, public transit, parks, playgrounds, major roadways, and downtown Calgary, this property offers the perfect blend of convenience, versatility, and income potential. Whether you're looking to live up and rent down, accommodate a growing or multi-generational family, or add a solid revenue property to your investment portfolio, this home delivers exceptional value and endless possibilities. DON'T MISS THIS INCREDIBLE OPPORTUNITY!

1502 40 Street Se, Calgary

Courtesy of CIR Realty.

$578,000

5 Beds ⋅ 2 Baths ⋅ A2321172 MLS® #

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

1527 46 Street Se, Calgary

Courtesy of TREC The Real Estate Company.

$468,800

4 Beds ⋅ 3 Baths ⋅ A2321848 MLS® #

Discover exceptional value and versatility in this beautifully renovated bi-level duplex, ideally situated on a desirable corner lot in the established community of Forest Lawn. Thoughtfully updated from top to bottom, this move-in-ready home offers modern finishes, functional living spaces, and with an illegal basement suite. The bright and inviting main floor features an open-concept layout with luxury vinyl plank flooring throughout, creating a seamless and contemporary feel. You'll find two bedrooms, including a private primary retreat complete with its own 3 pc ensuite, along with an additional full bathroom designed for family and guests. The fully developed lower level offers a well-appointed illegal basement suite featuring two spacious bedrooms, a full bathroom, and comfortable living space — ideal for extended family or potential rental income. Extensive upgrades provide peace of mind, including new Pex plumbing, brand-new vinyl windows in the basement, newer windows on the main floor, and durable luxury vinyl plank flooring throughout the entire home. Positioned on a prominent corner lot, the property offers a balcony with additional outdoor space with convenient access to nearby schools, shopping, transit, parks, and major roadways. Whether you're a savvy investor seeking rental potential or a homeowner looking for flexible multi-generational living, this extensively renovated property presents an outstanding opportunity in a well-established Calgary neighbourhood.

3820 14 Avenue Se, Calgary

Courtesy of Real Broker.

$595,000

6 Beds ⋅ 3 Baths ⋅ A2320679 MLS® #

Click brochure link for more details** Unbeatable Value & Income Potential in Forest Lawn! Now $595,000 for a Quick Sale! Seize this exceptional opportunity for homeowners and savvy investors alike! This beautifully renovated bi-level home, now aggressively priced for a quick sale, offers incredible income-generating potential with a legal, separate basement suite.Upstairs Unit: Enjoy a spacious 3-bedroom, 2-bathroom layout featuring a stunning open-concept kitchen with a large island, quartz countertops, updated cabinetry, stylish lighting, and stainless steel appliances. Fully renovated bathrooms, updated flooring, and contemporary finishes make this unit move-in ready, with potential rental income of $2500/month. Includes its own separate washer/dryer.Legal Basement Suite: A fantastic mortgage-helper or investment! This legal, separate 3-bedroom, 1-bathroom suite offers significant rental income potential, estimated at $1000-$1200 per room. Complete with its own private entrance and separate washer/dryer, it provides ideal independent living.Property Highlights:• Total Potential Income: Up to $6100/month (if basement rented per room). • Large fenced yard and detached garage. • Ample parking. • Convenient Forest Lawn location, close to schools, shopping, transit, and major roads. • Recent exterior and interior updates ensure a fresh, modern aesthetic and functional living spaces.Don’t miss out on this prime investment or perfect family home with built-in income! Quick possession available. *Some photos are AI staged/altered.

4004 14 Avenue Se, Calgary

Courtesy of Honestdoor Inc..

$565,000

6 Beds ⋅ 2 Baths ⋅ A2313529 MLS® #

Calling all homebuyers and investors alike! Live up, rent down or use this home as an excellent investment and revenue-generating property! This bungalow features 3 bedrooms and a full 4-pc bathroom on the main level. The kitchen is nicely equipped with ample counter space and plenty of cabinets for all your storage needs. The fully LEGAL basement suite, completed in 2021, has 3 additional bedrooms (total of 6 bedrooms!), another RENOVATED 4-pc bathroom and low-maintenance flooring throughout. The basement kitchen is well equipped with stainless steel appliances, stylish backsplash and a modern sink and fixture. The windows in the basement have been updated (2021) to meet current egress codes. Additional UPGRADES include a NEWER high efficiency furnace (2021), hot water tank (2021), UPGRADED ELECTRICAL to 200 amps and the exterior of the home has been freshly painted. The massive backyard, accessible from the kitchen, has a large deck, an oversized 24’x22’ double garage as well as an additional gravel parking pad. This home is conveniently located within walking distance to multiple schools (Patrick Airline K-6, Ernest Morrow Middle School (7-9) and Forest Lawn High School), the Bob Bahan Aquatic & Fitness Centre, the Lucky supermarket and other restaurants and to International Avenue, which also has multiple shops, restaurants and grocery stores. Downtown Calgary is just a 12-minute car drive away or is also accessible via the 44th Street C-train station which is just a short walk from this home. This home is a must-see. Call to book your private showing today.

920 41 Street Se, Calgary

Courtesy of eXp Realty.

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