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A2259892 - 1509 38 Street SE, Calgary, Alberta T2A 1G7




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Welcome to 1509 38 Street SE — a home that doesn’t just check boxes, it opens doors. Renovated top to bottom, this bungalow blends modern comfort with real investment power, sitting proudly on a 50×126 ft R-CG lot with a fully finished Legal Basement Suite and an Oversized Heated Garage.

Inside, the main floor shines with an expansive 225 sq ft Primary Bedroom, a second bright Bedroom, and a refreshed Full Bath. The Kitchen steals the show with Stainless Steel Appliances, Sleek Cabinetry, and Open Sightlines that make the space feel both welcoming and functional. Throughout, you’ll notice thoughtful Renovations — New Flooring, New Doors, Updated Lighting & Electrical, Fresh Paint, and Newer Windows that pour sunlight into every corner. You also have a High Efficiency Furnace, Tankless Water Heater, and A/C, making this comfortable, no matter the weather. Outside you'll find the newer roof, with a 35 year shingle on the house, and a 25 year shingle on the garage.

Downstairs, opportunity awaits. The Legal Basement Suite is set up with 2 Bedrooms, a Full Bath with a Jacuzzi Tub, Kitchen, and Large Living Area — a space that has been ran as both a successful Long Term Rental, and an AirBnB (where it is currently listed as a long term rental). This gives you the flexibility to house extended family, create a mortgage helper, or expand your short-term rental income. And with RCG Zoning, the lot itself becomes a long-term play, offering Redevelopment Potential in a growing pocket of the city.

Step outside to discover even more value. The Oversized Heated Double Garage with a Loft Area is a rare find — a dream space for mechanics, hobbyists, or tenants who value storage. There's even a wall built between the two parking spots so you could rent one side to each suite! The Fenced Yard is generous and versatile: you have a dedicated dog run, with a low maintenance yard, and you can garden, entertain under the Pergola (that's included), or host that family BBQ on the Outdoor Kitchen that stays with the home! Let's not forget that you also have a massive RV Parking Pad that can not only fit a 40ft RV, but has room beside it to fit a second one, and has a 50amp Hookup. With space to park 2 more vehicles behind the garage, Offstreet Parking is never an issue here. Between the Upstairs Suite, the Legal Basement Suite, both Sides of the Garage, and both RV Parking Spots, that gives 6 Potential Income Streams!

All of this is anchored in Forest Lawn, where convenience meets community. The area is undergoing huge Development & Revitalization Project by creating more housing options, recreational spaces , and community facilities. Transit, schools, parks, and shopping are all close by. Downtown is a short commute away, making it just as appealing to renters as it is to homeowners.
Whether you’re a first-time buyer looking to crush your mortgage or an investor searching for strong cashflow in a high-demand market, this property is more than a home — it’s a strategy for the future.

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ESSENTIAL
MLS®:A2259892
Price:619,900.00
Type:Residential
Sub Type:Detached
Style:Attached-Up/Down,Bungalow
Lot Size:6,296 sq. ft.
Levels:One
Total Sqft:904.7 Sqft.
RestrictionsAirspace Restriction
DOM41
INTERIOR SNAPSHOT   
Baths Full:2
Baths Total:2
Bedrooms:4
Rooms Above:4
Flooring:Hardwood
Heating:Forced Air
Basement:Full
Suite:Yes


COMMUNITY DETAILS
Address:1509 38 Street SE, Calgary, Alberta T2A 1G7
City:Calgary
Subdivision:Forest Lawn
County:Calgary
Province:Alberta
Postal Code:T2A 1G7
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1957
Structure Type:House
Foundation:Poured Concrete
Frontage:15.23M 50`0"
Roof:Asphalt Shingle
Zoning:R-CG
Construction:Wood Frame
Parking Total:6
ROOM DIMENSIONS


Community Features: Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Inclusions: Pergola and Outdoor Kitchen in the Backyard
Lot Features: Back Lane, Back Yard, City Lot, Front Yard, Landscaped, Lawn, Level, Low Maintenance Landscape, Rectangular Lot, Street Lighting
Parking Features: Double Garage Detached, Garage Door Opener, Garage Faces Rear, Heated Garage, Insulated, Off Street, Oversized, Parking Pad, RV Access/Parking
Patio And Porch Features: Front Porch, Patio, Pergola



Courtesy: MaxWell Canyon Creek


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We would highly recommend Big John and his team. Selling a property can be highly stressful. They alleviated much of that stress by keeping us informed throughout the whole process. Their professional advice was invaluable. We truly appreciated all of the team and thank them for their service
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We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional now as years ago, Thanks to technology, the photos, video and brochures were absolutely great! When we saw our home on the website, we wanted to buy it. The showing process was also excellent. Easy to approve a showing and easy for us to make arrangements. Hopefully, we won't need Big John's services any time soon but, we will definitely recommend him and his team to anyone that should ask. Thank you for making the experience a positive one. Best regards Jim and Leslie G.
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Real Estate Listings: 30
Highest Price: $699,999.00
Lowest Priced: $109,900.00
Average Price: $481,552.47
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FAQs about 1509 38 Street SE, Calgary,
Alberta, T2A 1G7

1509 38 Street SE MLS® A2259892 has an approximate size of 905 Sq. Ft. located in Forest Lawn.

Nearby schools include read Schools & resources

There are 4 bedrooms and 2 bathrooms in this Residential listing at 1509 38 Street SE, MLS® A2259892.

This Residential listings is priced at $619,900.

This property is located at 1509 38 Street SE, Calgary, Alberta, T2A 1G7 in the Forest Lawn community on the market for 41 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Forest Lawn community resources page.