ActiveNew

$614,900

2028 43 Street SEForest Lawn, Calgary, AB T2B1H3

  • 3 beds
  • 2 baths
  • 1,395 sq ft
  • Detached

Listing courtesy of URBAN-REALTY.ca · MLS® A2352090

About this home

RARE APPROVED 8-UNIT DEVELOPMENT SITE | 50' x 122' R-CG | FOREST LAWN | READY TO ADVANCE TOWARD CONSTRUCTION

Investors and developers — this is an opportunity to acquire an already-approved multi-family infill project and bypass much of the time, cost and uncertainty normally associated with starting a new development.

Located in Calgary's Forest Lawn redevelopment corridor, this 50' x 122' R-CG site has an APPROVED Development Permit for TWO DUPLEXES containing EIGHT self-contained residential units**, plus FOUR detached garages. 8 UNITS. APPROVED DESIGN. SIGNIFICANT TIME SAVINGS.

The approved project provides approximately:

8 self-contained residential units, approximately 1,270 sq. ft. above grade per unit, approximately 500 sq. ft. of developed legal basement space/ unit, 4 detached garages, 2 modern duplex buildings, Approved Development Permit, DSSP approval, Building plans available, Demolition process underway.

This is not a speculative rezoning play. The development entitlement is already substantially advanced, allowing the next owner to focus on financing, Building Permit completion and construction rather than starting the planning process from zero.

BUILT FOR INVESTORS AND DEVELOPERS

The property offers multiple potential exit strategies:

BUILD & SELL: Construct and sell the completed units individually, subject to market conditions and applicable requirements.

BUILD & HOLD: Retain the completed units as a multi-family rental portfolio and build long-term equity and rental income.

DEVELOP & PARTNER: A qualified investor or developer can potentially structure a joint venture using the approved development as the foundation for the project.

FINANCING STRATEGY: The approved eight-unit configuration may be suitable for financing strategies available to qualifying multi-family projects, including potential CMHC programs, subject to current program requirements, lender approval and project eligibility.

The purchaser acquires an opportunity with an approved Development Permit, approved development configuration and supporting plans already in place, creating a substantially shorter path toward construction.

The seller is also prepared to assist with the applicable partial Building Permit process, subject to City requirements and mutually agreed transaction terms.

The location provides convenient access to established amenities while offering exposure to ongoing infill and redevelopment activity in the surrounding area.

FLEXIBLE DEAL STRUCTURES AVAILABLE (Qualified purchasers are invited to discuss): Joint-venture opportunities, Vendor-take-back financing, Traditional purchase, Other mutually acceptable transaction structures.

Key facts

Type
Detached
Style
3 Level Split
Year built
1961
Living area
1,395 sq ft
Lot
6,092 sq ft
Bedrooms
3
Bathrooms
2 full
Basement
Full, Finished
Parking
2-car garage
Price per sq ft
$441
Days on market
1
Listed
October 20, 2026
Community
Forest Lawn
Municipality
Calgary

Features

Interior

Features
Storage, Vinyl Windows
Appliances
Electric Stove, Microwave, Refrigerator, Washer/Dryer
Flooring
Carpet, Hardwood, Laminate, Tile
Heating
Forced Air, Natural Gas
Laundry
In Basement
Included
NA

Suite

Suite
No

Building

Structure
House
Levels
3 Level Split
Construction
Stucco, Wood Frame
Roof
Asphalt Shingle
Foundation
Poured Concrete

Exterior & lot

Lot
Back Lane, Back Yard, Front Yard
Fencing
Fenced
Front faces
W
Lot size
6,092 sq ft
Zoning
MC-1

Parking

Garage spaces
2
Total parking
2
Details
Double Garage Detached

Condo / HOA

Restrictions
None Known
Ownership
Not a Condo

Land & rural

Title
Fee Simple

Community

Features
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Rooms

RoomLevelSize
Bonus RoomMain119'9" x 22'4"
Living RoomMain161'9" x 175'10"
EntranceMain65'11" x 36'5"
KitchenMain103'8" x 127'8"
Mud RoomMain81'0" x 102'0"
Dining RoomMain87'7" x 98'9"
BedroomSecond95'6" x 121'1"
BedroomSecond111'3" x 87'7"
4pc BathroomSecond97'1" x 75'6"
Bedroom - PrimarySecond137'2" x 111'3"
3pc BathroomBasement73'6" x 46'3"
LaundryBasement140'5" x 49'6"
Game RoomBasement198'2" x 190'0"

Location

Open in Google Maps ↗

Monthly cost estimate

Estimated monthly payment$2,886
  • Mortgage $2,886

An estimate, not a quote: excludes property tax, home insurance and utilities. Starting rates are the best advertised 5-year fixed rates on October 8, 2026 (nesto.ca, best 5-year fixed); your rate depends on your lender and situation. Minimum down payment under Canadian rules is $36,490.

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Listing last updated: Oct 20, 2026, 3:25 p.m.