$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
| Room | Level | Size |
|---|---|---|
| Bonus Room | Main | 119'9" x 22'4" |
| Living Room | Main | 161'9" x 175'10" |
| Entrance | Main | 65'11" x 36'5" |
| Kitchen | Main | 103'8" x 127'8" |
| Mud Room | Main | 81'0" x 102'0" |
| Dining Room | Main | 87'7" x 98'9" |
| Bedroom | Second | 95'6" x 121'1" |
| Bedroom | Second | 111'3" x 87'7" |
| 4pc Bathroom | Second | 97'1" x 75'6" |
| Bedroom - Primary | Second | 137'2" x 111'3" |
| 3pc Bathroom | Basement | 73'6" x 46'3" |
| Laundry | Basement | 140'5" x 49'6" |
| Game Room | Basement | 198'2" x 190'0" |
Location
Monthly cost estimate
- 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.