Welcome to 2211 41 Street SE, a rare redevelopment and investment opportunity in the highly accessible southeast Calgary community of Forest Lawn. Situated on a generously sized lot on a mature, tree-lined street, this property offers exceptional potential for builders, investors, and developers looking to secure a prime inner-city redevelopment site with approved permits already in place for a 4-plex with 4 legal basement suites (8 units total). Surrounded by ongoing revitalization and redevelopment activity, this is an ideal opportunity to fast-track a high-demand multi-family project in an increasingly evolving neighbourhood. The existing bungalow is not currently livable and is being sold as-is, where-is, with the primary value centered in the land, redevelopment potential, and approved permits. With development approvals already secured, this property presents a significant opportunity for builders and investors looking to reduce entitlement timelines and accelerate project execution. The property features a large rear yard with excellent access, a detached garage, oversized rear parking area, mature trees, and strong lot functionality that supports the approved multi-family redevelopment. The approved 4-plex with 4 legal basement suites offers an attractive opportunity to capitalize on Calgary’s growing demand for well-located multi-family housing in established inner-city communities. Positioned near schools, parks, shopping, transit, and major commuter routes, this location offers exceptional convenience for future residents and strong long-term investment fundamentals. Multiple schools and green spaces are located nearby, adding to the area’s family-friendly appeal and future resale desirability. Whether you’re looking to build immediately or secure a redevelopment site with substantial upside potential, 2211 41 Street SE presents a compelling opportunity in an established Calgary neighbourhood.
Data was last updated May 24, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$472,400
Min list price:
$179,999
Max list price:
$679,000
Avg days on market:
23
Min days on market:
1
Max days on market:
278
Avg price per sq.ft.:
$511.63
These statistics are generated based on the current listing's property type
and located in
Forest Lawn. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.