MLS #A2317359 image #0
A smart home purchase is one thing. But a home that pays you back every single month? That changes the conversation. Sitting on a massive 62 foot wide lot with a sun-soaked south backyard, this upgraded and fully suited 5 bedroom bungalow blends lifestyle, flexibility and income potential into one compelling opportunity. Whether you’re a growing family, investor or young buyer looking to offset your mortgage, this is the kind of property that makes financial sense without sacrificing comfort. Inside, this home has undergone a thoughtful refresh featuring charming refinished hardwood floors, repainted walls and replaced Lux windows throughout. The main living + dining spaces flow together seamlessly, creating an inviting setting for everyday life and entertaining alike. The bright kitchen delivers timeless style with herringbone flooring, crisp white cabinetry, subway tile backsplash and a corner stove framed by a sleek hood fan. The primary bedroom comfortably fits a king-sized bed and offers a spacious dual-door closet, while two additional guest bedrooms and a beautifully maintained 4-piece bathroom with stacked laundry complete the upper level. Downstairs, the fully contained 2 bedroom + den opens the door to incredible versatility with approximately $4,000/month in combined income potential. Large egress windows flood the lower level with natural light while the spacious layout, kitchenette, separate laundry and dedicated 3-piece bathroom create a comfortable space tenants or extended family will genuinely enjoy. Outside, the oversized single garage is complemented by an RV gate and additional parking stall designated for the lower-level occupant – a rare and valuable bonus. All this in a central location just 15 minutes to downtown and walking distance to Nose Hill Park, Confederation Park and an off-leash dog area. Opportunities with this much flexibility, functionality and upside don’t sit still for long.
Current real estate data for Single Family in Calgary as of Jun 10, 2026
3,501
Single Family Listed
41
Avg DOM
490
Avg $ / SqFt
$869,578
Avg List Price

Property Details

Price:
$749,900
MLS #:
A2317359
Status:
Active
Beds:
5
Baths:
2
Type:
Single Family
Subtype:
Detached
Subdivision:
Cambrian Heights
Listed Date:
Jun 8, 2026
Finished Sq Ft:
1,229
Lot Size:
6,210 sqft / 0.14 acres (approx)
Year Built:
1957
GarageCambrian HeightsFullBack Lane

Schools

Interior

Appliances
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked
Basement
Full
Bathrooms Full
2
Laundry Features
In Basement, In Bathroom, Lower Level, Main Level, Multiple Locations

Exterior

Exterior Features
Private Yard
Lot Features
Back Lane
Parking Features
Single Garage Detached, Stall
Parking Total
2
Patio And Porch Features
None
Roof
Asphalt Shingle

Financial

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Subdivisions in Calgary

Property Summary

    Located in the Cambrian Heights subdivision, 1207 40 Avenue NW Calgary AB is a Single Family for sale in Calgary, AB, T2K 0G3. It is listed for $749,900 and features 5 beds, 2 baths, and has approximately 1,229 square feet of living space, and was originally constructed in 1957. The current price per square foot is $610. The average price per square foot for Single Family listings in Calgary is $490. The average listing price for Single Family in Calgary is $869,578. To schedule a showing of MLS#a2317359 at 1207 40 Avenue NW in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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