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Welcome to the desirable community of Varsity, just a short three-minute walk to Market Mall. This bi-level duplex is the perfect opportunity for investors, featuring a legal basement suite and a strong rental history. Upstairs offers three bedrooms and one full bathroom, while the lower level includes another three bedrooms and one full bathroom, currently rented and generating $3,500 per month in rental income.

The home includes bright living and dining spaces, a large recreation room in the basement, a versatile storage room that can double as a den or office, and a spacious front deck to enjoy. Recent updates include a renovated basement and a newer roof (2014).

With a prime location near the University of Calgary, Foothills Hospital, LRT, Sir Winston Churchill High School, and just steps from Market Mall, this property checks all the boxes for a revenue property or future value growth. Best access is from the south end of Voyageur Drive through the back lane.
Current real estate data for Single Family in Calgary as of Sep 03, 2025
4,088
Single Family Listed
45
Avg DOM
475
Avg $ / SqFt
$822,776
Avg List Price

Property Details

Price:
$565,000
MLS #:
A2250979
Status:
Active
Beds:
6
Baths:
2
Type:
Single Family
Subtype:
Semi Detached (Half Duplex)
Subdivision:
Varsity
Listed Date:
Aug 28, 2025
Finished Sq Ft:
982
Lot Size:
2,217 sqft / 0.05 acres (approx)
Year Built:
1971
VarsityFinishedFullBack Lane

Schools

Interior

Appliances
Dryer, Electric Cooktop, Electric Oven, Electric Stove, Refrigerator, Washer
Basement
Finished, Full
Bathrooms Full
2
Laundry Features
Common Area

Exterior

Exterior Features
Balcony, B B Q gas line, Playground, Private Entrance, Private Yard
Lot Features
Back Lane
Parking Features
Off Street, Parking Pad
Parking Total
2
Patio And Porch Features
Balcony(s)
Roof
Tar/ Gravel

Financial

Map

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Property Summary

    Located in the Varsity subdivision, 4256 40 Avenue NW Calgary AB is a Single Family for sale in Calgary, AB, T3A 0X1. It is listed for $565,000 and features 6 beds, 2 baths, and has approximately 982 square feet of living space, and was originally constructed in 1971. The current price per square foot is $575. The average price per square foot for Single Family listings in Calgary is $475. The average listing price for Single Family in Calgary is $822,776. To schedule a showing of MLS#a2250979 at 4256 40 Avenue NW in Calgary, AB, contact your ReMax Mountain View – Rob Johnstone agent at 403-730-2330.

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