107 40 Avenue NE
Calgary, AB, T2E2M6
$999,900
4 Beds
4 Baths
1,219 SqFt
0.16 Acres
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Perfect for Builders and Investors! Situated in the inner city community of Highland Park, this property offers an excellent investment and development opportunity. Recently rezoned M-H1 allowing for a maximum of 8 storeys with commercial/retail option on the main floor. The lot measures 57′ x 120′ (Approx 6,840 sq ft). With some fixing up, the existing single family home would be excellent investment property. Currently offers a 2 bedroom unit on the main floor with 2 units in the basement, a 1 bedroom and a studio. Located a block of Centre Street and the BRT 301 (future green line C-Train). Close to all amenities, schools, shopping and restaurants. Great location for investment properties. There is potential to purchase the neighbouring property 4019 Centre A St NE that was also rezoned M-H1 – see rendering in photos which encapsulates both lots. Call for more information.

Property Details

Price:
$999,900
MLS #:
A2256063
Status:
Active
Beds:
4
Baths:
4
Address:
107 40 Avenue NE
Type:
Single Family
Subtype:
Detached
Subdivision:
Highland Park
City:
Calgary
Listed Date:
Sep 12, 2025
Province:
AB
Finished Sq Ft:
1,219
Postal Code:
226
Lot Size:
6,824 sqft / 0.16 acres (approx)
Year Built:
1910
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Rob Johnstone

Rob Johnstone

Realtor®

Phone 403 730-2330

Rob Johnstone is a trusted Calgary Realtor with over 30 years of real estate experience. He has evaluated thousands of properties and is a recognized expert in Calgary home and condo sales. Rob offers accurate home evaluations either by email or through in-person appointments. Both options are free and come with no obligation. His focus is to provide honest advice and professional insight, helping Calgary homeowners make confident decisions when it’s time to sell their property.

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Schools

Interior

Appliances
None, See Remarks
Basement
Finished, Full, Suite, Walk- Out To Grade
Bathrooms Full
3
Bathrooms Half
1
Laundry Features
In Basement

Exterior

Exterior Features
Balcony, Private Yard
Lot Features
Back Lane, Back Yard, Backs on to Park/ Green Space, Corner Lot, Rectangular Lot, Sloped, Treed
Parking Features
Double Garage Detached, Driveway, Off Street, Paved
Parking Total
5
Patio And Porch Features
Balcony(s), Patio
Roof
Asphalt Shingle

Financial

Map

Community

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disclosure
Courtesy of Royal LePage Benchmark. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Calgary AB. Detailed information about real estate listings held by brokerage firms other than Rob Johnstone include the name of the listing broker. Neither the listing company nor Rob Johnstone shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Calgary AB. All rights reserved.
Rover IDX
107 40 Avenue NE
Calgary, AB