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.
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.
Property Details
Price:
$565,000
MLS #:
A2250979
Status:
Active
Beds:
6
Baths:
2
Address:
4256 40 Avenue NW
Type:
Single Family
Subtype:
Semi Detached (Half Duplex)
Subdivision:
Varsity
City:
Calgary
Listed Date:
Aug 28, 2025
Province:
AB
Finished Sq Ft:
982
Postal Code:
301
Lot Size:
2,217 sqft / 0.05 acres (approx)
Year Built:
1971
See this Listing
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.
More About RobMortgage Calculator
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
Community
- Address4256 40 Avenue NW Calgary AB
- SubdivisionVarsity
- CityCalgary
- CountyCalgary
- Zip CodeT3A 0X1
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4256 40 Avenue NW
Calgary, AB
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