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Calgary · Single Family · under $800,000 · 4+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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1207 40 Avenue NW
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. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 15.17 Ft x 19.50 Ft | |
| Other | 12.33 Ft x 13.92 Ft | |
| Bedroom | 10.83 Ft x 17.00 Ft | |
| Bedroom | 8.50 Ft x 12.50 Ft | |
| Den | 10.33 Ft x 11.00 Ft | |
| 3pc Bathroom | 6.33 Ft x 11.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 12.83 Ft x 17.75 Ft | |
| Dining room | 9.00 Ft x 10.75 Ft | |
| Kitchen | 12.33 Ft x 13.92 Ft | |
| Primary Bedroom | 10.92 Ft x 11.67 Ft | |
| Bedroom | 9.25 Ft x 13.42 Ft | |
| Bedroom | 9.25 Ft x 10.33 Ft | |
| 4pc Bathroom | 6.50 Ft x 10.33 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
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Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
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Inspection considerations
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 30, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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