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1421 40 Street SW
Beds
4
Baths
4 full + 1 half
Sqft
1,906
Year
2006
Type
Single Family
On market
126d
Location · Quality · Lifestyle IN INNER CITYWelcome to this exceptional home offering over 2,800 sq. ft. of beautifully finished living space, ideally situated within walking distance to C-Train , Westbrook Shopping Mall and all amenities. Directly across the street is the well-known public charter school(Grade 3-7) focused on nurturing creativity and academic excellence. — a rare convenience that saves valuable commuting time for children. Direct bus to go to Western Canada High School. The home’s timeless stone and stucco exterior sets the tone for the superior craftsmanship and enduring quality found inside. Step into the main floor featuring 9-foot ceilings, crystal chandeliers, tile flooring, hardwood stairs, and cabinetry — a level of quality seldom seen in new buildings. The open-concept kitchen boasts rich hardwood cabinets, granite countertops, a tile backsplash, and Samsung stainless steel appliances, complete with a garburator. The spacious dining area flows seamlessly into the inviting living room, highlighted by a cozy gas fireplace and views of the fully landscaped, fenced, west-facing backyard.The main floor office with large windows and elegant trim detail offers the perfect workspace which can be easily converted into a bedroom. Additional main-floor features include an alarm system, central vacuum, keyless front and back entry, and a built-in audio system that extends to the backyard.Upstairs, you’ll find three generous bedrooms, including a spacious primary suite with a Romeo & Juliet balcony, walk-in closet, and a 5-piece ensuite with dual sinks, a soaker tub, and a separate shower. Two additional bedrooms share a full bath, while an extra walk-in linen closet provides abundant storage. The upper-level laundry is thoughtfully designed with upper cabinets and a window for natural light. The entire upper floor features upgraded laminate flooring throughout. Special attention should be given great sound-proof shared wall with neighbors, enj oying like detached house. The fully developed basement offers a large recreation room, a spacious bedroom, a 3-piece bath, and a walk-in storage closet, all with brand-new vinyl plank flooring (2025).Step outside to your private, fully fenced backyard — an inviting oasis featuring mature trees, a charming flower garden, and elegant stone wall separation from the neighbors for added privacy and style. Enjoy the freshly painted deck and fence (2024), a tool shed, plus a dog run and a double detached garage that’s fully insulated, drywalled, and powered, with access from the paved concrete back lane —no dust at all, a rare upgrade. Recent updates include bedrooms new paint (2025), new vinyl plank flooring in the basement (2025), and freshly painted deck and fence (2024), water tank (2023),new stove and new microwave (2023), making this home truly move-in ready with no repairs needed. This property is a rare find that perfectly combines unbeatable location, timeless quality, and modern comfort. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.67 Ft x 10.67 Ft | |
| 3pc Bathroom | 7.00 Ft x 5.92 Ft | |
| Recreational, Games room | 19.17 Ft x 24.75 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Office | 11.00 Ft x 11.00 Ft | |
| Other | 5.75 Ft x 7.50 Ft | |
| Kitchen | 14.58 Ft x 10.00 Ft | |
| Pantry | 4.50 Ft x 3.83 Ft | |
| Dining room | 9.58 Ft x 12.00 Ft | |
| Living room | 12.33 Ft x 11.75 Ft | |
| 2pc Bathroom | 5.42 Ft x 5.08 Ft |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.83 Ft x 10.00 Ft | |
| Storage | 4.75 Ft x 4.83 Ft | |
| Bedroom | 10.42 Ft x 9.25 Ft | |
| Laundry room | 5.25 Ft x 6.67 Ft | |
| 4pc Bathroom | 4.83 Ft x 8.75 Ft | |
| Primary Bedroom | 14.67 Ft x 13.58 Ft | |
| 5pc Bathroom | 9.00 Ft x 10.58 Ft | |
| Other | 6.75 Ft x 5.00 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.92%
Cap rate
4.68%
GRM
13.9
Break-even rent
$4,724
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.