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3127 40 Street SW
Beds
4
Baths
4 full + 1 half
Sqft
1,900
Year
2008
Type
Single Family
On market
4d
**Open House Saturday June 13th 2:00pm-4:00pm & Sunday June 14th 1:00pm-3:00pm** Welcome to this beautifully finished semi-detached home in the heart of Glenbrook, offering the perfect blend of style, convenience, and income potential. Featuring a city-approved legal suite with a private entrance, this property is ideal for homeowners seeking flexibility or investors looking for added value. The main floor welcomes you with 9-foot ceilings, rich hardwood flooring, and an abundance of natural light. The open-concept layout is designed for both everyday living and entertaining, featuring a spacious living room anchored by a double-sided gas fireplace with a river rock surround. The well-appointed kitchen offers granite countertops, stainless steel appliances, a large island with wine storage, and plenty of cabinet space. Upstairs, you'll find three generously sized bedrooms, including a spacious primary retreat with vaulted ceilings, a walk-in closet, and a luxurious 4-piece ensuite complete with a soaker tub and glass shower. A second 4-piece bathroom and convenient upper-floor laundry complete this level. The legal suite is thoughtfully designed with its own private entrance, a full kitchen with granite countertops, a spacious bedroom, a 4-piece bathroom, in-floor heating, and separate laundry—making it an excellent option for extended family, guests, or rental income. Legal basement suite was previously rented out for $1500/month. Outside, enjoy the sunny west-facing backyard, fully fenced and perfect for entertaining with a concrete patio and double detached garage with alley access. This exceptional home is ideally located on a quiet tree-lined street, just steps from schools, parks, transit, shopping, and other everyday amenities. Book your private showing today! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 4.24 M x 3.27 M | |
| 4pc Bathroom | 1.52 M x 2.38 M | |
| Living room/Dining room | 5.85 M x 10.29 M |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 4.14 M x 3.87 M | |
| 2pc Bathroom | 1.78 M x 1.66 M | |
| Kitchen | 4.66 M x 3.02 M | |
| Living room | 4.78 M x 6.95 M |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 2.90 M x 1.80 M | |
| 4pc Bathroom | 2.93 M x 4.36 M | |
| Bedroom | 3.22 M x 5.38 M | |
| Bedroom | 3.66 M x 3.93 M | |
| Laundry room | 1.63 M x 1.77 M | |
| Primary Bedroom | 4.13 M x 3.91 M |
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
-0.93%
Cap rate
4.68%
GRM
13.9
Break-even rent
$5,239
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 9, 2026.
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.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.