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Home Communities Varsity 280-4037 42 Street NW
$459,999 Active
280-4037 42 Street NW · Calgary · T3A 2M9
2 bd 3.0 ba 1,621 sqft $284/sqft Built 1979
MLS® A2294839 · Listed Mar 20, 2026
Listed by First Place Realty — Steve Xu, Min Hu
By the numbers

How this listing measures up

Value score Hot deal
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$/sqft $284
vs Varsity median -36% community avg $721K
Sqft per bedroom 810
Year built 1979
Annual taxes $3,241 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Varsity

Of 72 active residential listings in Varsity, this property at $284/sqft sits in the $250–300 range.
$150–$200/sqft · 1 listing $200–$250/sqft · 2 listings $250–$300/sqft · 8 listings $300–$350/sqft · 6 listings $350–$400/sqft · 8 listings $400–$450/sqft · 4 listings $450–$500/sqft · 10 listings $500–$550/sqft · 5 listings $550–$600/sqft · 6 listings $600–$650/sqft · 4 listings $650–$700/sqft · 8 listings $700–$750/sqft · 6 listings $750–$800/sqft · 0 listings $800–$850/sqft · 4 listings $150 $250 $350 $450 $550 $650 $750 $850 This · $284
Other active listings This listing's price range This listing

About this property

New Price! Nestled in the highly sought-after community of Varsity, this well maintained townhome is surrounded with mature trees and back onto a rare pond with tranquil green space views. Boasting a dramatic 10-foot ceiling in the living room, expansive windows, and stylish laminate flooring, the home is bright, airy, and inviting throughout. The spacious living room features a cozy wood-burning fireplace and provides direct access to the backyard with decks and red Adirondack chairs overlooking the pond. A formal dining area with a built-in wet bar enhances the home’s entertaining appeal. The upgraded kitchen is well-appointed with granite countertops, stainless steel appliances, and a sun-filled breakfast nook. Upstairs, a flexible den/bonus space opens to a private balcony, ideal for a home office or reading area. Two generously sized bedrooms complete the upper level, including a primary suite with a walk-in/through closet and a private ensuite. Additional highlights include an attached tandem garage and an unbeatable location just minutes from Market Mall, the University of Calgary, and major hospitals. This exceptional property offers a perfect combination of comfort, style, and convenience.

Property details

Bedrooms2
Bathrooms3.0
Style2 Storey
HeatingForced Air,Natural Gas
CoolingNone
FlooringCarpet,Ceramic Tile,Laminate
LevelsTwo
BasementFull
Basement developmentFinished
Interior featuresGranite Counters,High Ceilings
AppliancesBuilt-In Oven,Dishwasher,Dryer,Electric Cooktop,Garage Control(s),Range Hood,Refrigerator,Washer,Window Coverings
InclusionsCompressor, water filtration and heating systems in the kitchen are all working but to be included as is conditions.
LaundryIn Basement
Lot featuresBack Yard,Backs on to Park/Green Space,Garden,Landscaped
Exterior featuresBalcony
FencingFenced
PatioBalcony(s),Deck
Year built1979
Construction materialsBrick,Cedar,Concrete,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDouble Garage Attached,Tandem
Garage spaces2
Parking total3
Annual taxes$3,241
Tax year2025
Possession15 Days / Neg,Immediate
ZoningM-C1 d75
TitleFee Simple
RestrictionsBoard Approval,Pets Allowed
NeighbourhoodVarsity
Community featuresPark,Schools Nearby,Shopping Nearby
List AORCalgary

Location

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About Varsity

AI-generated summary

A well-established northwest Calgary community with a mature, relaxed feel, known for its tree-lined streets and proximity to the University of Calgary. Varsity balances quiet suburban living with convenient access to major amenities.

Bordered by the University of Calgary to the south and Market Mall to the west
Varsity Ravine provides a natural green corridor through the community
Alberta Children's Hospital and Foothills Medical Centre are a short drive away
Housing
Predominantly single-family detached homes from the 1960s–1980s, with some townhouses and low-rise condominiums, offering solid value in a mature setting.
Transit
Served by Calgary Transit bus routes with the University of Calgary CTrain station (Red Line) nearby, making car-free commuting to the core feasible.
Amenities
Market Mall shopping centre is steps away, and residents enjoy easy access to the Bow River pathways, Varsity Ravine Park, and the wide range of services along Crowchild Trail NW.
Who lives here
A mix of long-time homeowners, university faculty and staff, and families drawn to the established neighbourhood character and proximity to the University of Calgary and Alberta Children's Hospital.
Full Varsity community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: First Place Realty — Steve Xu, Min Hu.