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Home Communities Varsity 4928 40 Avenue NW
$789,000 Active
4928 40 Avenue NW · Calgary · T3A 0X2
4 bd 2.0 ba 1,085 sqft $727/sqft Built 1971
MLS® A2307438 · Listed May 5, 2026
Listed by First Place Realty — Barbara Stehr
By the numbers

How this listing measures up

$/sqft $727
vs Varsity median +9% community avg $721K
Sqft per bedroom 271
Year built 1971
Annual taxes $4,221 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Varsity

Of 72 active residential listings in Varsity, this property at $727/sqft sits in the $700–750 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 · $727
Other active listings This listing's price range This listing

About this property

Stylishly Updated 4-Bedroom Bi-Level with Double Garage in Prime Location Welcome to this updated 4-bedroom bi-level home, perfectly situated near all essential amenities, public transportation, the university, and major hospitals. Ideal for families, professionals, or investors, this property offers both comfort and convenience in a sought-after neighborhood. Step inside to a bright and modern interior featuring tasteful updates throughout. The home boasts newer windows, siding, and shingles, high efficiency furnace, new hot water tank ensuring energy efficiency and long-term peace of mind. The spacious layout offers a functional blend of open living and private space, ideal for today’s lifestyle. Outdoors, enjoy a fully fenced yard with a lot measuring 50 ft x 120 ft, that has a large garden so you can grow your own food, a patio for entertaining, and a double garage with ample storage and parking. Whether you're looking to settle in or invest in a high-demand area, this move-in-ready home checks every box. Rare Opportunity with an AMAZING location in the desirable community of VARSITY. A must-see—book your private showing today!

Property details

Bedrooms4
Bathrooms2.0
StyleBi-Level
HeatingForced Air
CoolingNone
FlooringCarpet,Vinyl
LevelsBi-Level
BasementFull
Basement developmentFinished
Interior featuresNo Animal Home,No Smoking Home,Vinyl Windows
AppliancesDishwasher,Electric Range,Refrigerator,Washer/Dryer,Window Coverings
Inclusionsn/A
LaundryIn Basement
Lot size5995.00 sqft
Frontage50 ft
Lot featuresBack Lane,Back Yard,Front Yard,Garden
Exterior featuresGarden,Private Yard
FencingFenced
PatioPatio
Year built1971
Construction materialsStucco,Vinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationSlab
Parking featuresAlley Access,Double Garage Detached
Garage spaces2
Parking total2
Annual taxes$4,221
Tax year2025
Possession90 Days / Neg
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodVarsity
Community featuresPlayground,Schools Nearby,Shopping Nearby,Walking/Bike Paths
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 — Barbara Stehr.