Calgary Real Estate Geek
Home Communities Varsity 4924 40 Avenue NW
$775,000 Active
4924 40 Avenue NW · Calgary · T3A 2P1
5 bd 2.0 ba 1,085 sqft $714/sqft Built 1971
MLS® A2307439 · Listed May 5, 2026
Listed by First Place Realty — Barbara Stehr
By the numbers

How this listing measures up

$/sqft $714
vs Varsity median +8% community avg $715K
Sqft per bedroom 217
Year built 1971
Annual taxes $4,196 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Varsity

Of 73 active residential listings in Varsity, this property at $714/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 · 7 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 · $714
Other active listings This listing's price range This listing

About this property

Spacious 5-Bedroom Home with Shop, Greenhouse Discover this well-maintained 5-bedroom property offering both comfort and opportunity. This bi-level has been updated with a newer High Efficiency Furnace, a/c, newer windows, shingles, siding. Featuring beautiful hardwood floors throughout, this home exudes warmth and charm while boasting modern convenience with newer appliances and thoughtful updates. A standout feature is the versatile extra shop/office space—perfect for a home business, creative studio, or private workspace. Outdoors, greenhouses provide a fantastic setup for gardening enthusiasts and a metal gazebo on the patio provides a welcoming place to just sit and relax. Located close to all amenities, including shopping, schools, transit, and parks, this property combines everyday convenience with long-term potential. Whether you're looking to settle in, run a home-based business, or invest in a growing area, this property checks all the boxes. Don't miss this unique opportunity—schedule your private showing today!

Property details

Bedrooms5
Bathrooms2.0
StyleBi-Level
HeatingForced Air,Natural Gas
CoolingCentral Air
FlooringCarpet,Hardwood
LevelsBi-Level
BasementFull
Basement developmentFinished
Interior featuresNo Animal Home,No Smoking Home,Open Floorplan,Vinyl Windows
AppliancesElectric Range,Refrigerator,Washer/Dryer,Window Coverings
Inclusionsn/a
LaundryIn Basement
Lot size5995.00 sqft
Frontage50 ft
Lot featuresBack Lane,Back Yard,Garden
Exterior featuresPrivate Yard
FencingFenced
PatioPatio,See Remarks
Year built1971
Construction materialsStucco,Vinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationSlab
Parking featuresAlley Access,Double Garage Detached
Garage spaces2
Parking total2
Annual taxes$4,196
Tax year2025
Possession90 Days / Neg
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodVarsity
Community featuresSchools Nearby,Shopping Nearby
List AORCalgary

Location

Sold comparables in Varsity

117 recent sales in Varsity

VOW members see sold prices, sold dates, and full comparable details. Free registration; takes 30 seconds.

Sign up to see sold data

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.

Browse Calgary homes by feature

Heritage & Character Homes New Construction Homes Character Homes Homes Near C-Train Legal Suite Homes Backing Onto Park EV Charging Homes Hot Tub Homes River Homes Walkout Basements Luxury Homes Triple Car Garage Just Listed

Similar listings in Varsity

Listed by: First Place Realty — Barbara Stehr.