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Home Communities Marlborough 422 40 Street NE
$554,999 Active
422 40 Street NE · Calgary · T2A0M5
4 bd 2.0 ba 728 sqft $763/sqft Built 1971
MLS® A2309318 · Listed May 7, 2026
Listed by Real Broker — Liviu Arsenev
By the numbers

How this listing measures up

$/sqft $763
vs Marlborough median +13% community avg $493K
Sqft per bedroom 182
Year built 1971
Annual taxes $2,363 2025
Garage 2 spaces
$/sqft distribution

Where this listing sits in Marlborough

Of 28 active residential listings in Marlborough, this property at $763/sqft sits in the $750–800 range.
$200–$250/sqft · 1 listing $250–$300/sqft · 1 listing $300–$350/sqft · 4 listings $350–$400/sqft · 0 listings $400–$450/sqft · 2 listings $450–$500/sqft · 3 listings $500–$550/sqft · 9 listings $550–$600/sqft · 6 listings $600–$650/sqft · 1 listing $650–$700/sqft · 0 listings $700–$750/sqft · 0 listings $750–$800/sqft · 1 listing $200 $300 $400 $500 $600 $700 $800 This · $763
Other active listings This listing's price range This listing

About this property

TURNKEY INVESTMENT OPPORTUNITY in established NE Calgary — this fully renovated bi-level duplex has been rented consistently every year at $2,400-3,000/month and has a long term agreement with tenants for the legal suite(full home). A proven income-generating property with zero vacancy history. *** UPPER UNIT features 2 bedrooms | 4pc bathroom | Completely remodelled kitchen with new cabinets, counters & flooring | New bathroom flooring, tiling & cabinetry | Mirrored closet doors | All appliances included. *** LOWER ILLEGAL SUITE features 2 bedrooms | 3pc bathroom | Full kitchen | Rec room | Laminate flooring in bedrooms | In-suite laundry. Please note the lower illegal suite does not have development permits and is considered non-conforming — buyers to conduct their own due diligence regarding permits and compliance with the City of Calgary. *** OUTSIDE features a large detached garage (21.42 x 21.58 ft — 437 sq ft) | Fully fenced yard | Mature trees | Great curb appeal. *** Each unit includes its own stove, fridge, washer & dryer. *** Whether you are an investor looking for a proven rental or a savvy buyer looking to live in one unit and rent the other — this property delivers on every level.

Property details

Bedrooms4
Bathrooms2.0
StyleAttached-Up/Down,Bi-Level
HeatingForced Air,Natural Gas
CoolingNone
FlooringLaminate
LevelsBi-Level
BasementFull
Basement developmentFinished
Interior featuresKitchen Island
AppliancesElectric Stove,Microwave,Range Hood,Refrigerator,Washer/Dryer Stacked
Inclusions2 stoves, 2 fridges, 2 washers, 2 dryers
LaundryElectric Dryer Hookup,Washer Hookup
Lot size334.00 sqft
Frontage24.61 ft
Lot featuresBack Yard,City Lot,Front Yard,Garden,Irregular Lot,Landscaped,Treed
Exterior featuresPrivate Yard
FencingFenced
PatioPatio
Year built1971
Construction materialsConcrete,Stucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresAlley Access,Double Garage Detached,Insulated
Garage spaces2
Parking total4
Annual taxes$2,363
Tax year2025
PossessionImmediate
ZoningR-CG
TitleFee Simple
RestrictionsNoise Restriction
NeighbourhoodMarlborough
Community featuresPark,Playground,Schools Nearby,Shopping Nearby
List AORCalgary

Location

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About Marlborough

AI-generated summary

Marlborough is an established, unpretentious inner-east community known for its affordability and multicultural character, offering a genuine neighbourhood feel close to the city core.

Home to Marlborough CTrain Station on the Blue (Airport) Line
One of Calgary's most culturally diverse east-side communities
Established in the 1960s–70s with ongoing infill redevelopment
Housing
The area features a mix of post-war bungalows, bi-levels, and infill developments, making it one of Calgary's more attainable markets for first-time buyers.
Transit
Marlborough is well-served by the CTrain's Blue Line with Marlborough Station located within the community, providing direct access to downtown and the wider LRT network.
Amenities
Marlborough Mall anchors the area's retail scene, complemented by a variety of ethnic grocery stores, restaurants, and the nearby Sunridge shopping corridor along 36th Street NE.
Who lives here
The community attracts first-time homebuyers, newcomers to Canada, and long-time residents who value affordability, diversity, and convenient east Calgary access.
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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: Real Broker — Liviu Arsenev.