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Home Communities Varsity 3912 40 Avenue NW
$880,000 Active
3912 40 Avenue NW · Calgary · T3A 0W9
4 bd 3.0 ba 1,218 sqft $722/sqft Built 1968
MLS® A2309998 · Listed May 11, 2026
Listed by RE/MAX Real Estate (Mountain View) — Ram Sund, Shashi Sund
By the numbers

How this listing measures up

$/sqft $722
vs Varsity median +23% community avg $715K
Sqft per bedroom 305
Year built 1968
Annual taxes $5,865 2025
Garage 1 space
$/sqft distribution

Where this listing sits in Varsity

Of 73 active residential listings in Varsity, this property at $722/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 · $722
Other active listings This listing's price range This listing

About this property

Welcome to this beautifully renovated and thoughtfully updated bungalow in the highly sought-after community of Varsity! With nearly 2,133 sq ft of developed living space, this home offers 4 spacious bedrooms and 3 full bathrooms, making it ideal for families, students, or investors. Walking distance to the University of Calgary, Brentwood C-Train Station, Market Mall, Research Park, and the Children’s Hospital, the location is unbeatable for convenience and central living. Step inside and you’ll immediately notice the designer finishes: a custom gourmet kitchen with high-end appliances including a Frigidaire gas stove, luxury granite countertops, dove-grey cabinetry, and a large island that seamlessly connects to the dining and living areas. The living room features a stunning rock fireplace and built-in wine bar, while the primary suite impresses with generous closet space and a spa-like ensuite complete with a walk-in shower and tub. This home sits on a 6,200+ sq ft lot with great curb appeal, highlighted by stone, timber, stucco, and hardy board in warm, inviting colours. The single detached garage plus ample street parking add practicality, while the full basement offers flexibility as a future revenue generator, a teenager hangout, or additional living space. Not only is this property move-in ready, but it has also been a fantastic rental property, making it an excellent investment opportunity. Book your showing today, homes of this calibre in Varsity don’t last long!

Property details

Bedrooms4
Bathrooms3.0
StyleBungalow
HeatingForced Air,Natural Gas
CoolingCentral Air
FlooringCarpet,Ceramic Tile,Hardwood
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresVinyl Windows
AppliancesCentral Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Microwave,Range Hood,Refrigerator,Washer,Window Coverings
InclusionsN/A
LaundryIn Basement
Lot size6232.00 sqft
Frontage52 ft
Lot featuresBack Lane,Back Yard,City Lot,Interior Lot,Landscaped,Lawn,Rectangular Lot,Sloped,Sloped Down,Street Lighting
Exterior featuresBBQ gas line,Private Yard
FencingFenced
PatioPatio
Year built1968
Construction materialsWood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresAdditional Parking,Oversized,Single Garage Detached
Garage spaces1
Parking total4
Annual taxes$5,865
Tax year2025
PossessionNegotiable,Subject To Tenancy
ZoningR-CG
TitleFee Simple
RestrictionsSee Remarks
NeighbourhoodVarsity
Community featuresGolf,Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Tennis Court(s),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: RE/MAX Real Estate (Mountain View) — Ram Sund, Shashi Sund.