Calgary Real Estate Geek
Home Communities Cambrian Heights 1207 40 Avenue NW
$729,900 Active
1207 40 Avenue NW · Calgary · T2K 0G3
5 bd 2.0 ba 1,229 sqft $594/sqft Built 1957
MLS® A2317359 · Listed Jun 8, 2026
Listed by CIR Realty — Joel Gwillim
By the numbers

How this listing measures up

Value score Hot deal
🔒 Sign in to view value score
$/sqft $594
vs Cambrian Heights median -19% community avg $899K
Sqft per bedroom 246
Year built 1957
Annual taxes $4,109 2025
Garage 1 space
$/sqft distribution

Where this listing sits in Cambrian Heights

Of 8 active residential listings in Cambrian Heights, this property at $594/sqft sits in the $550–600 range.
$450–$500/sqft · 1 listing $500–$550/sqft · 2 listings $550–$600/sqft · 1 listing $600–$650/sqft · 1 listing $650–$700/sqft · 1 listing $700–$750/sqft · 0 listings $750–$800/sqft · 1 listing $800–$850/sqft · 0 listings $850–$900/sqft · 0 listings $900–$950/sqft · 0 listings $950–$1000/sqft · 0 listings $1000–$1050/sqft · 0 listings $1050–$1100/sqft · 1 listing $450 $550 $650 $750 $850 $950 $1050 $1100 This · $594
Other active listings This listing's price range This listing

About this property

A smart home purchase is one thing. But a home that pays you back every single month? That changes the conversation. Sitting on a massive 62 foot wide lot with a sun-soaked south backyard, this upgraded and fully suited 5 bedroom bungalow blends lifestyle, flexibility and income potential into one compelling opportunity. Whether you’re a growing family, investor or young buyer looking to offset your mortgage, this is the kind of property that makes financial sense without sacrificing comfort. Inside, this home has undergone a thoughtful refresh featuring charming refinished hardwood floors, repainted walls and replaced Lux windows throughout. The main living + dining spaces flow together seamlessly, creating an inviting setting for everyday life and entertaining alike. The bright kitchen delivers timeless style with herringbone flooring, crisp white cabinetry, subway tile backsplash and a corner stove framed by a sleek hood fan. The primary bedroom comfortably fits a king-sized bed and offers a spacious dual-door closet, while two additional guest bedrooms and a beautifully maintained 4-piece bathroom with stacked laundry complete the upper level. Downstairs, the fully contained 2 bedroom + den opens the door to incredible versatility with approximately $4,000/month in combined income potential. Large egress windows flood the lower level with natural light while the spacious layout, kitchenette, separate laundry and dedicated 3-piece bathroom create a comfortable space tenants or extended family will genuinely enjoy. Outside, the oversized single garage is complemented by an RV gate and additional parking stall designated for the lower-level occupant - a rare and valuable bonus. All this in a central location just 15 minutes to downtown and walking distance to Nose Hill Park, Confederation Park and an off-leash dog area. Opportunities with this much flexibility, functionality and upside don’t sit still for long.

Property details

Bedrooms5
Bathrooms2.0
StyleBungalow
HeatingForced Air
CoolingNone
FlooringCarpet,Hardwood,Laminate,Tile
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresBuilt-in Features,Open Floorplan,Separate Entrance
AppliancesDishwasher,Electric Stove,Microwave,Range Hood,Refrigerator,Washer/Dryer Stacked
InclusionsLower level fridge, dishwasher, stove, washer, dryer
LaundryIn Basement,In Bathroom,Lower Level,Main Level,Multiple Locations
Lot size6210.00 sqft
Frontage62.04 ft
Lot featuresBack Lane
Exterior featuresPrivate Yard
FencingPartial
PatioNone
Year built1957
Construction materialsConcrete,Wood Siding
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresSingle Garage Detached,Stall
Garage spaces1
Parking total2
Annual taxes$4,109
Tax year2025
PossessionImmediate,Negotiable
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodCambrian Heights
Community featuresPark,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths
List AORCalgary

Location

Sold comparables in Cambrian Heights

13 recent sales in Cambrian Heights

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

Sign up to see sold data

About Cambrian Heights

AI-generated summary

A quiet, established inner-city neighbourhood with a strong sense of community and leafy, tree-lined streets that offer a suburban feel close to the city core.

Borders the expansive Nose Hill Park to the north, offering easy access to natural green space
Located within the Triwood community cluster alongside Charleswood and Brentwood
Community association actively organises local events and maintains rink facilities in winter
Housing
Predominantly post-war bungalows and split-levels from the 1950s–60s, with increasing infill development including duplexes and modern single-family homes.
Transit
Served by Calgary Transit bus routes with reasonable access to the broader network; a car is still helpful for most daily errands.
Amenities
Close to Nose Hill Park, Confederation Park, and the shops and restaurants along 4th Street N.W. and Centre Street N.
Who lives here
A mix of long-time homeowners, young families, and professionals drawn by the mature neighbourhood character and proximity to downtown.
Full Cambrian Heights 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 Cambrian Heights

Listed by: CIR Realty — Joel Gwillim.