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Home Communities Varsity 240-4037 42 Street NW
$650,000 Sold
240-4037 42 Street NW · Calgary · T3A 2M9
3 bd 3.0 ba 1,625 sqft $400/sqft Built 1979
MLS® A2319618 · Listed Jun 11, 2026
Listed by CIR Realty — Donna Delaney
By the numbers

How this listing measures up

$/sqft $400
vs Varsity median -9% community avg $718K
Sqft per bedroom 542
Year built 1979
Annual taxes $3,763 2025
Garage 1 space
$/sqft distribution

Where this listing sits in Varsity

Of 73 active residential listings in Varsity, this property at $400/sqft sits in the $400–450 range.
$150–$200/sqft · 1 listing $200–$250/sqft · 2 listings $250–$300/sqft · 8 listings $300–$350/sqft · 6 listings $350–$400/sqft · 9 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 · $400
Other active listings This listing's price range This listing

About this property

Among the most coveted Varsity Calgary homes for sale, this exceptional end-unit residence offers an oasis sanctuary within the city, blending serenity with everyday convenience in one of NW Calgary's most desirable corners. Spanning over 2,000 SqFt of beautifully renovated living space, this remarkable NW Calgary townhouse is arguably the finest unit within the complex, and it truly does not disappoint. Step inside and you are welcomed by hardwood flooring throughout and soaring high ceilings that lend an air of grandeur to every room. As you enter the main floor, your eye is drawn instantly to the magnificent views of the community pond, complete with a tranquil water feature and mature, lovingly tended landscaping. Few Calgary townhouse with pond views opportunities feel quite so serene. A striking wall of windows frames the scene and sets an elegant tone throughout. The living area invites you to unwind, with a cosy reading nook warmed by a wood-burning fireplace and a generous living room. Raised gently above, the dining space seats eight beneath designer lighting, flowing into a newly installed kitchen that is nothing short of a showpiece, with an oversized two-tone island, gleaming quartz countertops, stylish subway tiles, new stainless steel appliances including induction stove, and a welcoming eat-up bar. An open-riser hardwood staircase, finished with distinctive gold and blue railings, leads to the upper level. There, an open loft awaits beneath vaulted, wood-panelled ceilings, complete with a second wood-burning fireplace and private access to your own wraparound balcony, offering enchanting views of the pond below. The oversized master suite is a retreat in itself, boasting a walk-in closet, built-in wardrobes and a stunning en-suite with a large freestanding soaker tub, His & Hers vanities, a walk-in shower and a heated towel rail. The lower level adds further versatility with laundry, abundant storage and a third bedroom. The oversized heated attached garage has been thoughtfully transformed into a home gym and soundproofed music studio, yet it could effortlessly be returned to parking. Outdoors, an oversized newly installed deck provides the ideal setting for summer evenings, and as a corner unit, this home enjoys far more space than most. The location is equally enviable, placing you among the most sought-after homes near Market Mall Calgary and University of Calgary being just a 10 mins walk away. Foothills and Children's Hospital and Downtown Calgary are a short commute. For those exploring University of Calgary Real Estate or considering Foothills Hospital Calgary homes, this address offers unrivalled proximity to both. A rare gem within Varsity Calgary, this is a singular opportunity to enjoy refined living in one of the city's most treasured communities.

Property details

Bedrooms3
Bathrooms3.0
Style2 Storey
HeatingForced Air,Natural Gas
CoolingNone
FlooringCeramic Tile,Hardwood
LevelsTwo
BasementPartial
Basement developmentFinished
Interior featuresBreakfast Bar,Built-in Features,Chandelier,Closet Organizers,Crown Molding,Double Vanity,Granite Counters,High Ceilings,Kitchen Island,Natural Woodwork,No Animal Home,No Smoking Home,Open Floorplan,Recessed Lighting,Soaking Tub,Storage,Track Lighting,Tray Ceiling(s),Vaulted Ceiling(s),Vinyl Windows,Walk-In Closet(s)
AppliancesDishwasher,Dryer,Electric Stove,Microwave,Refrigerator,Washer,Window Coverings
InclusionsN/A
LaundryLaundry Room
Lot featuresBacks on to Park/Green Space,Corner Lot,Garden,Landscaped,No Neighbours Behind,Private,Treed
Exterior featuresGarden,Other,Private Yard
FencingPartial
PatioBalcony(s),Deck
Year built1979
Construction materialsBrick,Vinyl Siding,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking featuresDriveway,Heated Garage,Insulated,Oversized,Single Garage Attached
Garage spaces1
Parking total1
Annual taxes$3,763
Tax year2025
PossessionNegotiable
ZoningM-C1 d75
TitleFee Simple
RestrictionsBoard Approval
NeighbourhoodVarsity
Community featuresPark,Playground,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: CIR Realty — Donna Delaney.