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Home Communities Elbow Park 407 40 Avenue SW
$2,500,000 Active
407 40 Avenue SW · Calgary · T2S 0X5
bd ba
MLS® A2323962 · Listed Jun 26, 2026
Listed by The Real Estate District — Giedre Vitkauskaite, Erin Flasch
By the numbers

How this listing measures up

$/sqft
vs Elbow Park median -0% community avg $2509K
Sqft per bedroom
Year built
Annual taxes $7,197 2026
Elbow Park avg DOM 23d

About this property

Seven. That’s the number of riverfront lots in the final phase of the prestigious inner-city community of Elbow Park. A lovely deep property of over 170’ with 62’ of river frontage, this land offers a generous build site and an opportunity to create a real natural urban retreat. Across the river trees shroud the riverbank creating even more privacy. With a south facing back yard warmth and sunlight abound. These properties were acquired by the Province of Alberta while the water-flow system was being remediated and restructured following the 2013 floods. They are now being offered for sale through a transparent and structured process. Additional information is available. Offers requested on or before 8:00 am MST on July 16, 2026.

Property details

InclusionsN/A
Lot size9644.00 sqft
Lot featuresNo Neighbours Behind
FencingNone
Annual taxes$7,197
Tax year2026
Possession30 Days / Neg
ZoningR-CG
TitleFee Simple
RestrictionsDevelopment Restriction,Restrictive Covenant
NeighbourhoodElbow Park
List AORCalgary

Location

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About Elbow Park

AI-generated summary

One of Calgary's most prestigious and storied inner-city neighbourhoods, Elbow Park exudes quiet elegance with tree-lined streets, mature landscaping, and a strong sense of established community along the banks of the Elbow River.

19 active listings with an average list price of $2,509,310
Homes are moving relatively briskly at an average of 23 days on market
Borders the Elbow River, offering direct access to Calgary's extensive riverside pathway network
Housing
Predominantly large, character homes ranging from original Craftsman and Tudor-style residences to extensively renovated and custom-built luxury properties on generous lots.
Transit
Moderately walkable with access to several bus routes; residents are a short drive or cycle from downtown, with the Elbow River pathway system offering excellent active transportation connections.
Amenities
Steps from the shops and restaurants of 4th Street SW and Britannia Plaza, with easy access to Stanley Park, the Glencoe Club, and top-rated public and private schools.
Who lives here
Primarily affluent, established families and professionals who value heritage charm, green space, and proximity to the city core without sacrificing privacy or prestige.
Full Elbow Park 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: The Real Estate District — Giedre Vitkauskaite, Erin Flasch.