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Home Communities Southwood 11440 Elbow Drive SW
$1,150,000 Sold
11440 Elbow Drive SW · Calgary · T2W2E6
bd ba 2,473 sqft $465/sqft Built 1973
MLS® A2326477 · Listed Jul 3, 2026
Listed by Comox Realty — Cathrine Watson
By the numbers

How this listing measures up

Value score Hot deal
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$/sqft $465
vs Southwood median +145% community avg $469K
Sqft per bedroom
Year built 1973
Annual taxes $6,849 2026
Southwood avg DOM 17d
$/sqft distribution

Where this listing sits in Southwood

Of 33 active residential listings in Southwood, this property at $465/sqft sits in the $450–500 range.
$200–$250/sqft · 3 listings $250–$300/sqft · 10 listings $300–$350/sqft · 3 listings $350–$400/sqft · 2 listings $400–$450/sqft · 3 listings $450–$500/sqft · 3 listings $500–$550/sqft · 3 listings $550–$600/sqft · 2 listings $600–$650/sqft · 3 listings $650–$700/sqft · 1 listing $200 $300 $400 $500 $600 $700 This · $465
Other active listings This listing's price range This listing

About this property

**LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED** Exceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors. Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. The separately metered design helps minimize owner operating costs while providing convenience for tenants. The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls. Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants. Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Two units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy, as well as another long term tenant is also on a month to month tenancy providing stable cash flow and simplified property management. All units are in good clean condition. A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location.

Property details

StyleAttached-Up/Down,Bungalow
HeatingForced Air,Natural Gas
CoolingNone
FlooringLaminate,Tile,Vinyl Plank
LevelsOne
BasementFull
Basement developmentFinished
Interior featuresCeiling Fan(s),Granite Counters,Laminate Counters,No Smoking Home,Separate Entrance,Vinyl Windows,Wood Windows
AppliancesDishwasher,Dryer,Electric Stove,Gas Water Heater,Refrigerator,Washer,Window Coverings
Inclusions4 Fridges, 4 Stoves, 4 Dishwashers, 4 Microwaves, 4 Washers, 4 Dryers,4 Furnaces, 4 Hot water Tanks
LaundryIn Unit
Lot size6598.00 sqft
Frontage60.17 ft
Lot featuresBack Lane,Few Trees,Interior Lot,Level,Low Maintenance Landscape,Rectangular Lot,Street Lighting
Exterior featuresPrivate Entrance
FencingFenced
PatioPatio,See Remarks
Year built1973
Construction materialsBrick,Concrete,Stucco
RoofRolled/Hot Mop
FoundationPoured Concrete
Parking featuresAdditional Parking,Alley Access,Asphalt,Assigned,Guest,Off Street,Plug-In,Stall
Parking total6
Annual taxes$6,849
Tax year2026
Possession30 Days / Neg
ZoningMR
TitleFee Simple
RestrictionsNon-Smoking Building,Pets Allowed,Rental
NeighbourhoodSouthwood
Community featuresSchools Nearby,Shopping Nearby,Sidewalks,Street Lights
List AORCalgary

Location

Sold comparables in Southwood

53 recent sales in Southwood

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About Southwood

AI-generated summary

Southwood is a well-established, family-friendly inner-south community with a quiet, residential character and a strong sense of stability. Tree-lined streets and mature landscaping give it a settled, comfortable feel.

34 active listings with an average list price of $463,191
Homes are moving relatively quickly at an average of 20 days on market
Walking distance to Anderson CTrain Station on the Red Line
Housing
The area is dominated by post-war and mid-century bungalows and split-levels, with an increasing number of infill developments and renovated homes.
Transit
Southwood is served by the Anderson CTrain Station on the Red Line, offering convenient access to downtown Calgary, and several bus routes connect through the community.
Amenities
Residents enjoy proximity to Southcentre Mall, South Glenmore Park, the Glenmore Reservoir pathway system, and a variety of shops and restaurants along Macleod Trail.
Who lives here
The community attracts a mix of long-time homeowners, young families, and first-time buyers drawn by relative affordability and strong transit links.
Full Southwood 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: Comox Realty — Cathrine Watson.