1207 40 Avenue Nw, Calgary, AB, T2K 0G3
$729,900
5
Beds
2
Baths
1,229
Square feet
0.14
Acres
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.
Features of 1207 40 Avenue Nw, Calgary
| MLS® # | A2317359 |
|---|---|
| Price | $729,900 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,229 |
| Acres | 0.14 |
| Year Built | 1957 |
| Type | Residential |
| Sub-Type | Detached |
| Style | Bungalow |
| Status | Active |
| Address | 1207 40 Avenue Nw |
|---|---|
| Subdivision | Cambrian Heights |
| City | Calgary |
| County | Calgary |
| Province | Alberta |
| Postal Code | T2K 0G3 |
| Zone | Zone CC |
Amenities at 1207 40 Avenue Nw, Calgary, AB
| Parking Spaces | 2 |
|---|---|
| Parking | Single Garage Detached, Stall |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
| Suite | Yes |
| Interior Features | Built-in Features, Open Floorplan, Separate Entrance |
|---|---|
| Appliances | Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked |
| Heating | Forced Air |
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
| Exterior Features | Private Yard |
|---|---|
| Lot Description | Back Lane |
| Roof | Asphalt Shingle |
| Construction | Concrete, Wood Siding |
| Foundation | Poured Concrete |
| Date Listed | June 8th, 2026 |
|---|---|
| Days on Market | 85 |
| Zoning | R-CG |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
1207 40 Avenue Nw, Calgary Listing Details
| Office | CIR Realty |
|---|---|
| Website | To see this home contact Chamberlain Real Estate Group to Schedule your tour. |
More About 1207 40 Avenue Nw, Calgary, AB
1207 40 Avenue Nw Calgary is located in the neighbourhood of Cambrian Heights. The community of Cambrian Heights has 7 available properties. Cambrian Heights makes up 0.10% of the 6,916 total properties listed in Calgary. Homes in Cambrian Heights are listed for an average price of $1,051,943. That is 55.45% higher than the average asking price of $676,704 found across all Calgary properties for sale. If you would like to see other homes like 1207 40 Avenue Nw Calgary please reach out to us 403-879-4145. Properties like 1207 40 Avenue Nw can come and go quickly and it's a big reason why having a personalized strategy and search set up for you is key. Let us know how we can help so we don't miss out on 1207 40 Avenue Nw Calgary or another home like it in the future. Get directions to 1207 40 Avenue Nw Calgary.
