10 hours on Market

1207 40 Ave, Calgary, Alberta T2K 0G3

Detached
3 + 2
2
~1229.00 sqft
$749,900
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Detached
3 + 2
2
~1229.00 sqft

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Highlights

Property Estimate

Days on market10 hours

Estimated valueNot available

Price/Sqft$610/sqft

Monthly cost

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Description

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

StyleBungalow
View-
Age of property1957
SqFt~1229.00 SqFt
Lot Size-
Parking Spaces2
MLS ®NumberA2317359
Community NameCambrian Heights
Data SourcePILLAR 9
Listing byCIR Realty

Features

Heating: Forced Air
Basement: Full,Finished,Separate/Exterior Entry

Main Floor

Living Room

17`9" x 12`10"

Dining Room

10`9" x 9`0"

Kitchen

13`11" x 12`4"

Bedroom - Primary

11`8" x 10`11"


Parking

Garage spaces 1

Garage type -

Other parking spaces 1

Total parking spaces 2


Property History

Jun 8, 2026
ListedActive
$749,900
10 hours on market
history photo preview38
Listing by pillar 9®
Property listed by CIR Realty, Brokerage
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Market Data - Cambrian Heights

Geo Zone Map ThumbnailCambrian Heights

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

26 days

Compared to

2025

41 days

2024

6 days

2023

35 days

New Listings

Past 30 days

6 listings

Compared to

2025

5 listings

2024

6 listings

2023

0 listing

Units sold

Past 30 days

2 units

Compared to

2025

4 units

2024

2 units

2023

2 units

Median Sold Price

Past 30 days

$717,500

Compared to

2025

$748,250

2024

$873,750

2023

$812,500


Population and Demographics

Overview

Total population 1360
Average household income $150,626

Age (%)

0 to 19
22%
20 to 34
21%
35 to 49
20%
50 to 64
22%
65 and plus
15%

Household composition (%)

Single family
62%
Single person
29%
Multi person
8%
Multi family
1%

Mother tongue (%)

English
89%
Others
2%
Spanish
2%
Yue (Cantonese)
1%
German
1%
Punjabi (Panjabi)
1%
French
1%

House tenancy (%)

Owners
61%
Renters
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget