712 40 Avenue NW Calgary, AB T2K 0E6

$575,000
5
Beds
2
Baths
0.16
Acres
1,097
SQFT
524
$/SQFT
$575,000
5
Beds
2
Baths
1,097   sf
$524 / sf
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price reduced
1/21
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Investor Alert or Great Starter Home! This property offers a legal basement suite and sits on a massive nearly 7,000 sq. ft. lot, just 10 minutes from downtown. Live upstairs, and rent down, or cash flow by renting out both suites. The main level features 3 bedrooms and 1 bathroom, as well as a large open kitchen and living room with wood burning fireplace. The legal basement suite includes 2 bedrooms and 1 bathroom — perfect for mortgage help or rental income. The home needs some work but with solid bones and a desirable location, it’s a smart investment with room to grow. Whether you’re looking to renovate, rent out, or rebuild, this is a rare opportunity in a prime location!

Investor Alert or Great Starter Home! This property offers a legal basement suite and sits on a massive nearly 7,000 sq. ft. lot, just 10 minutes from downtown. Live upstairs, and rent down, or cash flow by renting out both suites. The main level features 3 bedrooms and 1 bathroom, as well as a large open kitchen and living room with wood burning fireplace. The legal basement suite includes 2 bedrooms and 1 bathroom — perfect for mortgage help or rental income. The home needs some work but with solid bones and a desirable location, it’s a smart investment with room to grow. Whether you’re looking to renovate, rent out, or rebuild, this is a rare opportunity in a prime location!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Calgary
  • Status
    Active
  • Listing #
    A2229454
  • Built
    1956
  • Lot Size
    0.16
  • Listed on site
    11 days
  • Listing Brokerage
    RE/MAX iRealty Innovations

Listed by:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Last updated: 2025-06-22 12:19:48
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Property details

Community Features

  • No HOA

Property Features

  • InLaw Suite

Exterior features

  • No Pool

Interior Features

  • Carpet Floors
  • Basement Full
  • Basement Suite

Style

  • Bungalow
  • One Story
  • Ranch / One Story

Property History

DateDays AgoEventNew Price
Jun 22, 20251 day agoPrice decreased24,900 (4%)$575,000
Jun 12, 202512 days agoNew on market$599,900
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