CalgaryListings Insight Set in Varsity, 4924 40 Avenue NW is a 3-bedroom home built in 1971, offering 2 bathrooms and 1,085 sq ft of living space above grade. Notable features include a fully finished basement, a double garage, hardwood flooring, a fireplace, and air conditioning. Before writing, ask about recent comparable sales, inspection items, permits, basement development, and long-term resale fit. MLS® A2307439.
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Spacious 5-Bedroom Home with Shop, Greenhouse
Discover this well-maintained 5-bedroom property offering both comfort and opportunity. This bi-level has been updated with a newer High Efficiency Furnace, a/c, newer windows, shingles, siding. Featuring beautiful hardwood floors throughout, this home exudes warmth and charm while boasting modern convenience with newer appliances and thoughtful updates.
A standout feature is the versatile extra shop/office space—perfect for a home business, creative studio, or private workspace. Outdoors, greenhouses provide a fantastic setup for gardening enthusiasts and a metal gazebo on the patio provides a welcoming place to just sit and relax.
Located close to all amenities, including shopping, schools, transit, and parks, this property combines everyday convenience with long-term potential. Whether you're looking to settle in, run a home-based business, or invest in a growing area, this property checks all the boxes.
Don't miss this unique opportunity—schedule your private showing today!
Property Taxes
$4,196/yr (2025)
Listing Information
MLS® NumberA2307439
StatusActive
List Price$749, 900
Days on Market97 days
OccupancyOwner
Property Details
Property TypeDetached
Architectural StyleBi-Level
ZoningR-CG
Above-Grade Sq Ft1, 085 sq ft
Year Built1971
Bedrooms3
Full Bathrooms2
Total Bathrooms2
Interior
BasementFull, Finished, None
FlooringCarpet, Hardwood
Fireplaces1
HeatingForced Air, Natural Gas
Air ConditioningCentral Air
Exterior & Parking
ExteriorStucco, Vinyl Siding, Wood Frame
RoofAsphalt Shingle
FoundationSlab
Garage Spaces2
Total Parking2
Patio / DeckPatio, See Remarks
Site & Lot
Lot Size5, 995 sq ft
Lot Acres0.14 acres
Lot Width50.00
Lot FeaturesBack Lane, Back Yard, Garden
Legal Description7004JK;L;12
Inclusions
Electric Range,Refrigerator,Washer/Dryer,Window Coverings
Room Dimensions
Main Level
Bedroom - Primary10`6" × 13`0"
Bedroom8`2" × 12`1"
Bedroom8`9" × 12`1"
4pc Bathroom10`5" × 5`0"
Basement Level
Bedroom14`8" × 9`8"
Bedroom10`0" × 12`2"
4pc Bathroom5`0" × 6`7"
Listing Office
First Place Realty
Listing data provided via MLS®. Not intended to solicit buyers or sellers already under contract.
Property History
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4924 40 Avenue NW has been listed 2 times before — see each asking price, what happened, and any sold prices.
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What did similar homes here actually sell for?
CalgaryListings Group clients see recent sold prices and sale-to-list ratios for homes just like this one — plus smart matches and one-tap showing requests. Free with your client portal account.
Time on marketOn the market 97 days. Detached homes that sold in Varsity over October 2025 – September 2026 averaged 32 days.
Price per sq ft$691 per sq ft above grade at asking, about 9% above the $633 per sq ft median across 21 comparable active detached homes in Varsity.
Worked out from this MLS® record, our published community data and the other active listings in Varsity. Asking prices only; individual sold prices stay members-only under Alberta VOW rules.
Where this price sits in Varsity
Asking $749,900. That is about 15% below the $881,000 median sale price for detached homes in Varsity over October 2025 – September 2026, across 87 recorded sales. Those sales took 32 days on the market on average. Across all home types, sellers in Varsity got 99.6% of their asking price on average and the community was carrying 2.8 months of supply.
Aggregate MLS® statistics from our own published dataset (community medians, methodology). Medians are not adjusted for size, age or condition, and individual sold prices stay members-only under Alberta VOW rules.
Schools near this home
Marion Carson SchoolPublic (CBE) · Elementary · 798 m · about 2 mins by carSchool website
St. Vincent de Paul SchoolCatholic (CCSD) · Elementary/Junior High · 888 m · about 2 mins by carSchool website
Varsity Acres SchoolPublic (CBE) · Elementary · 1.5 km · about 4 mins by carSchool website
Sir Winston Churchill High SchoolPublic (CBE) · Senior High · 2.4 km · about 6 mins by carSchool website
Distances and drive times are measured from the centre of Varsity, not from this address. Designation depends on address, grade, program and capacity and changes from year to year — check the CBE or Calgary Catholic finder before you buy.
Commute from Varsity
Destination
By car
By transit
Downtown Calgary
17 mins
42 mins
University of Calgary
7 mins
27 mins
Foothills Medical Centre
9 mins
42 mins
Mount Royal University
13 mins
46 mins
Calgary International Airport
19 mins
39 mins
Westside Recreation Centre
18 mins
1 hour 7 mins
Off-peak estimates measured from the centre of Varsity, not from this address. Live traffic varies.
Who lives in Varsity
12,040Population
2.2Average household size
62%Owner-occupied households
$90KMedian household income
14%Residents aged 0–14
2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Varsity census profile →
Questions about this home
Is 4924 40 Avenue NW for sale?
Yes. 4924 40 Avenue NW in Varsity is an active MLS® listing (MLS® A2307439). It has been on the market 97 days. Listing data last updated 2026-08-10.
What is the asking price of 4924 40 Avenue NW?
4924 40 Avenue NW in Varsity is listed at $749,900.
How many bedrooms and bathrooms does 4924 40 Avenue NW have?
4924 40 Avenue NW in Varsity has 3 bedrooms and 2 bathrooms. The listing records 1,085 sq ft above grade. It is a detached house.
How does the asking price of 4924 40 Avenue NW compare with the Varsity market?
Its $749,900 asking price is about 15% below the $881,000 median sale price for detached homes in Varsity (October 2025 – September 2026, 87 sales). Medians are not adjusted for size, age or condition.
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