CalgaryListings Insight Tucked into the community of Varsity, this 2-bedroom home at 3912 40 Avenue NW was built in 1968 and includes 3 bathrooms and 1,218 sq ft of living space above grade. Standout details include a fully finished basement with a separate entrance, a single 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. If rental income is part of the plan, verify suite legality, permits, insurance, lender treatment, and current lease details before removing conditions. MLS® A2309998.
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Welcome to this beautifully renovated and thoughtfully updated bungalow in the highly sought-after community of Varsity! With nearly 2,133 sq ft of developed living space, this home offers 4 spacious bedrooms and 3 full bathrooms, making it ideal for families, students, or investors. Walking distance to the University of Calgary, Brentwood C-Train Station, Market Mall, Research Park, and the Children’s Hospital, the location is unbeatable for convenience and central living. Step inside and you’ll immediately notice the designer finishes: a custom gourmet kitchen with high-end appliances including a Frigidaire gas stove, luxury granite countertops, dove-grey cabinetry, and a large island that seamlessly connects to the dining and living areas. The living room features a stunning rock fireplace and built-in wine bar, while the primary suite impresses with generous closet space and a spa-like ensuite complete with a walk-in shower and tub. This home sits on a 6,200+ sq ft lot with great curb appeal, highlighted by stone, timber, stucco, and hardy board in warm, inviting colours. The single detached garage plus ample street parking add practicality, while the full basement offers flexibility as a future revenue generator, a teenager hangout, or additional living space. Not only is this property move-in ready, but it has also been a fantastic rental property, making it an excellent investment opportunity. Book your showing today, homes of this calibre in Varsity don’t last long!
Property Taxes
$5,865.11/yr (2025)
Listing Information
MLS® NumberA2309998
StatusActive
List Price$849, 900
Days on Market82 days
OccupancyTenant
Property Details
Property TypeDetached
Architectural StyleBungalow
ZoningR-CG
Above-Grade Sq Ft1, 218 sq ft
Year Built1968
Bedrooms2
Full Bathrooms3
Total Bathrooms3
Interior
BasementFull, Finished, Separate/Exterior Entry
FlooringCarpet, Ceramic Tile, Hardwood
Fireplaces1
HeatingForced Air, Natural Gas
Air ConditioningCentral Air
Exterior & Parking
ExteriorWood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Garage Spaces1
Total Parking4
Patio / DeckPatio
Site & Lot
Lot Size6, 232 sq ft
Lot Acres0.14 acres
Lot Width52.00
Lot FeaturesBack Lane, Back Yard, City Lot, Interior Lot, Landscaped, Lawn, Rectangular Lot, Sloped, Sloped Down, Street Lighting
Legal Description5224JK;1;38
Inclusions
Central Air Conditioner,Dishwasher,Dryer,Electric Stove,Garage Control(s),Microwave,Range Hood,Refrigerator,Washer,Window Coverings
Room Dimensions
Main Level
4pc Bathroom
4pc Ensuite bath
Bedroom10`6" × 8`10"
Bedroom - Primary14`1" × 10`4"
Dining Room11`8" × 14`2"
Kitchen13`3" × 9`5"
Living Room18`3" × 9`5"
Walk-In Closet6`8" × 10`4"
Basement Level
4pc Bathroom
Bedroom10`0" × 15`2"
Bedroom13`3" × 13`0"
Family Room12`7" × 17`1"
Game Room16`7" × 11`4"
Property History
No previous MLS® listings on record for this property — this appears to be its first time offered. Want to know how often homes nearby change hands? Ask our team.
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