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409 40 Avenue SW, Calgary

Elbow Park
ActiveMLS® A2324026· 112 days on market
$4,000,000
—
Bedrooms
—
Bathrooms
—
Sq ft
—
Year built
$12,488
Property tax (2026)
20,021
Lot sq ft
CalgaryListings Insight
This home at 409 40 Avenue SW. It is located in the community of Elbow Park. Before writing, ask about recent comparable sales, inspection items, permits, basement development, and long-term resale fit. MLS® A2324026.

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About this property

Only two riverfront lots remain available in the final phase of the Elbow River Estate Collection, located in the prestigious inner-city community of Elbow Park. This exceptional parcel offers nearly 22,000 sq. ft. of land and approximately 111 ft. of Elbow River frontage, this expansive property will make a gracious estate, a legacy. A singular opportunity for breathing space, calm and the tranquility of nature whilst remaining in the centre of the vibrant city. These properties were acquired by the Province of Alberta while the water-flow system was being remediated and restructured following the 2013 floods. They are now being offered for sale through a transparent and structured process. Additional information is available.
Property Taxes
$12,488/yr (2026)

Listing Information

MLS® NumberA2324026
StatusActive
List Price$4, 000, 000
Days on Market112 days

Property Details

Property TypeResidential Land
Architectural StyleOther
ZoningR-C1

Site & Lot

Lot Size20, 021 sq ft
Lot Acres0.46 acres
Lot FeaturesNo Neighbours Behind
Legal Description0214389;13;47

Inclusions

N/A

Listing Office

The Real Estate District
Listing data provided via MLS®. Not intended to solicit buyers or sellers already under contract.

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.

What did similar homes here actually sell for?

Calgary Listings 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.

What stands out about this listing

  • Time on marketOn the market 112 days. Homes of all types that sold in Elbow Park over October 2025 – September 2026 averaged 28 days.

Worked out from this MLS® record, our published community data and the other active listings in Elbow Park. Asking prices only; individual sold prices stay members-only under Alberta VOW rules.

Where this price sits in Elbow Park

Asking $4,000,000. This listing is not directly comparable with the typical homes of all types in Elbow Park: the gap is large enough that differences in size, age, lot or condition are more likely than a pricing signal. Lot utility, condition, permits and zoning need individual analysis, so we are not placing it against the $2,349,000 median sale price (October 2025 – September 2026, 62 recorded sales).

Aggregate MLS® statistics from our own published dataset (methodology). Individual sold prices stay members-only under Alberta VOW rules.

Schools near this home

  • Elbow Park SchoolPublic (CBE) · Elementary · 247 m · about 2 mins by carSchool website
  • Rideau Park SchoolPublic (CBE) · Elementary/Junior High · 556 m · about 6 mins by carSchool website
  • Earl Grey SchoolPublic (CBE) · Elementary · 1.1 km · about 4 mins by carSchool website
  • Western Canada High SchoolPublic (CBE) · Senior High · 1.8 km · about 7 mins by carSchool website
  • St. Monica SchoolCatholic (CCSD) · Elementary/Junior High · 1.9 km · about 6 mins by carSchool website
  • Central Memorial High SchoolPublic (CBE) · Senior High · 2.8 km · about 9 mins by carSchool website

Distances and drive times are measured from the centre of Elbow Park, 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 Elbow Park

DestinationBy carBy transit
Downtown Calgary11 mins27 mins
University of Calgary16 mins59 mins
Foothills Medical Centre15 mins54 mins
Mount Royal University10 mins36 mins
Calgary International Airport26 mins1 hour 18 mins
Westside Recreation Centre16 mins45 mins

Off-peak estimates measured from the centre of Elbow Park, not from this address. Live traffic varies.

Who lives in Elbow Park

  • 3,285Population
  • 2.9Average household size
  • 94%Owner-occupied households
  • $288KMedian household income
  • 21%Residents aged 0–14

2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Elbow Park census profile →

Questions about this home

Is 409 40 Avenue SW for sale?

Yes. 409 40 Avenue SW in Elbow Park is an active MLS® listing (MLS® A2324026). It has been on the market 112 days. Listing data last updated 2026-10-16.

What is the asking price of 409 40 Avenue SW?

409 40 Avenue SW in Elbow Park is listed at $4,000,000.

How does the asking price of 409 40 Avenue SW compare with the Elbow Park market?

It is not directly comparable with the typical homes of all types in Elbow Park: the gap is large enough that differences in size, age, lot or condition are more likely than a pricing signal. Lot utility, condition, permits and zoning need individual analysis.

Live MLS® Data · Calgary Listings Group · Serving Calgary Since 1997

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