242, 4037 42 Street NW, Varsity, Calgary

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2
Bedrooms
3
Bathrooms
1,661
Sq ft
1979
Year built
$3,428
Property tax (2026)
$706
Condo / HOA fee /mo
1
Garage
$599,900
$361 per sq ft (asking)
242, 4037 42 Street NW, Calgary T3A 2M9
Varsity
ActiveMLS® A2340164· 16 days on market
CalgaryListings Insight
Set in Varsity, 242, 4037 42 Street NW is a 2-bedroom home built in 1979, offering 3.5 bathrooms and 1,661 sq ft of living space above grade. Additional features include a fully finished basement, a single attached garage, vinyl plank flooring, a fireplace, and air conditioning. Condo fees are approximately $706/month, including water and parking. For townhomes, review condo fees or HOA fees, exterior maintenance responsibilities, parking, pet rules, and 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® A2340164.

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About this property

HELLO BEAUTIFUL!! Move in Ready!! Nothing to paint or fix! Extensively renovated and tucked into the mature, tree-lined grounds of Shaganappi Estates, this 3-bedroom townhouse offers over 2,000 sq. ft. of finished living space in an exceptionally convenient Varsity location. The kitchen, all three bathrooms and flooring have been completely upgraded, giving the home a polished, cohesive feel across all three levels. The kitchen anchors the main floor with extensive cabinetry, a large pantry, generous workspace, a central island and a window-lined breakfast nook. From here, the dining area flows naturally into the living room, where a fireplace creates a warm focal point and oversized windows draw in views of the surrounding greenery. Patio doors extend the living space onto a large rear deck, sheltered by privacy fencing and mature evergreens for outdoor dining, entertaining or a quiet morning coffee. Upstairs, the spacious primary bedroom includes a walk-in closet and beautifully finished ensuite with dual sinks and an oversized glass shower. A second bedroom and renovated full bathroom sit nearby, while the vaulted bonus room is one of the home’s most memorable spaces. Its warm wood ceiling and private balcony create an inviting setting for a home office, creative space or quiet retreat. The lower entry level adds a third bedroom for guests or a home office, along with laundry, storage and direct access to the heated single attached garage. Just beyond the home, the landscaped pond and park-like grounds give the complex a peaceful atmosphere that feels removed from the city. Be anywhere in minutes! Less than a ten minute drive to the #1 highway, Market Mall is within walking distance, while the University of Calgary, University District, Alberta Children’s Hospital, transit and major routes also only minutes away! Downtown is also within easy reach. Approx $150k spent over the last few years on renovations and upgrades! This is a rare opportunity to enjoy a beautiful home in a quiet and peaceful setting with everyday conveniences close at hand. The monthly condo fee includes water & sewer! AC and Hot Water tank only a few months old.
Property Taxes
$3,428/yr (2026)
Condo / HOA Fee
$706.34/mo

Listing Information

MLS® NumberA2340164
StatusActive
List Price$599, 900
Days on Market16 days
OccupancyOwner

Property Details

Property TypeRow/Townhouse
Architectural Style2 Storey
ZoningM-C1 d75
Above-Grade Sq Ft1, 661 sq ft
Year Built1979
Bedrooms2
Full Bathrooms3
Half Bathrooms1
Total Bathrooms3.5
Parking TypeSingle Garage Attached

Interior

BasementFull, Finished, None
FlooringCarpet, Tile, Vinyl Plank
Fireplaces1
HeatingFireplace(s), Forced Air
Air ConditioningHeat Pump

Exterior & Parking

ExteriorWood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Garage Spaces1
Total Parking2
Parking TypeSingle Garage Attached
Patio / DeckDeck

Site & Lot

Lot FeaturesFront Yard, Landscaped, Low Maintenance Landscape
Legal Description7911267;80

Inclusions

Dishwasher,Dryer,Electric Stove,Freezer,Garage Control(s),Microwave,Range Hood,Refrigerator,Washer,Window Coverings

Condo Details

Unit Number242
Monthly Condo Fee$706.34/mo
Fee IncludesWater · Parking
Parking TypeSingle Garage Attached
Pet PolicyRestrictions
Building AmenitiesPark · Trash · Visitor Parking

Room Dimensions

Main Level
Living Room21`10" × 17`6"
Dining Room15`1" × 9`5"
Eat in Kitchen16`3" × 12`9"
2pc Bathroom5`1" × 5`9"
Upper Level
Balcony9`11" × 4`9"
Bonus Room10`4" × 12`3"
Bedroom14`9" × 11`1"
4pc Bathroom7`7" × 5`0"
Bedroom - Primary12`4" × 17`4"
4pc Ensuite bath11`5" × 8`4"
Walk-In Closet5`2" × 7`11"
Basement Level
Entrance7`7" × 17`4"
Storage3`0" × 5`11"
Furnace/Utility Room6`1" × 12`11"
Bedroom11`5" × 11`10"

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?

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Where this price sits in Varsity

Asking $599,900. That is about 22% above the $493,000 median sale price for townhomes in Varsity over September 2025 – August 2026, across 42 recorded sales. Those sales took 36 days on the market on average. Across all home types, sellers in Varsity got 101.2% 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

DestinationBy carBy transit
Downtown Calgary17 mins42 mins
University of Calgary7 mins27 mins
Foothills Medical Centre9 mins42 mins
Mount Royal University13 mins46 mins
Calgary International Airport19 mins39 mins
Westside Recreation Centre18 mins1 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

How much is 242, 4037 42 Street NW?

242, 4037 42 Street NW in Varsity is listed for sale at $599,900. It has been on the market 16 days.

How many bedrooms and bathrooms does 242, 4037 42 Street NW have?

242, 4037 42 Street NW in Varsity has 2 bedrooms and 3 bathrooms. The listing records 1,661 sq ft above grade. It is a townhouse.

Is 242, 4037 42 Street NW priced above or below the Varsity market?

Its $599,900 asking price is about 22% above the $493,000 median sale price for townhomes in Varsity (September 2025 – August 2026, 42 sales). Medians are not adjusted for size, age or condition.

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