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Data Last Updated June 9, 2026, 9:27 pm

 
Courtesy of CIR Realty

Cambrian Heights Bungalow
Bedrooms 5 Bathrooms 2 Parking 1
No Floor Plan Available
$749,900
MLS® #:  A2317359
Address:  1207 40 Avenue
Size: 1,229 sq. ft.
Days On Website:  ACCESS Days on Website

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Descriptions:

A smart home purchase is one thing. But a home that pays you back every single month? That changes the conversation. Sitting on a massive 62 foot wide lot with a sun-soaked south backyard, this upgraded and fully suited 5 bedroom bungalow blends lifestyle, flexibility and income potential into one compelling opportunity. Whether you’re a growing family, investor or young buyer looking to offset your mortgage, this is the kind of property that makes financial sense without sacrificing comfort. Inside, this home has undergone a thoughtful refresh featuring charming refinished hardwood floors, repainted walls and replaced Lux windows throughout. The main living + dining spaces flow together seamlessly, creating an inviting setting for everyday life and entertaining alike. The bright kitchen delivers timeless style with herringbone flooring, crisp white cabinetry, subway tile backsplash and a corner stove framed by a sleek hood fan. The primary bedroom comfortably fits a king-sized bed and offers a spacious dual-door closet, while two additional guest bedrooms and a beautifully maintained 4-piece bathroom with stacked laundry complete the upper level. Downstairs, the fully contained 2 bedroom + den opens the door to incredible versatility with approximately $4,000/month in combined income potential. Large egress windows flood the lower level with natural light while the spacious layout, kitchenette, separate laundry and dedicated 3-piece bathroom create a comfortable space tenants or extended family will genuinely enjoy. Outside, the oversized single garage is complemented by an RV gate and additional parking stall designated for the lower-level occupant - a rare and valuable bonus. All this in a central location just 15 minutes to downtown and walking distance to Nose Hill Park, Confederation Park and an off-leash dog area. Opportunities with this much flexibility, functionality and upside don’t sit still for long.

Status: Active
Includes: Lower level fridge, dishwasher, stove, washer, dryer
Site Influences:
Back Lane
Legal Description:
ACCESS Legal Description
Location & Listing Info:
Zoning: R-CG
Neighbourhood: Cambrian Heights
Lot Size: 0.14 sq.ft.
Lot Shape: Back Lane
Zone: Zone CC
County: Calgary
Property Info:
Property Type: Residential Detached Single Family
Home Style: Bungalow
Year Built: 1957
Total Floor Area: 1,229 sq. ft.
Brokerage: CIR Realty
Construction Type: Concrete,Wood Siding
Front Exposure: N
Exterior:
Exterior: Concrete, Wood Siding
Construction: Concrete,Wood Siding
Frontage: 18.91M 62`0"
Front Exposure: N
Roof: Asphalt Shingle
Financial & Possession:
Tax: ACCESS Taxes
Possession: ACCESS Possession
Occupancy: ACCESS Occupancy
Seller's Rights Reserved: ACCESS Seller's Rights Reserved
Rooms:
Total Bedrooms: 5  (Bedrooms Above: 3)
Bathrooms: Full: 2 / Half: 0
Rooms Above: 6
Ensuite: No
Parking Plan Type: Single Garage Detached,Stall
Garage: 1
Additional Info:
Heating: Forced Air
Basement: Full
Basement Type: Full
Floor Finish: Carpet, Hardwood, Laminate, Tile
Fireplace Details: For Sale
Parking: Single Garage Detached, Stall
Total Parking:
Restrictions: Contact for Restrictions
Heating Type: Forced Air
Heating Fuel: Forced Air
Restrictions: None Known
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For viewing call 403-667-3618
Contact Aaron Wolfman -
8180 Macleod Trail SE, Calgary, Alberta, T2H 2B8
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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