422 40 Street NE - Photo 1 of 17, Calgary, Alberta
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$554,999

422 40 Street NE — Calgary, Alberta

T2A0M5

4Beds
2Baths
728Sq Ft
4Parking
1971Built
31Lot Sq Ft

About This Property

TURNKEY INVESTMENT OPPORTUNITY in established NE Calgary — this fully renovated bi-level duplex has been rented consistently every year at $3,000/month and is now vacant and move-in ready. *** Last tenants recently moved out — property is freshly cleaned, vacant and available for immediate possession June 30, 2026. A proven income-generating property with zero vacancy history. *** UPPER UNIT features 2 bedrooms | 4pc bathroom | Completely remodelled kitchen with new cabinets, counters & flooring | New bathroom flooring, tiling & cabinetry | Mirrored closet doors | All appliances included. *** LOWER ILLEGAL SUITE features 2 bedrooms | 3pc bathroom | Full kitchen | Rec room | Laminate flooring in bedrooms | In-suite laundry. Please note the lower illegal suite does not have development permits and is considered non-conforming — buyers to conduct their own due diligence regarding permits and compliance with the City of Calgary. *** OUTSIDE features a large detached garage (21.42 x 21.58 ft — 437 sq ft) | Fully fenced yard | Mature trees | Great curb appeal. *** Each unit includes its own stove, fridge, washer & dryer. *** Whether you are an investor looking for a proven rental or a savvy buyer looking to live in one unit and rent the other — this property delivers on every level. *** Seller is related to listing agent. (id:63357)

Property Location

Map

Property Details

Property Type
Detached
Bedrooms
4
Bathrooms
2
Half Baths
0
Living Area
728 sqft
Above Grade Area
728 sqft
Year Built
1971
Status
Active

Location & Neighborhood

What's nearby 422 40 Street NE

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POI data updated 5/8/2026

Calgary Market Snapshot

6,427

Active Listings

$560K

Median Price

Avg Days on Market

Last updated: May 8, 2026

Listed by

Real Broker

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$554,999
Oakwyn Realty Ltd.

Oakwyn Realty Ltd.

Search Listings Online Inc.

3195 Oak St, Vancouver, BC V6H 2L2

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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