422 40 Street Ne, Calgary
TURNKEY INVESTMENT OPPORTUNITY in established NE Calgary — this fully renovated bi-level duplex has been rented consistently every year at $2,400-3,000/month and has a long term agreement with tenants for the legal suite(full home). 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. (id:1945)
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Property details for 422 40 Street Ne, Calgary
- Type
- Duplex
- Style
- Bi-level
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 728 square feet
- Lot Size
- 31.03
- Basement
- Finished, Full, Suite
- Parking
- Detached Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Concrete, Stucco
- Ownership
- Freehold
- Annual Taxes
- $2,363 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 422 40 Street Ne
Active Listings
26
Min Price
$310,000
Max Price
$649,900
Avg Price
$481,427
Days on Market
56
days
Sold Listings
8
Min Sold Price
$364,800
Max Sold Price
$550,000
Avg Sold Price
$462,188
Days until Sold
34
days
Neighbourhood Census Data
Calgary, Alberta
Population
414
Median Age
43.3
Median Income
$35,098
Dwelling Value
$370,096
Housing Tenure
Owners 63%
Renters 37%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.6
Pop. Density: 3,726.4/km²
Avg Shelter Cost: $953/mo
Owners with Mortgage: 42.1%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 0%
English only: 96.3%
English and French: 2.4%
Neither: 2.4%
Median Household Income: $76,544
Median Employment Income: $33,472
Price History
Listed
May 8, 2026
by Real Broker
Current Price
$554,999
Type
Duplex
For Sale
Contact Agent Get in touch about 422 40 Street Ne, Calgary
Liviu Arsenev
Real Broker
