422 40 Street Ne, Calgary

$554,999

4 Beds
2 Baths
728 Sqft
.01 Acres
2 Garages

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.

Essential Information
MLS® #A2309318
Price$554,999
Bedrooms4
Bathrooms2.00
Full Baths2
Square Footage728
Acres0.01
Year Built1971
TypeResidential
Sub-TypeSemi Detached (Half Duplex)
StyleAttached-Up/Down, Bi-Level
StatusActive
Community Information
Address422 40 Street Ne
SubdivisionMarlborough
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2A0M5
Amenities
Parking Spaces4
# of Garages2
Parking

Alley Access, Double Garage Detached, Insulated

Interior
Interior FeaturesKitchen Island
HeatingForced Air, Natural Gas
CoolingNone
Has BasementYes
BasementFull
Appliances

Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked

Exterior
Exterior FeaturesPrivate Yard
RoofAsphalt Shingle
ConstructionConcrete, Stucco, Wood Frame
FoundationPoured Concrete
Lot Description

Back Yard, City Lot, Front Yard, Garden, Irregular Lot, Landscaped, Treed

Additional Information
ZoningR-CG
Listing Details
OfficeReal Broker
LISTING MAP

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