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Semi-DetachedActive

Marlborough · Calgary

422 40 Street NE, Calgary

$554,999

Marlborough, Calgary, Alberta T2A0M5 · MLS® A2309318

4
Bedrooms: 2
Bathrooms: 728
Sq ft above grade: $763
Per 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 $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.

Secondary suite: 1 legal suite · 1 illegal suite

Location: Suite Attached/Within Primary Dwelling

Basement

An illegal suite is not registered with the city. It can affect insurance, financing and what you may legally rent out — ask before writing an offer.

Property Details

Interior

Bedrooms: 4
Bathrooms: 2 full
Rooms above grade: 4
Above grade: 728 sq ft
Total finished: 728 sq ft
Basement: Full · Finished
Laundry: Electric Dryer Hookup, Washer Hookup

Interior features

Kitchen Island

Flooring

Laminate

Building

Property type: Semi-Detached
Structure: Duplex
Style: Attached-Up/Down, Bi-Level
Levels: Bi-Level
Year built: 1971
Front exposure: W
Entry level: 1
Common walls: 1 Common Wall

Construction

Concrete
Stucco
Wood Frame

Roof

Asphalt Shingle

Foundation

Poured Concrete

Heating, cooling & services

Heating: Forced Air, Natural Gas
Cooling: None

Parking

Garage: Alley Access, Double Garage Detached, Insulated · 2 spaces
Garage size: 21`5" x 21`7"
Total parking: 4 spaces

Lot & outdoors

Lot size: 334 sq ft
Acreage: 0.01 acres
Frontage: 24.61 ft
Fencing: Fenced

Lot features

Back Yard
City Lot
Front Yard
Garden
Irregular Lot
Landscaped
Treed

Outdoor living

Patio

Exterior features

Private Yard

In the community

Park
Playground
Schools Nearby
Shopping Nearby

Costs & ownership

Annual property tax: $2,363 (2025)
Title: Fee Simple
Ownership: REALTOR®/Seller; Realtor Has Interest
Zoning: R-CG
Restrictions: Noise Restriction

Listing & availability

MLS® number: A2309318
Listed: May 7, 2026
Days on market: 130
Possession: Immediate
Listing office: Real Broker

Included in the sale

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

Other inclusions: 2 stoves, 2 fridges, 2 washers, 2 dryers

Inclusions are as advertised by the listing brokerage and are confirmed in the purchase contract, not here.

Contact me for bookings or more information

Questions about this listing, or ready to view it? Stephen will follow up shortly.

Prefer to talk? (403) 827-4943

Selling to buy?

Need to sell your current home to buy this one? Stephen will prepare a free evaluation of your current home.

Request a free evaluation

Estimated Monthly Cost

$2,651.86/mo

Mortgage: $2,454.95
Property tax: $196.92

20% down · 4.49% · 25-yr amortization · estimate only. Excludes insurance, utilities and closing costs.

Listed by Real Broker

Data provided under license by Pillar 9™.

Listing data updated Jul 2, 2026, 9:45 a.m. MT.

Selling

Thinking of listing your home?

Need to sell to buy this one, or just want a real number? Stephen prepares a free evaluation that accounts for lot, finishes, and current activity in your community.

Request a free evaluation