17, 4940 39 Avenue SW

rent

$2,090/mo

after all costs

−$335/mo

cap rate

4.0%

yearly net rent ÷ price

Costs: mortgage $1,394 · tax $199 · strata $490 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Calgary: CMHC's average there ($2,118) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

Rapid transit: 45 Street CTrain station, 2 km (about 31 min walk); Sirocco CTrain station, 2.2 km (about 34 min walk).

• Up 3.0% from $348,500 in 2025
• $314,500 in 2016 (14% over ten years)
• Asking price is 11% below the assessment
• Built 1976
• Lot 22,622 m² (243,501 sq ft)

From City of Calgary open data (property assessments), matched to 17 4940 39 AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

about $2,387 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $2,387 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

Rapid transit: 45 Street CTrain station, 2 km (about 31 min walk); Sirocco CTrain station, 2.2 km (about 34 min walk).