Forest Heights, Calgary · MLS® A2341359
211
914 sq ft · Townhouse · Single Family · built 1978 · 55 days on market
listed by Dawson Alexander, Real Broker
Getting into the Calgary real estate market doesn’t have to mean stretching your budget.Welcome to #40, 3745 Fonda Way SE. A 2-bedroom, 1-bathroom bungalow-style end unit townhouse offering 913 sq. ft. of single-level living, making it an approachable option for first-time buyers, down sizers and investors alike.Inside, the layout is simple, functional and surprisingly spacious. The living and dining area features a wood-burning fireplace and opens directly onto your private fenced patio, giving you your own outdoor space without the price tag or maintenance of a detached home. The kitchen offers plenty of cabinet and counter space, while two well sized bedrooms and a full 4-piece bathroom complete the home.The location keeps everyday life convenient, with shopping, schools, parks, restaurants and transit nearby, along with quick access to 17 Avenue SE and Memorial Drive to connect you with the rest of Calgary.For a first-time buyer, this is an opportunity to stop renting and start building equity of your own. For an investor, it’s an approachable way to add a 2-bedroom property in an established Calgary community to your portfolio.Affordable. Functional. Single-level. Well connected. And an opportunity to get into Calgary real estate at a price point that’s getting harder to find.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $936 · tax $145 · strata $417 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Calgary: CMHC's average there ($1,908) 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
Nearest public (CBE) and Catholic schools, by distance
The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.
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Rapid transit: Marlborough CTrain station, 800 m (about 13 min walk); Franklin CTrain station, 1 km (about 16 min walk).
Rapid transit: Marlborough CTrain station, 800 m (about 13 min walk); Franklin CTrain station, 1 km (about 16 min walk).
Walkability 80/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 18 places to eat or drink, 14 parks and playgrounds, 1 school, 16 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
$262,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $262,000 |
| 2025 | $228,500 |
| 2024 | $178,000 |
| 2023 | $160,000 |
| 2022 | $151,500 |
| 2021 | $154,000 |
| 2020 | $159,000 |
| 2019 | $167,500 |
From City of Calgary open data (property assessments), matched to 40 3745 FONDA WY SE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,742 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $1,742 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.