409 40 Avenue SW

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$4,000,000

409 40 Avenue SW

Elbow Park, Calgary · MLS® A2324026

1,860 m² lot · Land · Vacant Land · 120 days on market

listed by Giedre Vitkauskaite, The Real Estate District

realtor's description

Only two riverfront lots remain available in the final phase of the Elbow River Estate Collection, located in the prestigious inner-city community of Elbow Park.This exceptional parcel offers nearly 22,000 sq. ft. of land and approximately 111 ft. of Elbow River frontage, this expansive property will make a gracious estate, a legacy. A singular opportunity for breathing space, calm and the tranquility of nature whilst remaining in the centre of the vibrant city.These properties were acquired by the Province of Alberta while the water-flow system was being remediated and restructured following the 2013 floods. They are now being offered for sale through a transparent and structured process. Additional information is available.

property details

type: Land, Vacant Land
lot: 1,860 m²
parking: 0
property tax: $12,488 / yr
days on market: 120
MLS®: A2324026

features

No neighbours behind

monthly cost

$18,468/mo

Mortgage $17,428 · Tax $1,041

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$17,428/ monthly

loan $3,200,000

25-year amortization

down payment20% · $800,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,028,285
land title fees: $7,300; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $807,300; down + land title fees
total paid: $5,228,285

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Elbow Park, CalgaryGoogle Maps ↗

Rapid transit: 39 Avenue CTrain station, 1.1 km (about 17 min walk); Erlton/Stampede CTrain station, 2 km (about 31 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Elbow Park School404 m
Middle · CBE Elboya School786 m
Secondary · CBE Calgary Home Education1.5 km
Elementary · Catholic St. Anthony882 m

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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