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Pemberton Holmes Ltd.

mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listing data via CREA's DDF®. about · terms of use · privacy · © 2026 mihom.

415 40 Avenue SW
homes for sale · Calgary · Elbow Park
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$2,600,000

415 40 Avenue SW

Elbow Park, Calgary · MLS® A2324034

1,150 m² lot · Land · Vacant Land · 120 days on market

listed by Giedre Vitkauskaite, The Real Estate District

realtor's description

Just two of the seven riverfront lots in the final phase of the Elbow River Estate Collection remain available in the prestigious inner-city community of Elbow Park. At more than a quarter of an acre of land and 98’ of river frontage, this is one of the larger parcels available. Truly an inner-city location, design will matter to take advantage of the river access while softening the proximity of Elbow Drive. This is an opportunity to combine the urban landscape with the natural environment while creating a legacy in one of Calgary’s deeply historic communities. 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. Now Open, More Than ¼ Acre with 98 FT of Elbow River Frontage.

property details

type
Land, Vacant Land
lot
1,150 m²
parking
0
property tax
$7,936 / yr
days on market
120
MLS®
A2324034

features

  • No neighbours behind

monthly cost

$11,989/mo
Mortgage $11,328 · Tax $661

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

estimated payment
$11,328/ monthly
loan $2,080,000
25-year amortization
total interest
$1,318,385
land title fees
$4,780
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$524,780
down + land title fees
total paid
$3,398,385

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

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Elbow Park School376 m
listed by
Giedre Vitkauskaite
The Real Estate District
call Giedre · 403-966-5780
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

Middle · CBE Elboya School
789 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.

    Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

    location

    Elbow Park, CalgaryGoogle Maps ↗

    Rapid transit: 39 Avenue CTrain station, 1.1 km (about 18 min walk); Erlton/Stampede CTrain station, 2 km (about 31 min walk).

    city assessment

    $2,040,000

    2026 assessment · market value as of July 1, 2025

    • Up 3.6% from $1,970,000 in 2025
    • $3,090,000 in 2016 (-34% over ten years)
    • Asking price is 27% above the assessment
    • Lot 1,150 m² (12,378 sq ft)
    roll yearassessed
    2026$2,040,000
    2025$1,970,000
    2024$1,730,000
    2023$1,470,000
    2022$1,260,000
    2021$1,090,000
    2020$1,360,000
    2019$1,330,000

    From City of Calgary open data (property assessments), matched to 415 40 AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

    property tax

    about $13,566 a year

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

    The listing shows $7,936 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.

    location

    Elbow Park, CalgaryGoogle Maps ↗

    Rapid transit: 39 Avenue CTrain station, 1.1 km (about 18 min walk); Erlton/Stampede CTrain station, 2 km (about 31 min walk).

    Drive times
    • Elbow Park2 min
    • Western Canada High6 min
    • University of Calgary Downtown Campus8 min
    • Downtown Calgary9 min
    • Sheldon M. Chumir Health Centre9 min
    • YYC airport26 min
    58

    Walkability 58/100 · Somewhat walkable: some errands on foot

    Within a 10 minute walk: 14 parks and playgrounds, 1 school, 13 transit stops.

    mihom score from OpenStreetMap places, by straight line distance.

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