Marlborough, Calgary · MLS® A2334325
322
1,030 sq ft · Townhouse · Single Family · built 1975 · 45 days on market
listed by Barry Chan, Grand Realty
Welcome to this fantastic property located at 511 40 St NE in the vibrant community of Marlborough, offering a spacious and functional layout across three levels.The main floor features a large, open-concept living room alongside a combined kitchen and dining area. The upper floor hosts 3 comfortable bedrooms and a 4-piece full bathroom. The basement is developed with a large bedroom and 3-piece bathroom.The west-facing rear of the home gets brilliant afternoon and evening sun, and you can step outside to your large private deck, green space, and 2 assigned parking stalls.Positioned for convenience, this home offers exceptional walkability to local schools, parks, shopping, and everyday amenities. The property has easy access to public transit—including a short distance to Marlborough LRT station as well as major roads. An ideal opportunity for buyers seeking space, accessibility, and a well-established neighborhood setting. -- Lock box is at the back door, please use the back entrance and park at the parking lot.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,307 · tax $203 · strata $416 · 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
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, 500 m (about 8 min walk); Franklin CTrain station, 1.5 km (about 24 min walk).
$366,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $366,000 |
| 2025 | $323,000 |
| 2024 | $255,500 |
| 2023 | $228,500 |
| 2022 | $208,500 |
| 2021 | $197,000 |
| 2020 | $203,000 |
| 2019 | $206,000 |
From City of Calgary open data (property assessments), matched to 511 40 ST NE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $2,434 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $2,433 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: Marlborough CTrain station, 500 m (about 8 min walk); Franklin CTrain station, 1.5 km (about 24 min walk).
Walkability 83/100 · Very walkable: most errands on foot
Within a 10 minute walk: 3 grocery stores, 22 places to eat or drink, 9 parks and playgrounds, 1 pharmacy, 23 transit stops.
mihom score from OpenStreetMap places, by straight line distance.