Calgary Homes with Legal Secondary Suites | Income-Generating Properties

Explore a wide variety of Calgary homes with legal secondary suites, ideal for investors, families, and first-time buyers. These properties offer excellent rental income potential and provide a flexible option for multi-generational living while complying with Calgary’s zoning and safety regulations.Calgary homes with legal secondary suites

Calgary’s real estate market features homes with fully approved secondary suites, including private entrances, separate utilities, and modern amenities. Popular neighborhoods such as Capitol Hill, Martindale, and Forest Lawn offer homes close to schools, parks, and public transit, making them attractive to renters and buyers alike.

Whether you’re searching for a mortgage-helper property or a high-yield income investment, the latest Calgary homes with legal secondary suites deliver on value, functionality, and location. Start your journey toward finding the perfect home that meets your needs and maximizes your investment opportunities.

Contact Diane Richardson

Phone: 403.397.3706

Email: diane@mypadcalgary.com

A Selection Of Calgary Homes with Legal Suites

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Please provide the MLS® number or the property's location that interests you. Whether you're interested in utilizing our effective marketing strategies to list your Calgary home for sale or you want to schedule a private viewing of any property listed on forsaleincalgary.com, don't hesitate to get in touch with Diane Richardson right away.

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4924 40 Avenue NW
Varsity Calgary T3A 2P1

$850,000
Residential beds: 5 baths: 2.0 1,085 sq. ft. built: 1971

Main Photo: 4924 40 Avenue NW in Calgary: Varsity Detached for sale : MLS®# A2228581
Photo 1: 4924 40 Avenue NW in Calgary: Varsity Detached for sale : MLS®# A2228581
Photo 2: 4924 40 Avenue NW in Calgary: Varsity Detached for sale : MLS®# A2228581
Photo 3: 4924 40 Avenue NW in Calgary: Varsity Detached for sale : MLS®# A2228581
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Photo 23: 4924 40 Avenue NW in Calgary: Varsity Detached for sale : MLS®# A2228581
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2228581
Bedrooms:
5
Bathrooms:
2
Year Built:
1971
Spacious 5-Bedroom Home with Shop, Greenhouse & Investment Potential Discover this well-maintained 5-bedroom property offering both comfort and opportunity. This bi-level has been updated with a newer High Efficiency Furnace, a/c, newer windows, shingles, siding. Featuring beautiful hardwood floors throughout, this home exudes warmth and charm while boasting modern convenience with newer appliances and thoughtful updates. A standout feature is the versatile extra shop/office space—perfect for a home business, creative studio, or private workspace. Outdoors, greenhouses provide a fantastic setup for gardening enthusiasts and a metal gazebo on the patio provides a welcoming place to just sit and relax. Located close to all amenities, including shopping, schools, transit, and parks, this property combines everyday convenience with long-term potential. Whether you're looking to settle in, run a home-based business, or invest in a growing area, this property checks all the boxes. Don't miss this unique opportunity—schedule your private showing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,085 sq. ft.
Main Level Finished Area:
1,085.1 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
890.9 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,995 sq. ft.
Lot Frontage:
50'
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
South
Reg. Size:
Reg. Size Includes:
Levels:
Bi-Level
Total Rooms Above Grade:
3
Year built:
1971 (Age: 54)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7004JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Slab
New Constr.:
No
Construction Material:
Stucco, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
Yes
Garage Spaces:
2
Parking:
Alley Access, Double Garage Detached
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Varsity
Electric Range, Refrigerator, Satellite TV Dish, Washer/Dryer, Window Coverings
Green house (2), Shed, metal gazebo,
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13' × 10'6"
Main Floor
Bedroom
12'1" × 8'2"
Main Floor
Bedroom
12'1" × 8'9"
Basement
Bedroom
14'8" × 9'8"
Basement
Bedroom
12'2" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 10'5"
Basement
No
4
6'7" x 5'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan, Vinyl Windows
Exterior Features:
Private Yard
Patio And Porch Features:
Patio, See Remarks
Lot Features:
Back Lane, Back Yard, Garden
Num. of Parcels:
0
Outbuildings:
Shed, Greenhouse, Shop/Office
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Jun 07, 2025
Days on Mkt:
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Listed by First Place Realty
Data was last updated August 17, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
54
Avg list price:
$504,700
Min list price:
$209,000
Max list price:
$2,499,000
Avg days on market:
24
Min days on market:
1
Max days on market:
128
Avg price per sq.ft.:
$428.39
These statistics are generated based on the current listing's property type and located in Varsity. Average values are derived using median calculations. This data is not produced by the MLS® system.
Diane Richardson 403.397.3706
Cell: 403-397-3706
CIR Realty
703 64 Ave SE #130
Calgary AB T2H 2C3 CA