Southeast Calgary Homes for Sale: $350,000 to $500,000 Price Range (Updated Daily)

For those seeking exceptional value within a vibrant community, Southeast Calgary offers a compelling array of homes priced between $350,000 and $500,000. This range is particularly appealing to first-time homebuyers, downsizers, and investors, offering a mix of affordability and quality in one of Calgary's most dynamic regions.

Key Highlights of Southeast Calgary Homes for Sale ($350,000 to $500,000):

  • Diverse Housing Options: This price bracket includes a variety of housing types such as condominiums, townhouses, and smaller single-family homes, catering to different lifestyles and needs.

  • Modern Amenities: Many properties feature modern amenities like updated kitchens, energy-efficient appliances, and well-appointed living spaces that maximize comfort and functionality.

  • Community Facilities: Residents benefit from a host of community amenities including schools, parks, recreational centers, and shopping districts—all contributing to a high quality of life.

  • Outdoor Activities: The area is close to several parks, lakes, and recreational areas, offering abundant opportunities for outdoor enthusiasts to enjoy cycling, walking, and various water activities.

  • Strategic Location: Southeast Calgary provides excellent connectivity to major highways and public transportation routes, facilitating easy access to downtown Calgary and surrounding areas.

  • Investment Opportunities: Homes in this price range are positioned well for potential appreciation, thanks to Calgary's steady growth and the increasing demand for housing in the southeast quadrant.

Work with a Knowledgeable Real Estate Professional: Diane Richardson brings extensive expertise and a personalized approach to the Southeast Calgary real estate market. Diane is dedicated to helping clients find homes that not only meet their financial criteria but also exceed their lifestyle expectations.

Contact Diane Richardson:

Explore Homeownership Opportunities in Southeast Calgary

Whether you’re entering the market for the first time or seeking a worthwhile investment, the $350,000 to $500,000 price range in Southeast Calgary provides a range of affordable and attractive options. Reach out to Diane Richardson to start your journey towards finding your ideal home in this welcoming and thriving community

Contact Diane Richardson: 

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  • Phone Number: Call me directly at 403.397.3706 for any questions or to schedule viewings.

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4256 40 Avenue NW
Varsity Calgary T3A 0X1

$565,000
Residential beds: 6 baths: 2.0 982 sq. ft. built: 1971

Main Photo: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 1: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 2: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 3: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 4: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 5: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 6: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 7: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 8: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 9: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 10: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 11: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 12: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 13: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 14: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 15: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 16: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 17: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 18: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 19: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 20: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 21: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 22: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Photo 23: 4256 40 Avenue NW in Calgary: Varsity Semi Detached (Half Duplex) for sale : MLS®# A2250979
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2250979
Bedrooms:
6
Bathrooms:
2
Year Built:
1971
Welcome to the desirable community of Varsity, just a short three-minute walk to Market Mall. This bi-level duplex is the perfect opportunity for investors, featuring a legal basement suite and a strong rental history. Upstairs offers three bedrooms and one full bathroom, while the lower level includes another three bedrooms and one full bathroom, currently rented and generating $3,500 per month in rental income. The home includes bright living and dining spaces, a large recreation room in the basement, a versatile storage room that can double as a den or office, and a spacious front deck to enjoy. Recent updates include a renovated basement and a newer roof (2014). With a prime location near the University of Calgary, Foothills Hospital, LRT, Sir Winston Churchill High School, and just steps from Market Mall, this property checks all the boxes for a revenue property or future value growth. Best access is from the south end of Voyageur Drive through the back lane.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
Attached-Side by Side, Bi-Level
Total Living Area:
982 sq. ft.
Main Level Finished Area:
982 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
971 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,217 sq. ft.
Lot Frontage:
8'1"
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:
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
1971 (Age: 54)
Bedrooms:
6 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
3
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9411098
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
Duplex
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Ceramic Tile, Laminate, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Off Street, Parking Pad
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Common Area
Varsity
Dryer, Electric Cooktop, Electric Oven, Electric Stove, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
11'11" × 11'4"
Main Floor
Kitchen
10'7" × 8'11"
Main Floor
Dining Room
10'6" × 8'11"
Main Floor
Laundry
4'3" × 3'11"
Main Floor
Bedroom - Primary
12'5" × 10'4"
Main Floor
Bedroom
11'5" × 8'5"
Main Floor
Bedroom
11'11" × 8'5"
Lower Level
Family Room
11'8" × 9'2"
Lower Level
Kitchen
15'7" × 8'1"
Basement
Furnace/Utility Room
8'7" × 8'1"
Basement
Bedroom
12'4" × 9'7"
Basement
Bedroom
13'2" × 8'2"
Basement
Bedroom
11'8" × 9'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6'8" x 8'6"
Lower Level
No
4
7'7" x 8'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Pantry, Vinyl Windows
Exterior Features:
Balcony, BBQ gas line, Playground, Private Entrance, Private Yard
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Aug 27, 2025
Days on Mkt:
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Listed by eXp Realty
Data was last updated September 13, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
68
Avg list price:
$512,400
Min list price:
$187,500
Max list price:
$3,250,000
Avg days on market:
29
Min days on market:
1
Max days on market:
155
Avg price per sq.ft.:
$405.22
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