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340 40 Avenue SW, Calgary

$2,495,000

About this property

TIMELESS CHARACTER. EXTENSIVELY REBUILT. EXCEPTIONAL ELBOW PARK LOCATION. Set on a beautiful, tree-lined corner lot in East Elbow Park, this distinguished 1945 residence offers a compelling combination of architectural character, extensive reconstruction, and an established setting that simply cannot be replicated. With its traditional 1½-storey architecture, mature surroundings, and prominent south west corner position, the home captures the enduring appeal of one of Calgary's most sought-after inner-city neighbourhoods. Its corner setting provides an enhanced sense of openness, natural light, and street presence. Behind the timeless exterior lies a home that has been extensively rebuilt and thoughtfully renewed. The entire main floor and lower level have undergone comprehensive reconstruction, representing a substantial investment in the property's comfort, functionality, and longevity. From the completely redone kitchen, powder room and main floor spaces, to the rebuilt lower-level living spaces, three piece bath with steam shower, new laundry, and mechanical systems, the improvements extend well beyond cosmetic updates. The result is a beautifully revitalized residence that preserves the charm of its original architecture while delivering the comfort and convenience of modern living. Offering 5 bedrooms, 4 bathrooms, and 3774 square feet of developed living space, the home provides a welcoming balance of character and contemporary functionality. Upstairs, the second level is flooded with natural light. The primary suite is a true retreat, with a reading and coffee nook made for slow mornings, a spa-like ensuite, and a walk-in closet. Three additional bedrooms and a four-piece main bath complete the level, giving family and guests space of their own. The transformation continues outdoors, where newly completed landscaping, fence and irrigation system complement mature trees and private established grounds. The generous corner setting enhances the property's curb appeal, while a double detached garage provides everyday convenience. Situated in the coveted eastern enclave of Elbow Park, the location offers an exceptional inner-city lifestyle. The Elbow River pathways, neighbourhood parks, and Elbow Park School are close at hand, while downtown Calgary and the amenities of neighbouring communities are just minutes away. For buyers drawn to the character of an established home but hesitant to undertake extensive renovations, 340 40 Avenue SW presents a distinctive opportunity. The architectural charm, mature setting, and neighbourhood prestige remain, while the significant investment in rebuilding and modernizing the interior has already been made. A home with history. A residence thoughtfully renewed. An address that never goes out of style.

Essential information

MLS® number
A2356673
Status
Active
Price
$2,495,000
Property type
Residential
Type
Detached
Transaction
For Sale
Restrictions
Restrictive Covenant
Bedrooms
5
Bathrooms
3 full, 1 half
Living area
2,703 sq ft
Lot size
4,688 sq ft
Year built
1945
Structure
House
Style
1 and Half Storey
Levels
One and One Half
Listing brokerage
Real Broker
Source
Pillar 9™ MLS® System

Interior

Heating
High Efficiency, Natural Gas
Cooling
Central Air
Flooring
Ceramic Tile, Hardwood
Appliances
Central Air Conditioner, Dishwasher, Dryer, Gas Range, Microwave, Range Hood, Refrigerator, Washer
Features
Bookcases, Built-in Features, Chandelier, Closet Organizers, Double Vanity, French Door, Granite Counters, Pantry, Separate Entrance, Walk-In Closet(s), Wired for Sound, Wood Windows
Fireplaces
2
Fireplace
Basement, Gas, Great Room, Mantle
Laundry
Lower Level
Basement
Full
Basement development
Finished

Exterior and construction

Features
Private Yard
Construction
Stucco
Roof
Asphalt Shingle
Foundation
Poured Concrete
Lot features
Back Yard, Corner Lot, Underground Sprinklers
Frontage
11.43M 37`6"
Zoning
Residential - Grade-Orien

Parking

Total parking
4
Garage spaces
2
Features
Concrete Driveway, Double Garage Detached, Heated Garage, Insulated

Community

City
Calgary
Province
AB
Postal code
T2S 0X4
Features
Park, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths

Where it is

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Approximate location, plotted from the listing’s own coordinates.

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MLS® data last updated Nov 8, 2026, 12:50 a.m. (Mountain Time).

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