Varsity Villas
4001A 49 St Nw, Calgary, AB T3A 2C9
Varsity Villas, at 4001A 49 St Nw, is a condo building in the Varsity area of Calgary, Alberta. It was built in 1976, has 93 residential units and stands 4 storeys tall.
Market Overview
Last sale: Aug 15, 2026
Condo Fees
2026 Assessment
Building Features
Policies
Known Issues & Notes
Known Issues (news/court)
[lawsuit_or_court - owner vs board dispute / oppression] Three unit owners who purchased units without indoor parking stalls sought a declaration regarding parking stall allocation at the 93-unit Varsity Villa condominium (80 indoor and 26 outdoor stalls), after being told by the Board President they could never obtain an indoor stall; the Court, in a July 18, 1994 decision, found the Board's informal practice of automatically carrying forward parking stall assignments on resale (via an unwritten licence-of-use document) was inconsistent with the by-laws' terminable licence scheme and improperly fettered the Board's discretion, declaring that all owners have equal entitlement to indoor stalls and requiring a fair process for reallocation. (1994-07-18)
SourceSpecial Assessment Notes
Major recent upgrades including new roof, balconies, railings, and updated common areas.
Repairs/Projects
New roof, balconies, railings, FOB entry system, and common area updates completed.
Management
About This Building
Varsity Villas is a four-storey low-rise apartment complex built in 1976 located at 4001A 49 Street NW in Calgary's Varsity neighbourhood. The building contains 93 units and has undergone substantial recent upgrades including roof replacement, balcony and railing work, and common area improvements. Units typically feature gas fireplaces, balconies, and in-suite laundry options. Recent sales have averaged around $182,000, with monthly condo fees averaging roughly $748, which include water, sewer, gas, and heat. The complex is restricted to residents aged 25 and older and does not permit pets. Given the building's recent capital improvements and ongoing operations, prospective buyers should have the reserve fund study, financial statements, board minutes, and bylaws reviewed by a professional before finalizing any purchase.
Nearby condo buildings
- Landmark Aspen – 3730 50 St Nw · built 1978 · 143 units · 165 m away
- Varsity House – 3615B 49 St Nw · built 1978 · 57 units · 277 m away
- 3607B 49 St Nw · built 1977 · 70 units · 365 m away
- 3519 49 St Nw · built 1976 · 72 units · 434 m away
- Mountain View Estates – 3420 50 St Nw · built 1976 · 72 units · 485 m away
- Shaganappi Estates – 4037 42 St Nw · built 1979 · 87 units · 525 m away
More in Calgary: Calgary condo buildings and document reviews. Alberta condo document reviews
General information, not legal advice. Building figures are approximate; confirm details in the corporation's own documents.