Of the Varsity communities (Estates, Acres, Village) Varsity Estates is the most premium. Home prices range from $700,000 to $2M. In 2011 these 5,540 homes were the residences for just over 12,000 people. The boundaries of the community consist of Bow River to the west, Crowchild Trail to the east, 32nd Avenue to the south and 40th Avenue to the north.

Transit
Bus routes 9 and 122 provide service for residents of Varsity Estates.

Parks & Recreation
Located within the community of Varsity Estates is Varsity Acres Park. It consists of two parts, in one simply greenery and trees, and in the other a baseball/softball field. West of the community is the Bowmont Park Natural Area. This Park features a soccer field, baseball field, playgrounds, off-leash areas, picnic tables and hiking trails (however it is closed due to flooding).

Over 100 stores, restaurants and more are located at the Market Mall, just like at the nearby Northland Village Shopping Centre. To the west is the West Bowness Shopping Centre, and a lot of freestanding stories surround the community as well.

Schools
● Jerry Potts Elementary
● F. E. Osborne Junior High
● Sir Winston Churchill High

Houses of Worship
● Hope Lutheran
● Varsity Acres Presbyterian
● Holy Cross Anglican