Globe Cinema is a distinctive entertainment and commercial property for sale in downtown Calgary, located at 617 8 Avenue SW in the Downtown West End. This two-storey building totaling approximately 12,300 square feet offers a rare opportunity for entertainment venues, live performance space, cinema use, creative office, or event-oriented ownership in Calgary’s downtown core.
Positioned along 8 Avenue SW, the property benefits from strong street exposure, high pedestrian traffic, and immediate access to CTrain stations, public transit, office towers, hotels, restaurants, and residential developments. The building was renovated in 1995 and offers flexible interior potential suitable for a variety of cultural, creative, and commercial uses. Zoning supports a broad range of downtown commercial and entertainment-related uses (subject to City approvals). Globe Cinema represents a unique opportunity to acquire a well-known downtown Calgary entertainment property within an established cultural corridor.
Essential information
MLS® number
A2278067
Status
Active
Price
$2,400,000
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
12,300 sq ft
Year built
1973
Listing brokerage
KPLI Real Estate Corporation
Source
Pillar 9™ MLS® System
Exterior and construction
Construction
Concrete
Roof
Asphalt
Zoning
CR20-C20/R20
Community
City
Calgary
Province
AB
Postal code
T2P 1H1
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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$2,200,000123 Calgary, Calgary
