Welcome to this 8 unit bi-level multi-family building for sell, an exceptional investment opportunity in the heart of Bowness, one of Calgary's fastest-transforming inner-city communities. Surrounded by newly developed multi-family projects, this well-maintained property offers excellent holding income today with outstanding redevelopment potential for the future.
Situated on a 75' x 150' M-C1 zoned lot, the building features 8 rental units, including 2 three-bedroom units, 4 two-bedroom units, and 2 one-bedroom units, along with 8 rear parking stalls. The property generates strong cash flow, making it an ideal long-term investment while you benefit from future land appreciation and redevelopment opportunities.
Conveniently located within walking distance to schools, shopping, parks, and everyday amenities. Enjoy being just 10 minutes from WinSport, Farmer's Market, Bowness Park, and a wide variety of major retail and dining destinations, while downtown Calgary is only a 15-minute drive away.
Whether you're an investor looking for stable income, a developer seeking your next project, or a buyer wanting to secure land in a rapidly evolving neighbourhood, this is an opportunity you won't want to miss.
Essential information
MLS® number
A2328567
Status
Active
Price
$2,450,000
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Restrictions
None Known
Building area
80,729 sq ft
Lot size
11,248 sq ft
Year built
1974
Structure
Low Rise (2-4 stories)
Listing brokerage
Homecare Realty Ltd.
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Included
8 x Fridge, 8 x Stove, 6 x Washer, 6 x Dryers
Exterior and construction
Construction
Brick, Stucco, Wood Frame
Frontage
22.91M 75`2"
Zoning
M-C1
Parking
Total parking
8
Community
City
Calgary
Province
AB
Postal code
T3B2M3
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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18 photos$2,250,0004340 73 Street NW, Calgary
