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115, 10960 42 Street NE, Calgary

$1,499,000

About this property

An exceptional opportunity to acquire a versatile commercial property featuring both restaurant and event-hosting capabilities, ideally situated in one of Northeast Calgary’s fastest-growing commercial corridors. The property is surrounded by a strong mix of established retail, commercial, and service-oriented businesses, with convenient access to major transportation routes including Stoney Trail, Métis Trail, and Deerfoot Trail. The main floor features a fully operational restaurant with a functional layout and equipped commercial kitchen, offering an excellent opportunity for an owner-operator or investor. The upper level includes a spacious banquet hall ideally suited for weddings, private functions, corporate events, and other large gatherings, creating significant potential for additional revenue streams. The combination of restaurant operations and event hosting under one roof provides flexibility and strong business potential for a wide range of buyers. An NDA included in the supplements is required to be signed prior to disclosing the detailed financial information. Contact us today for further information and to schedule a viewing!

Essential information

MLS® number
A2332609
Status
Active
Price
$1,499,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
3,200 sq ft
Year built
2019
Structure
Mixed Use
Listing brokerage
Prep Realty Inc.
Source
Pillar 9™ MLS® System

Exterior and construction

Zoning
I-C

Community

City
Calgary
Province
AB
Postal code
T3N 2b8

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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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The deal

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MLS® data last updated Nov 8, 2026, 1:10 a.m. (Mountain Time).

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