$2,850,000
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4632 85 Street Nw, Calgary, AB T3P2R7

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- Beds
0 Baths
5,004 Sq Ft

Welcome to a brand new, purpose-built 4-plex with legal basement suites in Bowness, Calgary, offering a total of 8 self-contained residential units and over 7, 400 sq.ft. of professionally designed living space. This is a rare opportunity to acquire a turnkey, income-generating multi-family asset in one of Calgarys most rapidly evolving and investor-focused communities.Located in Bowness, the property benefits from strong rental demand driven by proximity to the Bow River, Bowness Park, Canada Olympic Park, and convenient access to downtown Calgary. With ongoing redevelopment and increasing tenant demand, Bowness continues to emerge as a key inner-city investment node with long-term upside.The property features 4 spacious above-grade units, each offering approximately 1, 200+ sq.ft. of modern, open-concept living. These units are designed with functional layouts, large windows, and contemporary finishes, creating bright, livable spaces that appeal to quality tenants and support strong rental rates.Complementing the main units are 4 fully legal basement suites (approx. 620 sq.ft. each), each with private entrances, efficient floorplans, and comfortable living spaces. This configuration significantly enhances the overall revenue profile, making this an ideal asset for investors focused on maximizing cash flow and long-term performance.As a new construction multi-family property, this asset offers low maintenance requirements, modern construction standards, and reduced capital expenditure risk. The exterior showcases clean, contemporary architecture with durable, high-quality finishes, contributing to long-term durability and strong curb appeal.From an investment standpoint, the property is supported by a projected cap rate of 5.32% and a DSCR of 1.17, offering a balanced profile of income stability and financing viability. A detailed pro forma is available in the supplements, providing further insight into projected rents, operating costs, and overall perform ance.The efficient unit mix, separate entrances for all suites, and thoughtful design support a wide range of tenant profiles, helping to drive consistent occupancy and stable rental income in a supply-constrained market.This opportunity may also align with CMHC MLI Select financing (subject to lender and CMHC approval), presenting the potential for enhanced leverage and improved long-term returns.An exceptional opportunity to acquire a newly built 8-unit multi-family property in Bowness, combining strong in-place income potential, modern construction, and exposure to one of Calgarys most active redevelopment corridors. (id:58753)

Listing By: Justin Warthe - Real Broker cncrea2 Realty.com
  • MLS® A2303959
  • Date Listed04/27/2026
  • Days on Realty 39 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 6,178 sq. ft
  • Subdivision Bowness
  • Year Built 2026
  • Square Feet 5,004 sq. ft
  • Price Per Sq. Ft $569.54

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 6,178.48
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T3P2R7

Discover key demographics, population statistics, and environmental insights for the Calgary, AB area.

Walkability in AB / T3P2R7

Source: Walk Score

69/100

Somewhat Walkable

Walk Score ®

42/100

Some Transit

Transit Score ®

59/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

11 nearby routes: 11 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 38/100, Bike Score: 56/100.

Points of Interest near 4632 85 Street NW, Calgary, AB T3P2R7

Frequently Asked Questions for 4632 85 Street NW

Source: Realty.com

4632 85 Street NW, Calgary, AB T3P2R7 in Bowness, Calgary, AB T3P2R7 is a multi family listed at $2,850,000. Highlights include 5,004 sq. ft., built in 2026, $570 per sq. ft.. Realty.ca has 3 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 3 photos of 4632 85 Street NW.

Our records indicate that 4632 85 Street NW was built in 2026.

The full address for this home is 4632 85 Street NW, Calgary, AB T3P2R7.

4632 85 Street NW has been listed on Realty.com since Mon April 27, 2026

Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 38/100, Bike Score: 56/100.

Listing provided courtesy of: Real Broker
Listing agent: Justin Warthe

This content last refreshed on 2026-06-05 06:08:17. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.