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Home Communities Bowness 4632 85 Street NW
$2,850,000 Active
4632 85 Street NW · Calgary · T3P 2R7
bd ba 5,004 sqft $570/sqft Built 2026
MLS® A2303959 · Listed Apr 27, 2026
Listed by Real Broker — Justin Warthe
By the numbers

How this listing measures up

$/sqft $570
vs Bowness median +235% community avg $850K
Sqft per bedroom
Year built 2026
Annual taxes $3,442 2025
Bowness avg DOM 31d
$/sqft distribution

Where this listing sits in Bowness

Of 58 active residential listings in Bowness, this property at $570/sqft sits in the $550–600 range.
$250–$300/sqft · 4 listings $300–$350/sqft · 3 listings $350–$400/sqft · 2 listings $400–$450/sqft · 8 listings $450–$500/sqft · 12 listings $500–$550/sqft · 5 listings $550–$600/sqft · 5 listings $600–$650/sqft · 4 listings $650–$700/sqft · 1 listing $700–$750/sqft · 1 listing $750–$800/sqft · 1 listing $800–$850/sqft · 2 listings $850–$900/sqft · 2 listings $900–$950/sqft · 2 listings $950–$1000/sqft · 1 listing $1000–$1050/sqft · 0 listings $1050–$1100/sqft · 1 listing $1100–$1150/sqft · 0 listings $1150–$1200/sqft · 0 listings $1200–$1250/sqft · 0 listings $1250–$1300/sqft · 0 listings $1300–$1350/sqft · 0 listings $1350–$1400/sqft · 0 listings $1400–$1450/sqft · 1 listing $1450–$1500/sqft · 0 listings $1500–$1550/sqft · 1 listing $1550–$1600/sqft · 0 listings $1600–$1650/sqft · 0 listings $1650–$1700/sqft · 0 listings $1700–$1750/sqft · 1 listing $1750–$1800/sqft · 0 listings $1800–$1850/sqft · 0 listings $1850–$1900/sqft · 0 listings $1900–$1950/sqft · 0 listings $1950–$2000/sqft · 1 listing $250 $350 $450 $550 $650 $750 $850 $950 $1050 $1150 $1250 $1350 $1450 $1550 $1650 $1750 $1850 $1950 $2000 This · $570
Other active listings This listing's price range This listing

About this property

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 Calgary’s 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 performance. 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 Calgary’s most active redevelopment corridors.

Property details

AppliancesDishwasher,Dryer,Electric Stove,Garage Control(s),Gas Stove,Microwave,Microwave Hood Fan,Refrigerator,Washer
InclusionsNone
Lot size6178.00 sqft
Year built2026
New construction1
Parking total4
Annual taxes$3,442
Tax year2025
PossessionNegotiable
ZoningR-CG
TitleFee Simple
RestrictionsNone Known
NeighbourhoodBowness
List AORCalgary

Location

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About Bowness

AI-generated summary

Bowness is a laid-back, riverside community with a strong village-like identity and a growing arts and café culture that blends long-time locals with newcomers drawn to its charm.

Bowness was an independent town before being annexed by Calgary in 1963
Bowness Park features a popular lagoon used for paddleboats in summer and skating in winter
The community borders the Bow River, offering direct access to Calgary's extensive pathway system
Housing
The area features a mix of post-war bungalows, infill duplexes, and new single-family builds, offering relatively affordable entry points compared to nearby inner-city communities.
Transit
Bowness is served by Calgary Transit bus routes with connections toward downtown, though most residents rely on personal vehicles for daily errands.
Amenities
Residents enjoy Bowness Park along the Bow River, the Bowness Road main street with local shops and cafés, and easy access to Canada Olympic Park and the broader Paskapoo Slopes.
Who lives here
The community attracts a diverse mix of long-established families, young couples seeking affordability, and outdoor enthusiasts who value proximity to river pathways and the mountains.
Full Bowness community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: Real Broker — Justin Warthe.