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Home Communities Millrise 123 Millbank Road SW
$1,200,000 Active
123 Millbank Road SW · Calgary · T2Y 2Y9
bd ba 2,565 sqft $468/sqft Built 1991
MLS® A2311352 · Listed May 13, 2026
Listed by Royal LePage Benchmark — Maxine Morrison
By the numbers

How this listing measures up

$/sqft $468
vs Millrise median +122% community avg $540K
Sqft per bedroom
Year built 1991
Annual taxes $4,068 2026
Millrise avg DOM 39d
$/sqft distribution

Where this listing sits in Millrise

Of 20 active residential listings in Millrise, this property at $468/sqft sits in the $450–500 range.
$200–$250/sqft · 1 listing $250–$300/sqft · 1 listing $300–$350/sqft · 5 listings $350–$400/sqft · 7 listings $400–$450/sqft · 4 listings $450–$500/sqft · 1 listing $500–$550/sqft · 0 listings $550–$600/sqft · 0 listings $600–$650/sqft · 1 listing $200 $300 $400 $500 $600 $650 This · $468
Other active listings This listing's price range This listing

About this property

RARE DAYCARE opportunity to purchase or lease a strategically positioned childcare conversion property in the established and family-oriented community of Millrise. This property has received DISCRETIONARY DEVELOPMENT PERMIT approval for a Child Care Service accommodating up to 30 children, conditional upon completion of required building code, municipal, and licensing improvements. This fully developed HILLSIDE BUNGALOW, currently being run as a dayhome, offers over 2,378 SF of functional interior space ideally suited for daycare operations or long-term owner-user investment. The proposed layout includes multiple childcare activity areas, outdoor play space, staff room, universal washroom accessibility, and dedicated pick-up/drop-off functionality. Fully outfitted kitchen with recent upgrades of air conditioning (2025), water softener (2025), new windows & doors (2022), and new roof (2024). Providing an excellent foundation for future improvements and operational customization. The large CORNER LOT features an expansive rear yard, side yard, existing fencing, widened driveway access with ample parking. Convenient proximity to surrounding schools, residential density, major commuter routes, and three nearby LRT stations including Fish Creek–Lacombe, Shawnessy, and Bridlewood. With daycare demand continuing to outpace supply across Calgary, properties with active discretionary approvals are increasingly difficult to secure. This offering presents a unique opportunity to significantly reduce entitlement timelines while positioning your business or investment portfolio within a high-demand childcare market. Ideal for daycare operators, investors, or owner-users seeking a near ready childcare opportunity in a mature southwest Calgary community.

Property details

HeatingForced Air,Natural Gas
CoolingCentral Air
FlooringVinyl Plank
Interior featuresCeiling Fan(s)
InclusionsFridge, electric stove, hood fan, dishwasher, washer, dryer, all window coverings
Lot size4898.00 sqft
Frontage107.03 ft
Lot featuresCorner Lot,Landscaped,Near Public Transit,Near Shopping Center,No Back Lane,Steep Slope,Street Lighting
FencingFenced
Year built1991
Construction materialsStucco,Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Parking total12
Annual taxes$4,068
Tax year2026
PossessionNegotiable
ZoningR-CG
TitleFee Simple
RestrictionsSee Remarks
NeighbourhoodMillrise
List AORCalgary

Location

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About Millrise

AI-generated summary

Millrise is a quiet, established suburban community in southwest Calgary known for its family-friendly streets, mature landscaping, and relaxed residential atmosphere.

Adjacent to Fish Creek Provincial Park, one of Canada's largest urban parks
Millrise CTrain station provides direct LRT service to downtown
Established in the early 1990s as part of southwest Calgary's expansion
Housing
Housing stock is primarily single-family detached homes and townhouses built largely in the 1990s, with some semi-detached and low-rise condo options.
Transit
Millrise is served by the Millrise CTrain station on the Somerset-Bridlewood line, offering convenient LRT access to downtown Calgary.
Amenities
Residents enjoy nearby shopping at Shawnessy Town Centre, Fish Creek Provincial Park for outdoor recreation, and a variety of restaurants and services along Macleod Trail.
Who lives here
The community attracts families, long-term homeowners, and commuters who value quick transit access and proximity to Fish Creek Park.
Full Millrise 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: Royal LePage Benchmark — Maxine Morrison.