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Bowness Homes and Condos For Sale

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4632 85 Street NW
Bowness Calgary T3P 2R7

$2,850,000
Multi-Family 5,004 sq. ft. built: 2026

Main Photo: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
Photo 1: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
Photo 2: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
Photo 3: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2303959
Year Built:
2026
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 Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
5,004 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,178 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
2026 (Age: 0)
Bathrooms:
- (Full:-, Half:-)
Plan:
2660AP
New Constr.:
Yes
Structure Type:
Four Plex
Ensuite:
No
Garage:
No
Parking Places:
4
Parking Total/Covered:
4 / -
Northwest
Bowness
Dishwasher, Dryer, Electric Stove, Garage Control(s), Gas Stove, Microwave, Microwave Hood Fan, Refrigerator, Washer
None
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Apr 27, 2026
Days on Mkt:
  • Photo 1: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
    Photo 1 of 3
  • Photo 2: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
    Photo 2 of 3
  • Photo 3: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2303959
    Photo 3 of 3
Listed by Real Broker
Data was last updated October 22, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$2,900,000
Min list price:
$975,000
Max list price:
$12,499,999
Avg days on market:
51
Min days on market:
4
Max days on market:
461
Avg price per sq.ft.:
$602.66
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations. This data is not produced by the MLS® system.
NEVIN VAN NEST
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