Shovel-Ready Multi-Family Development Opportunity in Bowness!
A rare and exceptional opportunity to acquire a full-sized 50' x 120' R-CG zoned lot in the highly sought-after community of Bowness.
This prime inner-city development site comes complete with a fully approved Development Permit for a thoughtfully designed 4-plex, each unit featuring a legal basement suite — totaling 8 income-generating units.
This project is ideal for a CMHC - backed rental investment or a stratified build, offering the potential to sell individual units, each with its own secondary suite.
With the development permit in hand, you can bypass lengthy approval timelines — just pull the building permit and start construction right away. SELLER CAN BUILT THE PROJECT AND OFFER IT AS A TURNKEY SOLUTION FOR INVESTORS.
Opportunities like this don’t come often. Don’t miss your chance to capitalize on this multi-family project in one of Calgary’s most desirable redevelopment areas perfect for Developers, Builders, or long - term investors.
Data was last updated August 21, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$709,450
Min list price:
$170,000
Max list price:
$1,775,000
Avg days on market:
41
Min days on market:
2
Max days on market:
282
Avg price per sq.ft.:
$577.25
These statistics are generated based on the current listing's property type
and located in
Bowness. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.