Kari Howell

403-827-1240

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4632 85 Street NW
Bowness Calgary T3P 2R7

$2,850,000
Multi-Family 6,178 sq. ft. built: 2026

Main Photo: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
Photo 1: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
Photo 2: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
Photo 3: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2353668
Year Built:
2026
BRAND-NEW 8-UNIT MULTIFAMILY INVESTMENT PROPERTY IN BOWNESS, CALGARY! Eight self-contained residential units, four legal basement suites, over 7,400 sq. ft. of combined living space, and a projected 5.32% cap rate make this purpose-built fourplex a compelling opportunity for investors seeking Calgary rental income property. Designed for long-term rental appeal, the property features four spacious above-grade residences, each offering approximately 1,200+ sq. ft. of bright, modern living space. Open-concept layouts, large windows, contemporary finishes, and functional floor plans create attractive homes for a range of tenants. Complementing the main residences are four fully legal basement suites of approximately 620 sq. ft. each, with separate private entrances and thoughtfully planned interiors. This efficient eight-unit configuration creates multiple potential income streams within a single investment property. Located in northwest Calgary's established Bowness community, the property offers convenient access to the Bow River, Bowness Park, WinSport's Canada Olympic Park, major commuter routes, shopping, restaurants, and downtown Calgary. Bowness combines mature neighbourhood character with ongoing infill development, offering an appealing setting for a modern multifamily rental property. As new construction, the building features contemporary architecture, modern building systems, and durable exterior materials, with the potential for lower near-term maintenance compared with older rental properties. Separate suite entrances and an efficient unit mix support flexible leasing and practical long-term management. The investment pro forma indicates a projected 5.32% capitalization rate and 1.17 debt service coverage ratio (DSCR). A detailed pro forma outlining projected rental income, operating expenses, and assumptions is available for review. The property may also qualify for CMHC MLI Select financing, subject to program requirements, lender underwriting, and CMHC approval. Whether you are expanding an existing rental portfolio or searching for a new-construction eight-unit multifamily property for sale in Calgary, this Bowness fourplex offers a distinctive combination of residential density, modern design, and long-term income potential. Request the complete investment package and financial analysis today. All figures are projections, not guaranteed returns. Buyers should independently verify measurements, legal suite status, rental assumptions, operating expenses, financing eligibility, and investment performance.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Total Living Area:
6,178 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:
Nov 12, 2026
Days on Mkt:
  • Photo 1: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
    Photo 1 of 3
  • Photo 2: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
    Photo 2 of 3
  • Photo 3: 4632 85 Street NW in Calgary: Bowness 4 plex for sale : MLS®# A2353668
    Photo 3 of 3
Listed by Real Broker
Data was last updated November 14, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$2,849,500
Min list price:
$795,000
Max list price:
$3,995,000
Avg days on market:
51
Min days on market:
2
Max days on market:
484
Avg price per sq.ft.:
$585.22
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.

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