For Sale · Calgary · Single Family

$2,999,000

8539 48 Avenue NW, Calgary

Beds

2 (1 half)

Baths

1,500

Sq Ft

1929

Built

About This Home

The details.

Exceptional redevelopment opportunity in the heart of Bowness. Prime multi-family development site. Large corner parcel with strong redevelopment potential for a 5-storey apartment building. Located steps from Bowness Park, the Bow River pathway system, transit, shopping, and major commuter routes. A rare opportunity in a high-demand infill location. (id:66635)

Summarizing the highlights...

MLS® A2327565Listing courtesy of eXp RealtyView on map Street view

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1929
Size: 1,500 sqft
Lot size: 1,671 square meters
Storeys: 2
Parking: 2 spaces
Listed on: 2026-07-08
Days on market: 7
MLS number: A2327565
Data source: Calgary Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Juliana Miu
VP Investor Management
Commercial, Residential, Investment Properties
Profile 604.889.5007

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$14,025

$2,399,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$14,025

Cash flow

-$14,025

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Calgary right now

3,762

Active listings

3,805

New this week

$280,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Calgary.

Household and demographic stats for Calgary, from the Statistics Canada 2021 Census.

1,306,784
Population (2021): 38
Median age: 502,305
Households: 2.6
Avg household size: 68.8%
Home ownership: $98,000
Median household income

Calgary market trends

Source: Statistics Canada 2021 Census, Calgary, City, Alberta.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

Belvedere Parkway School
public · elementary
350 m
Bowness High School
public · secondary
820 m
Start Outreach
public · secondary
900 m
Discovering Choices 2
public · secondary
900 m
National Sport School
public · secondary
1.5 km
Bowcroft School
public · elementary
1.5 km

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Public Records

What the city has on file.

Independent reference data for this property from the City of Calgary assessment roll (2026 assessment).

1929
Year built (city records): MU-2
Zoning district: LI
Ownership class

Assessed values are the municipal tax assessment, not a market appraisal. Contains information licensed under the Open Government Licence, City of Vancouver.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.