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254028 Bearspaw Road
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Beds
—
Baths
—
Sqft
11,730
Year
2004
Type
Business
On market
91d
An iconic Bearspaw landmark, now home to Flores & Pine, is one of Rocky View County’s most recognized dining destinations. Formerly The Bears Den, this remarkable 11,000 sq ft property has evolved into a refined yet welcoming culinary experience just minutes west of Calgary. Set on 2.41 professionally landscaped acres, unique also due to its being the only parcel in the surrounding area with DC zoning for a restaurant with restrictive covenants on adjacent lots. Flores & Pine is known for its wood-fired cuisine, carefully curated wine program, and modern rustic design that reflects the natural beauty of Bearspaw. The restaurant was recognized in the Calgary Readers’ Choice Awards as a 2025/26 Bronze Winner for Favourite Hidden Gem Restaurant, reflecting strong community support and its reputation within the regional dining scene. A defining feature of the property is the original artwork by acclaimed Canadian artist Trevor Duvall. His large-scale commissioned pieces have become synonymous with the space and contribute meaningful artistic and monetary value. The presence of his art adds a distinctive cultural dimension to the property. Multiple flexible dining spaces (including a 3-season room) provide opportunity for private events, celebrations, and daily service — all within a turnkey hospitality operation. This is more than a restaurant — it represents a landmark investment opportunity in one of Rocky View County’s most sought-after locations. Please contact us directly for a private viewing and full details. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.16%
Cap rate
3.63%
GRM
16.7
Break-even rent
$34,049
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 20, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Rocky View County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.