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3140, 5850 88 Avenue NE
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Phenomenal Business Opportunity in the Heart of Savanna! Rarely does an established, profitable salon become available in one of NE Calgary’s most vibrant and rapidly growing communities. Spanning 1,100 sq. ft. of modern, thoughtfully designed space, this salon has been a staple of the Savanna community for the last 4 years, building a loyal clientele and a reputation for excellence. This is a true turnkey operation, perfect for an entrepreneur looking to step into a successful business from day one. The space is bright, spacious, and professionally built-out to maximize both stylist efficiency and client comfort. Situated in a high-traffic area with excellent visibility and ample parking, the location benefits from the dense residential surroundings and nearby commercial amenities. Highlights: Prime Location: Located in the high-demand Savanna community. Proven Track Record: Successfully operating and profitable for 4+ years. Size: 1,100 sq. ft. of premium commercial build-out. Versatility: Ideal for hair, aesthetics, or a full-service medi-spa transition. Don’t miss your chance to own a thriving business in a prime NE location. Book your private tour today! (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).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 22, 2026.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.