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8812 46 Avenue NW
Positioned on a flat 50 x 120 RC-G zoned lot in one of Calgary’s most rapidly evolving northwest communities, this property presents an exceptional opportunity for redevelopment, investment, or future land assembly. Located directly across from green space and Belvedere Parkway School and just minutes from the Bow River, Bowness Park, pathways, and everyday amenities, the location offers the lifestyle features today’s buyers and future residents are actively seeking. The existing home offers immediate holding value while long term plans take shape, but the true opportunity lies in the land itself. With desirable RC-G zoning and a level lot measuring approximately 6,000 square feet, this property may lend itself to a variety of future development possibilities, subject to City of Calgary approval and permitting requirements. Whether you're a builder, developer, investor, or buyer looking to secure a premium piece of land in an established neighbourhood, opportunities like this are becoming increasingly difficult to find. Enjoy a highly walkable location close to Bowness Park, the Bow River pathway system, schools, playgrounds, and major transportation routes, with quick access to downtown, Canada Olympic Park, the University of Calgary, and the mountains beyond. Bowness continues to see significant reinvestment and redevelopment, making it one of Calgary's most compelling inner city growth communities. An outstanding opportunity to acquire a large, well located RC-G lot in a mature neighbourhood where redevelopment activity continues to reshape the streetscape. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 14.50 Ft x 14.67 Ft | |
| Recreational, Games room | 14.33 Ft x 17.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | 4.33 Ft x 4.58 Ft | |
| 4pc Bathroom | 7.75 Ft x 4.92 Ft | |
| Bedroom | 9.42 Ft x 11.92 Ft | |
| Dining room | 15.75 Ft x 13.25 Ft | |
| Kitchen | 11.50 Ft x 19.58 Ft | |
| Living room | 11.50 Ft x 15.75 Ft | |
| Office | 13.67 Ft x 7.83 Ft | |
| Pantry | 3.08 Ft x 4.83 Ft | |
| Primary Bedroom | 15.67 Ft x 16.17 Ft |
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
-1.14%
Cap rate
4.64%
GRM
13.9
Break-even rent
$3,875
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.
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 Jun 12, 2026.
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