1-8, 4523 73 Street NW

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$2,450,000

1-8, 4523 73 Street NW

Bowness, Calgary · MLS® A2328567

80,729 sq ft · 1,045 m² lot · House · Multi-family · built 1974 · 104 days on market

listed by Parker Xiong, Homecare Realty Ltd.

realtor's description

Welcome to this 8 unit bi-level multi-family building for sell, an exceptional investment opportunity in the heart of Bowness, one of Calgary's fastest-transforming inner-city communities. Surrounded by newly developed multi-family projects, this well-maintained property offers excellent holding income today with outstanding redevelopment potential for the future.Situated on a 75' x 150' M-C1 zoned lot, the building features 8 rental units, including 2 three-bedroom units, 4 two-bedroom units, and 2 one-bedroom units, along with 8 rear parking stalls. The property generates strong cash flow, making it an ideal long-term investment while you benefit from future land appreciation and redevelopment opportunities.Conveniently located within walking distance to schools, shopping, parks, and everyday amenities. Enjoy being just 10 minutes from WinSport, Farmer's Market, Bowness Park, and a wide variety of major retail and dining destinations, while downtown Calgary is only a 15-minute drive away.Whether you're an investor looking for stable income, a developer seeking your next project, or a buyer wanting to secure land in a rapidly evolving neighbourhood, this is an opportunity you won't want to miss.

property details

type: House, Multi-family
living area: 80,729 sq ft
lot: 1,045 m²
parking: 8
year built: 1974
property tax: $11,969 / yr
days on market: 104
MLS®: A2328567

property tax

about $16,292 a year

The asking price times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $11,969 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$11,672/mo

Mortgage $10,674 · Tax $997

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$10,674/ monthly

loan $1,960,000

25-year amortization

down payment20% · $490,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,242,325
land title fees: $4,510; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $494,510; down + land title fees
total paid: $3,202,325

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.