For Sale · Calgary · Single Family

$2,725,000

7136 Bow Crescent NW, Calgary

Beds

3 (1 half)

Baths

1,564

Sq Ft

1920

Built

About This Home

The details.

RARE BOW RIVER WATERFRONT DEVELOPMENT OPPORTUNITY. Situated on an extraordinary pie-shaped parcel with 200 feet of Bow River shore access and 98 feet of frontage, this is a truly unique opportunity for developers, investors, or those seeking an unmatched estate property. The property can be legally subdivided into three separate lots, with the southernmost lot already conditionally approved for subdivision, creating immediate development potential and reducing future timelines.Whether you're looking to build a signature riverfront estate, create a multi-lot luxury development, or secure a long-term holding property with significant upside, opportunities of this caliber are exceptionally rare. Build your dream home on one lot while living in or generating income from the extensively renovated executive-style raised bungalow next door.The existing residence has undergone substantial upgrades and improvements, offering outstanding value as a holding property. Soaring 16-foot vaulted ceilings, dramatic wall-to-wall windows, and panoramic river views create a true "escape to nature" experience while remaining connected to city amenities.Major updates include triple-pane windows, fibre cement siding with real stone masonry, composite decking with cable railings, air conditioning, updated water and sewer lines, PEX plumbing, a 200-amp electrical service, sump pump, sewer backup prevention valve, and two high-efficiency furnaces. The chef-inspired kitchen features premium Miele appliances under warranty until 2029, custom soft-close cabinetry, quartz countertops with waterfall edge and a walk-in working pantry. Additional highlights include Acacia engineered hardwood flooring, spa-inspired bathrooms, a legal basement bedroom, commercial-grade LVP flooring, and an oversized detached garage.For added peace of mind, the property has been pre-inspected (May 2026) and includes an updated RPR (2026).A rare chance to acquire a premier riverfront property offering immedia te enjoyment, rental potential, and exceptional future development opportunities along one of Calgary's most sought-after natural corridors. Restrictive covenant on title is in the process of being removed. (id:66635)

Summarizing the highlights...

MLS® A2313639Listing courtesy of RE/MAX House of Real EstateView on map Street view

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1920
Size: 1,564 sqft
Lot size: 3,545 square meters
Storeys: 1
Parking: 5 spaces
Listed on: 2026-05-21
Days on market: 55
MLS number: A2313639
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

$12,744

$2,180,000 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)

$12,744

Cash flow

-$12,744

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

Calgary right now

3,596

Active listings

3,638

New this week

$285,000

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.

Bowness High School
public · secondary
700 m
Thomas B Riley School
public · elementary
940 m
Bowcroft School
public · elementary
960 m
Discovering Choices 2
public · secondary
1.1 km
Start Outreach
public · secondary
1.1 km
Silver Springs School
public · elementary
1.1 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).

1920
Year built (city records): R-CG
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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Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

Price on request / month
4744 Bowness Road, Calgary
3 bed · 4 bath · 1,961 sqft

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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.