Residentiae.
For Sale · Calgary

240, 500 Royal Oak Drive NW

Calgary · T3G5J7

$2,425,000

Bedrooms
Bathrooms
Parking
4,626Sq Ft

About this residence

An outstanding opportunity to acquire units 9 ($1,600,000) and/or 10 ($825,000) in a fully leased retail plaza at 500 Royal Oak Drive NW, a prominent and high-traffic location in northwest Calgary. Strategically situated on a corner lot with excellent exposure and convenient access, this modern retail centre benefits from strong visibility in one of Calgary’s most established suburban trade areas. Unit 9 has a long term tenant in place and Unit 10 is vacant. The property hosts a diverse mix of stable, long-standing tenants across health, service, and lifestyle sectors, offering investors consistent income and zero vacancy. Constructed in 2014, the building features quality construction, ample surface parking, and attractive curb appeal—positioning it for longterm value and low-maintenance ownership.Zoned C-COR2, the site is surrounded by a blend of residential communities, major retail anchors, and key transit routes, ensuring continued foot traffic, tenant demand, and potential future redevelopment upside.A rare chance to secure a turn-key investment with strong cash flow, excellent tenant covenant, and a presence in one of northwest Calgary’s most active retail nodes. (id:61366)

Property details

Property type
Business
Style
Retail
Living area
4,626 sq ft
Year built
2014
Annual tax
$52,388
MLS®
A2269685
Board
Calgary
Status
Active
Listed
Nov 27, 2025
Updated
May 4, 2026

Financing

Mortgage calculator

Estimated monthly payment

$11,341/mo

Amortization

Loan amount

$1,940,000

Down payment

$485,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Calgary

About the area

Census · T3G
57,196
Population
42
Median age
$112,000
Median income
$492,000
Median home value
83%
Home ownership
28 min
Avg. commute

Age distribution

0–14
17%
15–24
13%
25–44
25%
45–64
30%
65+
15%

Tenure

83% owners17% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 240, 500 Royal Oak Drive NW?

240, 500 Royal Oak Drive NW is listed for $2,425,000, in Calgary.

What type of home is 240, 500 Royal Oak Drive NW?

240, 500 Royal Oak Drive NW is a Business, Retail, built in 2014.

How large is 240, 500 Royal Oak Drive NW?

The home offers approximately 4,626 sq ft of living space.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $11,341. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $52,388 per year.

What is the Calgary area like?

Calgary has a population of about 57,196, a median age of 42, a 83% home-ownership rate, with an average commute of about 28 minutes.

What is the average home value in Calgary?

The median dwelling value in this area is approximately $492,000, based on census data via Neighbourly.

What is the median household income in Calgary?

The median household income in this area is approximately $112,000.

Private viewings

Arrange a private viewing of 240, 500 Royal Oak Drive NW.

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