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Commercial Real Estate

Elboya Commercial Real Estate Listings

Find Elboya commercial real estate listings for sale or lease. Our commercial real estate specialists help investors and business owners find the perfect retail spaces, office buildings, and multi-unit properties in Elboya.

From location selection to appraisals to property management, your commercial real estate agent will help you make informed decisions about Elboya commercial properties.

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FEATURED LISTINGS

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Commercial Real Estate Information May 6, 2026

View Detailed Elboya Real Estate Statistics

Elboya Commercial Real Estate Information

Our Commercial Real Estate Practitioners expertly represent all aspects of commercial investments, for both acquisitions and dispositions. We work with large investment groups, REITs, and individual investors to provide comprehensive market knowledge, financing strategies, and investment opportunities in the Elboya area.

Elboya Multi-Unit Commercial Real Estate

Elboya Community Overview

Find answers to the most common questions about Elboya, an established inner-city neighbourhood in southwest Calgary known for its prestigious location, stunning river valley views, and close proximity to downtown.

Where is Elboya located in Calgary?

Elboya is a residential neighbourhood in the southwest quadrant of Calgary. It is bounded by the Elbow River to the north, 4th Street SW and Macleod Trail to the east, 50 Avenue S to the south, and Elbow Drive to the west. Stanley Park borders the community to the northeast, offering direct access to river pathways and green space.

When was Elboya established?

The area was annexed to the City of Calgary in 1910 and was established as a neighbourhood in 1947, when most of the development occurred. It is one of Calgary's oldest and most established inner-city communities.

What types of homes are available in Elboya?

Elboya features a mix of single-family detached homes and condominiums. The streets are lined with gorgeous mature trees, with homes ranging from mid-century character properties to modern luxury builds. Along the perimeter, you will find various apartment buildings and commercial businesses, making it a uniquely diverse place to live.

What is the average home price in Elboya?

Elboya is one of Calgary's most prestigious and expensive neighbourhoods. The average home price is approximately $1,723,200, which is 265% above the regional average of $651,100. The median sold price for a detached home is approximately $2,287,750. The average price per square foot is $919, nearly double the Calgary average of $461.

What schools serve the Elboya area?

Elboya is home to the well-regarded Elboya School, serving grades K-9 with a renowned French Immersion program. The community also has St. Anthony Catholic School. For older students, nearby Western Canada High School is one of Calgary's top secondary schools, offering International Baccalaureate (IB) and French Immersion programs.

What parks and recreational amenities are in Elboya?

Stanley Park borders the community to the northeast, offering an outdoor pool, lawn bowling, baseball diamonds, tennis courts, sports fields, and a public boat launch for the Elbow River. The Elbow River pathways connect cyclists and pedestrians to Calgary's vast network of multi-use pathways.

What shopping and amenities are near Elboya?

Elboya is strategically positioned near Chinook Centre, one of Calgary's largest high-end shopping malls, featuring an array of shopping, dining, and entertainment options. Residents are also close to the 4th Street Mission commercial strip, which offers upscale restaurants, boutique coffee shops, and galleries. The Britannia Plaza shopping area is also nearby.

What are the transportation options in Elboya?

Elboya provides easy access to two main Calgary roads: Macleod Trail SW and Elbow Drive SW, ensuring a short drive into downtown Calgary. The 39 Avenue S LRT station is nearby, and buses regularly run down Elbow Drive. Cycling downtown is also easy via paths along the Elbow River.

Is Elboya a good place for families?

Yes, Elboya is highly sought-after by families. Top reasons include the excellent Elboya School (K-9 French Immersion), proximity to Western Canada High School, walkable access to Stanley Park and its amenities, quiet tree-lined streets, and a strong community association that shares services with neighbouring Britannia.

What is the demographic profile of Elboya?

Elboya has a population of approximately 1,088 residents. The average household income is $288,631, significantly above the Calgary average. Most dwellings are owned (60% owners, 40% renters), and single-family households make up 63% of the community. The largest age groups are 0-19 (22%), 35-49 (21%), and 50-64 (21%). English is the mother tongue for 85% of residents.

How does Elboya compare to other Calgary communities?

Elboya is considered one of Calgary's premier inner-city communities, often compared to neighbouring Britannia, Rideau Park, and Meadowlark Park. Its defining features are its elevated ridge lots offering downtown and river valley views, its proximity to Stanley Park, its excellent school catchment (Elboya School and Western Canada High), and its convenience to both Chinook Centre and downtown.

Is Elboya a walkable neighbourhood?

Yes, Elboya is very walkable for many daily errands. Residents can easily walk to Stanley Park, Elbow Drive, 4th Street, and Macleod Trail for shopping and services. The community features wide sidewalks, mature trees, and direct pathway access along the Elbow River.

What is the crime rate in Elboya?

According to Calgary Police Service data, the crime rate in Elboya has shown a consistent downward trend, from 4.1 per 100 residents in 2018 to 1.8 per 100 residents in 2023.

Retail Commercial Real Estate

Retail properties in Elboya range from individual shops to large shopping centers. Retail spaces offer excellent visibility and customer traffic, with opportunities for stand-alone buildings or multi-tenant locations.

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Frequently Asked Questions About Elboya Commercial Real Estate

What types of commercial properties are available in Elboya? +

Elboya offers a diverse range of commercial real estate including retail storefronts, office buildings, industrial warehouses, multi-unit residential revenue properties, mixed-use developments, and land for commercial development. Our inventory includes both for-sale and lease options to accommodate various business needs and investment strategies.

How do I finance a commercial real estate purchase in Elboya? +

Commercial real estate financing differs from residential mortgages. Options include traditional bank loans (typically requiring 20-30% down), CMHC commercial loans, private lending, and vendor take-back financing. Our commercial specialists can connect you with lenders experienced in Elboya commercial transactions and help you prepare a strong application package.

What is the current commercial vacancy rate in Elboya? +

Commercial vacancy rates vary by property type and specific location within Elboya. Generally, retail spaces see 5-8% vacancy, office spaces 8-12%, and industrial spaces 3-6%. Our team provides current market absorption rates and vacancy statistics to help you make informed investment decisions. Contact us for the most recent quarterly commercial market report.

How long does it typically take to lease commercial space? +

Leasing commercial space in Elboya typically takes 2-6 months from initial search to signed lease, depending on market conditions, property type, and negotiation complexity. Allow additional time for tenant improvements and permitting. Our commercial agents streamline this process by identifying suitable properties and negotiating favorable lease terms.

Do I need a commercial real estate agent to buy or lease property? +

While not legally required, working with a commercial real estate professional is highly recommended. Our agents provide access to off-market properties, accurate comparable sales data, lease negotiation expertise, and insight into zoning and development regulations specific to Elboya. Best of all, tenant and buyer representation is typically at no cost to you — the landlord or seller pays the commission.

What due diligence should I perform before buying commercial real estate? +

Key due diligence steps include: property condition assessment (building inspection), environmental site assessment, zoning verification, title search, review of existing leases (for income properties), financial analysis of operating costs, and appraisal. Our commercial team coordinates these investigations and helps you interpret findings to mitigate risk.