Commercial
>
Varsity
>
Commercial Real Estate

Varsity Commercial Real Estate Listings

Find Varsity 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 Varsity.

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

NEW Commercial Real Estate Listing Alerts!

Ready to Invest?

Schedule a consultation with our commercial real estate specialists.

Schedule a Meeting

Free Property Evaluation

Get an accurate valuation of your commercial property.

Request Evaluation

FEATURED LISTINGS

Check back for featured listings in Varsity.

Commercial Real Estate Information May 6, 2026

View Detailed Varsity Real Estate Statistics

Varsity 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 Varsity area.

Varsity Multi-Unit Commercial Real Estate

Varsity Community Overview

Find answers to the most common questions about Varsity, an established family-friendly neighbourhood in northwest Calgary known for its spacious homes, excellent schools, and strong community spirit.

Where is Varsity located in Calgary?

Varsity is an established neighbourhood in the northwest quadrant of Calgary located on a plateau north of the Bow River valley. It is bounded on the north and east by Crowchild Trail, on the west by the Bow River, and on the south by 32nd Avenue NW. The neighbourhood borders Silver Springs and Bowness on the west side, and Montgomery and the University of Calgary campus on the south side.

What are the different areas of Varsity?

Varsity comprises three major areas: Varsity Acres, Varsity Village, and Varsity Estates. The neighbourhood was primarily developed in the 1960s and early 1970s and is mainly composed of single-detached dwellings on wide lots. The easternmost portion contains the University of Calgary Research Park.

What types of homes are available in Varsity?

Varsity is primarily composed of single-detached dwellings on wide lots, reflecting its development era of the 1960s and 1970s. The neighbourhood also includes some townhomes and low-rise condominium apartments, particularly along the major thoroughfares. Varsity Estates features larger executive homes on premium lots, many backing onto the Bow River valley or the golf course.

What is the Varsity Community Association?

The Varsity Community Association (VCA) is a non-profit organization registered under the Societies Act of Alberta and a charity registered with the Canada Revenue Agency. Led by a volunteer Board of Directors and professional staff, the association offers programs, activities, and civic engagement for its residents and members. Their mission is "Enhancing and Enriching the Quality of Community for Varsity Residents."

What facilities does the Varsity Community Association offer?

Located at 4303 Varsity Drive NW, the Varsity Community Centre offers:

Banquet and event space
Meeting rooms
Hall rentals for private functions
One of Calgary's largest out-of-school childcare programs
Preschool and before-and-after school care

On the grounds, residents enjoy a 3/4 NHL-size ice rink, a pleasure skating rink, basketball nets, four tennis courts, and a large community garden.

What programs does the Varsity Community Association offer?

The VCA offers a wide range of programs for all ages:

Children's Programs: Children's Art Classes (ages 5-12), Grassroots Soccer through South West Chinook Soccer Association, and Sportball multi-sport programs (ages 16 months to 5 years).

Adult Programs (18+): Gentle Hatha Yoga, Human Reformer Pilates, Tai Chi (Beginner and Intermediate), and Qi Gong Fusion Fitness.

Senior Programs (55+): Cardio Combo, Senior Fit, and Silver Swans Ballet Fitness.

Outdoor Recreation: Outdoor hockey rink, pleasure skating rink, and tennis courts (open May-October).

What schools are in Varsity?

Varsity is home to several excellent schools within the Calgary Board of Education:

Varsity Acres School (K-6)
Marion Carson School (K-6)
F.E. Osborne School (7-9)
Nearby high schools include Sir Winston Churchill High School
St. Luke School (K-9) – Calgary Catholic School District

The neighbourhood also provides convenient access to the University of Calgary.

What parks and green spaces are in Varsity?

Varsity features several parks and green spaces:

Varsity Community Garden – Located at the community centre, offering garden plots for residents
Varsity Park – Neighbourhood park with walking paths
Dalhousie Park – Adjacent green space with sports fields
Bow River Pathway System – Accessible via the western edge of Varsity
Edworthy Park – Located south across the river

What shopping is near Varsity?

Varsity offers convenient access to several shopping centres:

Market Mall – Calgary's premier shopping destination, located nearby
Northland Village Mall – Additional retail options
Varsity Plaza – Local shops and services along Crowchild Trail
Brentwood Village – Grocery stores, banks, and restaurants

What are the transportation options in Varsity?

Varsity is well-connected by major roads and transit:

Crowchild Trail – Provides quick access to downtown and the University of Calgary
Shaganappi Trail – Connects to the northwest communities and Stoney Trail
Brentwood LRT Station – Located on the Red Line at the northeast edge of Varsity
University LRT Station – Also accessible
Multiple bus routes – Serve the area with connections to the LRT system

How can I contact the Varsity Community Association?

The Varsity Community Association can be reached at:

Address: 4303 Varsity Drive NW, Calgary, AB T3A 0Z7
Phone: 403-288-9001
Fax: 403-247-3100
Email: info@vcacalgary.com
Website: varsitycommunityassociation.ca
General Manager: Doug Smith, gm@vcacalgary.com

What is the demographic profile of Varsity?

Varsity has a population of approximately 12,158 residents. The average household income is $58,603. The neighbourhood has a mix of established families, professionals, and University of Calgary faculty and staff. Varsity is part of Ward 1, represented by Councillor Sonya Sharp.

Is Varsity a good place for families?

Yes, Varsity is an excellent choice for families. The neighbourhood features several highly-rated public and Catholic schools, spacious homes on wide lots, numerous parks and playgrounds, the Varsity Community Centre with year-round programs, and the Varsity Community Garden. Its central location provides easy access to the University of Calgary and downtown.

Is Varsity dog-friendly?

Yes, Varsity is a dog-friendly community. The neighbourhood features numerous parks and green spaces, wide tree-lined streets perfect for walking, and easy access to the Bow River Pathway system, which offers scenic routes along the river. Many homes have spacious yards suitable for pets.

When was Varsity established?

Varsity was established in 1963 and developed primarily in the 1960s and early 1970s. It is one of Calgary's established northwest communities, known for its mature trees, wide lots, and stable property values. The Varsity Community Association was registered as a charity with the CRA on September 1, 1975.

Retail Commercial Real Estate

Retail properties in Varsity 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.

View Retail Listings

Frequently Asked Questions About Varsity Commercial Real Estate

What types of commercial properties are available in Varsity? +

Varsity 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 Varsity? +

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 Varsity commercial transactions and help you prepare a strong application package.

What is the current commercial vacancy rate in Varsity? +

Commercial vacancy rates vary by property type and specific location within Varsity. 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 Varsity 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 Varsity. 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.