Varsity Estates Commercial Real Estate Listings
Find Varsity Estates 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 Estates.
From location selection to appraisals to property management, your commercial real estate agent will help you make informed decisions about Varsity Estates commercial properties.
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Varsity Estates 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 Estates area.
Varsity Estates Multi-Unit Commercial Real Estate
Varsity Estates Community Overview
Find answers to the most common questions about Varsity Estates, the most prestigious enclave within Varsity, known for its golf course views, executive homes, and prime northwest Calgary location.
Varsity Estates is the western section of the larger Varsity community in northwest Calgary. It is bounded by Crowchild Trail to the east, the Bow River to the west, and lies adjacent to the Silver Springs Golf and Country Club to the north and the Bowmont Natural Park along the river valley. The neighbourhood is within Ward 1, represented by Councillor Sonya Sharp.
Varsity Estates is widely regarded as one of Calgary's most established and sought-after communities. It features mature tree-lined streets, expansive lots, and is almost entirely made up of single-detached dwellings without rear lanes. Much of the neighbourhood lies adjacent to the Silver Springs Golf and Country Club or the Bowmont Natural Park, offering stunning views and direct access to green spaces and the Bow River pathway system.
Varsity Estates is one of Calgary's premier luxury neighbourhoods, featuring executive single-family homes on oversized lots. Properties range from original 1970s-era custom builds to modern luxury infills. Many homes back directly onto the golf course or the Bow River valley, offering walkout basement configurations and panoramic views. A recent example is 636 Varsity Estates Crescent NW, a 4-bedroom, 4-bathroom home with a triple car garage, built in 1977, listed at $1,899,000, backing directly onto the golf course.
There are also condominium and townhome options in the broader Varsity area, including units with maintenance-free living, fitness centres, and rooftop terraces.
Homes in Varsity Estates typically range from the high $800,000s to over $2 million, with golf course frontage properties commanding premium prices. The average household income in the broader Varsity area is approximately $58,603, though Varsity Estates residents typically have significantly higher incomes. A prime golf course lot home is currently listed at $1,899,000, while a 2-bedroom condominium in a modern building is listed at $479,700, offering more accessible entry points to the neighbourhood.
Varsity Estates is served by several highly-regarded schools within the Calgary Board of Education:
- Varsity Acres School – Bilingual French Immersion elementary school (K-5). Note that due to enrolment growth, effective the 2025-26 school year, some French Immersion students from new communities will be re-designated to Banff Trail School.
- Marion Carson School – English elementary program (K-6).
- F.E. Osborne School – Junior high (7-9).
- Sir Winston Churchill High School – Senior high (10-12).
- St. Luke School (K-9) – Calgary Catholic School District option.
Varsity Estates offers exceptional access to parks and natural areas:
- Bowmont Natural Park – A large natural environment park along the Bow River with extensive walking and cycling trails.
- Bow River Pathway System – Direct access to Calgary's riverside pathway network.
- Silver Springs Golf and Country Club – Private 18-hole golf course adjacent to the neighbourhood.
- Varsity Estates Park – Neighbourhood green space with playground and sports fields.
- Nose Hill Park – One of Canada's largest urban parks, located a short drive north.
Varsity Estates residents enjoy convenient access to several shopping destinations:
- Market Mall – Major shopping centre with over 200 stores, including Banana Republic, Old Navy, Swarovski, and Winners.
- Northland Village Mall – Additional shopping and dining options.
- Dalhousie Station – Local shopping plaza with grocery stores, banks, and restaurants.
- Varsity Plaza – Convenient retail along Crowchild Trail.
- An on-site medical centre with pharmacy and walk-in clinic is available in the area.
Varsity Estates is exceptionally well-connected for commuters:
- Dalhousie LRT Station – Located at the edge of Varsity, providing direct C-Train access to downtown, SAIT, and the University of Calgary. The City has proposed a transit-oriented development in the area adjacent to Varsity Estates.
- Multiple Bus Routes – Serve the area with connections to the LRT system.
- Crowchild Trail – Provides quick access to downtown and the University of Calgary.
- Shaganappi Trail – Connects to Stoney Trail and the broader ring road network.
- Commute to Downtown – Approximately 15-20 minutes by car or 20-25 minutes by LRT.
Yes, Varsity Estates is an excellent community for families. It offers highly-rated schools (both public and Catholic), spacious homes with large yards, tree-lined streets and a safe, established neighbourhood feel, proximity to the University of Calgary, parks and playgrounds including the Bowmont Natural Park, and access to the Silver Springs Golf and Country Club.
Yes, Varsity Estates is a very dog-friendly community. The Bow River pathway system and Bowmont Natural Park offer extensive off-leash areas and scenic trails for dog walking. The neighbourhood's wide, tree-lined streets are perfect for daily walks, and many homes feature large, fenced yards suitable for pets.
The Varsity Community Association (VCA) serves all areas of Varsity, including Varsity Estates. Located at 4303 Varsity Drive NW, the association offers:
- One of Calgary's largest out-of-school childcare programs
- Preschool and before-and-after school care
- Adult fitness programs including Yoga, Pilates, and Tai Chi
- Senior fitness classes (Cardio Combo, Senior Fit, Silver Swans Ballet Fitness)
- Children's art classes and Sportball programs
- Hall and banquet rentals for private events
On the grounds, residents enjoy a 3/4 NHL-size ice rink, pleasure skating rink, basketball nets, four tennis courts, and a large community garden.
Varsity, including Varsity Estates, was established in 1963 and developed primarily in the 1960s and 1970s. Varsity Estates represents the most prestigious section of the community, with homes built throughout this period. The Varsity Community Association was registered as a charity with the CRA on September 1, 1975.
Retail Commercial Real Estate
Retail properties in Varsity Estates 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.
Frequently Asked Questions About Varsity Estates Commercial Real Estate
Varsity Estates 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.
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 Estates commercial transactions and help you prepare a strong application package.
Commercial vacancy rates vary by property type and specific location within Varsity Estates. 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.
Leasing commercial space in Varsity Estates 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.
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 Estates. Best of all, tenant and buyer representation is typically at no cost to you — the landlord or seller pays the commission.
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.
NEARBY COMMUNITIES
- Ambleridge
- Ambleton
- Arbour Lake
- Arbour Lake West
- Beacon Heights
- Bearspaw
- Bluesky
- Bowness
- Bowness Transit
- Brentwood
- Cambrian Heights
- Capitol Hill
- Carrington
- Charleswood
- Citadel
- Citadel Ridge
- Collingwood
- Confederation Park
- Dalhousie
- Edgemont
- Evans Ridge
- Evansridge
- Evanston
- Evanston Ridge
- Evanston Valley
- Glacier Ridge
- Greenwich
- Hamptons
- Hanson Ranch
- Haskayne
- Hawks Landing
- Hawkwood
- Hidden Valley
- Hillhurst
- Hounsfield Heights
- Kensington/Hillhurst
- Kincora
- Lynx Meadows
- Lynx Ridge
- MacEwan Glen
- Medicine Hill
- Montgomery
- Mount Pleasant
- Nolan Hill
- Nolan Hill Rise
- North Haven
- North Haven Upper
- Nose Hill Park
- Panorama
- Panorama Heights
- Panorama Hills
- Parkdale
- Queens Park
- Queens Park Village
- Ranchlands
- Ranchlands Estates
- Rock Lake Estates
- Rockland Park
- Rocky Ridge
- Rocky Ridge Ranch
- Rocky Vale Green
- Rosedale
- Rosemont
- Royal Oak
- Royal Vista
- Sage Hill
- Sage Hill Crest
- Sage Walk
- Sandstone Valley
- Scenic Acres
- Sherwood
- Silver Springs
- St Andrews Heights
- Symons Valley Ranch
- The Ridge At Sage Meadows
- Tuscany
- University District
- University Heights
- Valley Ridge
- Varsity
- Varsity Acres
- Varsity Estates
- West Hillhurst
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