Welcome to Elboya – Calgary’s Hidden Gem for Luxury Living
Elboya is a prestigious and exclusive community in Southwest Calgary, known for its luxury homes, riverfront properties, and unbeatable location just minutes from downtown. Bordering the Elbow River and Stanley Park, this neighborhood combines serene natural beauty with urban convenience, making it one of Calgary’s most sought-after places to live.
With a rich history, excellent schools, scenic walking paths, and stunning estate homes, Elboya offers a high-end lifestyle with strong property value appreciation. If you’re looking for upscale living in a well-connected yet peaceful community, Elboya is a perfect choice.
Who Lives Here?
Affluent professionals & executives – Quick downtown access & exclusive real estate.
Families with children – Excellent schools, parks & a safe environment.
Investors & luxury buyers – High-value properties with strong appreciation potential.
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4617 Stanley Road SW in Calgary: Elboya Detached for sale : MLS®# A2298778
4617 Stanley Road SW Calgary T2S 2R1 
$699,900Residential- Status:
- Active
- MLS® Num:
- A2298778
- Bedrooms:
- 4
- Bathrooms:
- 2
- Floor Area:
- 1,036 sq. ft.
Prime investment opportunity in the heart of Elboya on a 50 ft x 120 ft R-CG lot. This raised bungalow with a legal walk-out suite offers dual rental income in one of Calgary’s most desirable inner-city communities, with excellent long-term holding and redevelopment potential. The main floor features two spacious bedrooms, a four-piece bathroom, a bright living room, dining area, and a well-appointed kitchen. The legal lower suite offers two additional bedrooms, a four-piece bathroom, and a full kitchen, with separate private entrances for each unit. Shared spaces include a large utility room with two furnaces, two hot water tanks, and common laundry. Utilities are split between tenants, helping reduce ownership costs. Both leases renew in June, and the tenants have expressed interest in extending their stay, providing immediate and stable cash flow for the next owner. Recent upgrades include new egress windows in the basement bedrooms, updated LVP flooring, hardwired smoke and carbon monoxide detectors, a sprinkler system in common areas, new alarm bells, furnace servicing, and yard improvements. The oversized lot offers a large private yard with mature trees, back alley access, and a parking pad. Combined with the front driveway, there is parking for up to six vehicles. Ideally located minutes from downtown, the C-Train, Chinook Centre, parks, schools, and everyday amenities. Whether you are looking to live upstairs and offset ownership costs by renting the legal suite, or secure a strong investment in a high-demand neighbourhood, this property delivers flexibility, income, and long-term value. More detailsListed by 2% Realty- Pras Krishnappa
- RE/MAX KEY
- 403-324-5656
- contact@pk-realty.com
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308 46 Avenue SW in Calgary: Elboya Residential Land for sale : MLS®# A2315133
308 46 Avenue SW Calgary T2S 1B6
$1,399,000Land- Status:
- Active
- MLS® Num:
- A2315133
Rare opportunity to acquire a completely shovel-ready inner-city development site in a highly desirable SW Calgary corridor. This 50ft x 120ft RCG-zoned CORNER lot offers an unmatched advantage for builders and developers looking to bypass municipal backlogs and break ground immediately upon closing. All structural legwork has been completed and is included in the sale: fully approved Development and Building Permits (DP/BP), paid City Levies, and complete architectural design drawings by JTA Design. The approved project maximizes the lot’s density with a premium 8-unit configuration, consisting of four above-grade rowhouses and four legal basement suites. The land is cleared, prepped, and entirely ready for demolition and site prep. Skip the lengthy approval delays and start building on day one. Full due diligence package, including approved permit drawings, is available upon request. More detailsListed by Century 21 Bravo Realty- Pras Krishnappa
- RE/MAX KEY
- 403-324-5656
- contact@pk-realty.com
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301 46 Avenue SW in Calgary: Elboya Triplex for sale : MLS®# A2317240
301 46 Avenue SW Calgary T2S 1B5
$999,900Multi-Family- Status:
- Active
- MLS® Num:
- A2317240
- Floor Area:
- 1,858 sq. ft.
Rare opportunity in sought-after Elboya. Situated on a prime 55' x 120' corner lot, this well-maintained legal triplex offers exceptional flexibility for investors, developers, and owner-occupiers alike. Whether you're looking to hold as a cash-flowing investment, explore redevelopment opportunities, or maximize density through future conversion, the possibilities here are endless. With similar corner parcels in the area currently being redeveloped, including an 8-unit project directly across the street, this property presents compelling long-term upside. Ideally located just minutes from downtown and within walking distance to Stanley Park, the Elbow River pathway system, Britannia Plaza, schools, parks, transit, and major commuter routes, this is one of Calgary's most desirable inner-city locations. The property consists of three well-maintained rental units with strong tenant appeal. Unit 303 occupies an entire side of the duplex and features an abundance of natural light, two spacious upper-level bedrooms, a generous living area, and a fully developed basement. Unit 301 has been thoughtfully configured into upper and lower suites, creating additional income potential. All units are well cared for, easily rentable, and offer attractive layouts for a wide range of tenants. Current occupants of Unit 303 have expressed interest in remaining, providing added stability for investors seeking immediate rental income. Financial information is available upon request. An outstanding opportunity to secure a revenue-generating property with significant future potential in one of Calgary's premier inner-city communities. More detailsListed by Century 21 Bamber Realty LTD.- Pras Krishnappa
- RE/MAX KEY
- 403-324-5656
- contact@pk-realty.com
Data was last updated June 15, 2026 at 06:05 PM (UTC)