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123 Millbank Rd SW 1,282 - 2,564 SF of Retail Space Available in Calgary, AB T2Y 2Y9
Highlights
- Discretionary permit approved for a Child Care Service accommodating up to 30 children.
- Functional design with multiple childcare zones, staff space, universal washrooms, and outdoor play areas.
- Convenient access to major commuter routes and three nearby LRT stations.
- Upgraded systems include new roof (2024), windows and doors (2022), and central air conditioning (2025).
- Located on a corner lot with fencing, landscaped yard, and improved drop-off/pick-up zones.
- Close proximity to schools and residential neighborhoods in a mature southwest Calgary community.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,282 SF | Negotiable | $50.00 CAD/SF/YR $4.17 CAD/SF/MO $64,100 CAD/YR $5,342 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 1,282 SF | Negotiable | $50.00 CAD/SF/YR $4.17 CAD/SF/MO $64,100 CAD/YR $5,342 CAD/MO | Triple Net (NNN) |
1st Floor
Exceptional DAYCARE opportunity to LEASE (NNN) or purchase a strategically located daycare conversion property in the established SW community of Millrise. Received discretionary DEVELOPMENT PERMIT APPROVAL for a Child Care Service for up to 30 children, conditional upon completion of required building code, municipal, and licensing improvements. This fully developed hillside bungalow, currently a dayhome, offers over 2,375 SF of functional space ideal for childcare operations, including multiple activity rooms, outdoor play area, dedicated pick-up/drop-off access, and convenient connectivity to Fish Creek–Lacombe, Shawnessy, and Bridlewood LRT stations. Includes a fully outfitted kitchen, air conditioning (2025), water softener (2025), new windows & doors (2022), and new roof (2024). The approved daycare plans include outdoor play areas, staff space, universal washroom accessibility, and operational layouts designed for childcare functionality. GC quote is available upon conditional offers. All required permitted use improvements will be responsibly of the tenant. BASE RENT is $50psf PLUS OPERATING COSTS and UTILITIES. An outstanding opportunity for experienced daycare operators seeking a well-located property with development permit approvals already in place, helping reduce entitlement timelines and accelerate opening potential.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Space is an outparcel at this property
- Can be combined with additional space(s) for up to 2,564 SF of adjacent space
2nd Floor
Exceptional DAYCARE opportunity to LEASE (NNN) or purchase a strategically located daycare conversion property in the established SW community of Millrise. Received discretionary DEVELOPMENT PERMIT APPROVAL for a Child Care Service for up to 30 children, conditional upon completion of required building code, municipal, and licensing improvements. This fully developed hillside bungalow, currently a dayhome, offers over 2,375 SF of functional space ideal for childcare operations, including multiple activity rooms, outdoor play area, dedicated pick-up/drop-off access, and convenient connectivity to Fish Creek–Lacombe, Shawnessy, and Bridlewood LRT stations. Includes a fully outfitted kitchen, air conditioning (2025), water softener (2025), new windows & doors (2022), and new roof (2024). The approved daycare plans include outdoor play areas, staff space, universal washroom accessibility, and operational layouts designed for childcare functionality. GC quote is available upon conditional offers. All required permitted use improvements will be responsibly of the tenant. BASE RENT is $50psf PLUS OPERATING COSTS and UTILITIES. An outstanding opportunity for experienced daycare operators seeking a well-located property with development permit approvals already in place, helping reduce entitlement timelines and accelerate opening potential.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Space is an outparcel at this property
- Can be combined with additional space(s) for up to 2,564 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,564 SF | Gross Leasable Area | 2,565 SF |
| Property Type | Retail | Year Built | 1991 |
| Property Subtype | Day Care Center |
| Total Space Available | 2,564 SF |
| Property Type | Retail |
| Property Subtype | Day Care Center |
| Gross Leasable Area | 2,565 SF |
| Year Built | 1991 |
About the Property
The property at 123 Millbank Road SW in Calgary is a freehold retail asset situated in the Millrise community. The structure is a developed bungalow constructed in 1991 and includes a finished area of approximately 2,565 square feet. It occupies a 455.04 m² lot with paved road access and parking for approximately 12 vehicles. The property includes a fenced yard and wood frame construction with poured concrete foundation. Mechanical systems comprise forced air heating and central air conditioning. Zoning is designated as R-CG. The location provides proximity to local schools and is accessible to multiple LRT stations, including Fish Creek–Lacombe, Shawnessy, and Bridlewood.
Nearby Major Retailers
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123 Millbank Rd SW
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