CalgaryListings Insight This home at 123 Millbank Road SW, built in 1991. It is located in the community of Millrise. This home also offers vinyl plank flooring, air conditioning, and a corner lot. Before writing, ask about recent comparable sales, inspection items, permits, basement development, and long-term resale fit. If rental income is part of the plan, verify suite legality, permits, insurance, lender treatment, and current lease details before removing conditions. MLS® A2311352.
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RARE DAYCARE opportunity to purchase or lease a strategically positioned childcare conversion property in the established and family-oriented community of Millrise. This property has received DISCRETIONARY DEVELOPMENT PERMIT approval for a Child Care Service accommodating up to 30 children, conditional upon completion of required building code, municipal, and licensing improvements. This fully developed HILLSIDE BUNGALOW, currently being run as a dayhome, offers over 2,378 SF of functional interior space ideally suited for daycare operations or long-term owner-user investment. The proposed layout includes multiple childcare activity areas, outdoor play space, staff room, universal washroom accessibility, and dedicated pick-up/drop-off functionality. Fully outfitted kitchen with recent upgrades of air conditioning (2025), water softener (2025), new windows & doors (2022), and new roof (2024). Providing an excellent foundation for future improvements and operational customization. The large CORNER LOT features an expansive rear yard, side yard, existing fencing, widened driveway access with ample parking. Convenient proximity to surrounding schools, residential density, major commuter routes, and three nearby LRT stations including Fish Creek–Lacombe, Shawnessy, and Bridlewood. With daycare demand continuing to outpace supply across Calgary, properties with active discretionary approvals are increasingly difficult to secure. This offering presents a unique opportunity to significantly reduce entitlement timelines while positioning your business or investment portfolio within a high-demand childcare market. Ideal for daycare operators, investors, or owner-users seeking a near ready childcare opportunity in a mature southwest Calgary community.
Property Taxes
$4,068/yr (2026)
Listing Information
MLS® NumberA2311352
StatusActive
List Price$1, 200, 000
Days on Market31 days
OccupancyOwner
Property Details
Property TypeRetail
Architectural StyleOther
ZoningR-CG
Year Built1991
Interior
FlooringVinyl Plank
HeatingForced Air, Natural Gas
Air ConditioningCentral Air
FurnishedUnfurnished
Exterior & Parking
ExteriorStucco, Wood Frame
RoofAsphalt Shingle
FoundationPoured Concrete
Total Parking12
Site & Lot
Lot Size4, 898 sq ft
Lot Acres0.11 acres
Lot Width107.03
Lot FeaturesCorner Lot, Landscaped, Near Public Transit, Near Shopping Center, No Back Lane, Steep Slope, Street Lighting
Legal Description9011980
Inclusions
Fridge, electric stove, hood fan, dishwasher, washer, dryer, all window coverings
Property History
No previous MLS® listings on record for this property — this appears to be its first time offered. Want to know how often homes nearby change hands? Ask our team.
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