SE Calgary — New Lake Community · Lifestyle Retail · Growing Catchment

Legacy Calgary Commercial Real Estate

One of SE Calgary's newest lake communities with developing neighbourhood retail anchored by grocery and specialty lifestyle retail. Legacy's rapid population growth and Stoney Trail access create an expanding commercial catchment attracting national and regional retailers.

Talk to a Broker Back to Calgary

$22–36/sfRetail Net

4.75–5.25%Multifamily Cap

$17.18Mill Rate 2025

FastestGrowing Areas

Property Types

What's Available in Legacy

Retail

$22–36/sf net

Neighbourhood Centre · Grocery · Lifestyle

View Retail Listings →

Office

$14–20/sf gross

Medical · Professional

View Office Listings →

Multifamily

4.75–5.25% cap

New Build Rental

View Multifamily Listings →

Retail

Cap rate varies

Investment

View Retail for Sale →

Office

Cap rate varies

Investment

View Office for Sale →

Multifamily

Cap rate varies

Investment

View Multifamily for Sale →

Legacy Submarkets

Key Areas Within Legacy

Legacy Commercial Core

Neighbourhood Retail · Grocery · Services

RetailOffice

The primary commercial node in Legacy anchors community retail with grocery, pharmacy, personal services and QSR serving the large SE Calgary residential catchment. Consistent occupancy driven by the captive neighbourhood population.

$20–32/sfRetail Net

GroceryAnchored

Legacy Medical & Professional Office

Medical · Allied Health · Professional

Office

Medical clinics, dental, physiotherapy, financial advisory and professional services serve Legacy's residential population. Growing demand for neighbourhood-based medical services in SE Calgary lake communities.

$14–20/sfOffice Gross

MedicalGrowing Demand

Legacy Multifamily

Purpose-Built Rental · Lake Community

Multifamily

Newer apartment and townhome rental buildings in Legacy target young families and professionals seeking the SE Calgary lake lifestyle. Lake access and modern amenities command above-average rents for the SE Calgary market.

4.75–5.25%Cap Rate

Lake AccessPremium Amenity

Legacy Neighbourhood Strip Retail

Local Services · QSR · Convenience

Retail

Secondary strip retail in Legacy provides daily convenience needs — pharmacy, takeout, automotive, hair and personal services. Accessible lease rates serve independent operators and small franchisees.

$16–24/sfStrip Net

NeighbourhoodService Retail

Stoney Trail Commercial Node

Highway Commercial · Large Format

Retail

Stoney Trail ring road access provides Legacy with connections to the broader SE Calgary market. Highway commercial at Stoney Trail interchanges serves both neighbourhood residents and the regional Stoney Trail traffic corridor.

Stoney TrailRing Road

RegionalCatchment

Legacy New Development

Expanding · New Build · Growing Pipeline

RetailMultifamilyOffice

Active residential growth in Legacy continues to drive new commercial development applications. Developers are tracking the community's population milestones to unlock new retail and mixed-use projects serving the growing catchment.

ActiveDevelopment Pipeline

GrowingResidential Catchment

$22–36/sf

Retail Net

4.75–5.25%

Multifamily Cap

$17.18

Mill Rate 2025

Fastest

Growing Areas

Legacy Calgary — Market Overview

Legacy is among SE Calgary's newest and fastest-growing lake communities. Neighbourhood retail anchored by grocery, pharmacy and lifestyle brands serves a rapidly growing and predominantly young-family residential base. Medical and professional office demand is growing with the population.

Legacy is located in SE Calgary with Stoney Trail ring road access, placing it within easy reach of the South Health Campus in Seton, which drives medical office demand across the entire SE lake community cluster. Neighbourhood retail and multifamily are the primary commercial investment opportunities.

The 2025 City of Calgary non-residential mill rate of $17.18 per $1,000 assessed value applies to all commercial properties in Legacy. Alberta's zero provincial income tax further enhances investor returns relative to BC or Ontario comparable markets.

Legacy Cap Rates & Market Data (2025)

Asset Class	Location	Cap Rate / Rate	Notes
Retail — Grocery-Anchored	Legacy commercial core	5.0–6.5%	Captive residential demand
Retail — Strip / Service	Neighbourhood strips	5.5–7.0%	Local services, convenience
Office — Medical	Community commercial	$14–20/sf gross	Growing family population
Multifamily — Rental	Lake community	4.75–5.25%	Lake access, modern product
Non-Residential Mill Rate	City of Calgary 2025	$17.18/1,000 AV	Applied to assessed value

Why Investors Choose Legacy

Rapidly growing residential catchment. Legacy and surrounding SE Calgary lake communities are among Calgary's highest-growth areas — expanding the commercial catchment annually.

South Health Campus medical demand. The South Health Campus in Seton drives growing medical and allied health office demand across all SE Calgary lake communities.

Lake community residential premium. Legacy's lake amenity supports above-average residential rents and multifamily investment performance.

Stoney Trail ring road access. Stoney Trail connects SE Calgary communities to the entire Calgary market, broadening retail catchments beyond the immediate neighbourhood.

No provincial income tax. Alberta's structural tax advantage applies across all commercial investment in SE Calgary lake communities.

Legacy Calgary — Frequently Asked Questions

What commercial real estate is in Legacy Calgary?

Legacy offers neighbourhood retail anchored by grocery and community services, medical and professional office, and newer purpose-built rental multifamily. Commercial activity reflects the community's growing residential population.

What are retail rents in Legacy?

Neighbourhood retail rents in Legacy range from $20–32/sf net in 2025. Grocery-anchored positions command the upper end; secondary strip retail runs $16–24/sf net.

What are multifamily cap rates in Legacy?

Legacy multifamily cap rates are 4.75–5.25% in 2025. Lake access, modern building stock and a growing professional family demographic support solid multifamily investment performance.

Is the South Health Campus relevant here?

Yes. The South Health Campus in Seton generates demand for medical office and allied health space across all SE Calgary lake communities including Legacy. As Calgary's primary SE hospital, it is a sustained demand driver for neighbourhood medical services.

How do I buy or lease commercial space in Legacy?

Contact Canada's Home Commercial via our contact form, or call 403-837-5664. We cover Legacy retail, medical office and multifamily investment.

Exploring Legacy?

Our Calgary advisors cover Legacy neighbourhood retail, medical office and lake community multifamily — SE Calgary investment in one of the city's most desirable community clusters.

Talk to a Broker

Your local Canada's Home Commercial team: Calgary →