Proudly Canadian-Owned · Commercial Real EstateResidentialCommercial
ContactOur Brokers
Southwest Edmonton — Anthony Henday Adjacency · Growing Community

Callaghan Edmonton Commercial Real Estate

A newer southwest Edmonton community with the advantage of Anthony Henday Drive proximity. Neighbourhood retail plazas, mixed-use commercial nodes, and an active multifamily market of newer condos, townhomes and purpose-built rental make Callaghan an emerging investment destination.

Talk to a Broker Back to Edmonton
5.25–6.5%Retail Cap Rate
4.5–5.5%Multifamily Cap Rate
Ring RoadAdjacency
0%Provincial Income Tax
Property Types
What's Available in Callaghan
Retail
Neighbourhood plazas
Convenience · Services · QSR
View Retail Listings →
Mixed Use
Commercial + residential nodes
Anthony Henday adjacency · Ground retail
View Mixed Use Listings →
Multifamily
Condo · Townhome · Rental
Newer SW Edmonton stock
View Multifamily →
Retail
Cap rate 5.25–6.5%
Strip bay · Neighbourhood plaza
View Retail for Sale →
Mixed Use
Cap rate 4.75–5.75%
Commercial + residential development
View Mixed Use for Sale →
Multifamily
Cap rate 4.5–5.5%
Condo · Townhome · Purpose-built rental
View Multifamily for Sale →
Callaghan Submarkets
Commercial Nodes & Neighbourhoods
Anthony Henday Adjacency
Ring Road Access · Commercial Visibility
RetailMixed Use
Callaghan's proximity to Anthony Henday Drive provides excellent ring road access and commercial visibility from one of Edmonton's busiest arterials. Highway commercial, hotel, financial and service commercial opportunities benefit from ring road traffic and regional accessibility.
Ring RoadAdjacency
HighVisibility
Neighbourhood Retail Plazas
Convenience · Services · Medical
RetailOffice
Neighbourhood commercial plazas serve the Callaghan residential population with grocery, pharmacy, personal services and convenience retail. Medical clinics and dental offices are establishing to serve the growing community. Growing residential density is steadily expanding the trade area.
5.25–6.5%Retail Cap Rate
GrowingTrade Area
Condo & Townhome Market
Newer SW Edmonton Multifamily
Multifamily
Active condo and townhome market in Callaghan serves both owner-occupiers and investors. Newer building stock with modern finishes and SW Edmonton location appeal to families and professionals. Ring road proximity is a strong draw for buyers and renters who commute across the city.
4.75–5.5%Cap Rate
NewerStock
Purpose-Built Rental
Newer Rental Apartments
Multifamily
Purpose-built rental apartments in Callaghan serve renters who want modern, well-amenitized SW Edmonton addresses with Anthony Henday accessibility. Newer stock commands good rents relative to older Edmonton suburbs, with low vacancy reflecting the SW Edmonton rental market's strength.
4.5–5.25%Cap Rate
LowVacancy
Mixed Use Commercial Nodes
Ground Retail + Residential
Mixed UseMultifamily
Mixed-use commercial nodes within Callaghan combine ground-floor retail and service commercial with residential above. This format creates walkable community focal points and provides investors with dual income streams from both commercial tenants and residential units in a single asset.
4.75–5.75%Mixed Use Cap
DualIncome Stream
SW Edmonton Growth Position
Growth Community · Long-Term Value
RetailMultifamily
Callaghan benefits from its position within SW Edmonton's broad growth corridor — one of Edmonton's most active residential development zones. Continued residential growth translates to expanding commercial trade areas and strengthening multifamily fundamentals for patient investors.
GrowingSW Corridor
Long-TermValue
5.25–6.5%
Retail Cap Rate
4.5–5.5%
Multifamily Cap Rate
Ring Road
Henday Adjacency
$27.26
Non-Res Mill Rate

Callaghan — Market Overview

Callaghan is a newer southwest Edmonton community differentiated from its peers by its proximity to Anthony Henday Drive — Edmonton's ring road that encircles the city. This ring road adjacency enhances Callaghan's accessibility for residents who commute across Edmonton, and creates commercial visibility opportunities for businesses serving both the local community and regional ring road traffic.

Commercial development in Callaghan is focused on neighbourhood retail plazas serving daily convenience needs, mixed-use nodes combining commercial and residential uses, and a growing medical and professional services market as the community's residential population matures. The ring road adjacency also supports highway commercial uses including hotel, financial services and automotive.

Multifamily investment in Callaghan is supported by newer building stock, SW Edmonton desirability, and strong demand from renters and buyers seeking ring road-connected suburban addresses. Condos, townhomes and purpose-built rental are all active investment categories.

Callaghan Cap Rates & Market Data (2025)

Asset ClassSubmarketCap RateNotes
Retail — Neighbourhood StripCallaghan commercial nodes5.25–6.5%Daily convenience, growing trade area
Mixed Use — Commercial + ResidentialCallaghan nodes4.75–5.75%Ground retail + residential above
Multifamily — Purpose-Built RentalCallaghan4.5–5.25%Newer stock, ring road appeal
Multifamily — Condo / TownhomeCallaghan4.75–5.5%Active market, newer construction

Callaghan — Frequently Asked Questions

What commercial real estate is available in Callaghan?
Callaghan offers neighbourhood retail plazas, mixed-use commercial nodes with Anthony Henday Drive adjacency, and a multifamily market of newer condos, townhomes and purpose-built rental apartments.
What is the significance of Anthony Henday Drive for Callaghan?
Anthony Henday Drive provides Callaghan with outstanding ring road access to the entire Edmonton market. This enhances commercial visibility and accessibility for businesses, and makes Callaghan highly attractive to residents who commute across the city — underpinning strong multifamily demand.
What are multifamily cap rates in Callaghan?
Multifamily cap rates in Callaghan range from 4.5–5.5% in 2025. Purpose-built rental trades at 4.5–5.25%; condo and townhome investment is 4.75–5.5%.
How do I invest in Callaghan commercial real estate?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955. We cover Callaghan retail, mixed use and multifamily opportunities.

Looking at Callaghan?

Our Edmonton advisors cover Callaghan retail, mixed-use commercial and multifamily investment in this growing SW Edmonton community.

Talk to a Broker
Your local Canada's Home Commercial team: Edmonton →