Narrative
The investor read on Point Mckay
Point McKay occupies a compact parcel on the north bank of the Bow River in Calgary's northwest inner city, bounded by Bowness Road to the north, 37th Street NW to the east, Edworthy Park to the west, and the Bow River escarpment to the south. The neighbourhood was developed between 1977 and 1981 as one of Calgary's first planned urban villages: the 21-storey Riverside Tower I and II high-rises (completed 1979 and 1981 respectively, totalling 295 units) anchor the western edge along Parkdale Boulevard, while six clusters of curved-street townhomes — approximately 505 units plus 30 duplexes — fill the interior. The development is named after Alfred Sidney McKay, who homesteaded the land in the late 19th century; his original sandstone home from circa 1900 still stands inside the community.
Point McKay's defining amenity is direct Bow River pathway access from virtually every front door, with the trail network connecting cyclists and runners to downtown Calgary in one direction and Edworthy Park in the other. The Riverside Club — the fitness facility anchored at street level in the Riverside Towers — offers a pool, gym, tennis courts, and golf practice facilities available to building residents at discounted rates. Angel's Cappuccino & Ice Cream café in adjacent Edworthy Park and the Lazy Loaf & Kettle in Parkdale provide immediate walkable café options. Foothills Medical Centre and the University of Calgary are both within a 10-minute drive, underpinning consistent demand from medical professionals and academic visitors.
Supply in Point McKay is almost entirely condominium and townhome: the Riverside I and II towers offer one- and two-bedroom condo suites with river valley or downtown skyline views, while the townhome clusters provide two- and three-bedroom units with private garages and rear greenspace access to common landscaped areas. Current asking prices for condos range from approximately $290,000 to $450,000; townhomes trade between $565,000 and $830,000 depending on location and renovation level. Most units are 1970s–80s vintage with varying degrees of interior updating; WinSport (Canada Olympic Park) is accessible in roughly 10–15 minutes by car via the Trans-Canada Highway, making this a logical base for ski-season guests.