Retail PlazaSage Hill · NW Calgary
Franchise BusinessStrathmore · Highway 1
Investment PropertyMacleod Trail · Calgary SE
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Vickram
Buttar
Calgary Residential & Commercial Real Estate
REC
TC 00:00:00:00
Calgary · Airdrie · Strathmore · Didsbury

Homes, plazas and businesses. One agent.

Residential buyers and sellers on the full MLS®, and commercial clients buying retail bays, restaurants, franchises and investment property across Alberta. Same underwriting discipline either way.

Search the MLS® Commercial services
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Licensed REALTOR® · Century 21 Bravo Realty
For homeowners

Buy or sell
a home

Full MLS® access, pricing built on comparable sales, and marketing that actually gets the listing seen.
For business owners & investors

Commercial
& investment

Retail, restaurant, franchise and land deals — underwritten on rent, NOI and lease terms before you ever sign.
Commercial & investment

Built for operators and investors

Most agents treat a commercial file like a bigger house sale. It is not. Rent roll, lease term, permitted use and NOI decide the value — those are the numbers I work from first.

01Retail & plazasMulti-tenant strip retail, end-cap units and pad sites across Calgary and the surrounding towns.
02Restaurants & franchisesTurnkey build-outs and franchise transfers — including the national brands currently on my board.
03Industrial baysWarehouse, flex and owner-user bays. Clear height, loading, power and zoning verified up front.
04Land & developmentServiced and raw commercial parcels, with zoning and permitted-use review before you write.
05Investment & NNNIncome property underwritten on real rent rolls — not pro-forma numbers from a listing sheet.
06LeasingTenant and landlord representation, lease abstraction, renewals and assignment negotiation.
What you get on every commercial file
UnderwritingNOI, cap rate, rent per square foot and a break-even the bank will recognise.
Lease abstractionTerm, options, escalations, op costs and assignment clauses summarised on one page.
Zoning & usePermitted use confirmed with the municipality before conditions come off.
LOI to closeOffer structure, financing conditions, franchisor approval and possession managed end to end.
Currently on my board

My commercial listings

Five active business-and-property opportunities, each with lease in place. Keep scrolling to move through them.

01FRANCHISE PIZZA
Papa John's Franchise10, 602 Westmount Road · Strathmore, AB
$349,000
Monthly rent$1,850
02INDIAN RESTAURANT
Restaurant on Macleod Trail715, 12100 Macleod Trail SE · Calgary
$269,000
Monthly rent$7,100
03SHAWARMA RESTAURANT
Shawarma Shop1810 20 Street · Didsbury, AB
$149,900
Monthly rent$1,800
04QUESADA TEX-MEX
Quesada at Ranch Market125C-1, 100 Ranch Market · Strathmore, AB
$224,900
Lease termsOn request
05COMMERCIAL LISTING
Coming soonAlberta
Ask
DetailsOn request
Selling a business?

List it
with me

Confidential marketing, buyer screening and franchisor coordination handled.

Get a valuation
Track record

The numbers

Transactions closed across residential and commercial
Average list-to-sale price ratio
Average days on market
Volume transacted this year
How it works

A process that survives due diligence

01

Position

We establish what the asset actually is — rent roll, comparables, condition and the realistic buyer pool. Residential or commercial, the pricing comes from evidence.

02

Market

Photography, floor plans, an offering summary and a paid social campaign built on the same brand you are seeing here. Commercial files also go direct to my investor list.

03

Close

Offer structure, conditions, financing, franchisor approval where it applies, and possession. You get one point of contact from LOI to keys.

About

Vickram Buttar

"A commercial deal is a spreadsheet with a building attached. My job is to make sure both sides add up before you commit."

Calgary REALTOR with Century 21 Bravo Realty, working across residential sales and commercial investment throughout Calgary, Airdrie, Strathmore and Didsbury. I currently represent five active business-for-sale listings with leases in place, alongside a residential practice covering the full Alberta MLS.

Book a consultation See my listings
Clients

What they say

"He walked our lease line by line before we wrote the offer and caught an assignment clause that would have cost us the franchise approval. That single catch paid his fee."

Restaurant operatorStrathmore, AB

"We were comparing two retail bays on cap rate alone. Vickram rebuilt both rent rolls with the real op costs and the second one was clearly the better buy."

Investor, multi-tenant retailNW Calgary

"First home, and he never once made us feel rushed. Offer accepted eleven days in, under list, in a market where nothing was sitting."

First-time buyersEvanston, Calgary
Follow the board

New listings hit social first

Instagram @vickrambuttar Facebook Vickram Buttar Real Estate YouTube Property walkthroughs
FEED 4:5
New listing
Papa John'sTurnkey franchise off Highway 1, Strathmore. $349,000.
412 likes38 saves19 DMs
CAROUSEL
How to read
a cap rateFour slides on what NOI actually includes.
1.1k reach96 saves7 shares
WALKTHROUGH
Inside a
retail bayFull tour of a 4,180 SF multi-tenant plaza in Sage Hill.
3.4k views6:12 run44 likes
POST 1:1
Just sold
DidsburyShawarma shop under contract in 26 days.
287 reactions31 comments

Standard tag set — #CalgaryCommercialRealEstate · #BusinessForSaleAlberta · #CalgaryRealtor · #YYCRealEstate · #StrathmoreAB · #RetailForLease · #FranchiseForSale · #Century21Bravo

Insights

Notes from the market

All articles
COMMERCIAL
14 Aug 2026 · 7 min read

What a cap rate actually tells you about a Calgary retail plaza

Most listing sheets quote a cap rate built on pro-forma rent and understated operating costs. Here is how to rebuild the number from the leases before you write an offer.

Read article
BUSINESS SALES
02 Aug 2026 · 5 min read

Buying a franchise in Alberta: the five approvals nobody mentions

Landlord consent, franchisor approval, financing, health permits and staff transfer. Miss the order and your closing date slips a month.

Read article
RESIDENTIAL
21 Jul 2026 · 4 min read

Calgary NW vs SE: where first-time buyers are actually getting value

A side-by-side on price per square foot, days on market and what the new build premium is really costing in Evanston and Seton.

Read article
Service areas

Where I work

Calgary

Multi-tenant retail on Macleod Trail and the northwest quadrant, industrial bays in Foothills, and residential across the newer communities.

Airdrie

Commercial parcels and serviced land on the growth corridor north of Calgary, plus detached and townhome resale.

Strathmore

Highway 1 exposure retail and franchise businesses in the Ranch Market and Westmount nodes — two of my current listings sit here.

Didsbury & area

Small-town commercial where rents run a fraction of Calgary and owner-operators can actually clear a margin.

Common questions

Buying commercial in Alberta

What does a commercial REALTOR® do that a residential agent does not?
A commercial file is valued on income, not on comparable sale price alone. That means reading the lease in full, abstracting the term, options, escalations and operating costs, confirming permitted use with the municipality, and rebuilding the rent roll to get a real net operating income. The purchase price follows from those numbers. On a business sale there is also franchisor approval, equipment lists and staff transition to coordinate.
How is a cap rate calculated on a Calgary retail property?
Cap rate is net operating income divided by purchase price. NOI is gross rent less vacancy allowance and the operating costs the landlord actually carries — not the pro-forma figure printed on a listing sheet. Calgary multi-tenant retail has generally traded in the five to seven percent range, but the number only means something once the leases behind it have been verified.
Can I buy a business without buying the building?
Yes, and most of my current listings work exactly that way. You purchase the business — equipment, build-out, brand rights and goodwill — and take an assignment of the existing lease from the landlord. The lease terms then matter as much as the asking price, because a short remaining term or a weak renewal option can make an otherwise good business hard to finance or resell.
What deposit and financing should I expect on a commercial purchase?
Commercial lenders typically want more equity than residential — often thirty to thirty-five percent down on property, and business acquisition loans are underwritten against cash flow and often need a personal guarantee. Franchise purchases can sometimes access brand-specific lending programs. I recommend having a commercial mortgage broker engaged before we write, because financing conditions on these deals are rarely a formality.
How long does a commercial transaction take to close?
Plan for sixty to ninety days from accepted offer. Due diligence alone commonly runs thirty days to cover financing, environmental review where it applies, lease and zoning confirmation, and landlord or franchisor consent. Residential closings in the same market usually run thirty to forty-five days.
Do you also handle residential buyers and sellers?
Yes. Roughly half my practice is residential across Calgary, Airdrie and the surrounding towns, with full access to the Alberta MLS®. The analysis discipline is the same, and buyers who start with a home often come back later for their first investment property.
Enquire

Start the file

Tell me what you are looking at. Commercial enquiries come back with a rough underwriting the same week; home valuations inside two business days.

01
You send the detailsAddress, asset type, timeline and budget. Two minutes.
02
I pull the numbersComparables, rent roll where it applies, and the zoning position.
03
We talkTwenty minutes on the phone. No obligation, no listing pitch.
403-909-6899 info@vickrambuttar.ca
Enquiry sent

Thanks — I will come back to you within one business day, usually sooner. If it is urgent, call 403-909-6899.

Next step

Bring me the address. I will bring the numbers.

Whether it is a first home in Evanston or a multi-tenant plaza in Sage Hill, the first conversation is free and there is no obligation attached to it.

Call 403-909-6899 Email me