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Homes for Sale in Pegasus, Calgary

Pegasus is not a residential neighbourhood — it is a designated industrial district in northeast Calgary covering roughly 0.3 km² with zero permanent residents.

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Median list price

$379,900

Avg list price

$379,900

Homes for Sale in Pegasus, Calgary

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2340 Pegasus Way Northeast, Calgary

$379,900

2340 Pegasus Way Northeast, Calgary

Other · 974 sqft

Buying in Pegasus

Who fits here

Pegasus is not a residential neighbourhood — it is a designated industrial district in northeast Calgary covering roughly 0.3 km² with zero permanent residents. Its streets (Pegasus Road NE and Pegasus Way NE) are lined with warehouse bays, flex-industrial strata units, and aviation-related businesses including Avmax aircraft leasing and Aerotex Interiors. The area sits immediately south of Calgary International Airport and is bounded by Barlow Trail and McKnight Boulevard, giving tenants and owner-operators fast access to the airport tarmac, Trans-Canada Highway, and Deerfoot Trail. If you are searching for a home to live in, Pegasus is not the right fit — nearby residential communities such as Renfrew, Bridgeland, Skyline West, or Coventry Hills will serve you far better. If, however, you are a business owner, investor, or commercial buyer looking for industrial strata, small-bay warehouse condos, or owner-user industrial space near the airport, Pegasus offers a compact but well-connected supply of properties that trade hands on the open MLS market. Units typically range from roughly 1,000 to 5,000 sq ft and suit trades, light manufacturing, aviation services, distribution, and professional workshops.

Current market in the neighbourhood

Pegasus is an all-industrial neighbourhood with no single-family or condominium residential inventory. All MLS activity here involves industrial strata units, warehouse bays, and flex-commercial condos. Over the past 12 months, industrial units changed hands in Pegasus. The average sold price was, with a median. Units averaged per square foot and spent an average of days on market before going firm. The sale-to-list ratio came in, reflecting the competitive demand near Calgary International Airport. Currently, 1 industrial units are listed for sale, priced between.

Commute and lifestyle

Pegasus sits in Calgary''s northeast industrial corridor, immediately south of Calgary International Airport. Barlow Trail NE runs along its eastern edge and connects directly to McKnight Boulevard — two of the city''s primary northeast arterials. From Pegasus, Deerfoot Trail is roughly a five-minute drive, putting both downtown Calgary (approximately 20 minutes) and the southern suburbs within easy reach for business operators who travel regularly. For employees working in the area, transit access is reasonable: the McKnight–Westwinds CTrain station on the Blue Line is within cycling or short-drive distance, and multiple Calgary Transit bus routes service the surrounding industrial corridors. The nearby Deerfoot City retail centre on Barlow Trail provides restaurants and services for lunchtime errands. This is not a walkable neighbourhood in the residential sense — there are no schools, parks, or grocery stores within the boundaries. The draw is purely operational: proximity to YYC airport cargo and passenger terminals, excellent truck-route access, and a dense cluster of aviation, logistics, and trades businesses that create a natural ecosystem for related industries.

Long-term context

Industrial strata in Calgary''s northeast airport corridor has seen consistent demand from owner-operators and investors over the past decade. Calgary''s industrial vacancy rate has tightened significantly since 2020 as e-commerce distribution, aviation services, and trades businesses expanded, pushing asking rents and sale prices upward across the city''s northeast quadrant. Pegasus benefits directly from its position adjacent to Calgary International Airport — one of Canada''s busiest cargo hubs — which insulates it from the softer demand that can affect industrial parks further from major logistics nodes. While the neighbourhood is small (roughly 0.3 km² of built-out industrial land), its scarcity of available strata bays relative to demand has historically supported stable or rising values. Alberta''s energy-sector cycles do affect broader Calgary industrial demand, but airport-adjacent industrial tends to be more resilient given its diversified tenant base across aviation, logistics, and professional services. Buyers acquiring owner-user bays here are typically motivated by long-term operational needs rather than speculative plays.

About Pegasus

Overview

Pegasus is a commercial and industrial neighbourhood located in Northeast Calgary. Serving as a dedicated business and logistics hub, the area is characterized by warehouse facilities, manufacturing operations, and office parks rather than a traditional residential population.

Location

Strategically situated in Northeast Calgary, Pegasus provides excellent connectivity to major city thoroughfares, including McKnight Boulevard, Barlow Trail, and Deerfoot Trail, making it highly accessible for commercial transport and daily commuters.

Housing character

As a designated industrial zone, Pegasus does not offer traditional residential housing. The real estate market is exclusively focused on commercial properties, offices, and industrial bays, meaning standard homebuyer metrics like an 1 or are generally not applicable here.

Transit

The neighbourhood is serviced by Calgary Transit, featuring bus routes specifically designed to accommodate the local workforce and provide practical public transportation for employees commuting from across the city.

Shopping and dining

Dining and retail options in Pegasus are tailored to the daytime working population. The area features casual eateries, coffee shops, and practical business services, with larger retail power centers located in neighbouring Northeast residential communities.

Parks and recreation

While the landscape is predominantly industrial, employees in Pegasus have convenient access to nearby outdoor spaces, including the Nose Creek pathway system to the west and Jaycee Slowpitch Park for recreational sports.

Lifestyle

The atmosphere in Pegasus is strictly business-oriented. It functions as a bustling employment node during the weekday rather than a residential community, offering a practical environment centered around industry, logistics, and commerce.

See recent sold prices in Pegasus, Calgary

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Frequently Asked Questions

No. Pegasus is a fully industrial-zoned neighbourhood in northeast Calgary with zero permanent residents. All property activity involves industrial strata units, warehouse bays, and flex-commercial condos — there are no houses, townhomes, or apartment buildings in the community.

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Listing information last updated on April 24, 2026 at 1:00 pm (America/Edmonton)