When the shuttered King Edward School was transformed into cSPACE King Edward, an incubator for artists, non-profits and entrepreneurs, it proved an ambitious example of the economic, environmental and social benefits of preserving, rather than demolishing, Calgary's historic buildings.

As one meanders along the narrow and hilly streets of Bankview, it's hard not to be struck by the eclectic nature of the streetscape. Century-old, Craftsman-style homes sit alongside 1960s-era, four-storey, walk-up apartment buildings, and swanky new duplexes and infills. Adding softness to the landscape, fifty-foot-tall trees pepper the greenspaces, arching across the boulevards and creating a canopy of enchantment. Steps away, coffee shops, pubs and the boutique shops on 17th Avenue S.W. thrum with the beat of the bustling city.

Former King Edward School is reborn as hub for the Calgary arts community

Once a sandstone monolith surrounded by bald prairie, King Edward School has seen countless generations of students pass through its hallways. Its slate staircases bear faint grooves from more than a century of feet, including the hard-soled boots of soldiers that once used its basement for rifle-range training.

Now, 105 years later, the inner-city community of South Calgary surrounds the school, which is undergoing a massive $33.5-million transformation into an arts incubator and artistic venue called cSPACE King Edward.

The school closed in 2001, and was eventually acquired by cSPACE, a social enterprise real estate company that provides rental space, property management and community development. Capital funding for the project has come from the City, province, Calgary Foundation and other organizations.

Plenty of new amenities and features slated for Calgary's downtown and beyond

For Mission resident Michelle Norman, living in the inner city allows for a variety of amenities but also some reprieve from the hustle and bustle of the city.

"There are plenty of running paths along the Elbow River, which is beautiful in the evening, and allows you to feel like you've escaped the city for awhile," she said.

"[Mission has] a variety of unique restaurants, coffee shops, pubs and shopping. You can do anything, from taking a yoga class, spin classes or even go and see a little art gallery. It's walking distance from 17th Avenue and the core. The people are really friendly."