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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 554 sqft
Price per Sqft $463
Subdivision Lower Mount Royal
MLS® Listing ID A2231173
Style Apartment-Single Level Unit
Bedrooms 1
Full Baths 1
Condo Fees $285/mo
Year Built 1983
Annual Tax Amount $1,548
Tax Year 2025
Property Sub-Type Apartment
Source Calgary
Property Description
This unit features:
- Low condo fees of just $285.61/month, which include heat, water, and all the rest, you just pay for electricity additionally.
- Heated underground parking (stall #32) —a rare feature at this price point, enhancing convenience and long-term value
- In-suite laundry, a large south-facing balcony, and updated stainless steel appliances
- Fresh paint, efficient layout, and room to personalize
- Slate tile at the entrance (seller open to price negotiation or credit to address minor wear)
INVESTOR INSIGHT: With current long-term rental rates in the area averaging $1,700/month, this unit offers positive cash flow potential, especially with a 20% down payment and today's competitive conventional interest rates (~4.5–4.7%). Projected cap rate: ~5.7%, making this one of the few downtown condos under $260K that delivers both value and income.
The building offers secure fob access, bike storage, elevator, and is well-maintained with many units sharing costs—contributing to the low condo fees.
Pet policy: Furry friends welcome—with restrictions. One dog or two other types of pets per unit. No dogs with a mature height over 40 cm at the shoulder are permitted (subject to board approval).
Available for quick possession and move-in ready. Whether you're looking to live in the heart of Calgary or capitalize on a high-performing rental, this condo is priced to move—with seller motivation and flexibility in play.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C2
Direction S
Interior
Interior Features Breakfast Bar, Closet Organizers, Kitchen Island, Laminate Counters, Open Floorplan, Soaking Tub
Heating Baseboard
Cooling None
Flooring Carpet, Laminate, Slate, Tile
Inclusions Electric Stove, Microwave Hood Fan, Refrigerator, Dishwasher, Washer, Dryer, Window Coverings (Curtains & Curtain Rods), Vanity Mirror, Shelf in Bathroom, Building Fob(s), Mailbox Key(s)
Appliance Dishwasher, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Laundry In Unit
Exterior
Parking Features Assigned, Garage Door Opener, Parkade, Secured, Stall, Underground
Garage Description Assigned, Garage Door Opener, Parkade, Secured, Stall, Underground
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Amenities Available Bicycle Storage, Elevator(s), Parking, Secured Parking, Trash
Roof Type Asphalt Shingle
Accessibility Accessible Approach with Ramp, Accessible Entrance, Accessible Kitchen, Accessible Washer/Dryer
Porch Balcony(s)
Exposure S
Total Parking Spaces 1
Building
Story 4
Foundation Poured Concrete
Architectural Style Apartment-Single Level Unit
Level or Stories Single Level Unit
Structure Type Brick,Vinyl Siding,Wood Frame
Others
HOA Fee Include Common Area Maintenance,Heat,Insurance,Interior Maintenance,Maintenance Grounds,Parking,Professional Management,Reserve Fund Contributions,Sewer,Snow Removal,Trash,Water
Restrictions Pet Restrictions or Board approval Required,Pets Allowed
Ownership Private
Pets Allowed Restrictions, Yes
Virtual Tour https://youtu.be/QCOJmgxLxio?si=J1OJ5FqerOAMcKcp