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140 Promenade Way SE
homes for sale · Calgary · McKenzie Towne
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$349,900

140 Promenade Way SE

McKenzie Towne, Calgary · MLS® A2352134

221

1,120 sq ft · Townhouse · Single Family · built 2002 · 12 days on market

listed by Karen Keveryga, Royal LePage Benchmark

realtor's description

RARE FIND! Why buy an apartment...when you can get a townhouse in this budget...that offers 2 beds, 2 baths, a GREAT living/dining/kitchen area - a FULL-SIZE BASEMENT (556.03 sq. ft. with bathroom rough-in) PLUS an attached single garage! FYI - winter is coming!!!!! Offered by the original owner, this beautifully maintained home has a one-of-a-kind floorplan with phenomenal SOUTHWEST-FACING VIEWS out the front over Inverness Pond. Enjoy that amazing VIEW all year long! Relax on the private concrete patio - in your fully fenced front yard & watch sunsets over the water. Sun streams into your new home through the large expansive windows. Remarkably TALL 9'10" CEILINGS on the main floor - make the open-concept layout feel even bigger. You get 1119.78 sq. ft. above grade PLUS the 556.03 sq. ft. basement, with 2 spacious bedrooms. The primary offers views of the MOUNTAINS...imagine waking up to that??!! The second bedroom can be a versatile den/office/guest space or the perfect teen or roommate space with room for living and studying/working. 4 piece bath on top level PLUS a 2 piece bath conveniently located on main floor. The basement space offers incredible potential - family room, gym, extra storage! Laundry located here. Insulated single attached garage PLUS additional parking close by - for guests or second cars!!! The Pond is right across the street, which is incredible for your future lifestyle: walk, ride your bike or take the dog out for a stroll. This complex is PET FRIENDLY! Newer asphalt shingles + upgrades being done in complex makes it feel current. The community is anchored by a European-inspired area called High Street featuring local cafes, restaurants, medical services & everyday shops - so you do not always need to drive. Get there in 3 mins from your front door! Major retail corridors like 130th Avenue SE are also just a short drive away. Area features tree-lined streets, front porches, rear-lane garages & green spaces designed to encourage a neighbourly "vibe". Residents have access to community hubs like Prestwick Common (featuring a splash park & seasonal events), Elgin Hill (with a winter toboggan run), + an outdoor hockey rink. Close to Fish Creek Provincial Park & the South Health Campus YMCA. McKenzie Towne is home to 3 designated schools located right inside the community - both Public & Catholic options. Close to major roadways (but not so close you hear them!) - Deerfoot Trail and Stoney Trail, it offers a straightforward commute to downtown Calgary! Get to the airport in under 30 mins as well. If walking your dog around the pond is not enough - Auburn Bay Dog Park is 5 min car ride away. One of the best opportunities in the community, so call today!

property details

type
Townhouse, Single Family
bedrooms
2
bathrooms
2
living area
1,120 sq ft
parking
1
year built
2002
property tax
$2,610 / yr
strata fee
$430 / mo ($0.38 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
12
MLS®
A2352134

features

  • Other
  • Pets Allowed With Restrictions
  • Washer
  • Refrigerator
  • Dishwasher
  • Stove

monthly cost

$2,172/mo
Mortgage $1,524 · Tax $218 · Strata $430

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,524/ monthly
loan $279,920
25-year amortization
total interest
$177,424
land title fees
$730
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$70,710
down + land title fees
total paid
$457,344

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$1,840/mo
after all costs
−$654/mo
cap rate
3.0%
yearly net rent ÷ price

Costs: mortgage $1,524 · tax $218 · strata $430 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Calgary: CMHC's average there ($1,908) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

location

McKenzie Towne, CalgaryGoogle Maps ↗

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE McKenzie Highlands School789 m
  • Secondary · CBE Joane Cardinal-Schubert High School4.0 km
  • Elementary · Catholic St. Albert the Great960 m
  • Secondary · Catholic Bishop O'Byrne High School7.6 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Karen Keveryga
Royal LePage Benchmark
call Karen · 403-710-2502
Powered by: REALTOR.ca
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similar homes nearby

city assessment

$392,500

2026 assessment · market value as of July 1, 2025

  • Down 1.8% from $399,500 in 2025
  • $284,500 in 2016 (38% over ten years)
  • Asking price is 11% below the assessment
  • Built 2002
  • Lot 3,650 m² (39,288 sq ft)
roll yearassessed
2026$392,500
2025$399,500
2024$332,500
2023$273,500
2022$243,000
2021$233,000
2020$240,000
2019$261,500

From City of Calgary open data (property assessments), matched to 140 PROMENADE WY SE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,610 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $2,610 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

location

McKenzie Towne, CalgaryGoogle Maps ↗
Drive times
  • McKenzie Highlands2 min
  • South Health Campus8 min
  • Joane Cardinal-Schubert High9 min
  • St. Mary's University15 min
  • Downtown Calgary26 min
  • YYC airport31 min
87

Walkability 87/100 · Very walkable: most errands on foot

Within a 10 minute walk: 1 grocery store, 15 places to eat or drink, 3 cafes, 10 parks and playgrounds, 2 pharmacies, 35 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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