2, 6222 31 Avenue NW

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$290,000

2, 6222 31 Avenue NW

Bowness, Calgary · MLS® A2354271

211

480 sq ft · Townhouse · Single Family · built 1971 · 1 day on market

listed by Jeff Mikolajow, RE/MAX Complete Realty

realtor's description

Great opportunity for Investors or first time Buyers! Fantastic location adjacent to a large field and within minutes from Foothills Hospital, the Children’s Hospital, the University of Calgary and steps to the Bow River. Offering 849 SF of living space, the main floor features an abundance of natural light, hardwood floors, updated kitchen cabinetry, conveniently located laundry room with ample storage and a sunny SOUTH facing balcony. The lower level is complete with 2 generously scaled bedrooms, each with their own walk-in closet, and a 4 piece bathroom. A well managed complex with off street, assigned parking - book your showing today!

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 1
living area: 480 sq ft
parking: 1
year built: 1971
property tax: $2,031 / yr
strata fee: $300 / mo ($0.63 / sq ft)
strata rules: Pets Allowed
days on market: 1
MLS®: A2354271

features

Back lane
Closet Organizers
Parking
Pets Allowed
Fishing
Washer

monthly cost

$1,733/mo

Mortgage $1,264 · Tax $169 · Strata $300

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

estimated payment

$1,264/ monthly

loan $232,000

25-year amortization

down payment20% · $58,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $147,051
land title fees: $625; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $58,625; down + land title fees
total paid: $379,051

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: −$215/mo
cap rate: 4.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,264 · tax $169 · strata $300 · 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

Bowness, CalgaryGoogle Maps ↗

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Christine Meikle School1.1 km
Elementary · Catholic Our Lady of the Assumption School1.1 km
Secondary · Catholic St. Francis High School5.2 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.

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