2302, 55 Lucas Way NW

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

rent

$1,560/mo

after all costs

−$45/mo

cap rate

5.0%

yearly net rent ÷ price

Costs: mortgage $1,045 · tax $140 · strata $260 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Calgary: CMHC's average there ($1,581) 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

• Down 10.1% from $272,500 in 2025
• Asking price is 2% below the assessment
• Built 2022
• Lot 1,639 m² (17,646 sq ft)

From City of Calgary open data (property assessments), matched to 2302 55 LUCAS WY NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

about $1,629 a year

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

The listing shows $1,684 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.