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2304, 42 Cranbrook Gardens SE
homes for sale · Calgary · Cranston
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$477,000

2304, 42 Cranbrook Gardens SE

Cranston, Calgary · MLS® A2338391

221

1,102 sq ft · Condo · Single Family · built 2023 · 64 days on market

listed by Andrew Jones, CIR Realty

realtor's description

Welcome to this spacious 2 bedroom, 2 bathroom third-floor condo in Cranston’s desirable Riverstone community. Designed with a bright, open-concept layout, this home offers an impressive amount of living space with large south-facing windows that bring in plenty of natural light throughout the day. The modern kitchen is well appointed with quartz countertops, stainless steel appliances, ample cabinetry, a pantry and a large central island with seating, all flowing seamlessly into the dining and living areas. From here, step outside onto the large south-facing balcony, an ideal spot to relax and enjoy the open views.The primary bedroom offers a comfortable private retreat, complete with a beautiful 4-piece ensuite featuring a double vanity, which flows directly into an oversized walk-in closet. A generously sized second bedroom sits near the second full bathroom, making it ideal for guests, a home office or additional family space. In-suite laundry adds everyday convenience, while the underground parking stall keeps your vehicle secure and protected year-round.Located just steps from pathways, green spaces and the natural beauty surrounding the Bow River and Fish Creek Park, Riverstone offers a quieter setting without sacrificing convenience. Shopping, restaurants, the South Health Campus, Seton amenities and major roadways are all just minutes away. With a functional floor plan, excellent natural light, a large outdoor space and a sought-after south-facing exposure, this well-designed condo is an excellent opportunity to enjoy low-maintenance living in one of southeast Calgary’s most attractive communities.

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,102 sq ft
parking
1
year built
2023
property tax
$2,862 / yr
strata fee
listed by
Andrew Jones
CIR Realty
call Andrew · 403-818-1637
Powered by: REALTOR.ca

similar homes nearby

$438 / mo ($0.40 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
64
MLS®
A2338391

features

  • Parking
  • Pets Allowed With Restrictions
  • See remarks

monthly cost

$2,755/mo
Mortgage $2,078 · Tax $239 · Strata $438

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

estimated payment
$2,078/ monthly
loan $381,600
25-year amortization
total interest
$241,873
land title fees
$965
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$96,365
down + land title fees
total paid
$623,473

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
−$1,097/mo
cap rate
2.5%
yearly net rent ÷ price

Costs: mortgage $2,078 · tax $239 · strata $438 · insurance ~$35 · 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

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Sibylla Kiddle School1.7 km
  • Middle · CBE Dr. George Stanley School2.3 km
  • Secondary · CBE Joane Cardinal-Schubert High School2.6 km
  • Elementary · Catholic Our Lady of the Rosary School1.4 km
  • Middle · Catholic Christ the King Catholic School2.9 km
  • Secondary · Catholic All Saints School3.9 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.

location

Cranston, CalgaryGoogle Maps ↗

city assessment

$430,500

2026 assessment · market value as of July 1, 2025

  • Down 7.9% from $467,500 in 2025
  • Asking price is 11% above the assessment
  • Built 2022
  • Lot 12,607 m² (135,695 sq ft)
roll yearassessed
2026$430,500
2025$467,500
2024$373,000

From City of Calgary open data (property assessments), matched to 2304 42 CRANBROOK GD 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 $2,863 a year

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

The listing shows $2,862 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

Cranston, CalgaryGoogle Maps ↗
Drive times
  • Our Lady of the Rosary4 min
  • South Health Campus7 min
  • Joane Cardinal-Schubert High9 min
  • St. Mary's University18 min
  • Downtown Calgary31 min
  • YYC airport36 min
20

Walkability 20/100 · Mostly by car

Within a 10 minute walk: 9 parks and playgrounds, 5 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

206 Cranbrook Square SE, Calgary
206 Cranbrook Square SE, Calgary, photo 2
206 Cranbrook Square SE, Calgary, photo 3
206 Cranbrook Square SE, Calgary, photo 4
206 Cranbrook Square SE, Calgary, photo 5
206 Cranbrook Square SE, Calgary, photo 6
206 Cranbrook Square SE, Calgary, photo 7
206 Cranbrook Square SE, Calgary, photo 8
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316, 30 Cranfield Link SE, Calgary, photo 6
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