Cranston, Calgary · MLS® A2338391
221
1,102 sq ft · Condo · Single Family · built 2023 · 64 days on market
listed by Andrew Jones, CIR Realty
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.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
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
Nearest public (CBE) and Catholic schools, by distance
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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$430,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 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.
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.
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.