Cliff Bungalow, Calgary · MLS® A2322436
221
1,096 sq ft · Townhouse · Single Family · built 1989 · 120 days on market
listed by Grant Smith, RE/MAX First
** Value Alert** Welcome to Cliff Bungalow, where historic character meets one of Calgary’s most vibrant inner-city lifestyles. Perfectly positioned between Mission and Lower Mount Royal, this is the kind of neighborhood where your favorite coffee shop, yoga class, dinner reservation, and riverside walk are all just minutes from your front door.This bright and beautifully maintained 2-bedroom, 2-bathroom townhouse offers 1,096 sq. ft. of freshly painted living space with a layout that’s as functional as it is inviting. The spacious primary bedroom enjoys unobstructed views of the Calgary Tower, adding a touch of downtown magic to your everyday routine.Set within an intimate boutique building with only a handful of residences, you'll appreciate the quieter atmosphere, personal feel, and refreshingly manageable condo fees. It's a home designed for easy ownership, giving you more time to enjoy everything the neighborhood has to offer.Step outside to your private southwest-facing deck for morning coffee or evening wine, or head up to the shared rooftop patio to unwind with friends while taking in the city skyline. Covered assigned parking and a large private storage locker add everyday convenience.One of the biggest draws of Cliff Bungalow is its welcoming, walkable atmosphere. Tree-lined streets, heritage homes, independent businesses, and neighbors out enjoying the cafés, parks, and pathways create a vibrant sense of community that makes it easy to feel at home. Whether you're walking back from brunch on 4th Street or enjoying an evening stroll along the nearby Elbow River, this is a neighborhood that invites you to leave the car behind and embrace the lifestyle.With 17th Avenue, boutique shopping, exceptional dining, transit, downtown, and Calgary’s pathway network all within easy reach, this home offers the perfect blend of style, convenience, and connection. If you're looking for a home that reflects the way you want to live, low maintenance, full of cha racter, and surrounded by the best of inner-city Calgary—you've found it. Welcome home.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,913 · tax $219 · strata $358 · 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
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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Rapid transit: Erlton/Stampede CTrain station, 1.2 km (about 18 min walk); Victoria Park/Stampede CTrain station, 1.2 km (about 19 min walk).
$386,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $386,000 |
| 2025 | $425,500 |
| 2024 | $415,000 |
| 2023 | $360,000 |
| 2022 | $340,500 |
| 2021 | $350,500 |
| 2020 | $372,500 |
| 2019 | $393,000 |
From City of Calgary open data (property assessments), matched to 3 1921 5 ST SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $2,567 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $2,629 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.
Rapid transit: Erlton/Stampede CTrain station, 1.2 km (about 18 min walk); Victoria Park/Stampede CTrain station, 1.2 km (about 19 min walk).
Walkability 94/100 · Very walkable: most errands on foot
Within a 10 minute walk: 2 grocery stores, 95 places to eat or drink, 15 cafes, 10 parks and playgrounds, 5 schools, 4 pharmacies, 29 transit stops.
mihom score from OpenStreetMap places, by straight line distance.