University District, Calgary · MLS® A2337067
221
1,236 sq ft · Condo · Single Family · built 2021 · 71 days on market
listed by Michael Laprairie, Jayman Realty Inc.
LUXURY LIVING WITH UNRIVALED INNER CITY LIVING IN UNIVERSITY DISTRICT – 275 LEBEL CRESCENT NW. 6 MONTHS FREE CONDO FEES! Indulge in the pinnacle of upscale living in this exceptional condo in the prestigious Cabella development—located in Calgary’s premier NW lifestyle community. Offering a rare blend of expansive living space and refined elegance, this 1235+ sq ft residence is designed for those who value quality, privacy, and breathtaking surroundings. From the moment you step into the spacious foyer, you're greeted by abundant natural light streaming through numerous large east-facing windows, creating a warm, welcoming atmosphere. Views of the central courtyard, will sweep you into the heart of the condo, which features two distinct yet flowing living and dining areas, each anchored by a central island in the kitchen—ideal for entertaining or unwinding. An outdoor 12' x 7' covered balcony provides seasonal escapes, offering panoramic east/south views of University District, Magna Park, Nose Hill, and inner courtyard—an ever-changing natural masterpiece at your doorstep. Inside, the bespoke gourmet kitchen features white quartz countertops, upgraded cabinetry, and generous storage. In the private quarters, you'll find a beautifully appointed in-suite laundry room with matching cabinetry and surfaces, blending utility with style. The first primary bedroom suite is a sanctuary, featuring a five-piece spa-style ensuite, and a walk-in closet. A cozy den is an ideal space for reading, working, or hobbies. The second bedroom is equally luxurious, with generous proportions, large window with courtyard views, and quick access to the main bathroom. This four-piece features a tiled shower with glass doors and a vanity with ample storage, providing convenience and comfort. This home also includes a private, attached garage with additional side windows for natural light and storage space — a rare and valuable feature in condo living. Additionally, it's conveniently located j ust a few steps from your elevator. Life at Capella is defined by lifestyle and community. Capella, developed by Brookfield Residential in Calgary’s University District, offers a "lock-and-leave" luxury lifestyle that blends high-end, maintenance-free living with immediate access to a vibrant, walkable urban environment. As part of a 200-acre master-planned community, Capella specifically appeals to a diverse demographic—including downsizers, professionals, and academics—seeking to balance comfort with convenience. Set against the backdrop of the University of Calgary, this extraordinary penthouse combines space, privacy, and refined living in an unbeatable location. Don’t miss your chance to experience luxury living at its finest—schedule your private tour today.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $3,834 · tax $488 · strata $672 · 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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Rapid transit: Brentwood CTrain station, 1.4 km (about 22 min walk); University CTrain station, 1.8 km (about 28 min walk).
$881,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $881,000 |
| 2025 | $869,500 |
| 2024 | $704,000 |
| 2021 | $341,500 |
From City of Calgary open data (property assessments), matched to 302 275 LEBEL CR NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $5,859 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $5,858 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: Brentwood CTrain station, 1.4 km (about 22 min walk); University CTrain station, 1.8 km (about 28 min walk).
Walkability 97/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 23 places to eat or drink, 9 cafes, 12 parks and playgrounds, 1 school, 1 pharmacy, 14 transit stops.
mihom score from OpenStreetMap places, by straight line distance.