304, 15207 1 Street SE

rent

$1,840/mo

after all costs

−$622/mo

cap rate

3.1%

yearly net rent ÷ price

Costs: mortgage $1,524 · tax $180 · strata $575 · 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

Rapid transit: Shawnessy CTrain station, 800 m (about 12 min walk); Fish Creek–Lacombe CTrain station, 800 m (about 12 min walk).

• Down 7.5% from $352,000 in 2025
• $336,000 in 2016 (-3% over ten years)
• Asking price is 7% above the assessment
• Built 2011
• Lot 1,896 m² (20,405 sq ft)

From City of Calgary open data (property assessments), matched to 304 15207 1 ST SE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

about $2,165 a year

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

The listing shows $2,164 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: Shawnessy CTrain station, 800 m (about 12 min walk); Fish Creek–Lacombe CTrain station, 800 m (about 12 min walk).