Chinatown, Calgary · MLS® A2326741
111
378 sq ft · Condo · Single Family · built 2015 · 22 days on market
listed by Tom Tan, First Place Realty
First-Time Buyers & Smart Investors — Take Notice!If you're looking to break into the real estate market or expand your portfolio, this affordable studio suite offers unbeatable value and cash flow potential. With ownership costs lower than average rent, you could start building equity while saving money — or as a landlord to see if this one could generating positive monthly returns. Steps from the Bow River, Prince’s Island Park, and the city's iconic river pathways. Nestled in the vibrant Waterfront community, minutes from downtown. Enjoy stylish city living at the most competitive price on the market. Ideal for professionals, students, or investors seeking a blend of affordability, convenience, and urban flair. Full fitness center: gym, steam room, hot tub. Private movie theatre, workspaces, and cozy gathering lounges. Underground parking, secure storage, car wash, and community gardens. Sleek and modern with laminate flooring throughout. Designer kitchen: quartz countertops, stainless appliances, gas cooktop. In-suite laundry and a balcony with east-facing RIVER views — perfect for summer BBQs. Upcoming. Eau Claire Athletic Club replacing the former YMCA , Fully redesigned Eau Claire Plaza with an urban beach, event spaces, and lush green areas. New shopping, dining, and the proposed Green Line LRT station. Adjacent Chinatown area undergoing a cultural and architectural renaissance and easy access to major roads
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,002 · tax $139 · strata $382 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in Calgary: CMHC's average there ($1,581) 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: 3 Street Southwest CTrain station, 800 m (about 12 min walk); 1 Street Southwest CTrain station, 800 m (about 12 min walk).
$250,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $250,000 |
| 2025 | $278,500 |
| 2024 | $251,000 |
| 2023 | $228,000 |
| 2022 | $212,000 |
| 2021 | $217,500 |
| 2020 | $229,500 |
| 2019 | $237,500 |
From City of Calgary open data (property assessments), matched to 304 51 WATERFRONT ME SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,662 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $1,662 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: 3 Street Southwest CTrain station, 800 m (about 12 min walk); 1 Street Southwest CTrain station, 800 m (about 12 min walk).
Walkability 92/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 58 places to eat or drink, 19 cafes, 15 parks and playgrounds, 1 pharmacy, 28 transit stops.
mihom score from OpenStreetMap places, by straight line distance.