305, 532 5 Avenue NE

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$325,000

305, 532 5 Avenue NE

Renfrew, Calgary · MLS® A2352295

221

857 sq ft · Condo · Single Family · built 2005 · 9 days on market

listed by Matt Burnham, Real Broker

realtor's description

Highly sought-after 2-bedroom, 2-bathroom condo offering 857 sq. ft. of thoughtfully designed living space in an unbeatable location. Situated in a well-managed building, this very well-maintained and move-in ready unit features new flooring throughout, a bright open-concept layout, in-suite laundry, and a private balcony overlooking green space. The functional floor plan offers excellent separation between the bedrooms, making it ideal for roommates, guests, or a home office setup. The spacious primary bedroom includes its own ensuite, while the second bedroom is conveniently located next to the main bathroom. Enjoy the comfort and convenience of heated titled underground parking, along with the benefits of low-maintenance condo living. Located just steps from some of Calgary’s best restaurants, cafés, pubs, shopping, and nightlife, while also offering easy access to parks, pathways, transit, and downtown. Whether you’re a first-time buyer, investor, or downsizer, this condo checks all the boxes. Reach out to your favourite realtor to book a showing.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 857 sq ft
parking: 1
year built: 2005
property tax: $2,157 / yr
strata fee: $681 / mo ($0.79 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 9
MLS®: A2352295

features

Pets Allowed With Restrictions
Washer
Refrigerator
Dishwasher
Stove
Dryer

monthly cost

$2,276/mo

Mortgage $1,416 · Tax $180 · Strata $681

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,416/ monthly

loan $260,000

25-year amortization

down payment20% · $65,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $164,798
land title fees: $685; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $65,685; down + land title fees
total paid: $424,798

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,840/mo
after all costs: −$619/mo
cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,416 · tax $180 · strata $681 · 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

location

Renfrew, CalgaryGoogle Maps ↗

Rapid transit: Bridgeland/Memorial CTrain station, 1.1 km (about 18 min walk); City Hall/Bow Valley College CTrain station, 1.3 km (about 21 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Stanley Jones School308 m
Secondary · CBE Crescent Heights High School1.2 km
Elementary · Catholic St. Alphonsus Elementary Junior High School984 m
Secondary · Catholic St. Isidore Online School2.0 km

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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