Crescent Heights, Calgary · MLS® A2323460
111
625 sq ft · Condo · Single Family · built 1963 · 124 days on market
listed by Ron O'Shea, TREC The Real Estate Company
*** NEW PRICE *** . Welcome to an outstanding opportunity in the community of Crescent Heights, one of Calgary’s most established and desirable inner-city neighbourhoods. Perfectly positioned just minutes from the downtown core, this bright and affordable 625 sq. ft. one-bedroom condominium offers exceptional value for first-time buyers, investors, or anyone seeking a low-maintenance urban lifestyle. AIRBnb friendly (must have board approval). From the moment you step inside, you’ll appreciate the modern feel created by the new vinyl plank flooring that flows throughout the spacious living and dining areas. The open-concept design maximizes every square foot, creating a comfortable and functional space for everyday living and entertaining. The large north-facing patio doors flood the home with natural light while providing a peaceful outlook over the surrounding neighbourhood. Whether enjoying your morning coffee or relaxing after a busy day, the bright living area offers a welcoming retreat. One of the standout features of this property is the building itself. Constructed of concrete with approximately 6-inch thick floor systems, residents enjoy enhanced durability and superior noise reduction, compared to many wood-frame buildings. This solid construction helps create a quieter living environment, making it an ideal choice for those who value peace and privacy. The galley-style kitchen provides ample cabinetry and workspace, while the generously sized bedroom offers plenty of room for furnishings and storage. Practicality is another major advantage. Laundry facilities are conveniently located in the hallway on the same floor, ( steps away from unit ) with other laundry rooms available on every level of the building. The assigned parking stall is ideally situated just outside the main stairwell entrance, providing quick and easy access to your vehicle year-round. Yes, there is also an elevator for anyone with mobility issues. Location is everything and Crescen t Heights delivers. Residents enjoy exceptional access to downtown Calgary, river pathways, public transit, restaurants, coffee shops, shopping, and countless amenities. Whether commuting to work, enjoying a night out, or taking advantage of Calgary’s extensive pathway system, everything is within easy reach. Adding even more value are the affordable condo fees, helping keep monthly ownership costs manageable while providing the convenience and lifestyle benefits condominium living offers.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $679 · tax $118 · strata $417 · 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: City Hall/Bow Valley College CTrain station, 800 m (about 13 min walk); Centre Street CTrain station, 900 m (about 14 min walk).
$212,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $212,500 |
| 2025 | $172,000 |
| 2024 | $142,000 |
| 2023 | $115,500 |
| 2022 | $107,500 |
| 2021 | $116,000 |
| 2020 | $128,000 |
| 2019 | $152,000 |
From City of Calgary open data (property assessments), matched to 401 316 1 AV NE. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,413 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $1,413 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: City Hall/Bow Valley College CTrain station, 800 m (about 13 min walk); Centre Street CTrain station, 900 m (about 14 min walk).
Walkability 92/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 54 places to eat or drink, 11 cafes, 18 parks and playgrounds, 2 schools, 2 pharmacies, 19 transit stops.
mihom score from OpenStreetMap places, by straight line distance.