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407, 404 1 Avenue SE
homes for sale · Diamond Valley
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$465,000

407, 404 1 Avenue SE

Diamond Valley · MLS® A2336829

121

1,080 sq ft · Condo · Single Family · built 2025 · 73 days on market

listed by Amy Bates, RE/MAX Complete Realty

realtor's description

There is something about Mountain View Ridge that people wait for — and when the right one finally comes up, you know it. This is the top-floor corner everyone hopes for. A wraparound balcony, big views, walls of windows and that extra bit of privacy you just do not get on the lower floors. And yes, there is an elevator to take you right up. Better yet, there is no waiting on construction. This one is finished, upgraded and ready whenever you are. Inside, it feels almost untouched. The sellers are incredibly particular, and it shows. Upgraded quartz, commercial-grade stainless appliances, beautiful lighting and a custom one-bedroom floor plan that gives you far more living space than you would expect. The kitchen is loaded with cabinetry, anchored by a large island with plenty of room for a proper dining table, while the living area stretches along the windows so the view is always part of the room. The primary suite easily handles a king-sized bed and has its own four-piece ensuite with a custom shower, plus there is a second full bathroom for guests. And then there is Diamond Valley itself. This is one of those towns people discover and then wonder why they did not move here sooner. Mountains in the distance, local shops and restaurants you actually want to visit, trails and outdoor space everywhere, and that small-town feeling where life just seems a little less rushed. Calgary and Okotoks are still close enough when you need them, but at the end of the day, you get to come home here. Mountain View Ridge does not see many top-floor corner units like this — especially ones you can have now. Come see the view, walk the space and decide this is the one you have been waiting for!

property details

type
Condo, Single Family
bedrooms
1
bathrooms
2
living area
1,080 sq ft
parking
1
year built
2025
property tax
$3,067 / yr
strata fee
$449 / mo ($0.42 / sq ft)
strata rules
Pets Allowed, Pets Allowed With Restrictions
days on market
73
MLS®
A2336829

features

  • See remarks
  • No Smoking Home
  • Gas BBQ Hookup
  • Parking
  • Pets Allowed
  • Pets Allowed With Restrictions

monthly cost

$2,730/mo
Mortgage $2,026 · Tax $256 · Strata $449

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

estimated payment
$2,026/ monthly
loan $372,000
25-year amortization
total interest
$235,788
land title fees
$940
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$93,940
down + land title fees
total paid
$607,788

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
$1,390/mo
after all costs
−$1,487/mo
cap rate
1.4%
yearly net rent ÷ price

Costs: mortgage $2,026 · tax $256 · strata $449 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Alberta: CMHC's average there ($1,402) lowered by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (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

Diamond ValleyGoogle Maps ↗

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listed by
Amy Bates
RE/MAX Complete Realty
call Amy · 403-869-9585
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

property tax

about $3,859 a year

The asking price times Diamond Valley's 2026 residential rate of 8.30 per $1,000 (municipal and education).

The listing shows $3,067 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. Without the city's assessment this uses the asking price, so it's a rough guide.

location

Diamond ValleyGoogle Maps ↗
Drive times
  • Oilfields High3 min
  • Oilfields General Hospital4 min
  • St. Mary's University43 min
  • Downtown Calgary60 min
  • YYC airport65 min
60

Walkability 60/100 · Walkable: many errands on foot

Within a 10 minute walk: 6 places to eat or drink, 1 cafe, 3 parks and playgrounds, 2 pharmacies.

mihom score from OpenStreetMap places, by straight line distance.

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