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$239,900

458, 222 Riverfront Avenue SW

Chinatown, Calgary · MLS® A2330584

111

494 sq ft · Condo · Single Family · built 2013 · 96 days on market

listed by Winnie Ng, RE/MAX Real Estate (Mountain View)

realtor's description

LOWEST-PRICED UNIT IN THE HIGHLY SOUGHT-AFTER WATERFRONT COMPLEX! This is your opportunity to own in one of Calgary's premier downtown communities for just $239,900. Perfect for first-time buyers, young professionals, or investors, this 1-bedroom studio, 1-bathroom condo offers outstanding value, exceptional amenities, and an unbeatable location. Inside, you'll find a bright, open-concept layout featuring 9-foot ceilings, air conditioning, quartz countertops, stainless steel appliances, in-suite laundry, and contemporary finishes throughout. Step onto your private balcony overlooking the beautifully landscaped courtyard—the perfect place to enjoy your morning coffee or unwind after a busy day. This home also includes an assigned underground parking stall and private storage locker, adding everyday convenience and exceptional value. Residents of Waterfront enjoy an impressive selection of resort-style amenities, including a fully equipped fitness centre, yoga studio, hot tub, owners' lounge with a full kitchen and pool table, and a car wash bay. The location truly speaks for itself. Situated beside the Bow River and Sien Lok Park, you're just steps from Calgary's extensive river pathway system, Prince's Island Park, Chinatown, Eau Claire, downtown offices, fantastic restaurants, cafés, shopping, and convenient C-Train access. Whether you're commuting to work, enjoying the outdoors, or experiencing downtown's vibrant lifestyle, everything is right outside your door. Whether you're searching for an affordable downtown home or a turnkey investment with strong rental appeal, this property checks all the boxes. Modern finishes, premium amenities, underground parking, storage, and one of the best values in the building—this is downtown living without the downtown price tag. Don't miss your chance to own the lowest-priced unit in Waterfront—book your private showing today!

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 494 sq ft
parking: 1
year built: 2013
property tax: $1,921 / yr
strata fee: $475 / mo ($0.96 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 96
MLS®: A2330584

features

No Animal Home
No Smoking Home
Pets Allowed With Restrictions
Refrigerator
Cooktop - Gas
Dishwasher

monthly cost

$1,681/mo

Mortgage $1,045 · Tax $160 · Strata $475

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

estimated payment

$1,045/ monthly

loan $191,920

25-year amortization

down payment20% · $47,98020%+ 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: $121,646
land title fees: $535; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $48,515; down + land title fees
total paid: $313,566

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: $1,560/mo
after all costs: −$281/mo
cap rate: 3.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,045 · tax $160 · strata $475 · 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

location

Chinatown, CalgaryGoogle Maps ↗

Rapid transit: 3 Street Southwest CTrain station, 700 m (about 11 min walk); 1 Street Southwest CTrain station, 700 m (about 11 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Sunnyside School972 m
Middle · CBE Riverside School1.4 km
Secondary · CBE Crescent Heights High School989 m
Elementary · Catholic St. Monica School1.8 km
Secondary · Catholic St. Mary's High School1.8 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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