Bowness, Calgary · MLS® A2344913
211
827 sq ft · Condo · Single Family · built 1981 · 42 days on market
listed by Patrick Murphy, Royal LePage Benchmark
Enjoy the exceptional value offered in this 2 bedroom, 1 bathroom condo in Silverwood On The Park – a premier concrete and brick building. Adult (18+) and pet-friendly living (with board approval and fee), with secure heated underground assigned parking, and visitor parking. This 5th floor unit has an excellent floor plan, with engineered hardwood flooring in principal rooms. The functional kitchen boasts upgraded pull outs in all cabinets – no more searching for items at the back of the cabinets! The dining area flows seamlessly into the inviting living room, which opens directly onto the expansive, FULLY SCREENED private balcony, merging indoor and outdoor living space. The well-sized primary bedroom and second bedroom both have new carpet and large windows and are just across the hall from the 4 pc bath. A large entry closet and substantial in-suite storage room complete this unit. This complex offers a wide array of desirable amenities, including 3 Rooftop Terraces on floors 5, 7 & 9 with stunning views, a Sauna, fitness centre, and a social room with kitchen and patio overlooking the Bowness Park lagoon. This is an incredible opportunity to enjoy low-maintenance living with unmatched views in a highly sought-after location. Utilities are included in the condo fees, making it easy to budget, and free common laundry is conveniently located on each floor. Just steps away from Bowness Park’s peaceful lagoon and the Bow River pathway system, 15 minutes to downtown, 10 to 15 minute drive to University of Calgary, Foothills Hospital, and close to shopping, restaurants & pubs, transit and Stoney Trail towards the YYC airport or the Trans-Canada Highway west to the mountains. Fantastic location!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $959 · tax $126 · strata $821 · 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
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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Walkability 55/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 3 places to eat or drink, 1 cafe, 12 parks and playgrounds, 1 school, 12 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
$228,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $228,000 |
| 2025 | $246,500 |
| 2024 | $213,500 |
| 2023 | $195,500 |
| 2022 | $184,500 |
| 2021 | $188,500 |
| 2020 | $183,500 |
| 2019 | $182,000 |
From City of Calgary open data (property assessments), matched to 508 8604 48 AV NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,516 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $1,516 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.