Chinatown, Calgary · MLS® A2338403
221
768 sq ft · Condo · Single Family · built 2012 · 66 days on market
listed by Joanna Barstad, Royal LePage Benchmark
Freshly updated with brand-new carpet, this 768 sq ft, two-bedroom, two-bathroom residence in (The Flats Tower) at Waterfront delivers clean, modern inner-city living. Soaring nine-foot ceilings and expansive floor-to-ceiling windows that flood the open-concept layout with light. The functional kitchen comes appointed with quartz countertops, a large eat up bar, full-height cabinetry, and a full stainless steel appliance package. Thoughtfully separated for privacy, the primary bedroom serves as a quiet retreat, offering a walk through closet and attached 5 piece ensuite. The second room with sliding glass door, is steps away from a 3 piece bathroom. This room offers flexibility for guests or a home office setup. Key practical features include in-suite laundry, central air conditioning, an assigned parking stall, and an assigned storage locker. Residents enjoy access to resort-style amenities, including concierge service, a fitness centre, hot tub, sauna, social lounge, private theatre, garden patio, and an on-site car wash. Situated directly along the Bow River pathway network, this location puts Prince's Island Park, Eau Claire, Chinatown, and downtown offices right at your doorstep.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,503 · tax $248 · strata $738 · 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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Rapid transit: 3 Street Southwest CTrain station, 700 m (about 11 min walk); 1 Street Southwest CTrain station, 700 m (about 11 min walk).
$447,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $447,500 |
| 2025 | $498,500 |
| 2024 | $422,500 |
| 2023 | $378,500 |
| 2022 | $359,000 |
| 2021 | $371,000 |
| 2020 | $402,000 |
| 2019 | $434,000 |
From City of Calgary open data (property assessments), matched to 521 222 RIVERFRONT AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $2,976 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $2,976 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: 3 Street Southwest CTrain station, 700 m (about 11 min walk); 1 Street Southwest CTrain station, 700 m (about 11 min walk).
Walkability 93/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 64 places to eat or drink, 23 cafes, 14 parks and playgrounds, 1 pharmacy, 34 transit stops.
mihom score from OpenStreetMap places, by straight line distance.