Varsity, Calgary · MLS® A2343070
211
399 sq ft · Condo · Single Family · built 1976 · 43 days on market
listed by Annie Demello, The Real Estate District
Tucked into the heart of Varsity, this freshly updated two-level apartment is one of those homes that makes you realize you may not need as much space — or as much money — as you thought to live really well.The main level is bright, open and surprisingly spacious, with a comfortable living room, dining area and refreshed kitchen that all flow naturally together. Freshly painted, new laminate flooring and stainless steel appliances (all updated in 2022, including washer and dryer) give the space a clean, modern feel, while built-in shelving in the pantry adds a little character and function you don’t always find at this price point. Step outside onto your balcony for your morning coffee, or simply enjoy having your own outdoor space without the upkeep of a yard.Downstairs is where the layout really sets this one apart. Two bedrooms and a beautifully updated full bathroom create a quiet, separate retreat from the main living space. And while the bedrooms are technically below grade, the oversized windows bring in an unexpected amount of natural light and make the rooms feel bright, comfortable and far from basement-like.You’ll also have in-suite laundry, two access points to the home, one assigned surface parking stall and plenty of street parking. The Sauna (1st Floor) of this building + Gym (2nd Floor) are located in the other building, Building "A". And then there’s the location. You’re minutes from University of Calgary, close to Market Mall, surrounded by beautiful walking and biking routes at Varsity Ravine Park, and within easy reach of just about everything you need day to day. It’s the kind of convenience that gives you back time — whether you’re heading to class, commuting to work, meeting friends for coffee or getting outside for a walk.This could be a smart first step into homeownership, a great home base while attending university, or the perfect opportunity to simplify without giving up space.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,089 · tax $142 · strata $629 · 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: Brentwood CTrain station, 2 km (about 31 min walk); Dalhousie CTrain station, 2.2 km (about 34 min walk).
$256,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $256,500 |
| 2025 | $274,000 |
| 2024 | $224,500 |
| 2023 | $193,000 |
| 2022 | $172,500 |
| 2021 | $175,000 |
| 2020 | $188,500 |
| 2019 | $200,000 |
From City of Calgary open data (property assessments), matched to 56 3519 49 ST NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $1,706 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $1,705 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: Brentwood CTrain station, 2 km (about 31 min walk); Dalhousie CTrain station, 2.2 km (about 34 min walk).
Walkability 99/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 19 places to eat or drink, 8 cafes, 14 parks and playgrounds, 1 school, 2 pharmacies, 17 transit stops.
mihom score from OpenStreetMap places, by straight line distance.