5F, 515 17 Avenue SW

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$160,000

5F, 515 17 Avenue SW

Cliff Bungalow, Calgary · MLS® A2327625

610 sq ft · Condo · Single Family · built 1967 · 108 days on market

listed by Jessica Wirsche, MaxWell Canyon Creek

realtor's description

One-bedroom, one-bathroom condo located just off 17th Avenue SW in the heart of Calgary. North facing balcony so you can view vibrant 17th Ave below. Situated in a solid concrete building with shared laundry, the location puts you steps from restaurants, shopping, transit, and everyday amenities. Schools, parks, and downtown offices are all within easy reach.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 610 sq ft
parking: 0
year built: 1967
property tax: $1,210 / yr
strata fee: $401 / mo ($0.66 / sq ft)
strata rules: Pets Allowed With Restrictions
days on market: 108
MLS®: A2327625

features

See remarks
Pets Allowed With Restrictions
None

city assessment

$182,000

2026 assessment · market value as of July 1, 2025

Down 9.2% from $200,500 in 2025
$195,500 in 2016 (-7% over ten years)
Asking price is 12% below the assessment
Built 1968
Lot 2,790 m² (30,031 sq ft)

roll year	assessed
2026	$182,000
2025	$200,500
2024	$164,500
2023	$142,500
2022	$133,500
2021	$124,000
2020	$132,000
2019	$139,000

From City of Calgary open data (property assessments), matched to 5F 515 17 AV SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $1,210 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $1,210 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.

monthly cost

$1,198/mo

Mortgage $697 · Tax $101 · Strata $401

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

estimated payment

$697/ monthly

loan $128,000

25-year amortization

down payment20% · $32,00020%+ 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: $81,131
land title fees: $390; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $32,390; down + land title fees
total paid: $209,131

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: $202/mo
cap rate: 6.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $697 · tax $101 · strata $401 · 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