609, 1500 7 Street SW

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$289,900

609, 1500 7 Street SW

Beltline, Calgary · MLS® A2337364

111

508 sq ft · Condo · Single Family · built 2013 · 72 days on market

listed by Amit Gupta, RE/MAX Real Estate (Mountain View)

realtor's description

1 BED 1 BATH WITH UNDERGROUND TITLED PARKING STALL AND TITLED STORAGE UNIT. Experience stylish urban living in this beautifully designed one-bedroom condo in Calgary’s vibrant Beltline district. Located in The Drake, a LEED-certified green building, this contemporary residence offers modern finishes, excellent amenities, and an unbeatable inner-city location. The bright, functional floor plan features one bedroom and one full bathroom, along with a sleek kitchen with granite countertops and stainless steel appliances. Enjoy the convenience of in-suite laundry and storage, while floor-to-ceiling windows fill the home with natural light and offer impressive city views. The east-facing exposure welcomes beautiful morning sunshine, creating a bright and inviting atmosphere throughout the space. Step outside onto the spacious balcony, perfect for relaxing or entertaining. This well-maintained and professionally managed building also includes one titled, secure, heated underground parking stall (#105), visitor parking, and a separate titled storage locker (#73). Condo fees include all common utilities except electricity, offering added convenience and predictable monthly expenses. Enjoy an exceptional downtown lifestyle just steps from 17th Avenue SW, Western Canada High School, downtown Calgary, trendy restaurants, pubs, cafés, shopping, public transit, and GoodLife Fitness. The Stampede Grounds and nearby recreational facilities are also within easy reach. Whether you are a first-time buyer, investor, or looking for a sophisticated second residence in the inner city, this exceptional Beltline condo offers an ideal combination of location, lifestyle, convenience, and value.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 508 sq ft
parking: 1
year built: 2013
property tax: $1,895 / yr
strata fee: $440 / mo ($0.87 / sq ft)
strata rules: Pets Allowed, Pets Allowed With Restrictions
days on market: 72
MLS®: A2337364

features

PVC window
No Animal Home
No Smoking Home
Parking
Pets Allowed
Pets Allowed With Restrictions

monthly cost

$1,861/mo

Mortgage $1,263 · Tax $158 · Strata $440

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

estimated payment

$1,263/ monthly

loan $231,920

25-year amortization

down payment20% · $57,98020%+ 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: $147,000
land title fees: $625; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $58,605; down + land title fees
total paid: $378,920

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: −$460/mo
cap rate: 3.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,263 · tax $158 · strata $440 · 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

Beltline, CalgaryGoogle Maps ↗

Rapid transit: 8 Street Southwest CTrain station, 900 m (about 14 min walk); 7 Street Southwest CTrain station, 900 m (about 14 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

Elementary · CBE Connaught School689 m
Middle · CBE Mount Royal School1.1 km
Secondary · CBE Western Canada High School217 m
Elementary · Catholic St. Monica School806 m
Secondary · Catholic St. Mary's High School1.1 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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