Varsity, Calgary · MLS® A2342265
221
1,040 sq ft · Condo · Single Family · built 2014 · 30 days on market
listed by Allen Mehri, Century 21 Bravo Realty
PRICED TO SELL! — Exceptional Value in a Prime Inner-City Location!Don’t miss this opportunity! This stunning **7th-floor 2-bedroom, 2-bathroom condo is priced well below city assessment and offered for a quick sale! Whether you're a first-time buyer, professional, student, or investor, this property offers an outstanding combination of **location, lifestyle, and value.**Step inside to a bright, spacious **open-concept layout** featuring beautiful **engineered hardwood flooring** and quality finishes throughout. The modern kitchen boasts **granite countertops, stainless steel appliances, plenty of cabinetry**, and a functional design that opens seamlessly to the dining and living areas.The **sunny south-facing balcony and view ** provides excellent natural light and elevated views — the perfect place to enjoy your morning coffee or unwind after a busy day.You'll also appreciate the convenience of **underground heated parking and assigned storage**, along with a well-maintained building.The location is exceptional — just minutes to the : LRT, SAIT, University of Calgary, Foothills Hospital, shopping, restaurants, transit, and major amenities. Everything you need is right at your doorstep!This is a fantastic opportunity to own in a highly desirable inner-city location at a price that represents exceptional value. Priced for a quick sale — don’t wait! Book your private showing today before this one is gone!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,956 · tax $265 · strata $761 · 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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$495,500
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 2026 | $495,500 |
| 2025 | $547,000 |
| 2024 | $485,500 |
| 2023 | $424,500 |
| 2021 | $431,000 |
| 2020 | $438,500 |
| 2019 | $461,500 |
| 2018 | $478,500 |
From City of Calgary open data (property assessments), matched to 701 16 VARSITY ESTATES CI NW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.
about $3,295 a year
The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).
The listing shows $3,179 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: Dalhousie CTrain station, 200 m (about 4 min walk).
Walkability 88/100 · Very walkable: most errands on foot
Within a 10 minute walk: 1 grocery store, 8 places to eat or drink, 4 cafes, 16 parks and playgrounds, 4 pharmacies, 31 transit stops.
mihom score from OpenStreetMap places, by straight line distance.