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701, 16 Varsity Estates Circle NW
homes for sale · Calgary · Varsity
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$449,000

701, 16 Varsity Estates Circle NW

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

realtor's description

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!

property details

type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
1,040 sq ft
parking
1
year built
2014
property tax
$3,179 / yr
strata fee
$761 / mo ($0.73 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
30
MLS®
A2342265

features

  • See remarks
  • Other
  • No Smoking Home
  • Parking
  • Pets Allowed With Restrictions
  • Refrigerator

monthly cost

$2,982/mo
Mortgage $1,956 · Tax $265 · Strata $761

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

estimated payment
$1,956/ monthly
loan $359,200
25-year amortization
total interest
$227,675
land title fees
$910
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$90,710
down + land title fees
total paid
$586,875

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
$1,840/mo
after all costs
−$1,325/mo
cap rate
1.7%
yearly net rent ÷ price

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

location

Varsity, CalgaryGoogle Maps ↗

Rapid transit: Dalhousie CTrain station, 200 m (about 4 min walk).

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE West Dalhousie School910 m
  • Middle · CBE H. D. Cartwright School1.0 km
  • Secondary · CBE Sir Winston Churchill High School1.7 km
  • Elementary · Catholic St. Dominic School942 m
  • Middle · Catholic St. Vincent De Paul Elementary Junior High School1.2 km
  • Secondary · Catholic St. Francis High School4.8 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Allen Mehri
Century 21 Bravo Realty
call Allen · 403-462-9999
Powered by: REALTOR.ca

similar homes nearby

city assessment

$495,500

2026 assessment · market value as of July 1, 2025

  • Down 9.4% from $547,000 in 2025
  • $504,500 in 2016 (-2% over ten years)
  • Asking price is 9% below the assessment
  • Built 2011
  • Lot 3,487 m² (37,532 sq ft)
roll yearassessed
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.

property tax

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.

location

Varsity, CalgaryGoogle Maps ↗
Drive times
  • Sir Winston Churchill High4 min
  • Alberta Children's Hospital6 min
  • West Dalhousie6 min
  • University of Calgary6 min
  • Downtown Calgary14 min
  • YYC airport21 min

Rapid transit: Dalhousie CTrain station, 200 m (about 4 min walk).

88

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.

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