209-333 Riverfront Avenue SE

Description

$224,000 — the lowest-priced home on Riverfront Avenue. Original owner since 2001. Walk Score 97. Heated underground parking included. No unit at this price point has traded on this corridor in the past six months. Positioned directly along the Bow River where no new development can be built between the building and the water, this 1-bedroom, 1-bathroom home in The Riverfront offers 487 square feet of open-concept living with 9-foot ceilings, in-floor radiant heating, an electric fireplace, and a private balcony. The kitchen includes a dishwasher, range, range hood, and refrigerator. In-suite laundry and elevator access to the second floor. At this price point, monthly ownership costs — including the condominium contribution — align closely with current East Village rental rates, with the fundamental difference that ownership builds equity with every payment. The condominium contribution covers heat, water, sewer, insurance, snow removal, heated underground parking, professional management by Magnum York, and reserve fund contributions — consolidating what would otherwise be multiple separate expenses into one predictable monthly payment, backed by 25 years of continuous professional management. The C-Train Free Fare Zone is a six-minute walk. Real Canadian Superstore, the Central Library, Bow River pathways, and East Village's expanding collection of cafés and restaurants are all within walking distance — a location that may reduce or eliminate the need for a vehicle entirely. Five units are currently listed in this building. This is the only one-bedroom, and the only one priced below $250,000. Ownership in an established riverside community is a long-term position — one where the benefits of building equity compound over time against a backdrop of rising rental costs across Calgary's urban core.