pillar/IMG-A2335931_1.jpg
4 days on Market

550 Riverfront Ave #1605, Calgary, Alberta T2G 1E5

In the same building:
-
Condo
1
2 + 1
~567.08 sqft
$289,888
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Condo
1
2 + 1
~567.08 sqft

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Highlights

Property Estimate

Days on market4 days

Estimated valueNot available

Price/Sqft$511/sqft

Monthly cost

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Description

INVESTOR ALERT – TURNKEY INCOME OPPORTUNITY IN EAST VILLAGE! An exceptional opportunity to secure a tenant-occupied property generating $1,895/month in rental income with tenancy in place until April 2027. Enjoy immediate income from day one in one of Calgary’s most vibrant inner-city communities! This stylish 1-bedroom, 1.5-bath residence offers a smart, functional layout with unobstructed river valley and south East Village views. The spacious living area provides excellent flexibility for entertaining or accommodating overnight guests, while the rare 2-piece powder room adds extra convenience. Modern finishes include quartz countertops, dark flooring, contemporary tilework, sleek lighting, and a glass shower. A generous walk-in closet plus a separate storage locker in the parkade provides plenty of additional storage. The building delivers outstanding lifestyle amenities, including a spectacular top-floor indoor/outdoor recreation and entertaining space with panoramic river and city views, plus fully equipped fitness and yoga rooms with an outdoor patio on the 3rd floor. PRIME LOCATION + TENANT IN PLACE + $1,895/MONTH RENTAL INCOME + INCREDIBLE VIEWS! Whether you’re expanding your investment portfolio or securing an East Village property for the future, this is a TURNKEY OPPORTUNITY you don’t want to miss!


Property Details

StyleApartment-Single Level Unit
View-
Age of property2015
SqFt~567.08 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberA2335931
Community NameDowntown East Village
Data SourcePILLAR 9
Listing byeXp Realty

Features

Heating: Fan Coil
Cooling: Central Air

Main Floor

2pc Bathroom

4`7" x 5`1"

3pc Ensuite bath

4`11" x 9`0"

Bedroom

8`9" x 18`10"

Foyer

7`10" x 5`3"


Features

Patio: Balcony(s)
Balcony: Balcony(s)

Parking

Garage spaces -

Garage type -

Total parking spaces 1


Amenities

Community Gardens, Fitness Center, Recreation Room, Roof Deck

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Aug 8, 2026
ListedActive
$289,888
4 days on market
history photo preview48
Listing by pillar 9®
Property listed by eXp Realty, Brokerage
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Market Data - Downtown East Village

Geo Zone Map ThumbnailDowntown East Village

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

99 days

Compared to

2025

50 days

2024

52 days

2023

63 days

New Listings

Past 30 days

9 listings

Compared to

2025

22 listings

2024

28 listings

2023

26 listings

Units sold

Past 30 days

4 units

Compared to

2025

8 units

2024

7 units

2023

17 units

Median Sold Price

Past 30 days

$292,500

Compared to

2025

$293,750

2024

$303,850

2023

$324,000


Population and Demographics

Overview

Total population 1736
Average household income $108,179

Age (%)

0 to 19
6%
20 to 34
35%
35 to 49
21%
50 to 64
17%
65 and plus
20%

Household composition (%)

Single person
65%
Single family
29%
Multi person
6%
Multi family
0%

Mother tongue (%)

English
71%
Yue (Cantonese)
7%
Mandarin
4%
Spanish
3%
Arabic
2%
French
2%
Tagalog (Pilipino, Filipino)
2%
Korean
2%
Vietnamese
1%
Others
0%

House tenancy (%)

Renters
74%
Owners
26%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget