Was $289,888 · reduced $4,888 (1.7%) on Sep 22, 2026
1
Bedrooms
2.5
Bathrooms
567
Sq ft
2015
Year built
$1,958
Property tax (2026)
$572
Condo / HOA fee /mo
CalgaryListings Insight Tucked into the community of Downtown East Village, this 1-bedroom home at 1605, 550 Riverfront Avenue SE was built in 2015 and includes 2.5 bathrooms and 567 sq ft of living space above grade. Standout details include laminate flooring and air conditioning. Condo fees are approximately $572/month, including heat, water, and parking. Before writing, ask about condo fees, reserve fund health, bylaws, insurance deductibles, and building history. The recent price adjustment may change how this property compares with nearby active listings. MLS® A2335931.
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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!
Building AmenitiesCommunity Gardens · Fitness Center · Recreation Room · Roof Deck
Room Dimensions
Main Level
2pc Bathroom4`7" × 5`1"
3pc Ensuite bath4`11" × 9`0"
Bedroom8`9" × 18`10"
Foyer7`10" × 5`3"
Kitchen10`1" × 11`10"
Laundry4`6" × 2`11"
Living Room9`11" × 11`6"
Walk-In Closet8`1" × 4`11"
Listing Office
eXp Realty
Listing data provided via MLS®. Not intended to solicit buyers or sellers already under contract.
Property History
No previous MLS® listings on record for this property — this appears to be its first time offered. Want to know how often homes nearby change hands? Ask our team.
What did similar homes here actually sell for?
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Price changeAsking $285,000, down from $289,888 (1.7% lower). We have tracked it since 2026-09-16.
Time on marketOn the market 45 days. Apartment condos that sold in Downtown East Village over October 2025 – September 2026 averaged 59 days.
Price per sq ft$503 per sq ft above grade at asking, about 3% above the $487 per sq ft median across 47 comparable active apartment condos in Downtown East Village.
Worked out from this MLS® record, our published community data and the other active listings in Downtown East Village. Asking prices only; individual sold prices stay members-only under Alberta VOW rules.
Where this price sits in Downtown East Village
Asking $285,000. That is about 9% below the $312,500 median sale price for apartment condos in Downtown East Village over October 2025 – September 2026, across 77 recorded sales. Those sales took 59 days on the market on average. Across all home types, sellers in Downtown East Village got 96.5% of their asking price on average and the community was carrying 8.1 months of supply.
Aggregate MLS® statistics from our own published dataset (community medians, methodology). Medians are not adjusted for size, age or condition, and individual sold prices stay members-only under Alberta VOW rules.
About First
First is at 550 Riverfront Avenue SE in Downtown East Village.
Year built2015
Building storeys0
This unit's condo fee$571.68/mo
Fee includesHeat · Water · Parking
Building amenitiesCommunity Gardens · Fitness Center · Recreation Room · Roof Deck
St. Monica SchoolCatholic (CCSD) · Elementary/Junior High · 1.8 km · about 11 mins by carSchool website
Crescent Heights High SchoolPublic (CBE) · Senior High · 2.0 km · about 7 mins by carSchool website
Western Canada High SchoolPublic (CBE) · Senior High · 2.3 km · about 14 mins by carSchool website
Riverside SchoolPublic (CBE) · about 6 mins by carSchool website
Sacred Heart SchoolCatholic (CCSD) · about 14 mins by carSchool website
Connaught SchoolPublic (CBE) · about 13 mins by carSchool website
Distances and drive times are measured from the centre of Downtown East Village, not from this address. Designation depends on address, grade, program and capacity and changes from year to year — check the CBE or Calgary Catholic finder before you buy.
Commute from Downtown East Village
Destination
By car
By transit
Downtown Calgary
8 mins
15 mins
University of Calgary
17 mins
40 mins
Foothills Medical Centre
17 mins
35 mins
Mount Royal University
16 mins
35 mins
Calgary International Airport
18 mins
49 mins
Westside Recreation Centre
25 mins
36 mins
Off-peak estimates measured from the centre of Downtown East Village, not from this address. Live traffic varies.
Who lives in Downtown East Village
3,140Population
1.5Average household size
27%Owner-occupied households
$68KMedian household income
5%Residents aged 0–14
2021 Census of Canada, via the City of Calgary community profile — long-term neighbourhood context, not current market activity. Full Downtown East Village census profile →
Questions about this home
Is 1605, 550 Riverfront Avenue SE for sale?
Yes. 1605, 550 Riverfront Avenue SE in Downtown East Village is an active MLS® listing (MLS® A2335931). It has been on the market 45 days. Listing data last updated 2026-09-22.
What is the asking price of 1605, 550 Riverfront Avenue SE?
1605, 550 Riverfront Avenue SE in Downtown East Village is listed at $285,000.
How many bedrooms and bathrooms does 1605, 550 Riverfront Avenue SE have?
1605, 550 Riverfront Avenue SE in Downtown East Village has 1 bedroom and 2.5 bathrooms. The listing records 567 sq ft above grade. It is an apartment condo.
How does the asking price of 1605, 550 Riverfront Avenue SE compare with the Downtown East Village market?
Its $285,000 asking price is about 9% below the $312,500 median sale price for apartment condos in Downtown East Village (October 2025 – September 2026, 77 sales). Medians are not adjusted for size, age or condition.
What building is 1605, 550 Riverfront Avenue SE in?
This unit is in First at 550 Riverfront Avenue SE, built in 2015. The condo fee on this unit is $571.68 per month.
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