Don't forget to WATCH THE VIDEO! Welcome to Simmering Court in the heart of Lower Mount Royal, just steps from 17th Avenue’s shops, cafes, and nightlife. Now priced at $257,000, this updated 1-bedroom condo offers exceptional value and flexibility—whether you're a first-time buyer seeking downtown lifestyle or an investor looking for strong ROI and low carrying costs.
This unit features:
- Low condo fees of just $285.61/month, which include heat, water, and all the rest, you just pay for electricity additionally.
- Heated underground parking (stall #32) —a rare feature at this price point, enhancing convenience and long-term value
- In-suite laundry, a large south-facing balcony, and updated stainless steel appliances
- Fresh paint, efficient layout, and room to personalize
- Slate tile at the entrance (seller open to price negotiation or credit to address minor wear)
INVESTOR INSIGHT: With current long-term rental rates in the area averaging $1,700/month, this unit offers positive cash flow potential, especially with a 20% down payment and today’s competitive conventional interest rates (~4.5–4.7%). Projected cap rate: ~5.7%, making this one of the few downtown condos under $260K that delivers both value and income.
The building offers secure fob access, bike storage, elevator, and is well-maintained with many units sharing costs—contributing to the low condo fees.
Pet policy: Furry friends welcome—with restrictions. One dog or two other types of pets per unit. No dogs with a mature height over 40 cm at the shoulder are permitted (subject to board approval).
Available for quick possession and move-in ready. Whether you're looking to live in the heart of Calgary or capitalize on a high-performing rental, this condo is priced to move—with seller motivation and flexibility in play.
Address
312, 930 18 Avenue SW
List Price
$257,000
Property Type
Residential
Type of Dwelling
Apartment
Style of Home
Single Level Unit
Transaction Type
sale
Area
Calgary CC
Sub-Area
Lower Mount Royal
Bedrooms
1
Bathrooms
1
Floor Area
554 Sq. Ft.
Year Built
1983
Maint. Fee
$285.61
MLS® Number
A2231173
Listing Brokerage
RE/MAX First
Postal Code
T2T 0H1
Zoning
M-C2
Site Influences
Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Sidewalks, Street Lights
