5 Red-Hot Calgary Neighbourhoods for Condo Seekers
The Calgary real estate market showed a slight upturn from August-September 2020, with 1-bedroom and 3-bedroom condos, specifically, seeing an increase in sales. This modest growth (~3 per cent overall) is expected to continue into the end of the year. So, with the Calgary condo market benefiting from low-interest rates and substantial inventory levels, where should potential buyers be looking?
We’ve compiled a list of some of the top Calgary neighbourhoods for condo buyers right now. Let’s take a closer look at what makes them so desirable!
Located slightly north-east of downtown, Bridgeland-Riverside has a lot to offer its residents. To start, it’s close proximity to transit, downtown, the Calgary Zoo, St. Patrick’s Island, and Tom Campbell’s Hill National Park make it an ideal location for both families and young professionals.
Bridgeland-Riverside is also known for its diverse range of dining options, as it’s home to a myriad of restaurants that offer a broad spectrum of cuisines. Sushi Bar Zipang, a traditional Japanese eatery, and La Brezza Restaurante, a family-owned favorite that serves up authentic homestyle dishes, are just a few of the gems you’ll find here.
As of September 2020, the price of a 2-bedroom condo in this neighbourhood is $309K— which is above the city average of $251K, but quite reasonable in comparison to other high-demand neighbourhoods.
If you’re someone who doesn’t want to compromise on proximity to amenities and public transportation, but still values access to quality schools, green spaces, and family-friendly recreation, Bridgeland-Riverside is likely one of the best Calgary neighbourhoods for you.
Sunnyside is one of the most desirable Calgary neighbourhoods for families. In fact, 89 per cent of its homes were occupied by two-parent families in 2016, with minimal change since.
What makes Sunnyside so appealing to this demographic? Firstly, it offers great access to the Bow River pathway— a major plus for those who enjoy getting outdoors. It’s also home to the Calgary Curling Club and the beloved Peace Bridge (the only bridge in the city to provide dedicated bicycle lanes crossing the Bow River).
Sunnyside Community School is also listed as an Alberta Green School by the SEEDS Foundation and offers a private before and after school care program and a pre-kindergarten program for 3-4-year-olds.
Again, condos for sale in this area are a bit higher than city average, but for the area they are fairly and competitively priced.
Bowness is easily one of the top Calgary neighbourhoods for those who know a diamond when they see it in the rough. The area has a history, once being known as one of the more “rough and tumble” areas of the city. But it has recently undergone a transformation and is beginning to thrive. Infills are popping up regularly, as are businesses, breathing new life into this long-standing community.
The neighbourhood is home to Bowness Park, where residents can take advantage of a skating trail during the winter months or visit the Seasons of Bowness Restaurant and Fresh Market.
There are also medical clinics, a public library, and childcare programs available— all of which make this an appealing location for condo buyers.
But the best part of all is the price you can expect to pay. Since Bowness is still blossoming as a community, some 2-bedroom condos are selling for less than $200K.
Cranston is found in the far south-east of Calgary. Its far-from-downtown location won’t appeal to condo buyers who frequent the city centre, but it’s the perfect place to be for those who don’t mind a more suburban vibe.
Cranston is high on the list of Calgary condo market considerations for several reasons. To start, it’s surrounded by parks and green spaces— including the Blue Devil Golf Club and Caterpillar Park. Then there’s the selection of quality schools, with Our Lady of the Rosary and Dr George Stanley being two notable frontrunners.
As of September 2020, the average price per square foot for a property in Cranston is $305, making a 1,000 square foot condo approximately $305K. And on the plus side, there is currently plenty of inventory to choose from.
Beltline is a vibrant, eclectic neighbourhood with distinctly urban energy. It is home to some of the most celebrated restaurants, pubs, cafes, and retail boutiques the city has to offer. From Kawa Espresso Bar to Native Tongues Taqueria and Cleaver, if you’re looking for culture and excitement, Beltline is definitely one of the best Calgary neighbourhoods to check out.
Oh, and did we mention that the notorious Calgary Stampede is part of this highly recommended corner of the city? Now that’s a claim other Calgary neighbourhoods simply can’t compete with.
There’s just one catch— condos for sale in this area currently sit at approximately $443 per square foot, which is definitely on the pricier side. But the convenience of being in the heart of the city and the thrill of being in one of its most flourishing neighbourhoods will definitely make this location worth the investment (for the right condo buyer).
Are you a condominium community in one of these neighbourhoods? Are you in need of improved building care and a management team that will actually be there for you? We can help. Reach out today!