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312, 930 18 Avenue Sw
Calgary, Alberta T2T 0H1
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$250,000
Maintenance, Common Area Maintenance, Heat, Insurance, Interior Maintenance, Ground Maintenance, Parking, Property Management, Reserve Fund Contributions, Sewer, Waste Removal, Water
WATCH THE VIDEO TOUR! Welcome to Simmering Court in the heart of Lower Mount Royal—just steps from 17th Avenue’s shops, cafés, and nightlife. Now offered at $250,000, this updated 1-bedroom condo blends location, value, and versatility—ideal for a first-time buyer craving the urban lifestyle or an investor seeking strong ROI with low carrying costs.KEY FEATURES:Ultra-low condo fees – just $285.61/month (includes heat, water & reserve contributions; you only pay electricity)Heated underground parking (titled stall #32) – a rare find in this price rangeIn-suite laundry, updated stainless steel appliances & fresh paintSouth-facing balcony for natural light and outdoor livingEfficient layout with space to personalizeINVESTOR INSIGHT:Market rent: ~$1,750/month (long-term, unfurnished)Projected cap rate: ~6.21%Positive monthly cash flow potential – ~$220/month with 20% down, 5% interest, 30-year amortizationQuick possession means you can start generating income right awayBUILDING PERKS:Secure fob access, bike storage & elevatorWell-managed with many units sharing costs—helping keep fees lowPET POLICY:1 dog (under 40 cm shoulder height) or up to 2 cats/other pets per unit, subject to board approvalThis is one of the few downtown condos under $250K offering underground parking, low fees, and strong rental returns—all in a walk-everywhere location. Vacant and move-in ready, with a motivated seller. (id:59126)