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304, 51 Waterfront Mews SW
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First-Time Buyers & Smart Investors — Take Notice!If you're looking to break into the real estate market or expand your portfolio, this affordable studio suite offers unbeatable value and cash flow potential. With ownership costs lower than average rent, you could start building equity while saving money — or as a landlord to see if this one could generating positive monthly returns. Steps from the Bow River, Prince’s Island Park, and the city's iconic river pathways. Nestled in the vibrant Waterfront community, minutes from downtown. Enjoy stylish city living at the most competitive price on the market. Ideal for professionals, students, or investors seeking a blend of affordability, convenience, and urban flair. Full fitness center: gym, steam room, hot tub. Private movie theatre, workspaces, and cozy gathering lounges. Underground parking, secure storage, car wash, and community gardens. Sleek and modern with laminate flooring throughout. Designer kitchen: quartz countertops, stainless appliances, gas cooktop. In-suite laundry and a balcony with east-facing RIVER views — perfect for summer BBQs. Upcoming. Eau Claire Athletic Club replacing the former YMCA , Fully redesigned Eau Claire Plaza with an urban beach, event spaces, and lush green areas. New shopping, dining, and the proposed Green Line LRT station. Adjacent Chinatown area undergoing a cultural and architectural renaissance and easy access to major roads (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 5.08 Ft x 11.50 Ft | |
| Bedroom | 8.67 Ft x 10.42 Ft | |
| Living room/Dining room | 9.92 Ft x 9.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 7.83 Ft | |
| Other | — | |
| Laundry room | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 10, 2026.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
Tebyan Supermarket & Halal Meat
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4.6★ · 143 reviews
1.2 km away
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Dahlak al food store
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Diwan Arabian Cuisine and Lounge -Shisha lounge
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Deepak's Dhaba Indian Food & Market
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4.6★ · 890 reviews
950 m away
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800 m away
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pàlíser
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5.0★ · 1 reviews
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3rd Street LRT Station
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760 m away
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WB 1 Street SW Station (Free Fare Zone)
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3.7★ · 35 reviews
760 m away
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C Train
125 7 Ave SE, Calgary, AB T2G 5R2, Canada
4.1★ · 34 reviews
850 m away
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.