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206, 540 5 Avenue NE
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Beds
2
Baths
2
Sqft
809
Year
2005
Type
Single Family
On market
26d
Perched above the city, this home offers a view that feels both expansive and intimate. From the balcony, downtown Calgary unfolds in glass, steel, and prairie light — the Calgary Tower rising among blue-tinted towers and vibrant city blocks, glowing in the morning sun and shimmering softly at night. Inside, 800+ square feet of thoughtfully designed living space welcome you with two bedrooms, two full bathrooms, and a bright open-concept layout. Expansive windows draw in natural light throughout the day, creating an airy atmosphere perfect for both quiet evenings and entertaining guests. The kitchen is designed for gathering and everyday ease, featuring generous counter space, ample cabinetry, a convenient breakfast bar, and room for a dining table where meals and conversations naturally come together. The living area opens seamlessly to the balcony, complete with a gas BBQ hookup, making it easy to enjoy the stunning downtown views year-round. The primary bedroom offers a peaceful retreat, framed by hillside greenery and birdsong, with a walk-through closet leading to its private ensuite bath. A second bedroom provides flexibility for guests, a home office, or additional living space, with another full bathroom nearby. In-suite laundry and a versatile den/storage room add everyday convenience. You are just steps from the trendy restaurants, cafés, shops, and markets of Bridgeland, with easy access to the Bow River pathways, downtown, major roadways, and the LRT. Residents also enjoy proximity to the Renfrew Community Centre, offering a pool, steam room, skating rink, and gym, while the Renfrew Community Association hosts community events, trivia nights, and programs for all ages. Whether you are a first-time buyer, downsizing, investing, or simply searching for the ideal two-bedroom, two-bathroom home near downtown, this is an opportunity not to be missed. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 8.50 Ft x 11.67 Ft | |
| Kitchen | 8.83 Ft x 9.25 Ft | |
| Dining room | 8.00 Ft x 8.00 Ft | |
| Primary Bedroom | 9.50 Ft x 18.00 Ft | |
| Other | 3.67 Ft x 5.50 Ft | |
| 3pc Bathroom | 4.92 Ft x 7.83 Ft | |
| Bedroom | 9.67 Ft x 9.83 Ft | |
| Foyer | 4.33 Ft x 4.42 Ft | |
| Storage | 4.42 Ft x 7.67 Ft | |
| Laundry room | 3.25 Ft x 3.67 Ft | |
| 4pc Bathroom | 4.92 Ft x 9.00 Ft |
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).
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 May 28, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Calgary. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.