New Homes Calgary under $400,000

A "brand new build" homes for sale in Calgary under $400,000 refers to a property that has been recently constructed (2021) and has never been lived in before. These homes for sale in calgary are houses, condos and townhomes priced under $400,000 are typically built by a home builder or developer. Brand new build homes in Calgary or Brand new house for sale in NW Calgary can come with all the latest updates and features, these homes are built to the latest building codes and standards, These homes usually have modern finishes, open floor plans, and high-end appliances. Here are the latest Calgary new construction homes can be found here on our website, mypadcalgary.com by searching below for properties that have been recently built.. When you notice anything that sparks your curiosity and you're ready for a deeper look, kindly email, text, or get in touch with me. You are welcome to schedule a private viewing at any time.

Make a call to Diane Richardson at 403.397.3706

CONTACT DIANE RICHARDSON

When any Calgary Real Estate Listings looks interesting and you’d like a closer look please email, text or call and I’ll arrange your private viewing, at your convenience. You can reach me by phone or text at 403-397-3706 and email. Please be sure to include the property address or MLS® number for the listing you are interested in.

Take advantage of our proven marketing systems to list your home for sale in Calgary or contact me today to arrange a private showing of any property you see here on mypadcalgary.com.

How much does a new build cost in Calgary?

The cost of a new build in Calgary can vary depending on several factors, such as the size of the home, the materials used, the location of the property, and the complexity of the design.

As of 2021, the average cost to build a new single-family home in Calgary is approximately $250 to $350 per square foot. This means that a 2,000 square foot home could cost anywhere from $500,000 to $700,000 to build. However, it is important to note that these are just average estimates, and the actual cost of a new build in Calgary can vary significantly depending on the specific details and requirements of the project.

What are the newest communities in Calgary? (as of August 2021)?

  1. Belmont - located in the southwest of Calgary, Belmont is a new community that offers a mix of residential, commercial, and recreational spaces. It has a variety of housing options, including single-family homes, townhomes, and apartments.

  2. Cornerstone - situated in the northeast of Calgary, Cornerstone is a modern and sustainable community that offers a mix of residential, commercial, and institutional spaces. It has a variety of housing options, including single-family homes, townhomes, and duplexes.

  3. University District - located in the northwest of Calgary, University District is a new urban community that is designed to be walkable and bikeable. It offers a mix of housing options, including apartments, townhomes, and single-family homes, as well as retail and commercial spaces.

  4. Livingston - situated in the north-central part of Calgary, Livingston is a new master-planned community that offers a mix of residential and commercial spaces. It has a variety of housing options, including single-family homes, townhomes, and apartments.

  5. Yorkville - located in the southwest of Calgary, Yorkville is a new community that offers a mix of residential and commercial spaces. It has a variety of housing options, including single-family homes, townhomes, and duplexes.

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401 550 Riverfront Avenue SE
Downtown East Village Calgary T2G 1E5

$235,000
Residential beds: 1 baths: 1.0 354 sq. ft. built: 2015

Main Photo: 401 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2243057
Photo 1: 401 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2243057
Photo 2: 401 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2243057
Photo 3: 401 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2243057
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Photo 22: 401 550 Riverfront Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2243057
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2243057
Bedrooms:
1
Bathrooms:
1
Year Built:
2015
Welcome to FIRST—an exceptional opportunity to own in one of Calgary’s most dynamic communities! This thoughtfully designed studio condo combines modern comfort with an unbeatable location. Situated on the 4th floor, enjoy stunning south-facing city views through floor-to-ceiling windows and a smart open-concept layout. The sleek, European-inspired kitchen boasts stainless steel appliances, under-cabinet lighting, and soft-close cabinetry. A stylish 4-piece bathroom with a deep soaker tub, in-suite laundry, TITLED underground parking, and separate storage locker add to the home’s convenience. Located just steps from Bow River pathways, parks, shops, dining, and transit—this unit is perfect for professionals or investors. Don't miss your chance to live or invest in Calgary’s premier riverside community!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
No
Home Style:
Apartment-Loft/Bachelor/Studio
Total Living Area:
354 sq. ft.
Condo Fee:
$368.41
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Security, Sewer, Trash, Water
Front Exposure:
West
Unit Exposure:
South
Floor Location:
Other
Entry Level:
4
Stories Total:
18
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2015 (Age: 10)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1512745
Heating:
Forced Air
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
0
Garage:
No
Parking:
Parkade, Titled, Underground
Parking Places:
1
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
First
Downtown East Village
Bicycle Storage, Clubhouse, Elevator(s), Fitness Center, Park, Parking, Party Room, Playground, Recreation Facilities, Recreation Room, Storage, Visitor Parking
Built-In Oven, Dishwasher, Electric Cooktop, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
Murphy Bed and Mattress
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
11'6" × 7'10"
Main Floor
Living Room
10'5" × 8'10"
Main Floor
Bedroom
9'2" × 6'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Closet Organizers, Granite Counters, Kitchen Island
Exterior Features:
None
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-EMU
Listed Date:
Jul 23, 2025
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Virtual Tour

Listed by CIR Realty
Data was last updated September 9, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
67
Avg list price:
$380,000
Min list price:
$214,900
Max list price:
$1,250,000
Avg days on market:
43
Min days on market:
4
Max days on market:
173
Avg price per sq.ft.:
$529.98
These statistics are generated based on the current listing's property type and located in Downtown East Village. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.