Discover Your New Condo in Southeast Calgary: Affordable Entry-level, Spacious Mid-Range, and Luxurious High-End Options Available

SE Calgary condos Entry-level: These are typically the most affordable condos in the area, and can include smaller units in older buildings or those that are farther from the city center. Prices for entry-level condos in Southeast Calgary can start around $150,000 - $300,000.
SE Calgary condos Mid-range: These are typically larger units, with more bedrooms and bathrooms, and can include newer buildings with more amenities. Prices for mid-range condos in Southeast Calgary Condos for sale can range from around $300,000 - $500,000.
SE Calgary Luxury condos: These are the most expensive condos in the area and can include large units in newer buildings with high-end finishes and amenities, such as concierge service, gym and pool. Prices for luxury condos in Southeast Calgary can start around $500,000 and go up to several millions.
Townhomes: These are attached homes that are typically two or three stories tall. They are often a more affordable option than single-family homes and offer a lower maintenance lifestyle.
I am alway here to answer your question, whether you are looking to sell your Southeast Calgary home or purchase a home in Southeast Calgary. You can reach Diane Richardson by email or call or text me at 403.397.3706  With so many wonderful properties up for grabs here in Southeast Calgary, Alberta, anybody would be lucky enough to call one their own.

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Consider a few key factors before making your Calgary Condo purchase.

Buying a condo in Calgary can be an exciting and rewarding experience, but it's important to consider a few key factors before making your purchase. Here are some things to keep in mind:

  1. Location: Consider the neighborhood where the condo is located. Is it close to the amenities and services you need? Is it in a safe and desirable area? Is it easily accessible by public transportation or major roads?

  2. Building amenities: Take a look at the amenities offered by the building. Does it have a gym, pool, or common areas? Is there a concierge or security system? Are these amenities included in your condo fees, and are they something you will use and enjoy?

  3. Condo fees: Speaking of condo fees, make sure to understand what they include and how much they will cost. These fees are used to maintain the building and common areas, so it's important to factor them into your budget.

  4. Unit size and layout: Think about the size and layout of the condo unit itself. Does it have enough space for your needs, and is the layout functional for your lifestyle? Consider things like the number of bedrooms and bathrooms, storage space, and the size of the kitchen and living areas.

  5. Condition of the unit: When viewing the condo, pay attention to its condition. Are there any repairs or updates needed? Is there any visible damage or wear and tear? You'll want to make sure the unit is in good condition before making your purchase.

  6. Parking and storage: If you have a car or need extra storage space, consider the availability of parking and storage options. Does the condo come with a parking spot or storage locker, and are there additional spots available for purchase or rent?

  7. Resale value: While you may not be thinking about selling your condo right now, it's important to consider its potential resale value. Look at the trends in the local real estate market and consider the desirability of the building and location when thinking about future value.

By keeping these factors in mind, you'll be able to make an informed decision when buying a condo in Calgary.

CONTACT DIANE RICHARDSON

When a SE 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.

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505 & 506 401 4 Street
Elkwater Rural Cypress County T0J 1C0

$179,000
Residential beds: 2 baths: 2.0 1,112 sq. ft. built: 2006

Main Photo: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 1: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 2: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 3: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 4: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 5: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 6: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 7: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 8: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
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Photo 22: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
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Photo 24: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 25: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 26: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 27: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Photo 28: 505 & 506 401 4 Street in Rural Cypress County: Elkwater Apartment for sale : MLS®# A2273583
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2273583
Bedrooms:
2
Bathrooms:
2
Year Built:
2006
MOTIVATED SELLERS!!! Nestled quietly in the beautiful Cypress Hills, Elkwater is a year-round recreational garden of delights. Only a 40-minute drive from Medicine Hat, this flourishing resort oasis offers an abundance of vacation activities: boating, water skiing, fishing, biking, golf and hiking in the summer; skating, downhill and x-country skiing in the winter. This impressive 1,122 sq.ft. 2 bedroom / 2 bath condo is located in Elkwater Lake Lodge, which offers a delightful restaurant, pool, hot tub, fire pit and room service. The main unit boasts the popular open floor plan, which is awash in natural light flooding in from the numerous windows. A fully stocked kitchen offers an abundance of cupboards, an upgraded double sink and high-end faucet, and the 2-seat island and countertops have been re-done in granite. A separate dining area abuts a spacious living room, which comfortably sits 6 people and features a river stone gas fireplace. A generous wraparound deck (with gas hookup) is accessed via the living room and affords a quiet, relaxing retreat to "chill out" and take in the wooded views. A large bedroom and a 4-piece bathroom with a soaker tub completes the main unit. The adjoining studio suite, which also has a separate entrance, offers a spacious bedroom (kingsize bed) with access to a private deck, along with a coffee bar, mini-fridge, microwave and sink, and a 3-piece bath. This ideally located condo is only a short walk to the downtown marina, sandy beach, lake, restaurant and popular cafe. Priced ridiculously below assessed value, this is a solid investment opportunity for a single family or even as a group venture. Furthermore, this Phase 1 condo is part of a revenue generating rental pool. Owner is allowed 120 days usage throughout the year with the remaining time available in the rental pool. THE OWNER RECOUPS 60% OF ANY RENTAL REVENUE, WHICH BASICALLY PAYS THE MONTHLY CONDO FEES AND ELECTRIC BILL. It comes with all the appliances and is fully furnished. This "must see" property is an all-season getaway at a very affordable price!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
Yes
Num Legal Suites:
1
Num Illegal Suites:
0
Home Style:
Apartment-Multi Level Unit
Total Living Area:
1,112 sq. ft.
Condo Fee:
$1,108.23
Condo Fee Includes:
Amenities of HOA/Condo, Cable TV, Caretaker, Common Area Maintenance, Gas, Heat, Insurance, Interior Maintenance, Internet, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
Acreage:
No
Front Exposure:
Southeast
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
2
Levels:
Multi Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
3
Year built:
2006 (Age: 20)
Bedrooms:
2 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0610960
Heating:
Forced Air, Natural Gas
Foundation:
Other, Poured Concrete
New Constr.:
No
Construction Material:
Stone
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt, Concrete, Shingle
Ensuite:
No
Flooring:
Carpet
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Water Supply:
Public
Sewer:
Sewer
Utilities:
Cable Available, Electricity Available, Electricity Not Paid For, Natural Gas Available, Garbage Collection, Sewer Available
Garage:
No
Parking:
Off Street, Parking Lot, Paved
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Z-name Not Listed
Elkwater (Rural Cypress County)
Indoor Pool, Laundry, Snow Removal
Dishwasher, Electric Stove, Microwave, Refrigerator, Window Coverings
All kitchen utensils
Board Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
12' × 8'
Main Floor
Living Room
19' × 13'
Main Floor
Bedroom
13' × 11'
Main Floor
Entrance
10' × 8'
Suite
Bedroom
16' × 13'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Suite
No
3
Title to Land:
Leasehold
Community Features:
Park, Playground
Interior Features:
Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Storage
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Lot Features:
Landscaped, Standard Shaped Lot, Wooded
Num. of Parcels:
0
Nearest Town:
Irvine
Region:
Cypress County
Zoning:
PP
Listed Date:
Dec 02, 2025
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Listed by RIVER STREET REAL ESTATE
Data was last updated April 11, 2026 at 02:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$789,900
Min list price:
$179,900
Max list price:
$2,750,000
Avg days on market:
84
Min days on market:
2
Max days on market:
442
Avg price per sq.ft.:
$460.58
These statistics are generated based on the current listing's property type and located in Rural Cypress County. 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.