407, 1631 28 Avenue SW,
Calgary, Alberta
This two-bedroom, two-bathroom condominium in South Calgary offers over 1,100 square feet of living space in a four-storey building, complete with one parking stall. The location places you within reach of schools and playground amenities, appealing to families and professionals seeking a grounded, accessible corner of the city. South Calgary's tree-lined streets and established character create a quieter pace while keeping downtown and the river pathway system close at hand. At $368,000, this condominium presents an opportunity to own a generous footprint in a neighbourhood where scale and walkability still coexist—a rare balance in today's market.
Inside the home
The Payment Lab
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Rates last updated from 26 Canadian lenders.
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If rates move, what wins?
Variable starts $132/mo cheaper than fixed today. But variable rates move with the Bank of Canada — if they rise, your payment rises with them. This chart shows your monthly payment if BoC moves rates up or down during your term. The crossover at +0.75% is where variable becomes more expensive than today's locked fixed.
The Bank of Canada holds rates flat, cuts, or hikes less than +0.8% during your 5-year term. You'd save roughly $132/mo for as long as that holds.
BoC raises rates more than +0.8% and keeps them there. You'd be locked in below the variable rate the rest of the term.
Every down-payment, mapped
| Scenario | Down | Mortgage | Monthly | Income req. | Rate · amort |
|---|---|---|---|---|---|
Min. Down + $13,984 CMHC | $18,400 | $363,584 | $1,960 /mo | $92,000 | 4.24% · 25 yr |
10% + $10,267 CMHC | $36,800 | $341,467 | $1,841 /mo | $87,000 | 4.24% · 25 yr |
15% + $8,758 CMHC | $55,200 | $321,558 | $1,734 /mo | $83,000 | 4.24% · 25 yr |
20% | $73,600 | $294,400 | $1,611 /mo | $79,000 | 4.39% · 25 yr |
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A few questions and we'll come back with your actual buying power and the rates you actually qualify for.
Life around 1631 28 Avenue SW.
You're a three-minute walk from IBU Restaurant and Bar, where the smell of wood-fired pizza drifts out onto 33rd, and just as close to sip cafe, the kind of spot where baristas know your order by your second visit. Brioche by AVITUS is around the corner when you want pastry that actually flakes. This stretch of Marda Loop feels purposefully local—the places here earn their regulars not through hype but through the quiet consistency of good neighbourhood rhythms.
Coffee
Top 3 within 1.5 km"Was stoked to find out a cafe was so close to where I work. When I stepped in the door, I was greeted with a smile by Lourdes the…"
"One of the most welcoming places I've been to, the owner greets you as if you're an old friend. I was offered wonderful baked treats…"
"This is a cute cafe with great Mexican hot chocolate and coffee options. They provide a catering service as well. The owner is a lovely…"
Restaurants
Top 3 within 1.5 km"Live, laugh, love this new spot. My table mate and I shared a ‘big board’ and it was excellent. Great vibes, excellent service, very…"
"IBU exceeded all expectations! The food was absolutely amazing—every dish was fresh, flavorful, and beautifully presented. You can…"
"We tried the sate chicken and sate beef bánh mì and dined in. There are a couple of small tables and bar seating for dine in. The subs…"
Parks & green
Top 3 within 1.5 km"Quiet park for a walk! The surroundings is beautiful and you even have multiple benches. The grass is maintained well, so you can have a…"
"Great park for the kids! Baby bucket & regular swings and multiple slide options. Also lots of open space for blankets or playing with…"
"This park hads a great location as it's located on the top of a hill. You can see a lot of building around and houses."
Recreation
Top 3 within 1.5 km"I've had the pleasure of learning from Heather, Becca, Christina, and Anthony, and I can't say enough good things about this team of…"
"Every teacher at this studio is fabulous, offering a welcome, friendly and inclusive environment. The best vibes and an amazing workout."
"A few months ago, I decided to shift gears and get into cycling, and finding YYC Cycle has been one of the best parts of the ride! As a…"
Grocery
Top 3 within 1.5 km"Convenient family-owned business. Not easy for family-run corner stores to survive these days. Used to stop in here because I did…"
"For the past several months, the shelves at this store have become noticeably emptier. It's increasingly difficult to rely on Blush Lane…"
"Nice store. Friendly staff."
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