416, 5115 Richard Road SW,
Calgary, Alberta
Perched in Lincoln Park, this two-bedroom, two-bathroom condominium occupies over 900 square feet in a four-storey building along Richard Road. The neighbourhood offers proximity to green space, schools, and local shopping—daily errands fold easily into the rhythm of the week. Golf courses and playgrounds sit nearby, lending the area a suburban ease while keeping commutes to the rest of Calgary within reach. At $330,000, the home answers the call for buyers seeking elbow room and a southwest address without stretching into single-detached territory. The building's apartment-style layout lends itself to lock-and-leave convenience, a detail that resonates with first-time buyers and downsizers alike.
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 $119/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 $119/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 + $12,540 CMHC | $16,500 | $326,040 | $1,758 /mo | $87,000 | 4.24% · 25 yr |
10% + $9,207 CMHC | $33,000 | $306,207 | $1,651 /mo | $83,000 | 4.24% · 25 yr |
15% + $7,854 CMHC | $49,500 | $288,354 | $1,555 /mo | $79,000 | 4.24% · 25 yr |
20% | $66,000 | $264,000 | $1,445 /mo | $75,000 | 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 5115 Richard Road SW.
You're a seven-minute walk from Peacekeeper Park, where the pathways wind past open green space that feels bigger than it is, and just two minutes from Spot On Kitchen & Bar when you'd rather someone else handle dinner on a Tuesday. Mount Royal University Recreation sits seven minutes away, the kind of place where you'll recognize faces at the track or in the climbing gym after a few weeks. The rhythm here is suburban but not sleepy—close enough to everything without the constant hum.
Coffee
Top 3 within 1.5 km"The accessibility of the location is perfect for study sessions in the library. The reg/dark roast coffee is what I usually grab and the…"
"Such a great spot to have a coffee meeting, work solo on your laptop, play mahjong, meet with your book club,… or have a business lunch,…"
"Met an old friend at Sierra Cafe for coffee recently and we had a really enjoyable get together at this awesome gem."
Restaurants
Top 3 within 1.5 km"This is a spacious restaurant. Customer service was great. The chicken tenders we ordered were mid and a bit pricey for a few pieces.…"
"Ordered a Buddha’s Satay bowl for take out and when I opened it up to enjoy, broccoli was brown, chicken had a rubber texture to it and…"
"We had lunch at Masala Bhavan, expecting an authentic South Indian dining experience. As someone from South India, I can confidently say…"
Parks & green
Top 3 within 1.5 km"Great park to run around with kids. Mature trees and a number of picnic tables."
"Captivating memorial in a beautiful neighborhood. Small playground and a huge green area to play. Close to Mount Royal. Great place to…"
"This is my favourite park to eat out the trash can most people in this area have money so they throw away allot of good items that I can…"
Recreation
Top 3 within 1.5 km"I’ve been using the MRU Recreation gym and overall the space and equipment are good, but I wanted to share some feedback about the…"
"I’ve been attending Peak Moms Club workouts since I was pregnant with my first baby, and I can honestly say it’s been one of the best…"
"Amazing CrossFit gym! The owners are amazing people! The programming is really good and fun! The coaches are great! The community is…"
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