HomeSight
SearchPricingFor realtorsContact
Home›Search›602 1 ST SE

602 1 ST SE

DOWNTOWN COMMERCIAL CORE

$32,460,000

Current assessed value

Property

Property Details

Building Type

Other residential

Self-contained senior home

Year Built

1975

Land Size (sq ft)

13,815

Assessment Value & Trend

History of assessed value for this property

$32,460,000

Permits & Renovations

6 permits on record

DateTypeEst. costStatusDescription
Mar 17, 2025Building$100,000CompletedHEAL RESTAURANT
Mar 12, 2022Building$50,000ExpiredCarter Place - Rooftop Repairs
May 13, 2016Building$150,000Completed—
Jun 10, 2014Building$181,023CompletedRepairs to Exterior Ramp and Stairs
Jun 12, 2007Building$175,000CompletedCommercial Interior Partition and Business Use Confirmation for Restaurant/ Food Service (40 Seats)
Jan 31, 2006Building$50,000CompletedFIRE ALARM REPAIR
Total estimated spend(6 permits)$706,023

Basement & Legal Suite

Is Finished

No

Is Legal Suite

No

Community context

Low Competition

There are 0 registered legal suites in DOWNTOWN COMMERCIAL CORE. Competition for basement rentals in this community is low.

With low competition in the area, legalizing a basement suite on this property could be a worthwhile investment. Renter demand may exceed available legal units.

Rental opportunity

As of Aug 3, 2026

Active rents in DOWNTOWN COMMERCIAL CORE from RentFaster. Median rents below combine all bedroom sizes for each dwelling type.

Overall

$2,000

223 listings

Median apartment

$2,000

221 listings

Median townhouse

$6,995

1 listing

Median house

$2,250

1 listing

Proximity to Amenities

Nearest LRT

140 m

City Hall LRT Station (NB Macleod TR @ 7 AV SE)

Bus Stop 1

50 m

SB 1 ST SE @ 7 AV SE

Bus Stop 2

50 m

SB 1 ST SE @ 7 AV SE

Bus Stop 3

60 m

SB 1 ST SE @ 7 AV SE

Downtown

800 m

Central Memorial Park

Fitness

380 m

GoodLife Fitness Calgary Stephen Avenue

fitness

Costco

6.0 km

Costco

Costco

Grocery

1.2 km

Safeway

Safeway

Home Improvement

1.8 km

Canadian Tire

Canadian Tire

Elementary

440 m

Lady Fatima Academy

Lady Fatima Academy

Junior High

440 m

Lady Fatima Academy

Lady Fatima Academy

Senior High

500 m

Discovering Choices

The Calgary School Division

Environmental Factors

Flood zones, emergency-service noise, shelter proximity, and hail exposure for this property and its community.

Flood Hazard

Calgary 1:100 year regulatory map

100 m

to nearest zone / facility

Floodplain

 

Hail Hazard Risk

Historical storm exposure

Moderate

community historical rating

DOWNTOWN COMMERCIAL CORE

 

Emergency Noise

Hospitals, fire & EMS stations

190 m

to nearest zone / facility

EMS Station 1

EMS station

Emergency Shelter

Permanent Calgary shelter sites

240 m

to nearest zone / facility

Calgary Drop-In Centre

 

Proximity to emergency shelters may correlate with higher foot traffic. This is a lifestyle indicator, not a crime or safety score.

Nearby assessed values

See how this property compares to neighbours on the same block and in the wider surrounding area.

This property

$32,460,000

Lowest nearby

—

Average nearby

—

Highest nearby

—

Based on 0 residential properties within 50 m · 2026 assessment roll.

Location

Community Overview

Community Name

DOWNTOWN COMMERCIAL CORE

Total Properties

3,886

Population

8,225

Crime Rate Trend

Reported incidents in 2018–2025

935 incidents in 2025 · Crime down 19% from 2018

Income

Median income

Compared to Calgary average where available

Household

$51,200

Calgary avg: $98,000

Individual

$33,600

Calgary avg: $44,400

Male individual

$37,600

Calgary avg: $50,400

Female individual

$31,000

Calgary avg: $39,600

Housing

Owners vs renters

% of households by tenure vs Calgary

Housing affordability

% of households by shelter cost burden vs Calgary

Diversity

Immigration status

% of population by immigration status vs Calgary

Religious affiliation

% of population by religion vs Calgary

Education

Education levels

% of population aged 15+ by credential vs Calgary

Languages

Top mother tongues

First language learned at home

RankThis communityCalgary average
1ArabicPunjabi (Panjabi)
2SpanishTagalog (Pilipino, Filipino)
3MandarinYue (Cantonese)
4HindiMandarin
5TeluguSpanish

Immigration

Top countries of birth

Where immigrants in this community were born

RankThis communityCalgary average
1IndiaPhilippines
2PhilippinesIndia
3ChinaChina
4Other places of birth in AsiaUnited Kingdom
5Other places of birth in AfricaPakistan

View full community profile

See all remaining demographics, housing, transportation, and employment details for DOWNTOWN COMMERCIAL CORE.

HomeSight

Calgary property intelligence for homeowners, buyers, and realtors. 600,000+ properties indexed.

© 2026 HomeSight

Explore

Property searchPricingNext actsFor realtorsOrder a PDF report

Company

ContactRealPro setupTerms of UseData Sources & Disclaimer