The inner-city neighbourhood of Crescent Heights is located north of downtown, across the Bow River. It is home to the iconic Centre Street Bridge (the one that has the lions on it!), gorgeous tree-lined streets and some of the best views of Calgary from the top of McHugh Bluff.
The boundaries for Crescent Heights are the Bow River in the south, 16 Ave in the north, 4 St NW on the west side and Edmonton Tr on the east side, meaning that the shops & restaurants of Bridgeland and Sunnyside are both easy access. House addresses in Crescent Heights are both NW and NE addresses as it straddles Centre Street. Centre Street itself offers a few great restaurants and cafes and there is a Safeway grocery store just north of 16 Ave.
Crescent Heights boasts one of the quickest commutes to work, either walking, biking or taking the bus. In a few years, the Green Line LRT will also open up stops at both 9 Ave and 16 Ave North on Centre Street.
Crescent Heights has a public high school right in the neighbourhood and nearby Rosedale School offers both elementary and junior high.
Fitness buffs will love the proximity to the big wooden set of stairs that lead to the Crescent Heights Lookout Point and anyone will enjoy a stroll along the top of the ridge overlooking the city and mountains.
In terms of real estate, Crescent Heights has one of the widest gaps from cheapest to most expensive in one neighbourhood. There are a number of 1960’s to 1980’s apartment buildings that still offer condos under $250,000 while at the same time, there are many $1,000,000+ houses, both newer construction and renovated heritage homes.
One of the most expensive houses ever to sell in Calgary & area was the residence of Jim Shaw on Crescent Road, just off of Centre Street, which sold for $11,100,000 in 2013. It had nearly 10,000 total square feet of living space with six bedrooms and eight bathrooms. It was built in 2004 and sits on a half acre parcel with unobstructed downtown views. Before you get too starry eyed, keep in mind that the property taxes for this place have ranged from $56,000 to $64,000 per year in the last few years!
In the middle price ranges, there are numerous townhomes and houses from $600,000-$900,000 with a wide variety of ages. From character homes built in the 1910s to 1940s to older infills built in the 1980s and 1990s to some newer duplexes and row homes built in the last 20 years, there is a little something for everyone.
Like many neighbourhoods in Calgary right now, apartment and townhomes prices have risen sharply in the last 12 months, 17% and 20% respectively. Detached homes are up 11% in the past 12 months. The Benchmark Price is currently $693,500 for a detached home and $213,500 for an apartment.
Speaking of apartments, check out Parker’s new listing in Crescent Heights!
Crescent Heights is a small neighbourhood so it can take some patience for the right property to come along. If you’d like to get set up on a search for this or any other neighbourhood, please reach out!