Varsity Towers

Varsity Towers is a 166-unit mid-rise apartment complex built in 1978 in the Varsity community of northwest Calgary. The 10-storey brick and concrete building offers underground heated parking and a comprehensive amenity package including fitness facilities, an indoor pool, hot tub, sauna, library, party room, and landscaped courtyard with gardens and gazebo. Recent sales have averaged around $310,000, with monthly condo fees averaging roughly $793, which cover utilities, heat, water, electricity, and common area maintenance. The City of Calgary's 2026 assessed value for units averages $305,000. Before finalizing any purchase, prospective buyers should have a licensed professional review the building's reserve fund study, financial statements, board minutes, and bylaws to understand long-term capital plans and governance.