Varsity Estates Villas

Varsity Estates Villas is a 33-unit townhouse complex built in 1975 located at 5315 53 Avenue NW in Varsity, Calgary. Units typically offer over 1,200 square feet of living space across two storeys, with two bedrooms and 1.5 to 2 bathrooms. Recent sales have averaged around $381,000, with the city's 2026 assessed value averaging $383,000. Monthly condo fees average roughly $412 and include parking, snow removal, and trash collection. Many units feature wood-burning fireplaces, updated kitchens, and finished basements. The location offers excellent walkability near the Dalhousie and University LRT stations, schools, and local amenities. Before finalizing a purchase, prospective buyers should have a real estate lawyer review the reserve fund study, financial statements, board minutes, and bylaws to ensure the complex is well-maintained and financially sound.