Madrid

Madrid is a four-storey low-rise apartment building constructed in 1961, located at 1815 16 St SW in Calgary's Bankview neighbourhood. The 15-unit complex features brick, concrete, and stucco exterior construction. Recent sales have averaged around $191,000, with monthly condo fees averaging roughly $433. The building is professionally managed with weekly cleaning of common areas and has recently undergone updates including a new hot water tank and fresh paint. Pet restrictions apply, and street parking permits are available through the City of Calgary. Before finalizing a purchase, prospective buyers should have a condo professional review the reserve fund study, financial statements, board minutes, and bylaws to understand long-term maintenance obligations and building governance.