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The Drake

1500 7 St Sw, Calgary, AB T2R 1A7

The Drake, at 1500 7 St Sw, is a condo building in the Beltline area of Calgary, Alberta. It was built in 2011, has 135 residential units and stands 18 storeys tall.

Beltline
Year Built
2011
Units
135
Floors
18
Building Type
High-rise apartment

Market Overview

Avg Sold Price
$375,640.625
Median Sold
$375,000
Price Range
$243,000 – $632,500
Avg $/SqFt
$592.51
Sales (2yr)
16
Active Listings
5
Avg List Price
$304,920
Avg Days on Market
47.5625

Last sale: Jun 18, 2026

Condo Fees

Avg Monthly Fee
$519.332
Median Fee
$460.94
Avg $/SqFt
$0.834
Units w/ Fee Data
21
Fee IncludesHeat, Water

2026 Assessment

Avg Assessed
$336,000
Min Assessed
$229,500
Max Assessed
$617,000

Building Features

ExteriorBrick,Concrete,Stucco
AmenitiesElevator(s), secured parking, visitor parking
Parking/Storage Titles262
Building TypeHigh-rise apartment
Floors18 storeys
Year Built2011

Policies

Pet PolicyPet friendly with restrictions; board approval required

Management

Management CompanyEquium Group
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About This Building

The Drake is an 18-storey high-rise apartment building completed in 2011, located at 1500 7 Street SW in Calgary's Beltline community. The building contains 135 units and is constructed with brick, concrete, and stucco, featuring an underground parkade with secured and visitor parking. Recent sales have averaged around $376,000, with monthly condo fees averaging roughly $519. Units typically include granite countertops, stainless steel appliances, in-suite laundry, and floor-to-ceiling windows; many feature balconies with city views. The central location offers walkable access to 17th Avenue, 4th Street, restaurants, cafes, public transit, and downtown. Before making an offer, prospective buyers should have a real estate lawyer review the property's reserve fund study, financial statements, board minutes, and bylaws to understand the building's financial health and governance.

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General information, not legal advice. Building figures are approximate; confirm details in the corporation's own documents.

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