The East Village is continuing its evolution into a dynamic and iconic community in Calgary with the ground breaking for the N3 residential tower on November 17. At the corner of 8th Ave and 4th Street SE, N3 is notorious in our city for being the first car-free condo building (each sold unit comes with a Biria bike and $500 towards Car2Go and Enterprise Rent-a-car).
Love it or hate it, the N3 is just one component of what is quickly emerging as one of the trendiest neighbourhoods in the city. With the new riverwalk (open), St. Patrick’s Island and bridge (open), the Simmons Building with its tasty dining options (open), 5th Street Square and the heart of events like the food truck festival (open), the National Music Centre and ‘music mile’ (2016), and more…these are all elements that are transforming what was a lonely chunk of land into a pretty amazing place.
Check out this cool video from the Calgary Municipal Land Corporation to get an idea of where things are heading:
There are already four buildings in the east village with plans for more. If you like the vibe of the East Village, consider calling it home. The East Village ranked 49th in Avenue Calgary’s Best Neighbourhoods 2015, but don’t let that discourage you. It’s a work in progress with several advantages already working in its favour. It’s walkable. Tied for 7th rank out of every community in Calgary for walkability, the East Village certainly puts you close to downtown and amenities. It’s got personality. It’s a great mix of history and newness, art and culture, and it’s backed by a corporation that needs it to become a renowned area. It’s active. Being riverfront and near the newly revamped Saint Patrick’s Island along with all the action of programs and events makes the East Village appealing to youthful, energetic folks.
The majority of rental opportunities are for condos in the new buildings (Evolution, First, Verve, N3 by Knightsbridge and Ink). RentFaster.ca has 71 listings in the community with more expected, and an average monthly rent of $1,887 (and a maximum of $5,000)*. Compare this to neighbouring communities Inglewood, Ramsay and downtown with average rents of $1,700, $2,180 and $2,019 respectively. Click here to peruse East Village listings.
*as of November 17, 2015