Drake Condos for Sale in the Beltline, Calgary
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Welcome to Drake
One of the Beltline’s most sought-after addresses. Located at 1500 7 Street SW, this building offers luxury high-rise living in the heart of the city. Whether you are looking for a walkable lifestyle or a smart investment property, Drake delivers with easy access to 17th Avenue (The Red Mile), placing Calgary’s best dining, shopping, and nightlife right at your doorstep.
Drake Building Features
- Year Built: 2013
- Developer: Grosvenor Americas
- Floors / Units: 17 Stories / 135 Units
- Building Type: High-Rise (Includes ground-level townhomes)
- Pet Policy: Pets allowed with Board Approval (Pet-friendly building)
- Zoning: DC (Direct Control) / Mixed Use
Drake Amenities & Features
Residents at Drake enjoy access to a range of premium amenities, designed to make city living effortless:
- Rooftop Terrace: An award-winning landscaped garden and social space with downtown views.
- LEED Certified Living: High-efficiency floor-to-ceiling windows and eco-friendly mechanical systems.
- Secured Living: Heated underground titled parking and dedicated storage lockers.
- Bike-Friendly Design: Ample bike storage and a location that promotes a car-free lifestyle.
Why Live in Victoria Park/Beltline?
Living in Victoria Park/Beltline means you are steps away from the best Calgary has to offer. From the cafes on 7th Street to the historic Tomkins Park, this community is perfect for professionals and urban explorers who crave an active, downtown energy.
- Transit: Near 7th Street SW Station (CTrain Red/Blue Lines)
- Walk Score: 100 (Walker’s Paradise)
Live Listings for Drake
Browse all current condos for sale in Drake below. These listings are updated every 15 minutes to ensure you see the newest properties first.
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Common FAQs
If you are in need of an Calgary Realtor right now, you can call us here.
Is Drake a pet-friendly building?
Yes, Drake is known for being a pet-friendly building. Residents are typically allowed to have up to two pets (dogs or cats), with a maximum weight limit of approximately 25kg (55lbs) each. As with most Calgary condos, pets must be registered and approved by the condo board to ensure they follow building bylaws.
What is included in the monthly condo fees at Drake?
Condo fees at Drake are comprehensive and generally include heat, water, and sewer, along with common area maintenance, snow removal, trash collection, professional management, and contributions to the reserve fund. Because the building is LEED Certified, it features high-efficiency systems that help keep long-term operational costs stable. Residents are responsible for their own electricity and internet/cable.
What is the parking situation like for residents and guests?
Most units at Drake come with titled underground heated parking, which is a significant asset in the Beltline. The building also features a secure bike storage room to support its “car-free” lifestyle design. For visitors, there is limited on-site guest parking, but the building’s location offers plenty of nearby street parking and paid lots within a one-block radius.
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Condo Search FAQs
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What are condo fees and what do they typically cover?
Condo fees (or maintenance fees) are monthly contributions from each owner that go towards the building’s shared expenses. In Edmonton, these typically cover professional management, reserve fund contributions, landscaping, snow removal, common area maintenance (like hallways and lobbies), and building insurance. In many buildings, they also include utilities like heat and water.
What is a reserve fund and why is it important?
A reserve fund is a mandatory savings account maintained by the condo corporation to pay for major repairs and replacements of the building’s common elements over time (e.g., roof replacement, window upgrades, boiler replacement). A healthy reserve fund is crucial because it helps prevent large, unexpected special assessments (a lump-sum bill for each owner) when major work is needed.
Is buying a condo in Edmonton a good investment?
Condos can be an excellent investment in Edmonton, offering a more affordable entry point into the real estate market and a low-maintenance lifestyle. They are particularly popular in desirable areas like Downtown, Oliver, and near the University. Like any property, its value depends on location, the quality of the building’s management, and overall market trends.
What should I look for in the condo documents?
When you make an offer on a condo, it’s critical to review the condo documents. The key items to examine are the Reserve Fund Study (to ensure it’s well-funded), the annual budget, the board meeting minutes (to check for upcoming issues), and the bylaws (to understand rules regarding pets, renovations, etc.). We help all our clients navigate these documents to ensure they’re making a sound purchase.
What are the main benefits of condo living?
The primary benefits of condo living are a low-maintenance lifestyle (no shoveling snow or cutting grass), access to shared amenities (like fitness centres, pools, or social rooms), enhanced security, and often a lower purchase price compared to a single-family home in the same neighbourhood. It’s an ideal choice for first-time buyers, downsizers, and busy professionals.
