NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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How Much You Can Afford When Applying For A Mortgage

In Canada, the minimum down payment requirements can impact how much you can afford when applying for a mortgage. These rules dictate that the minimum down payment must be:

  • 5% of the purchase price for homes up to $500,000
  • 10% of the purchase price for any amount between $500,000 and $1 million
  • 20% of the purchase price for homes over $1 million.

For example, if you have saved $15,000 for a down payment, the maximum home price you can afford would be $300,000 ($15,000 divided by 5%). However, if your down payment was $30,000, your maximum affordability would increase to $550,000. You can use our mortgage affordability calculator to run the numbers yourself and determine what price range would be suitable for your budget. However, some lenders may require a higher down payment depending on your credit score, employment history, and other factors. It's important to speak with a mortgage lender (I can help with this)to get a more accurate estimate of your down payment requirements.(Loanscanada.ca)

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1803 77 Spruce Place SW
Spruce Cliff Calgary T3C 3X6

$389,900
Residential beds: 2 baths: 2.0 816 sq. ft. built: 2008

Main Photo: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
Photo 1: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
Photo 2: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
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Photo 22: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
Photo 23: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
Photo 24: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
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Photo 27: 1803 77 Spruce Place SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2154374
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2154374
Bedrooms:
2
Bathrooms:
2
Year Built:
2008
Discover this beautifully 2-bedroom, 2-bathroom condo on the 18th floor of the prestigious Encore Building, featuring breathtaking views of Downtown Calgary and the Rocky Mountains from its south and west-facing balcony. This open-concept design includes a spacious kitchen with modern black appliances and elegant granite countertops. Unwind in the large living room by the cozy corner fireplace, bathed in natural light from the floor-to-ceiling windows, or head out to the expansive private balcony to enjoy summer BBQs and admire the stunning mountain sunsets. The condo's well-sized bedrooms provide plenty of natural light as the walls are floor to ceiling windows. Residents have access to a wide range of amenities, such as a fitness room, indoor pool, and lounge, along with titled underground parking, heated secure guest parking, and storage lockers. Ideally situated within walking distance of the LRT, shopping centers, restaurants, downtown attractions, and just minutes from golf courses and universities, this outstanding property offers a unique opportunity for luxurious urban living.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
816 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$666.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South, West
Floor Location:
Other
Entry Level:
18
Stories Total:
26
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
2008 (Age: 16)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0811023
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete, Stone
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Parkade, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Encore
Spruce Cliff
Elevator(s), Fitness Center, Indoor Pool
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
na
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Entrance
8'6" × 3'6"
Main Floor
Kitchen With Eating Area
10'8" × 7'8"
Main Floor
Living Room
14' × 12'2"
Main Floor
Laundry
3' × 2'11"
Main Floor
Bedroom - Primary
15'2" × 10'10"
Main Floor
Bedroom
13'1" × 10'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'11" x 7'11"
Main Floor
Yes
4
4'10" x 7'11"
Title to Land:
Fee Simple
Community Features:
Golf, Schools Nearby, Shopping Nearby
Interior Features:
Granite Counters
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
DC (pre 1P2007)
Listed Date:
Jul 31, 2024
Days on Mkt:
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Listed by 2% Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$683,450
Min list price:
$274,000
Max list price:
$1,795,000
Avg days on market:
34
Min days on market:
2
Max days on market:
194
Avg price per sq.ft.:
$462.6
These statistics are generated based on the current listing's property type and located in Spruce Cliff. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706