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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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412 738 1 Avenue SW
Eau Claire Calgary T2P 5G8

$2,098,000
Residential beds: 2 baths: 3.0 1,617 sq. ft. built: 2019

View of The Concord
Photo 1: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 2: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 3: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 4: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 5: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 6: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 7: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 8: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 9: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 10: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 11: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 12: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 13: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 14: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 15: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 16: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 17: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 18: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 19: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 20: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 21: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 22: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 23: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 24: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 25: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 26: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 27: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 28: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 29: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 30: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 31: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 32: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 33: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 34: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 35: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 36: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 37: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 38: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 39: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 40: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 41: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 42: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 43: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 44: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 45: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 46: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Photo 47: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171604
Bedrooms:
2
Bathrooms:
3
Year Built:
2019
Discover the epitome of luxury living in this exquisite original owner condo located in The Concord building, a prestigious address symbolizing sophistication & elegance across from the iconic Peace Bridge in Eau Claire. A private elevator leads directly to your unit's foyer, ensuring exclusivity & privacy that is rare in urban living. Floor-to-ceiling windows facing the river flood the space with natural light, w/unobstructed NW & E views. Step inside through elegant double glass doors & be captivated by the open floor plan, which spans nearly 2,000 sq. ft. This stunning unit showcases features such as Control 4 automation, hardwood flooring, LED lighting, built-in speakers, marble finishes, and heated bathroom floors for added comfort. At the heart of this luxurious residence lies the Poggenpohl kitchen, equipped with white stone countertops, a spacious island that seats four, and top-of-the-line Miele appliances, including a gas cooktop, built-in refrigerator, and wine fridge—ideal for both cooking & entertaining. The formal dining room, adorned with a stunning chandelier, seamlessly flows into the expansive living room, which includes access to two private balconies—perfect for morning coffee or evening cocktails—while a cozy gas fireplace adds warmth. Journey down the hall to find the large primary bedroom, offering direct access to one of the balconies through generous patio glass doors. The opulent 5-piece ensuite features his/her sinks, a tall glass and marble shower, heated floors, & a luxurious jacuzzi soaker tub. The spacious walk-in closet ensures effortless organization. Bedroom two features glass patio doors leading to the same balcony, a large closet with built-ins, & a stylish 4-piece ensuite bathroom with a tub/shower combo & heated flooring. Indulge in exceptional craftsmanship & meticulous attention to detail throughout this remarkable residence. Custom built-ins, walnut wood accents, and a separate laundry closet reflect a commitment to quality and style. This residence includes Level 2 charging in the oversized private garage w/ one of the largest storage units, ensuring ample space for all your belongings. With a dedicated 24-hour concierge, every need is met with grace, allowing you to indulge in true luxury. The heated garage offers guest parking & a car wash facility, complete with a separate undercarriage wash, ensuring your vehicles stay pristine. The building's amenities enhance your living experience, featuring a state-of-the-art fitness center, an elegant party room, & a beautiful patio area with BBQ space overlooking a serene pond. In winter, this charming pond transforms into a picturesque skating rink, perfect for seasonal recreation. Experience the ultimate in luxurious living—call today to schedule a showing & take the first step toward making this extraordinary condo your new home. Embrace a lifestyle defined by elegance and Luxury.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
1,616.91 sq. ft.
Main Level Finished Area:
1,616.91 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,619.97
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Residential Manager, Security, 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:
Northwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East, Northwest
Floor Location:
Other
Entry Level:
4
Stories Total:
14
Levels:
Single Level Unit
End Unit:
1 Common Wall, End Unit
Total Rooms Above Grade:
0
Year built:
2019 (Age: 5)
Bedrooms:
2 (Above Grd: 0)
Bedrooms Above Grade:
0
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1911332
Heating:
Fan Coil, In Floor, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone
Structure Type:
High Rise (5+ stories)
Roof:
Rubber
Ensuite:
Yes
Flooring:
Hardwood, Marble
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Decorative, Gas, Glass Doors, Insert, Living Room, Stone
Garage:
1
Garage Spaces:
2
Parking:
220 Volt Wiring, Double Garage Attached, Driveway, Enclosed, Garage Door Opener, Guest, Heated Driveway, Heated Garage, Oversized, Owned, Parkade, Secured, Side By Side, Titled, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
The Concord
Eau Claire
Car Wash, Elevator(s), Fitness Center, Park, Parking, Party Room, Secured Parking, Snow Removal, Trash, Visitor Parking
Built-In Oven, Built-In Refrigerator, Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Gas Cooktop, Microwave, Range Hood, Washer, Washer/Dryer, Window Coverings, Wine Refrigerator
Poggenphol luxury kitchen cabinets and closets, Control 4 System - 2 Security camera's, TV's and Mounts - Living room and Bedroom 2. Level charging in Private oversized double garage. Soft close drawers in Primary closet. Extra tall Poggenphol Kitchen double cabinet added in Kitchen, Closets and laundry includes built in shelving. Primary Tub- Jacuzzi, Bedrooms have Patio doors to balcony #2. Balcony #1 and #2 include bbq gasoline's. Living room has separate Patio doors to Balcony#1 and #2.
Board Approval, Easement Registered On Title, Restrictive Covenant
Restrictions
Floor
Type
Size
Other
Lower Level
Storage
24'3" × 9'3"
Lower Level
Other
18' × 7'
Suite
Kitchen
14'8" × 11'10"
Suite
Dining Room
20' × 13'
Suite
Living Room
19' × 17'6"
Suite
Nook
12'7" × 10'6"
Suite
Foyer
11'6" × 5'1"
Suite
Laundry
4'10" × 3'6"
Suite
Balcony
32' × 9'
Suite
Balcony
16' × 6'8"
Suite
Bedroom - Primary
12'6" × 11'11"
Suite
Bedroom
11'5" × 11'2"
Floor
Ensuite
Pieces
Other
Suite
No
2
5'1" x 8'7"
Suite
Yes
4
5' x 8'2"
Suite
Yes
5
8'2" x 9'
Title to Land:
Fee Simple
Community Features:
Fishing, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Chandelier, Closet Organizers, Double Vanity, Elevator, French Door, High Ceilings, Jetted Tub, Kitchen Island, Low Flow Plumbing Fixtures, Natural Woodwork, No Smoking Home, Open Floorplan, Recessed Lighting, Separate Entrance, Smart Home, Stone Counters, Storage, Vinyl Windows, Wired for Data, Wired for Sound
Exterior Features:
Balcony, Barbecue, BBQ gas line, Private Entrance
Patio And Porch Features:
Balcony(s), Wrap Around
Accessibility Features:
Accessible Elevator Installed
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Oct 08, 2024
Days on Mkt:
  • Photo 1: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    View of The Concord
  • Photo 2: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Front foyer w/ secure door to hallyway and private elevator to unit.
  • Photo 3: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Double glass doors
  • Photo 4: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    1/2 bath
  • Photo 5: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Kitchen View
  • Photo 6: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Kitchen view
  • Photo 7: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Kitchen
  • Photo 8: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Breakfast bar and Island
  • Photo 9: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Kitchen
  • Photo 10: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Kitchen
  • Photo 11: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Cabinet/ Pantry in Dining nook
  • Photo 12: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Dining nook
  • Photo 13: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Dining nook
  • Photo 14: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Dining Room
  • Photo 15: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Dining Room
  • Photo 16: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Living room w/wrap around windows door to NW and E Balcony
  • Photo 17: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Living Room
  • Photo 18: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Living room w/Gas fireplace
  • Photo 19: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Bedroom 2
  • Photo 20: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Bedroom 2
  • Photo 21: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Bedroom 2 Ensuite
  • Photo 22: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Primary Bedroom w/ Patio doors to E balcony
  • Photo 23: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Primary Bedroom
  • Photo 24: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    His Ensuite and Her sink
  • Photo 25: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Jacuzzi Tub/ Shower Primary Ensuite
  • Photo 26: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Primary Ensuite
  • Photo 27: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Primary Closet w/ Poppenpho; Cabinetry
  • Photo 28: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Balcony #1 NW View
  • Photo 29: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Balcony #1
  • Photo 30: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Balcony #2
  • Photo 31: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Balcony #2
  • Photo 32: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Separate Man door to Garage and garage door
  • Photo 33: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    PRIVATE oversized double garage w/ Secured storage
  • Photo 34: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    The Concord carwash
  • Photo 35: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Photo 35 of 47
  • Photo 36: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Front Entry
  • Photo 37: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Front entry Driveway
  • Photo 38: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    View
  • Photo 39: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    View
  • Photo 40: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    View
  • Photo 41: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    View
  • Photo 42: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    IconicView Peace Bridge
  • Photo 43: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Iconic Peace Bridge
  • Photo 44: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Exterior view of unit
  • Photo 45: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    The Concord
  • Photo 46: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Elevator #1 to Unit
  • Photo 47: 412 738 1 Avenue SW in Calgary: Eau Claire Apartment for sale : MLS®# A2171604
    Concierge, Front Entrance to Building
Listed by RE/MAX Realty Professionals
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$924,950
Min list price:
$350,000
Max list price:
$5,999,000
Avg days on market:
55
Min days on market:
7
Max days on market:
277
Avg price per sq.ft.:
$686.33
These statistics are generated based on the current listing's property type and located in Eau Claire. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706