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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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401 4 HEMLOCK Crescent SW
Spruce Cliff Calgary T3C 2Z1

$375,000
Residential beds: 1 baths: 2.0 938 sq. ft. built: 2007

Open concept living
Photo 1: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 2: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 3: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 4: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 5: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 6: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 7: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 8: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 9: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 10: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 11: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 12: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 13: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 14: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 15: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 16: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 17: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 18: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 19: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 20: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 21: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 22: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 23: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 24: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 25: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 26: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 27: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 28: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 29: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 30: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 31: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Photo 32: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175182
Bedrooms:
1
Bathrooms:
2
Year Built:
2007
Stunning, very well maintained 938 sq. ft. top-floor unit offers a perfect blend of comfort and style, ideal for those who value both luxury and convenience. With 10-foot ceilings, hardwood floors, and two spacious balconies, the bright and open-concept design welcomes you with natural light streaming through large south-facing windows. Imagine cozying up by the corner fireplace on cool evenings, or enjoying your morning coffee on the wrap-around deck. The modern maple kitchen, complete with stainless steel appliances and a raised breakfast bar, is perfect for casual dining, while the primary suite invites relaxation with its spa-like ensuite and private balcony access. A spacious den makes working from home a breeze, and the unit also includes in-suite laundry, underground parking, and storage. In this pet-friendly complex, you'll also have access to bike storage, a gym, and more—all just steps from downtown, LRT, pathways, golf, and Westbrook Mall for shopping.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
938.3 sq. ft.
Main Level Finished Area:
938.3 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$576.55
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Water
HOA Fee Includes:
Lot Area:
0 sq. ft.
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, No One Above
Total Rooms Above Grade:
6
Year built:
2007 (Age: 17)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
0714202
Heating:
In Floor, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Heated Garage, Parkade, Stall, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Copperwood
Spruce Cliff
Bicycle Storage, Car Wash, Clubhouse, Elevator(s), Fitness Center, Party Room, Recreation Room, Secured Parking, Storage, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garburator, Refrigerator, Washer, Window Coverings
none
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
13' × 11'3"
Main Floor
Bedroom - Primary
12'11" × 11'10"
Main Floor
Kitchen
11'5" × 7'7"
Main Floor
Den
11'7" × 7'10"
Main Floor
Dining Room
10'2" × 7'10"
Main Floor
Laundry
10'1" × 4'
Main Floor
Foyer
8'7" × 5'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'11" x 7'11"
Main Floor
No
2
4'11" x 5'5"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar, High Ceilings, Kitchen Island, Open Floorplan, See Remarks, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
See Remarks
Accessibility Features:
Accessible Entrance
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
M-C2 d142
Listed Date:
Oct 24, 2024
Days on Mkt:
  • Photo 1: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Open concept living
  • Photo 2: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Cozy living room
  • Photo 3: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Exterior front
  • Photo 4: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Living room other view
  • Photo 5: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Spacious Kitchen
  • Photo 6: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Stainless Steel Appliances
  • Photo 7: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Eating Bar
  • Photo 8: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Kitchen
  • Photo 9: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Living room to entrance
  • Photo 10: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Dining Area
  • Photo 11: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Massive Balcony
  • Photo 12: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Balcony 2nd view
  • Photo 13: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Primary Bedroom
  • Photo 14: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Primary reverse
  • Photo 15: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    4 piece ensuite
  • Photo 16: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Separate Shower
  • Photo 17: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Door to Balcony off Primary bedroom
  • Photo 18: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Balcony Views
  • Photo 19: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Balcony Views
  • Photo 20: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Balcony Views
  • Photo 21: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Entrance
  • Photo 22: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Entrance
  • Photo 23: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Den, ideal for office
  • Photo 24: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    two piece bath
  • Photo 25: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    In Suite Laundry room
  • Photo 26: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Titled Parking
  • Photo 27: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Car Wash
  • Photo 28: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Bike Storage
  • Photo 29: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    LRT Nearby
  • Photo 30: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Shaganappi Golf Nearby
  • Photo 31: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Edworthy Park Nearby
  • Photo 32: 401 4 HEMLOCK Crescent SW in Calgary: Spruce Cliff Apartment for sale : MLS®# A2175182
    Shopping Nearby
Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 PM (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:
35
Min days on market:
3
Max days on market:
195
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