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201, 512 Cedar Crescent SW
homes for sale · Calgary · Spruce Cliff
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$224,900

201, 512 Cedar Crescent SW

Spruce Cliff, Calgary · MLS® A2352859

321

1,029 sq ft · Condo · Single Family · built 1967 · 8 days on market

listed by Danny Greene, RE/MAX First

realtor's description

Exceptional space, outstanding value, and an unbeatable inner-city location – welcome to 201 – 512 Cedar Crescent SW! Offered at just $224,900, this bright and spacious 3-bedroom condo in the desirable community of Spruce Cliff presents a rare opportunity to enjoy over 1,000 square feet of living space at a price point that's hard to find in today's Calgary market. Surrounded by beautiful greenery and river valley vistas, this inviting home offers an incredible combination of comfort, character, and convenience. Updated windows fill the home with natural light, highlighting the custom wood detailing that adds warmth throughout. The welcoming living room is centered around a rare, working wood-burning fireplace with a custom mantel, while oversized sliding patio doors lead to your private balcony showcasing picturesque views of the Downtown Calgary skyline and Shaganappi Point Golf Course. The functional galley-style kitchen offers ample cabinet storage along with a newer stove and refrigerator, while the well-designed floor plan features three bedrooms and two full 3-piece bathrooms with walk-in showers – a notable advantage over the typical 1.5-bathroom layouts found in neighbouring buildings. With plenty of room to make it your own, this property presents an exciting opportunity to add your personal touches and build equity over time. Beyond the home itself, the location delivers an exceptional lifestyle with Edworthy Park, Bow River pathways, Shaganappi Point LRT station, and Westbrook Mall all just minutes away. Enjoy peaceful, nature-filled surroundings while remaining just a quick 5-minute commute from downtown Calgary. With this much space, three bedrooms, two full bathrooms, and an incredible location at such an accessible price point, opportunities like this deserve a closer look – book your private showing today!

property details

type
Condo, Single Family
bedrooms
3
bathrooms
2
living area
1,029 sq ft
parking
1
year built
1967
property tax
$2,181 / yr
strata fee
$780 / mo ($0.76 / sq ft)
strata rules
Pets Allowed With Restrictions
days on market
8
MLS®
A2352859

features

  • Parking
  • Golf Course Development
  • Pets Allowed With Restrictions
  • Refrigerator
  • Cooktop - Electric
  • Dishwasher

monthly cost

$1,942/mo
Mortgage $980 · Tax $182 · Strata $780

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$980/ monthly
loan $179,920
25-year amortization
total interest
$114,040
land title fees
$505
transfer + mortgage registration; Alberta has no transfer tax
cash to close
$45,485
down + land title fees
total paid
$293,960

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent
$2,090/mo
after all costs
−$54/mo
cap rate
4.9%
yearly net rent ÷ price

Costs: mortgage $980 · tax $182 · strata $780 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in Calgary: CMHC's average there ($2,118) lowered by what new tenants pay against everyone in the Calgary area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca

schools

Nearest public (CBE) and Catholic schools, by distance

  • Elementary · CBE Alex Ferguson School1.3 km
  • Middle · CBE Vincent Massey School1.6 km
  • Secondary · CBE Louise Dean School1.3 km
  • Elementary · Catholic St. Michael School1.4 km
  • Secondary · Catholic Bishop Carroll High School4.2 km

The nearest school isn't always the designated one, and Calgary's boards don't publish their boundaries as open data. Check this address with the CBE school finder or Calgary Catholic's. School locations: City of Calgary open data.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Danny Greene
RE/MAX First
call Danny · 403-605-6626
Powered by: REALTOR.ca
▶ virtual tour

similar homes nearby

location

Spruce Cliff, CalgaryGoogle Maps ↗

Rapid transit: Shaganappi Point CTrain station, 1 km (about 16 min walk); Westbrook CTrain station, 1.1 km (about 17 min walk).

city assessment

$328,000

2026 assessment · market value as of July 1, 2025

  • Down 7.3% from $354,000 in 2025
  • $295,500 in 2016 (11% over ten years)
  • Asking price is 31% below the assessment
  • Built 1967
  • Lot 3,280 m² (35,306 sq ft)
roll yearassessed
2026$328,000
2025$354,000
2024$239,500
2023$235,500
2022$235,000
2021$243,000
2020$239,000
2019$260,500

From City of Calgary open data (property assessments), matched to 201 512 CEDAR CR SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $2,181 a year

The 2026 assessment times Calgary's 2026 residential rate of 6.65 per $1,000 (municipal and education).

The listing shows $2,181 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

location

Spruce Cliff, CalgaryGoogle Maps ↗

Rapid transit: Shaganappi Point CTrain station, 1 km (about 16 min walk); Westbrook CTrain station, 1.1 km (about 17 min walk).

Drive times
  • Greek2 min
  • Westmount Charter School Elementary8 min
  • Downtown Calgary9 min
  • University of Calgary11 min
  • Foothills Medical Centre12 min
  • YYC airport28 min
65

Walkability 65/100 · Walkable: many errands on foot

Within a 10 minute walk: 7 parks and playgrounds, 1 school, 6 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

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1204, 55 Spruce Place SW, Calgary, photo 8
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