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
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!
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
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
Nearest public (CBE) and Catholic schools, by distance
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.
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Rapid transit: Shaganappi Point CTrain station, 1 km (about 16 min walk); Westbrook CTrain station, 1.1 km (about 17 min walk).
$328,000
2026 assessment · market value as of July 1, 2025
| roll year | assessed |
|---|---|
| 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.
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.
Rapid transit: Shaganappi Point CTrain station, 1 km (about 16 min walk); Westbrook CTrain station, 1.1 km (about 17 min walk).
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.