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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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508 1123 13 Avenue SW
Beltline Calgary T2R 0L7

$325,000
Residential beds: 2 baths: 1.0 902 sq. ft. built: 1971

Building Front
Photo 1: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 2: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 3: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 4: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 5: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 6: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 7: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 8: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 9: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 10: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 11: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 12: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 13: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 14: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 15: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 16: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 17: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 18: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 19: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 20: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 21: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 22: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 23: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 24: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 25: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 26: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 27: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Photo 28: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156010
Bedrooms:
2
Bathrooms:
1
Year Built:
1971
Stunning 2-Bedroom Condo in the Heart of the Beltline Welcome to your new home! This beautiful 2-bedroom, 1-bathroom condo offers the perfect blend of modern luxury and urban convenience. Spread across two floors, this spacious unit features elegant granite countertops and stylish maple cabinets in the kitchen, making it a chef’s dream. Enjoy your morning coffee or evening relaxation on your private balcony, with stunning views of the vibrant Beltline neighborhood. The location is unbeatable – just a short walk to downtown, giving you easy access to all the amenities, restaurants, and entertainment options the city has to offer. Don’t miss out on this incredible opportunity to live in one of the most sought-after areas. Schedule a viewing today and experience the best of city living!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
902 sq. ft.
Main Level Finished Area:
464 sq. ft.
Upper Level Finished Area:
407 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$613.54
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
Northwest
Floor Location:
Other
Entry Level:
5
Stories Total:
7
Levels:
Multi Level Unit
End Unit:
2+ Common Walls, End Unit
Total Rooms Above Grade:
5
Year built:
1971 (Age: 53)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8811491
Heating:
Baseboard, Hot Water
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
0
Garage Spaces:
1
Parking:
Assigned, Parkade, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Executive Estates
Beltline
Elevator(s), Park, Parking, Snow Removal
Dishwasher, Electric Stove, European Washer/Dryer Combination, Refrigerator, Window Coverings
None
Pet Restrictions or Board approval Required
Restrictions, Cats OK, Dogs OK
Floor
Type
Size
Other
Main Floor
Living Room
17'10" × 11'1"
Main Floor
Kitchen
8'3" × 8'
Main Floor
Dining Room
11'1" × 7'
Main Floor
Storage
6'7" × 3'4"
Main Floor
Entrance
6'9" × 6'2"
Main Floor
Laundry
3' × 3'
Main Floor
Balcony
7'4" × 6'1"
Upper Level
Bedroom - Primary
12'4" × 12'
Upper Level
Bedroom
10'11" × 10'3"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
4'11" x 7'7"
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Ceiling Fan(s), Granite Counters, No Animal Home, No Smoking Home
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-MH
Listed Date:
Aug 08, 2024
Days on Mkt:
  • Photo 1: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Building Front
  • Photo 2: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Wide Staircase
  • Photo 3: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Home
  • Photo 4: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    2-storey
  • Photo 5: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Galley Kitchen
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  • Photo 8: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Washer/Dryer Combo
  • Photo 9: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Dining Room
  • Photo 10: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Feature Wall
  • Photo 11: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Living Room
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    Photo 15 of 28
  • Photo 16: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Storage
  • Photo 17: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    View
  • Photo 18: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
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  • Photo 22: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    primary Bedroom
  • Photo 23: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Photo 23 of 28
  • Photo 24: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Bedroom #2
  • Photo 25: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
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  • Photo 27: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Lobby
  • Photo 28: 508 1123 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2156010
    Photo 28 of 28
Listed by RE/MAX Real Estate (Mountain View)
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
235
Avg list price:
$385,000
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
43
Min days on market:
1
Max days on market:
448
Avg price per sq.ft.:
$503.8
These statistics are generated based on the current listing's property type and located in Beltline. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706