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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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615 370 Dieppe Drive SW
Currie Barracks Calgary T3E 7L4

$325,000
Residential beds: 1 baths: 1.0 417 sq. ft. built: 2024

Main Photo: 615 370 Dieppe Drive SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2176332
Photo 1: 615 370 Dieppe Drive SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2176332
Photo 2: 615 370 Dieppe Drive SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2176332
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Photo 20: 615 370 Dieppe Drive SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2176332
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176332
Bedrooms:
1
Bathrooms:
1
Year Built:
2024
Welcome to your dream home in this delightful top-floor unit, ideally situated for both convenience and comfort! With impressive 12-foot ceilings and a west-facing orientation, this property offers stunning mountain views and a peaceful courtyard setting. Just a short walk from all amenities, including Mount Royal University, you'll enjoy seamless access to everything you need. The building features two elevators for easy resident access, making your daily routine a breeze. As you enter through the grand front door, you're greeted by elegant herringbone hardwood flooring and a spacious cloak closet. Adjacent to the entryway is a convenient in-suite stacked Samsung washer and dryer combo. The well-designed galley kitchen is a chef's dream, featuring beautiful stone countertops, paneled appliances—including a Fisher & Paykel fridge and Blomberg dishwasher—and a flush-mount concealed range hood above the Samsung range. The deep black 30” single-bowl stainless steel sink, Samsung microwave, and ample storage, including a pantry, make this kitchen as functional as it is stylish, enhanced by stunning gold hardware. The expansive 12’x9’ living room is flooded with natural light from large windows, showcasing picturesque views of the courtyard and mountains. Stylish crown molding and a thoughtfully placed flush-mount light fixture enhance the inviting atmosphere, perfect for relaxation. The cozy bedroom is fully carpeted and includes a spacious closet for all your storage needs. The elegant bathroom features floor-to-ceiling tile, a hex tile floor, and a stunning stone countertop with a gorgeous full backsplash that rises to the ceiling. Enjoy the luxury of dual shower heads—one fixed and one mobile—along with sophisticated gold hardware that adds a touch of elegance. Don’t miss your chance to own this beautiful top-floor unit—schedule a viewing today! This is a brand new unit, never lived in, and city taxes are yet to be assessed!
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:
417 sq. ft.
Main Level Finished Area:
417 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$218.49
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Top
Entry Level:
6
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2024 (Age: 0)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2411591
Heating:
Baseboard, Natural Gas
New Constr.:
Yes
Construction Material:
Concrete, Wood Frame
Structure Type:
High Rise (5+ stories)
Roof:
Membrane
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Rough-In
Fireplaces:
0
Garage:
0
Parking:
Covered, Enclosed, Garage Door Opener, Heated Garage, Owned, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Currie Barracks (Calgary)
Dog Park, Elevator(s), Park, Parking, Secured Parking, Snow Removal, Trash, Visitor Parking
Dishwasher, Garage Control(s), Microwave, Range, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
Call Lister
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
9'1" × 8'8"
Main Floor
Kitchen
17'9" × 6'5"
Main Floor
Living Room
12' × 8'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 8'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Crown Molding, High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Stone Counters, Vinyl Windows
Exterior Features:
Balcony, BBQ gas line, Courtyard
Patio And Porch Features:
Balcony(s), Glass Enclosed
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
DC
Listed Date:
Nov 02, 2024
Days on Mkt:
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Listed by Royal LePage Benchmark
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$575,000
Min list price:
$249,900
Max list price:
$2,279,000
Avg days on market:
33
Min days on market:
6
Max days on market:
202
Avg price per sq.ft.:
$568.4
These statistics are generated based on the current listing's property type and located in Currie Barracks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706