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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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1801 1053 10 Street SW
Beltline Calgary T2R 1S6

$325,000
Residential beds: 2 baths: 1.0 640 sq. ft. built: 2009

Main Photo: 1801 1053 10 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2177249
Photo 1: 1801 1053 10 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2177249
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Photo 34: 1801 1053 10 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2177249
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177249
Bedrooms:
2
Bathrooms:
1
Year Built:
2009
Welcome to this breathtaking 18th-floor condo with sweeping views of the river, mountains, and downtown Calgary from your private west-facing balcony. This elegantly updated 2-bedroom, 1-bathroom residence perfectly blends luxury and convenience, creating a sophisticated urban retreat. The open-concept kitchen and living room are thoughtfully designed for entertaining, with 9-foot ceilings adding to the sense of space and light. The kitchen features stainless steel appliances, sleek maple cabinets, and modern vinyl plank flooring, with in-suite laundry adding ultimate convenience. From your living room, enjoy stunning sunsets and panoramic mountain views that bring natural beauty right to your door. Nestled in the heart of Calgary’s Beltline, this prime location offers unparalleled convenience. You’re only a block from downtown, with Midtown Co-op just steps away and Connaught School two blocks from your door. The LRT station is within a short stroll, and access to the West LRT line and public transit ensures effortless commuting. The building elevates your lifestyle with a suite of amenities, including a fitness center, steam room, secure bike storage, and 24-hour security. Four high-speed elevators and secured visitor parking make coming and going easy. For pet lovers, the building is pet-friendly, and your titled, heated underground parking spot keeps your vehicle safe and warm year-round. With low condo fees covering all utilities—heat, water, and electricity—this home is as cost-effective as it is luxurious. Perfect for first-time buyers, downsizers, or savvy investors, this unit isn’t just a home; it’s a lifestyle. Explore this incredible space from the comfort of your home with our virtual tour. Don’t miss out on this exceptional opportunity—contact us today to schedule your viewing and make Unit 1801 your own Calgary sanctuary.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
640 sq. ft.
Main Level Finished Area:
640 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$444.98
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Security Personnel, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Top
Entry Level:
18
Stories Total:
26
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2009 (Age: 15)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0712898
Heating:
Central
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco
Structure Type:
High Rise (5+ stories)
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Tile, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Vantage Pointe
Beltline
Elevator(s), Fitness Center, Party Room, Storage, Trash, Visitor Parking
Dishwasher, Electric Range, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
16'3" × 8'4"
Main Floor
Kitchen With Eating Area
9' × 9'
Main Floor
Laundry
4'11" × 3'4"
Main Floor
Bedroom - Primary
13'10" × 9'7"
Main Floor
Bedroom
9'11" × 8'5"
Main Floor
Balcony
7'7" × 7'7"
Main Floor
Entrance
9'4" × 5'8"
Main Floor
Dining Room
10'6" × 7'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'8" x 6'5"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
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:
DC
Listed Date:
Nov 04, 2024
Days on Mkt:
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Listed by TrustPro Realty
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