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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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204 6825 centre Street NW
Huntington Hills Calgary T2K 5C4

$199,900
Residential beds: 2 baths: 1.0 672 sq. ft. built: 1983

Main Photo: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 1: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 2: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 3: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 4: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 5: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 6: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 7: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
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Photo 11: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 12: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 13: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 14: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
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Photo 16: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 17: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
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Photo 20: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 21: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 22: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 23: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 24: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Photo 25: 204 6825 centre Street NW in Calgary: Huntington Hills Apartment for sale : MLS®# A2152136
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2152136
Bedrooms:
2
Bathrooms:
1
Year Built:
1983
This property listing emphasizes several appealing features: 1.**Price and Condo Fee**: The two-bedroom apartment is priced at $199,900, with a monthly condo fee of $509 that includes heat, water, insurance, maintenance of the exteriors and structure, management of the building, etc. 2. **Prime Location**: - 2 blocks to local amenities such as the library, swimming pool, skating/hockey rec center, and a superstore. - Walking distance to multiple schools: John A. Macdonald, John Diefenbaker, and St. Helena. 3.. **Apartment Features**: - East-facing with abundant natural light. - Spacious, open-plan layout designed for entertaining. - Bright living room that opens to a formal dining room. - A good-sized kitchen with a walk-in pantry. - Two large bedrooms. - A 4-piece main bathroom. - In-suite laundry room. - One assigned parking space. 4. **Accessibility**: Easy access to major routes (Deerfoot Trail, 14 Street, and McKnight Blvd) and the airport. 5. Occupied by tenants with month to month lease. Rent is $1250.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
672 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$509.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
2
Stories Total:
3
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
1983 (Age: 41)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0212249
Heating:
Hot Water
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Huntington Hills
None
Dishwasher, Refrigerator, Stove(s), Washer/Dryer Stacked, Window Coverings
nil
None Known
Yes
Floor
Type
Size
Other
Main Floor
Kitchen
10' × 7'
Main Floor
Dining Room
7' × 7'
Main Floor
Living Room
14' × 11'
Main Floor
Bedroom
11'4" × 9'
Main Floor
Bedroom - Primary
9'1" × 9'
Main Floor
Balcony
10' × 4'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7' x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Laminate Counters, No Smoking Home, Pantry
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone N
Zoning:
RM-4
Listed Date:
Jul 23, 2024
Days on Mkt:
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Listed by Kingsland Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$604,500
Min list price:
$189,900
Max list price:
$899,900
Avg days on market:
26
Min days on market:
2
Max days on market:
167
Avg price per sq.ft.:
$520.8
These statistics are generated based on the current listing's property type and located in Huntington Hills. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706