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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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310 2702 17 Avenue SW
Shaganappi Calgary T3E 0A7

$350,000
Residential beds: 1 baths: 1.0 504 sq. ft. built: 2016

Main Photo: 310 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2172150
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172150
Bedrooms:
1
Bathrooms:
1
Year Built:
2016
Welcome to this stunning 3rd-floor corner unit, where modern living meets an abundance of natural light through extra windows. The stylish kitchen features quartz countertops, stainless steel appliances, and two-tone cabinetry with a natural wood finish and high-gloss white uppers, all equipped with soft-close mechanisms. The open, bright layout boasts wide plank flooring and an inviting office nook, perfect for remote work. You'll also find a well-appointed 4-piece bathroom and convenient in-suite laundry. The spacious bedroom offers a serene retreat, while the titled heated underground parking and assigned storage unit add to the unit's practicality. Additional bicycle storage is available, catering to active lifestyles. Located just blocks from the C-train station, this property provides easy access to downtown Calgary’s vibrant amenities while being nestled in a quieter setting. Enjoy a quick drive to the heart of downtown, Shaganappi Golf Course, and to the Calgary Tennis Club. Whether you’re a professional seeking urban elegance or an investor looking for a lucrative income-generating property, this condo is the ideal blend of modern design, functionality, and a prime central location.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
504.35 sq. ft.
Main Level Finished Area:
504.35 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$344.96
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Professional Management, Reserve Fund Contributions, Residential Manager, Sewer, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2016 (Age: 8)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1610654
Heating:
Baseboard
New Constr.:
No
Construction Material:
Cedar, Composite Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
1741
Shaganappi
Bicycle Storage, Elevator(s), Storage
Dishwasher, Gas Stove, Microwave, Refrigerator, Washer/Dryer Stacked
N/A
Pet Restrictions or Board approval Required
Yes
Floor
Type
Size
Other
Main Floor
Living Room
17'3" × 10'6"
Main Floor
Kitchen
10'10" × 7'7"
Main Floor
Nook
5'10" × 3'8"
Main Floor
Bedroom - Primary
10'1" × 9'1"
Main Floor
Laundry
5'5" × 2'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MU-1
Listed Date:
Oct 17, 2024
Days on Mkt:
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3D Tour

Listed by eXp Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$849,900
Min list price:
$219,900
Max list price:
$2,099,000
Avg days on market:
44
Min days on market:
18
Max days on market:
294
Avg price per sq.ft.:
$553.04
These statistics are generated based on the current listing's property type and located in Shaganappi. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706