NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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808 205 Riverfront Avenue SW
Chinatown Calgary T2P 5K4

$450,000
Residential beds: 2 baths: 2.0 863 sq. ft. built: 2001

Main Photo: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 1: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 2: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 3: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 4: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 5: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 6: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 7: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
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Photo 12: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 13: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
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Photo 16: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 17: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
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Photo 20: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Photo 21: 808 205 Riverfront Avenue SW in Calgary: Chinatown Apartment for sale : MLS®# A2160125
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160125
Bedrooms:
2
Bathrooms:
2
Year Built:
2001
This spacious corner unit boasts floor-to-ceiling windows that offer stunning views of the Bow River and the downtown skyline. The open, thoughtfully designed layout includes 9-foot ceilings and elegant hardwood floors. The central kitchen features a convenient eating bar and modern stainless steel appliances. There have been many upgrades over the past year, solar-powered smart blinds, knockdown ceilings, pot lights throughout, a new kitchen backsplash with built-in niches, and quartz countertops. The living room is warm and inviting, with a cozy gas fireplace, built-in shelving, and a patio door that opens to a large, private balcony. The primary bedroom includes a walk-in closet and an ensuite bath, while the generously sized second bedroom is situated on the opposite side of the unit for added privacy and has easy access to the second bathroom. Additional highlights include air conditioning, heated underground parking for one vehicle, and in-suite laundry with extra storage. This prime location is just steps away from the river, Eau Claire, and the city center, with restaurants, bars, entertainment venues, theatres, museums, the Bow River, Chinatown, East Village, transit/LRT, and churches all within walking distance.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
863.07 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$675.44
Condo Fee Includes:
Common Area Maintenance, Heat, Professional Management, Reserve Fund Contributions, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southeast
Floor Location:
Other
Entry Level:
8
Stories Total:
11
Levels:
Single Level Unit
End Unit:
End Unit
Total Rooms Above Grade:
6
Year built:
2001 (Age: 23)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0112416
Heating:
Fan Coil, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Tar/Gravel
Ensuite:
Yes
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
0
Parking:
Parkade, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
205 Riverfront
Chinatown
Elevator(s), Parking, Secured Parking, Snow Removal, Trash
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
Bedroom - Primary
16'6" × 12'8"
Main Floor
Bedroom
11'4" × 10'9"
Main Floor
Dining Room
13'9" × 10'4"
Main Floor
Foyer
10'2" × 7'2"
Main Floor
Kitchen
11'5" × 7'10"
Main Floor
Living Room
13'1" × 12'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6'11" x 5'7"
Main Floor
Yes
4
5'11" x 7'6"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Aug 23, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$399,900
Min list price:
$249,900
Max list price:
$1,649,900
Avg days on market:
33
Min days on market:
4
Max days on market:
152
Avg price per sq.ft.:
$593.92
These statistics are generated based on the current listing's property type and located in Chinatown. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706