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)
Contact Diane Richardson Easily With These Simple Steps:
Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.
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!
Discover this beautiful adult living 1 BEDROOM, 1 BATH, HIGH CEILINGS, CONCRETE MAIN FLOOR, 29' x 8' BALCONY, INDOOR PARKING! This main-floor home offers unique south-facing sunny views of the impressive central courtyard, landscaped garden walkways, water features, and a seasonal fountain. Never rented and lovingly maintained. Upgrades include stainless steel appliances, LVP flooring, stainless steel undermount sink, 1 titled parking stall, 99 leased storage in the storage room area with a private locker, bedroom(s) views of the courtyard/pond, and so much more! Journey Club Adult Living Al a Carte add on services available for this Odyssey building. WESTMAN VILLAGE RESORT LIVING - Check out the video links of the Village Center - all 3 floors! Impressive landscaping matches the picturesque views from your future backyard, with fountains, park benches, bridges, pathways & raised planters. 40,000 sf amenity centre speaks for itself. Activities are available for all interests & hobbies. Including a swimming pool with a 2-story water slide, golf simulator, fitness center, movie theatre & so much more... 24-hour, 7-day-a-week security & concierge service. Your new home features open floor plans maximizing your lifestyle experience with Jayman Core Performance & beautiful Fit and Finish. All homes include exceptional specifications, including solar panels on every building, forced air - heat, triple pane windows, Vancouver-inspired architecture with oversized covered balconies, and hardie board siding with extensive brick & stone masonry. Truly a one of a kind experience, join the select few who will call Odyssey their home. Winter eliminated 1,292 underground parking stalls- not just for our residents but also their guests & visitors with extensive pedestrian +15 skywalks & underground passageways—200 visitor parking stalls located in the heated, underground parkade. There are 10 short-term stay hotel suites, electric dual car chargers, 3 restaurants, the famous Alvin's Restaurant (casual-upscale jazz bar), Chairman’s Steakhouse, and our highest amenity & Diner Deluxe. Plus, Analog Coffee, Chopped Leaf, Diner Deluxe, Village Medical, Mahogany Village Dental, Sphere Optometry, Active Sports Therapy, JC Spa, PHI Medical Aesthetics, Moderna Cannabis, MASH Eats, Marble Slab, Dolphin Dry Cleaners, 5 Vines & Mode Fitness Studio, plus Pie Junkie and a daycare. Outstanding $8 Million on the surface & landscaping: 596 Trees, 8019 shrubs, 1940 grasses, 4292 perennials, 10 fountains onsite! Experience the fantastic community and 5-star resort-style living where every day feels like a vacation! Welcome Home!
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Security, Security Personnel, Sewer, Snow Removal, Trash, Water
Garage Door Opener, Heated Garage, Secured, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 /
-
Laundry Features:
In Unit, Laundry Room
HOA Fee:
$427.52
Condo Fee Frequency:
Monthly
Odyssey - Westman Village
Mahogany
Bicycle Storage, Car Wash, Clubhouse, Community Gardens, Day Care, Dog Park, Dog Run, Elevator(s), Fitness Center, Game Court Interior, Gazebo, Guest Suite, Laundry, Park, Parking, Party Room, Picnic Area, Playground, Recreation Facilities, Recreation Room, Roof Deck, Secured Parking, Snow Removal, Spa/Hot Tub, Storage, Trash, Visitor Parking, Workshop
Dishwasher, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
103
Avg list price:
$678,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
39
Min days on market:
1
Max days on market:
375
Avg price per sq.ft.:
$456.06
These statistics are generated based on the current listing's property type
and located in
Mahogany. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.