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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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402 4150 Seton Drive SE
Seton Calgary T3M 3C7

$450,000
Residential beds: 2 baths: 2.0 857 sq. ft. built: 2020

Main Photo: 402 4150 Seton Drive SE in Calgary: Seton Apartment for sale : MLS®# A2176463
Photo 1: 402 4150 Seton Drive SE in Calgary: Seton Apartment for sale : MLS®# A2176463
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Photo 31: 402 4150 Seton Drive SE in Calgary: Seton Apartment for sale : MLS®# A2176463
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176463
Bedrooms:
2
Bathrooms:
2
Year Built:
2020
Welcome to this stunning top-floor 2-bedroom, 2-bathroom condo that truly has it all! This south-facing unit is flooded with natural light and features AC, 2 parking stalls, tons of upgrades and even your own storage unit. You'll immediately be greeted by the expansive kitchen, complete with waterfall countertops, ceiling-height cabinets and a built-in wine rack. Enjoy the convenience of a deep oversized sink with an upgraded faucet and a pull-out garbage bin. With no detail missed, this open-concept floor plan has vinyl plank flooring throughout and both bathrooms are finished with tile flooring. Relax in the large living room, perfect for unwinding after a long day while enjoying the lovely views from the top floor. Retreat to the spacious primary bedroom, which boasts a luxurious ensuite featuring a double vanity, elegant herringbone tile extending to the ceiling, upgraded shelving and pull-out drawers for ample storage. The ensuite seamlessly flows into a roomy walk-in closet. The generously sized second bedroom offers versatility for guests, a home office or a cozy den and is conveniently located near the second bathroom, which also features herringbone tile to the ceiling, adding a spa-like feel. Benefit from a well-sized laundry room and an expansive patio equipped with a gas hookup for your BBQ—ideal for entertaining guests. This unit includes two heated underground parking stalls, a dedicated storage unit and bike storage for added convenience. Located just a short walk from South Health Campus Hospital, the world’s largest YMCA, Cineplex Cinemas, shopping, a dog park and Joane Cardinal-Schubert High School, this home offers exceptional convenience. With easy access to Deerfoot Trail for quick commutes, this condo is a must-see and shows like new!
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:
857.22 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$433.08
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2020 (Age: 4)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1911376
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Composite Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Tile, Vinyl Plank
Cooling:
Wall Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Elevator(s), Secured Parking, Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
A/C Wall Unit
Easement Registered On Title, Pet Restrictions or Board approval Required, Restrictive Covenant
Restrictions, Cats OK, Dogs OK
Floor
Type
Size
Other
Main Floor
Entrance
4'5" × 4'3"
Main Floor
Kitchen
15'3" × 8'10"
Main Floor
Living Room
11'5" × 11'
Main Floor
Bedroom - Primary
14' × 9'3"
Main Floor
Bedroom
12'5" × 9'3"
Main Floor
Laundry
7'9" × 6'11"
Main Floor
Balcony
15'7" × 5'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'10" x 4'11"
Main Floor
Yes
4
8'3" x 8'3"
Title to Land:
Fee Simple
Community Features:
Other, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Built-in Features, Double Vanity, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, See Remarks, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s), See Remarks
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
DC
Listed Date:
Oct 31, 2024
Days on Mkt:
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Virtual Tour

Listed by RE/MAX First
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
89
Avg list price:
$474,900
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
25
Min days on market:
3
Max days on market:
155
Avg price per sq.ft.:
$426.07
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706