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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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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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2410 720 13 Avenue SW
Beltline Calgary T2R 1M5

$725,000
Residential beds: 2 baths: 2.0 2,103 sq. ft. built: 1980

Main Photo: 2410 720 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2176905
Photo 1: 2410 720 13 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2176905
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176905
Bedrooms:
2
Bathrooms:
2
Year Built:
1980
Situated on the 24th floor of the prestigious Estate building, this charming 2 bedroom plus den, 2 full bath condo offers over 2100 sq ft of living space plus sweeping views to the south & west to the majestic Rocky Mountains. With large principal rooms drenched in natural light, this is a prime opportunity to renovate & transform this incredible space into your sequestered castle in the sky! This unit also offers in-suite laundry & storage, 2 assigned parking stalls plus an assigned storage locker. Building amenities include a beautifully renovated building entrance, gym, heated salt water pool, Jacuzzi, large deck & BBQ’s, 24 hour concierge, Also enjoy The Ranchman’s Club next door, the heritage Lougheed House & Beaulieu Gardens across the street plus an easy walk to work & to 17th Ave shops & restaurants.
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:
2,102.58 sq. ft.
Main Level Finished Area:
2,102.58 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,978.96
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Security Personnel, 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:
East, South, West
Floor Location:
Other
Entry Level:
24
Stories Total:
27
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
Year built:
1980 (Age: 44)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8211330
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Assigned, Heated Garage, Parkade, Secured, Stall, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
The Estate
Beltline
Elevator(s), Fitness Center, Indoor Pool, Party Room, Roof Deck, Secured Parking, Snow Removal, Spa/Hot Tub, Storage, Trash, Visitor Parking
Dishwasher, Double Oven, Dryer, Electric Stove, Garage Control(s), Microwave, Refrigerator, Trash Compactor, Washer, Window Coverings
None.
Easement Registered On Title, Pet Restrictions or Board approval Required, Restrictive Covenant
Restrictions
Floor
Type
Size
Other
Main Floor
Eat in Kitchen
16' × 11'7"
Main Floor
Dining Room
16'2" × 12'6"
Main Floor
Living Room
30' × 17'8"
Main Floor
Foyer
11'8" × 5'9"
Main Floor
Office
15'5" × 14'11"
Main Floor
Laundry
14'9" × 9'
Main Floor
Bedroom - Primary
21'11" × 13'9"
Main Floor
Bedroom
12'8" × 12'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Main Floor
Yes
4
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bookcases, Closet Organizers, Kitchen Island, Soaking Tub, Track Lighting, Walk-In Closet(s)
Exterior Features:
Private Entrance, Uncovered Courtyard
Patio And Porch Features:
See Remarks
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Nov 01, 2024
Days on Mkt:
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3D Tour

Listed by RE/MAX Real Estate (Central)
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
240
Avg list price:
$382,450
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
44
Min days on market:
1
Max days on market:
447
Avg price per sq.ft.:
$504.15
These statistics are generated based on the current listing's property type and located in Beltline. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706