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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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102 1820 9 Street SW
Lower Mount Royal Calgary T2T 3C3

$189,900
Residential beds: 1 baths: 1.0 475 sq. ft. built: 1969

Main Photo: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 1: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 2: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 3: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 4: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 5: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 6: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 7: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 8: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 9: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 10: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 11: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 12: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 13: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 14: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 15: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 16: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 17: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 18: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 19: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Photo 20: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162344
Bedrooms:
1
Bathrooms:
1
Year Built:
1969
This apartment is situated near Downtown and is only one block to the trendy 17 Ave and allows you to take 20 minutes walk to the Downtown core. It is 6 minutes away from Western Canada High School walking, 15 minutes to Stampede ground. The building was renovated in 2017, newer plumbing, electrical wires, cabinet, countertop, newer appliances, newer balcony. From vinyl flooring, white cabinet and granite counter top, Stainless steel appliances, small size dishwasher. It's easy to add a wall and a door in living room to make another room. One free assigned parking stall, this is all you would need for a single or couple. This building allows short term rentals, there are no units underneath, so you won't disturb others even footsteps, this building is on the quiet street. It can be rented it out at a good rent as well. This unit is owned by condominium corporation.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
475 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$486.19
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
North
Floor Location:
Ground
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
3
Year built:
1969 (Age: 55)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0812203
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Z-name Not Listed
Lower Mount Royal
Fitness Center
Dishwasher, Electric Stove, Refrigerator
NONE
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
88'9" × 13'1"
Main Floor
Kitchen
16'1" × 8'
Main Floor
Living Room
17'1" × 11'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'8" x 4'8"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Vinyl Windows
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MC-2
Listed Date:
Sep 03, 2024
Days on Mkt:
  • Photo 1: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 1 of 20
  • Photo 2: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 2 of 20
  • Photo 3: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    One block to 17 Ave
  • Photo 4: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 4 of 20
  • Photo 5: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 5 of 20
  • Photo 6: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Three stories,20 units
  • Photo 7: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 7 of 20
  • Photo 8: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    The living room can be an office room if you add a door and wall
  • Photo 9: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Kitchen with small size dishwasher
  • Photo 10: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Good side bedroom, fit queen size bed
  • Photo 11: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Bedroom with mirror closet
  • Photo 12: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    The bedroom bigcan fit Queen size bed enough to to fit queen size bed
  • Photo 13: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Four pieces of bathroom
  • Photo 14: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 14 of 20
  • Photo 15: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 15 of 20
  • Photo 16: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 16 of 20
  • Photo 17: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Nice size balcony, enough room for BBQ
  • Photo 18: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 18 of 20
  • Photo 19: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Photo 19 of 20
  • Photo 20: 102 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2162344
    Two pairs of washer and dryer in the basement of laundry in the basement
Listed by First Place Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$348,000
Min list price:
$183,900
Max list price:
$850,000
Avg days on market:
30
Min days on market:
1
Max days on market:
86
Avg price per sq.ft.:
$406.84
These statistics are generated based on the current listing's property type and located in Lower Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706