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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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208 1025 14 Avenue SW
Beltline Calgary T2R 0N9

$200,000
Residential beds: 1 baths: 1.0 508 sq. ft. built: 1964

Main Photo: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 1: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 2: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 3: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 4: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 5: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 6: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 7: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 8: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 9: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 10: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 11: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 12: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 13: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 14: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Photo 15: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173636
Bedrooms:
1
Bathrooms:
1
Year Built:
1964
Welcome to Ellendale just a 5 minute walk from 17th ave! Check out this 1 bedroom - 1 bathroom home located on a beautiful one way street in the heart of the Beltline. Offering just over 500 square feet of bright living space perfect for a first-time buyer, investors or downsizers. This south facing property features a large bedroom with lots of closet space, a spacious kitchen with a peninsula big enough to sit three comfortably, and living space with lots of natural light. Step through your patio doors to your own balcony to enjoy your morning coffee! The unit also features its own in suite laundry with a washer/dryer all-in-one unit. You also get your own assigned parking space that is conveniently located in the rear of the building. Don’t miss out on getting into this property close to the all the excitement downtown has to offer!
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:
508.25 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$408.95
Condo Fee Includes:
Heat, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1964 (Age: 60)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0612830
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Ellendale
Beltline
Snow Removal
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
8'2" × 7'6"
Main Floor
Dining Room
5'9" × 5'6"
Main Floor
Living Room
12'11" × 10'6"
Main Floor
Laundry
2'10" × 2'6"
Main Floor
Bedroom
11'1" × 10'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar, Open Floorplan, See Remarks
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-MH
Listed Date:
Oct 30, 2024
Days on Mkt:
  • Photo 1: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
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  • Photo 5: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
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  • Photo 9: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
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  • Photo 13: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
    In suite laundry - washer and dryer in one
  • Photo 14: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
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  • Photo 15: 208 1025 14 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2173636
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Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
235
Avg list price:
$385,000
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
43
Min days on market:
1
Max days on market:
448
Avg price per sq.ft.:
$503.8
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