NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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201 16 Poplar Avenue
Heritage Okotoks Okotoks T1S 1Z4

$284,000
Residential beds: 2 baths: 1.0 906 sq. ft. built: 2000

Main Photo: 201 16 Poplar Avenue: Okotoks Apartment for sale : MLS®# A2162392
Photo 1: 201 16 Poplar Avenue: Okotoks Apartment for sale : MLS®# A2162392
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162392
Bedrooms:
2
Bathrooms:
1
Year Built:
2000
Welcome to this lovely, spacious condo in a great location, in Poplar Green, a short walking distance to the Sheep River Pathway, Old Towne Okotoks, close to coffee shops, restaurants, schools and shops. A must to view, this unit boasts plenty of natural light, 9 ft ceilings, an inviting open plan with a corner gas fireplace in the living area open to the kitchen with white cabinetry and breakfast bar as well as a dining area. Two bedrooms with bay windows (one currently used as an office setting) a 4 piece bath with access from the master bedroom, laundry & a utility room, both with storage. Patio doors from the dining area to your private deck with views of trees and the hillside. The unit is situated on the 2nd floor of this quiet, secure building which has an elevator, is professionally managed with no age restrictions and a quick possession is possible. One assigned parking stall with electrical, storage lockers and a bike room are all available for your use. If you are looking for a quiet, established area of town to live in, this could be the one for you!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
905.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$557.43
Condo Fee Includes:
Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North, West
Floor Location:
Ground
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, End Unit
Total Rooms Above Grade:
5
Year built:
2000 (Age: 24)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0012525
Heating:
Fireplace(s), Forced Air, Natural Gas
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Mantle
Garage:
0
Parking:
Assigned, Off Street, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Heritage Okotoks
Elevator(s), Storage
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Entrance
7'2" × 3'9"
Main Floor
Laundry
7'9" × 5'8"
Main Floor
Furnace/Utility Room
7'6" × 5'8"
Main Floor
Living Room
13'10" × 12'2"
Main Floor
Dining Room
6'10" × 6'6"
Main Floor
Kitchen
9'10" × 9'9"
Main Floor
Bedroom - Primary
13' × 12'
Main Floor
Bedroom
11'10" × 11'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Elevator, No Smoking Home
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Foothills County
Zoning:
D
Listed Date:
Sep 09, 2024
Days on Mkt:
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Listed by RE/MAX Southern Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
34
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$383.53
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706