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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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2215 215 Legacy Boulevard SE
Legacy Calgary T2X 3Z4

$300,000
Residential beds: 2 baths: 1.0 638 sq. ft. built: 2016

Main Photo: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 1: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 2: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 3: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 4: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 5: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 6: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 7: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 8: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 9: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 10: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 11: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 12: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 13: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 14: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 15: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 16: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 17: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Photo 18: 2215 215 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2161717
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161717
Bedrooms:
2
Bathrooms:
1
Year Built:
2016
Discover this chic 2 bedroom + den condo with a titled underground parking, perfectly located in the heart of Legacy. This well-maintained, pet-friendly building (pending board approval) offers a serene living environment. Enjoy the convenience of a playground right across the street, with schools, shopping, and 15 km of paved walking paths just a short stroll away. After a busy day, relax in your peaceful haven. The open layout showcases a modern design with a neutral color scheme, stylish decor, and abundant natural light. The eat-in kitchen, featuring rich cabinetry and stainless steel appliances, is perfect for culinary adventures. The seamless flow into the living room makes it easy to entertain and engage with guests. Step out onto the sunny balcony, equipped with a gas line for barbecues, and unwind with your morning coffee or an evening drink. The primary bedroom is a true retreat, featuring a walk-in closet. The versatile den is perfect for a home office, study, or hobby space! Located in the dynamic community of Legacy, this area is rich with playgrounds and scenic walking paths that meander through ridges, ponds, and a vast 300-acre nature reserve. The new Township Centre is just minutes away, offering a variety of shopping and dining options, with more to come. This condo is an exceptional find in a prime location! Very well maintained, only 1 person has lived in this!
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:
638.46 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$355.71
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
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:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1612802
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Vinyl Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$36.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Legacy
Gazebo, Snow Removal, Storage, Visitor Parking
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
na
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
14' × 11'4"
Main Floor
Living Room
11'9" × 10'9"
Main Floor
Bedroom
8'8" × 8'8"
Main Floor
Bedroom - Primary
10'2" × 10'1"
Main Floor
Den
5'4" × 5'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
5'1" x 7'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Open Floorplan, Quartz Counters, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-X2
Listed Date:
Aug 30, 2024
Days on Mkt:
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Listed by Century 21 Bravo Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$605,859
Min list price:
$230,000
Max list price:
$1,150,000
Avg days on market:
30
Min days on market:
1
Max days on market:
232
Avg price per sq.ft.:
$416.52
These statistics are generated based on the current listing's property type and located in Legacy. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706