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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 12 Sage Hill Terrace NW
Sage Hill Calgary T3R 0W6

$300,000
Residential beds: 2 baths: 2.0 804 sq. ft. built: 2015

Main Photo: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 1: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 2: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 3: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 4: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 5: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 6: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 7: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 8: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 9: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 10: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 11: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 12: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 13: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 14: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 15: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 16: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 17: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 18: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 19: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 20: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 21: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 22: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 23: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Photo 24: 2 12 Sage Hill Terrace NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156173
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156173
Bedrooms:
2
Bathrooms:
2
Year Built:
2015
This ground-floor unit, located in the sought-after Sage Hill community in NW, offers unparalleled convenience with its proximity to the main entrance and walking distance to various amenities. The unit features dual entry doors, including a back door that opens to a patio and easy access to the ridge walking path and seating area to the scenic view of green space ravine. The unit boasts a thoughtful layout with numerous features including, durable laminate and tile flooring throughout, in-floor heating, 9-foot ceilings, and large vinyl windows that allow for an abundance of natural light. The open-concept design is enhanced by double closets, a dedicated storage room, a bright living room, and a well-equipped kitchen with a breakfast bar and ample cabinet space. Additionally, the unit includes in-suite laundry for added convenience. There are two spacious bedrooms and two full bathrooms, with the primary bedroom offering a walk-through closet and a sunny 4-piece ensuite bathroom. The private patio is an ideal outdoor space, perfect for enjoying the fresh air or accommodating a full-sized BBQ. Situated close to Walmart, T&T Supermarket, Sage Hill Quarter, Beacon Hill, Creekside, and extensive pathways and greenspaces, this location provides easy access to transit, parks, Stoney Trail, the University of Calgary, and the airport.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
804.43 sq. ft.
Main Level Finished Area:
804.43 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$478.79
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Parking, 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:
Northeast
Floor Location:
Ground
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2015 (Age: 9)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1512993
Heating:
In Floor, Natural Gas
New Constr.:
No
Construction Material:
Concrete, Stone, Vinyl Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Viridian
Sage Hill
Elevator(s), Party Room, Storage, Trash, Workshop
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living/Dining Room Combination
15'6" × 12'
Main Floor
Kitchen
9'2" × 8'2"
Main Floor
Bedroom - Primary
11'7" × 10'8"
Main Floor
Bedroom
11'7" × 8'3"
Main Floor
Foyer
9'4" × 5'5"
Main Floor
Storage
7'10" × 5'1"
Main Floor
Laundry
2'10" × 2'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
5'1" x 7'2"
Main Floor
No
4
4'10" x 8'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Built-in Features, Closet Organizers, Granite Counters, Open Floorplan, Storage
Exterior Features:
None
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone N
Zoning:
M-1 d100
Listed Date:
Aug 15, 2024
Days on Mkt:
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Listed by Real Broker
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$395,000
Min list price:
$269,500
Max list price:
$1,224,900
Avg days on market:
39
Min days on market:
1
Max days on market:
155
Avg price per sq.ft.:
$435.48
These statistics are generated based on the current listing's property type and located in Sage Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706