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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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1504 210 15 Avenue SE
Beltline Calgary T2G 0B5

$280,000
Residential beds: 1 baths: 1.0 687 sq. ft. built: 2008

Main Photo: 1504 210 15 Avenue SE in Calgary: Beltline Apartment for sale : MLS®# A2164505
Photo 1: 1504 210 15 Avenue SE in Calgary: Beltline Apartment for sale : MLS®# A2164505
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2164505
Bedrooms:
1
Bathrooms:
1
Year Built:
2008
Welcome to vibrant urban living in the heart of Calgary's Beltline District! This beautiful 1 bed, 1 bath apartment in the stylish Vetro building offers a modern retreat with an array of upscale features. Freshly painted throughout, this home boasts central air conditioning for year-round comfort. The thoughtfully designed cheater ensuite, complete with a walk-through closet, adds a touch of convenience and elegance. Step out onto private the balcony, perfect for your morning coffee or evening relaxation. The gas hookup on the balcony invites outdoor cooking and entertaining. You'll also appreciate the convenience of a tilled parking stall in the secure underground parkade. The Vetro building excels in offering an exceptional lifestyle. Enjoy the peace of mind with a concierge desk and nighttime security. The innovative Blue Box smart parcel lockers streamline package drop-off and delivery. Fitness enthusiasts will relish the two-level fitness center featuring a hot tub, steam showers, and a well-appointed games and social room complete with a pool table and fireplace. For movie nights or special events, the theatre room and outdoor courtyard provide perfect venues. Located conveniently at the base of the building are Shopper’s Drug Mart and Canada Post, while Sunterra Market and the new BMO Centre are just a short stroll away. The Stampede Grounds, Saddledome, and LRT transit system are within walking distance, and the shops and restaurants of 17th Ave are nearby. Lindsay Park and the MNP Community & Sports Centre are also close by, enhancing the vibrant and active lifestyle this area offers. For young professionals, real estate investors, empty nesters, and first-time buyers looking to escape renting, this well-maintained condo provides an unparalleled quality of life with convenience, luxury, and an unbeatable location.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
687.4 sq. ft.
Main Level Finished Area:
687.4 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$401.25
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Security Personnel, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
15
Stories Total:
34
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2008 (Age: 16)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0814554
Heating:
Forced Air
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Carpet, Tile
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Parkade, Stall, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Vetro
Beltline
Elevator(s), Fitness Center, Parking, Party Room, Recreation Room, Secured Parking, Spa/Hot Tub
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
Pet Restrictions or Board approval Required, Pets Allowed, See Remarks
Restrictions, Cats OK
Floor
Type
Size
Other
Main Floor
Bedroom
11'10" × 10'10"
Main Floor
Dining Room
13'8" × 9'10"
Main Floor
Kitchen
16'4" × 9'6"
Main Floor
Laundry
5' × 4'8"
Main Floor
Living Room
12'3" × 11'8"
Main Floor
Walk-In Closet
8'2" × 5'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'6" x 8'1"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Sep 10, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Real Broker
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
240
Avg list price:
$382,450
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
44
Min days on market:
1
Max days on market:
447
Avg price per sq.ft.:
$504.15
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