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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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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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901 1335 12 Avenue SW
Beltline Calgary T3C 3P7

$299,999
Residential beds: 2 baths: 1.0 896 sq. ft. built: 1978

Main Photo: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 1: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 2: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 3: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 4: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 5: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 6: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 7: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 8: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 9: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 10: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 11: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 12: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Photo 13: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171701
Bedrooms:
2
Bathrooms:
1
Year Built:
1978
Awesomely located in Downtown Beltline, this apartment is ideal to investors, working class, retired who looks for cozy downtown living. Unit facing west, you could enjoy the unblocked westward far view up to COP and further in the balcony plus full of natural light pouring into the living room from the big windows and glass door leading to the balcony in every beautiful day. Balcony is large enough to host a BBQ party of 5-6 persons. Featuring 2 bedrooms, living room and dining room, spaces are divided reasonably in the unit. Condo fee including Heat and water, underground parking needs fewer time to prepare before driving out in snowy weather, close to major traffic of 14th street and public transportation of Sunalta station, THIS is the metro-life. Book the showing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
896 sq. ft.
Main Level Finished Area:
896 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$528.19
Condo Fee Includes:
Common Area Maintenance, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Top
Entry Level:
9
Stories Total:
9
Levels:
Single Level Unit
End Unit:
End Unit
Total Rooms Above Grade:
5
Year built:
1978 (Age: 46)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9510843
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Laundry Room
Condo Fee Frequency:
Monthly
Sunalta House
Beltline
Parking
Dishwasher, Electric Oven, Electric Stove, Range Hood, Refrigerator, Window Coverings
N/A
Board Approval
Call
Floor
Type
Size
Other
Main Floor
Kitchen
11'7" × 9'3"
Main Floor
Living Room
17'3" × 7'5"
Main Floor
Dining Room
10'11" × 9'4"
Main Floor
Bedroom
13'3" × 9'11"
Main Floor
Bedroom
13'3" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
9'5" x 4'11"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-MHX
Listed Date:
Oct 09, 2024
Days on Mkt:
  • Photo 1: 901 1335 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2171701
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Listed by First Place Realty
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