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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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503 857 Belmont Drive SW
Belmont Calgary T2X 4P2

$499,000
Residential beds: 2 baths: 3.0 1,328 sq. ft. built: 2024

Main Photo: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 1: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 2: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 3: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 4: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 5: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 6: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 7: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 8: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 9: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 10: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 11: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 12: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 13: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 14: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 15: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 16: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Photo 17: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165702
Bedrooms:
2
Bathrooms:
3
Year Built:
2024
Welcome to Goodwin by Anthem in the brand-new master planned community of Belmont. Belmont is a quickly growing new family community and has been designed with tons of greenspace, walking paths and recreational activities. Unit 503 is a 3 story 2 bed 2.5 bath 1328 sq ft Townhome CORNER UNIT, with a double attached, insulated garage. On the ground floor you can walk in from the garage or through the front door to a large mudroom. Walk up to the main floor which is a Modern, Bright and Spacious open floor plan. You will love the new home smell and large kitchen, dining area and living room as well as 2 piece powder room. The kitchen boasts brand new , stainless steel appliances. From the kitchen, you can relax and cool down on the large north facing balcony that also has a view to the west and gas line for the bbq. When you are ready to settle in for the evening, you can head up to the large primary bedroom with walk in closet and 3 piece ensuite. The top floor also has one more bedroom and a 4 piece bathroom for the kids to share. A perfect unit to grow your family - A must see ( GST Included in the price )
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,328 sq. ft.
Main Level Finished Area:
124 sq. ft.
Upper Level Finished Area:
1,204 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$219.39
Condo Fee Includes:
Common Area Maintenance, Professional Management, Snow Removal
HOA Fee Frequency:
Monthly
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, South, West
Floor Location:
Ground
Entry Level:
1
Levels:
Three Or More
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
2024 (Age: 0)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1911946
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Other
New Constr.:
Yes
Construction Material:
Wood Frame
Structure Type:
Other
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
Rough-In, Sep. HVAC Units
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Unit, Upper Level
Condo Fee Frequency:
Monthly
Goodwin by Anthem
Belmont
None
Dishwasher, Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer
na
Call Lister
Cats OK, Dogs OK, Yes
Floor
Type
Size
Other
2nd Floor
Living/Dining Room Combination
21'4" × 13'9"
2nd Floor
Kitchen
17' × 9'7"
3rd Floor
Laundry
4'11" × 2'11"
3rd Floor
Bedroom - Primary
13'2" × 11'1"
3rd Floor
Bedroom
10'9" × 9'10"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
2'3" x 6'2"
3rd Floor
Yes
3
8'1" x 9'10"
3rd Floor
No
4
4'11" x 8'11"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Kitchen Island, Open Floorplan, Soaking Tub
Exterior Features:
Balcony, Private Yard
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Corner Lot, Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
RES
Listed Date:
Sep 13, 2024
Days on Mkt:
  • Photo 1: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
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  • Photo 17: 503 857 Belmont Drive SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2165702
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Listed by TREC The Real Estate Company
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$664,950
Min list price:
$427,000
Max list price:
$999,000
Avg days on market:
28
Min days on market:
5
Max days on market:
152
Avg price per sq.ft.:
$385.48
These statistics are generated based on the current listing's property type and located in Belmont. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706