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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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282 Seton Passage SE
Seton Calgary T3M 3A7

$315,000
Residential beds: 1 baths: 1.0 565 sq. ft. built: 2022

Main Photo: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 1: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 2: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 3: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 4: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 5: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 6: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 7: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 8: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
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Photo 40: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 41: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Photo 42: 282 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161406
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161406
Bedrooms:
1
Bathrooms:
1
Year Built:
2022
Stunning 1 Bedroom + Den in Seton, SE Calgary! Perfect for a Young Family or Investor Discover the perfect blend of comfort and convenience in this beautifully maintained, nearly new 1-bedroom + den unit on the main floor of a sought-after community in Seton, SE Calgary. Ideal for a young family or as a fantastic investment opportunity for Airbnb or rental, this south-facing gem offers an abundance of natural light throughout the day. The spacious bedroom provides a cozy retreat, while the versatile den can easily serve as a home office or guest room. The modern kitchen is a chef's dream, featuring sleek quartz countertops and top-of-the-line stainless steel appliances, perfect for preparing your favorite meals. Located in a prime community, you'll be just steps away from the YMCA, shopping centers, and the South Health Campus Hospital, making daily life a breeze. Don't miss out on this exceptional property—schedule your viewing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Stacked Townhouse
Total Living Area:
565 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$147.00
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal
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:
Entry Level:
1
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2022 (Age: 2)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1910808
Heating:
Forced Air
Basement:
None
Foundation:
Slab
New Constr.:
No
Construction Material:
Concrete, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Titled
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
None
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
All furniture, Utensils, Crockery, computer table, mattress and bed frame, TV, TV STAND, portable AC unit
Pet Restrictions or Board approval Required, Restrictive Covenant-Building Design/Size
Restrictions
Floor
Type
Size
Other
Main Floor
Den
10'3" × 8'9"
Main Floor
Bedroom - Primary
10'6" × 10'1"
Main Floor
Kitchen
13'1" × 8'
Main Floor
Living Room
12'11" × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'9"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home, Pantry
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Other
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Aug 29, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by PREP Realty
Data was last updated September 20, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
66
Avg list price:
$460,350
Min list price:
$264,900
Max list price:
$1,224,900
Avg days on market:
28
Min days on market:
1
Max days on market:
154
Avg price per sq.ft.:
$441.38
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706