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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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3410 220 Seton Grove SE
Seton Calgary T3M 3T1

$319,000
Residential beds: 1 baths: 1.0 647 sq. ft. built: 2023

Virtually Staged
Photo 1: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 2: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 3: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 4: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 5: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 6: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 7: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 8: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 9: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 10: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 11: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 12: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 13: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 14: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 15: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 16: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 17: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 18: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 19: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 20: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 21: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 22: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 23: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 24: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 25: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 26: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 27: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Photo 28: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173054
Bedrooms:
1
Bathrooms:
1
Year Built:
2023
Discover this rare 1-bedroom, 1-bathroom oversized floor plan in the highly sought-after Seton Grove. Located on the top floor, this unit has high ceilings and large windows that flood the space with natural light. Equipped with A/C, ensuring comfort year-round. The timeless white kitchen features stainless steel appliances, sleek quartz countertops, and modern lighting. The open floorplan is enhanced by durable vinyl plank flooring, making the space both stylish and easy to maintain. Enjoy the convenience of in-suite laundry and relax on your private balcony. For those looking for an investment property, this unit is currently leased at $1730 a month, with the current lease expiring 11/30. Tenant would love to stay and renew , or will move out by the end of the lease. Set in a prime location, this condo is close to restaurants, shopping, amenities, South Health Campus, and the YMCA. A perfect blend of modern living and convenience!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
647 sq. ft.
Main Level Finished Area:
647 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$247.37
Condo Fee Includes:
Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Water
HOA Fee Frequency:
Annually
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Top
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2023 (Age: 1)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2310449
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Composite Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Tile, Vinyl Plank
Cooling:
Wall Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Outside, Parking Lot, Stall, Titled
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$375.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Bicycle Storage, Elevator(s), Parking, Secured Parking, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Entrance
4'9" × 2'11"
Main Floor
Kitchen With Eating Area
13'10" × 12'2"
Main Floor
Laundry
7'9" × 7'5"
Main Floor
Bedroom - Primary
12'4" × 9'4"
Main Floor
Walk-In Closet
9'6" × 6'4"
Main Floor
Living Room
10'8" × 10'6"
Main Floor
Balcony
11' × 6'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'11" x 8'5"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Kitchen Island
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Oct 19, 2024
Days on Mkt:
  • Photo 1: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
    Virtually Staged
  • Photo 2: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
    Virtually staged
  • Photo 3: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
    Virtually Staged
  • Photo 4: 3410 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2173054
    Virtually staged
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Listed by Nineteen 88 Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
89
Avg list price:
$474,900
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
26
Min days on market:
4
Max days on market:
156
Avg price per sq.ft.:
$426.07
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