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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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402 474 Seton Circle SE
Seton Calgary T3M 3P6

$319,900
Residential beds: 2 baths: 1.0 651 sq. ft. built: 2024

Main Photo: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 1: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 2: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 3: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 4: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 5: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 6: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
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Photo 22: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 23: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 24: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
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Photo 26: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Photo 27: 402 474 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2173364
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173364
Bedrooms:
2
Bathrooms:
1
Year Built:
2024
Are you looking for a well-appointed bungalow-style townhome in south Calgary close to the South Campus Hospital, Calgary Public Library, spruce Meadow, South Center Mall, and several restaurants? This 2-bed, end-unit townhouse located in the peaceful community of Seton enjoys lots of natural sunlight. With tasteful laminate flooring and neutral paint throughout, this unit has a spacious open-concept floor plan, large bedrooms with a roomy closets, a full kitchen with stainless steel appliances, a quartz countertop with under-mount sinks, a pantry, a laundry room, separate ventilation system, hot water tank, thermostat and private parking. Unwind at the end of the day on a spacious concrete patio and take in your peaceful surroundings. Do not hesitate to reach out for a private showing, it surely will not last long! This building is Airbnb friendly and Here is another plus, you are steps away from VIP cinema, YMCA, and dog park. Please check out the virtual tour, 3D and the video of this property
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
651.43 sq. ft.
Main Level Finished Area:
739.01 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$136.00
Condo Fee Includes:
Amenities of HOA/Condo
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:
North
Reg. Size:
Reg. Size Includes:
Entry Level:
402
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2024 (Age: 0)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2312270
Heating:
Baseboard
Basement:
See Remarks
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
See Remarks, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$393.75
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Snow Removal, Trash
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
NA
None Known, See Remarks
Call
Floor
Type
Size
Other
Main Floor
Bedroom
13'10" × 7'6"
Main Floor
Foyer
4'11" × 3'10"
Main Floor
Kitchen
15'1" × 9'7"
Main Floor
Laundry
3'5" × 3'5"
Main Floor
Porch - Enclosed
18'3" × 13'9"
Main Floor
Bedroom - Primary
10'11" × 10'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
See Remarks
Exterior Features:
Lighting
Patio And Porch Features:
See Remarks
Lot Features:
See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Oct 18, 2024
Days on Mkt:
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3D Tour

Additional Images

Listed by CIR Realty
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