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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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1106 450 Sage Valley Drive NW
Sage Hill Calgary T3R 0V5

$359,000
Residential beds: 2 baths: 2.0 843 sq. ft. built: 2015

Main Photo: 1106 450 Sage Valley Drive NW in Calgary: Sage Hill Apartment for sale : MLS®# A2161814
Photo 1: 1106 450 Sage Valley Drive NW in Calgary: Sage Hill Apartment for sale : MLS®# A2161814
Photo 2: 1106 450 Sage Valley Drive NW in Calgary: Sage Hill Apartment for sale : MLS®# A2161814
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Photo 36: 1106 450 Sage Valley Drive NW in Calgary: Sage Hill Apartment for sale : MLS®# A2161814
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161814
Bedrooms:
2
Bathrooms:
2
Year Built:
2015
Welcome home! This amazing first home, or investment property offers a perfect blend of convenience and community. This condo, situated in the desirable neighbourhood of Sage Hill, features a well-designed interior, including an outdoor balcony with a gas hookup, and is enhanced by air conditioning. The modern open concept unit boasts two bedrooms and two full bathrooms, with the primary bedroom featuring a large walk-through closet to your private 4pc ensuite, presenting a harmonious combination of comfort and tranquility. The kitchen stands out with its stainless steel appliances, generous storage, and ample counter space, ideal for both entertaining and everyday living. The open-concept layout ensures a smooth transition between the living, dining, and kitchen areas. With this being a ground floor unit, you can step out onto the balcony to enjoy fresh air and pleasant views, or use the patio door for your own private entry. This condo is conveniently located just across the street from endless amenities, including shopping and dining, while convenient access to Shaganappi Tr, Stoney Tr, and 144 Ave ensures a quick commute across the city. Additionally, the condo includes titled underground parking for added convenience. Call your favourite agent to book your private showing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
842.84 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$494.59
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, 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:
East
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2015 (Age: 9)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1511662
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Composite Siding, Concrete, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Ceramic Tile
Cooling:
Wall Unit(s)
Fireplaces:
1
Fireplace Details:
Electric
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Sage Place
Sage Hill
Elevator(s), Parking, Snow Removal, Storage, Trash, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
Easement Registered On Title, Restrictive Covenant, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
11'11" × 11'2"
Main Floor
Kitchen
9'2" × 8'
Main Floor
Dining Room
13'2" × 7'11"
Main Floor
Bedroom - Primary
11'4" × 10'11"
Main Floor
Walk-In Closet
4'9" × 4'2"
Main Floor
Bedroom
9'11" × 8'5"
Main Floor
Foyer
6'1" × 2'3"
Main Floor
Laundry
5'6" × 4'10"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4'11" x 8'1"
Main Floor
No
4
4'10" x 7'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone N
Zoning:
M-1 d100
Listed Date:
Sep 09, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
104
Avg list price:
$392,450
Min list price:
$269,500
Max list price:
$1,224,900
Avg days on market:
40
Min days on market:
2
Max days on market:
156
Avg price per sq.ft.:
$436.68
These statistics are generated based on the current listing's property type and located in Sage Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706