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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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3113 95 Burma Star Road SW
Currie Barracks Calgary T3E 8A9

$355,000
Residential beds: 1 baths: 1.0 708 sq. ft. built: 2017

Main Photo: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 1: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 2: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 3: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 4: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 5: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 6: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 7: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 8: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
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Photo 17: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Photo 18: 3113 95 Burma Star Road SW in Calgary: Currie Barracks Apartment for sale : MLS®# A2163791
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163791
Bedrooms:
1
Bathrooms:
1
Year Built:
2017
Welcome to the Axess building in the historic Currie Barracks community! This stunning 1-bedroom unit boasts a south-facing view overlooking lush greenery. As you step inside, luxury vinyl plank flooring and abundant natural light streaming through oversized windows greet you. The well-appointed kitchen showcases a refreshing blend of crisp white and dark cabinetry, upgraded stainless steel appliances, including a gas stove, quartz countertops, and a designer tile backsplash. An open counter seamlessly connects the kitchen to the dining area, creating a perfect space for entertaining. The spacious living room offers access to a balcony with a gas BBQ line and unobstructed southern views—an ideal spot to unwind and enjoy breathtaking sunsets. The surrounding greenery enhances the already captivating scenery. The generously sized primary bedroom features a walk-through closet that leads to the elegant 4-piece bathroom, complete with tile flooring, quartz countertops, and a soaker tub. This gorgeous unit also includes in-suite laundry, underground parking with a car wash, and a storage locker conveniently located in front of the parking stall. Situated in a prime location, you're just steps away from Mount Royal University, parks, pathways, shopping, and enjoy quick access to Crowchild, Marda Loop, and the downtown core. Truly, a wonderful place to call home.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
708 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$463.40
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, Reserve Fund Contributions, Sewer, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2017 (Age: 7)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1612567
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Currie Barracks Axess
Currie Barracks (Calgary)
Car Wash, Dog Park, Elevator(s), Park, Parking, Secured Parking, Storage, Trash, Visitor Parking
Dishwasher, Gas Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
N/A
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
11'6" × 10'8"
Main Floor
Foyer
9' × 7'8"
Main Floor
Kitchen
14'6" × 9'11"
Main Floor
Living Room
18'5" × 11'9"
Main Floor
Den
8'10" × 8'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'8" x 6'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Built-in Features, Closet Organizers, Granite Counters, Kitchen Island, Open Floorplan, Separate Entrance, Walk-In Closet(s)
Exterior Features:
BBQ gas line, Private Entrance
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
DC
Listed Date:
Sep 07, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$552,900
Min list price:
$249,900
Max list price:
$2,279,000
Avg days on market:
21
Min days on market:
1
Max days on market:
148
Avg price per sq.ft.:
$561.66
These statistics are generated based on the current listing's property type and located in Currie Barracks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706