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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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305 4328 4 Street NW
Highland Park Calgary T2K 1A2

$164,900
Residential beds: 1 baths: 1.0 483 sq. ft. built: 1986

Main Photo: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 1: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 2: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 3: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 4: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 5: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 6: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 7: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 8: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 9: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 10: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 11: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 12: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 13: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 14: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 15: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 16: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Photo 17: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2150977
Bedrooms:
1
Bathrooms:
1
Year Built:
1986
What a price ! If you are looking for a great, affordable investment opportunity look no further! This top floor, 1 bedroom 1 bath condo is what you've been searching for! The bright living room has a functional layout and access to the balcony which offers west views overlooking front yard with mature trees- making it a perfect place to relax. This unit also offers a 4-piece bathroom. Close to transit, schools, parks, all other amenities, major roadways and an easy commute downtown. Investors and first-time home buyers, this is the property for you! Currently rented for $1350/month and leased until January 31st. Book your private viewing 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:
483 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$250.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Parking, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Top
Entry Level:
3
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1986 (Age: 38)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0910506
Heating:
Boiler
New Constr.:
No
Construction Material:
Brick, Concrete, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt/Gravel
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
None
Condo Fee Frequency:
Monthly
Z-name Not Listed
Highland Park (Calgary)
Dog Park, Park, Parking, Playground, Snow Removal, Trash
Electric Stove, Range Hood, Refrigerator
N/A
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
15'1" × 13'4"
Main Floor
Kitchen
8'2" × 8'
Main Floor
Dining Room
8'2" × 3'11"
Main Floor
Bedroom
10'8" × 9'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Jul 18, 2024
Days on Mkt:
  • Photo 1: 305 4328 4 Street NW in Calgary: Highland Park Apartment for sale : MLS®# A2150977
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Listed by Royal LePage METRO
Data was last updated September 20, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$794,900
Min list price:
$164,900
Max list price:
$1,800,000
Avg days on market:
29
Min days on market:
1
Max days on market:
152
Avg price per sq.ft.:
$576.33
These statistics are generated based on the current listing's property type and located in Highland Park. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706