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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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2310 220 Seton Grove SE
Seton Calgary T3M 3T1

$479,900
Residential beds: 3 baths: 2.0 1,189 sq. ft. built: 2023

Virtually staged. Large, open floor plan
Photo 1: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 2: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 3: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 4: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 5: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 6: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 7: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 8: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 9: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 10: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 11: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 12: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 13: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 14: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 15: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 16: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 17: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 18: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Photo 19: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2149442
Bedrooms:
3
Bathrooms:
2
Year Built:
2023
Welcome to luxury living in Seton Summit! This unit really has it all! Upon entering you will immediately see all the gorgeous upgrades this property has to offer as no expense was spared! This unit boasts $30,000 in builder upgrades. The 9' ceilings and floor to ceiling windows allow tons of natural light to flood the main living areas. This unit was upgraded to offer vinyl plank throughout (no carpet!), designer lighting and a third bedroom, which is very rare. The gourmet kitchen offers stainless steel appliances, a built-in wall oven, flat top stove, granite counter tops, stylish backsplash, a large walk-in pantry, and a massive island perfect for meal prepping and has seating for at least 4 stools. The primary bedroom has a walk-in closet and a private ensuite. The 2 secondary bedrooms have access to a second full bathroom. For ultimate convenience, there are a full-size washer and dryer in a spacious laundry room. For those who own 2 vehicles, this property is a must see! It is equipped with 2 titled stalls. There is also a secure bike storage room in the parkade. This unit truly defines luxury and convenience, right down to the location. Seton Summit is minutes from The South Campus Hospital, Brookfield YMCA, Superstore and loads of other shopping options, restaurants and pubs. Need to commute? This complex is easy access to Deerfoot Trail and Stoney Trail.
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:
1,189 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$458.71
Condo Fee Includes:
Common Area Maintenance, Gas, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2310449
Heating:
Baseboard, Electric
New Constr.:
No
Construction Material:
Cement Fiber Board, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Parkade, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
HOA Fee:
$375.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Bicycle Storage, Elevator(s), Secured Parking, Snow Removal, Trash, Visitor Parking
Central Air Conditioner, Dishwasher, Dryer, Electric Cooktop, Microwave, Oven-Built-In, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
10'3" × 9'5"
Main Floor
Bedroom
11'7" × 9'7"
Main Floor
Dining Room
14'3" × 8'4"
Main Floor
Kitchen
22'2" × 8'2"
Main Floor
Living Room
16'3" × 11'9"
Main Floor
Laundry
10'7" × 5'
Main Floor
Bedroom - Primary
13'9" × 10'8"
Main Floor
Walk-In Closet
8'7" × 5'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
9'5" x 4'11"
Main Floor
Yes
4
8'7" x 8'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Granite Counters, High Ceilings, Open Floorplan, Vinyl Windows
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Aug 02, 2024
Days on Mkt:
  • Photo 1: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Virtually staged. Large, open floor plan
  • Photo 2: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    VirtuallyLiving and dining room. staged.
  • Photo 3: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Virtually staged primary bedroom.
  • Photo 4: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Virtually staged. Second bedroom.
  • Photo 5: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Virtually staged, Third bedroom.
  • Photo 6: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Large open floor plan.
  • Photo 7: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Gourmet, upgraded kitchen.
  • Photo 8: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    View from dining area.
  • Photo 9: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Photo 9 of 19
  • Photo 10: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Large living room windows and A/C.
  • Photo 11: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Living room/dining room.
  • Photo 12: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Primary bedroom.
  • Photo 13: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Primary bedroom.
  • Photo 14: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Primary walk-in closet.
  • Photo 15: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Primary en-suite.
  • Photo 16: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Bedroom 2
  • Photo 17: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Bathroom 2
  • Photo 18: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Bedroom 3
  • Photo 19: 2310 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2149442
    Balcony and A/C unit.

Virtual Tour

Listed by Power Properties
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
66
Avg list price:
$460,350
Min list price:
$264,900
Max list price:
$1,224,900
Avg days on market:
28
Min days on market:
1
Max days on market:
154
Avg price per sq.ft.:
$441.38
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