NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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1-6 5804 58A Street
Riverside Meadows (Red Deer) Red Deer T4N 2M7

$975,000
Multi-Family 4,128 sq. ft. built: 1978

Main Photo: 1-6 5804 58A Street: Red Deer Apartment for sale : MLS®# A2162838
Photo 1: 1-6 5804 58A Street: Red Deer Apartment for sale : MLS®# A2162838
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Photo 19: 1-6 5804 58A Street: Red Deer Apartment for sale : MLS®# A2162838
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2162838
Year Built:
1978
Well cared for and fully occupied 6-plex in a great location close to transit and very walkable! This well maintained building has units recently updated and renovated in the past 2 years. The monthly rents range from $1,065 - $1,380 (including utilities) but are below market value. Units are separately metered. 5 – 2 bedroom units with 4 pc bathroom, storage room, kitchen, dining area and living room with sliding door to balcony, 1 – 1 bedroom unit with 4 pc bathroom, storage room, kitchen, dining area and living room. Building also offers shared laundry room, parking stalls with plug ins, large utility room and mature trees.
Property Type:
Multi-Family
Property Sub Type:
Apartment
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Low-Rise(1-4)
Total Living Area:
4,128 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
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:
Reg. Size:
Reg. Size Includes:
Stories Total:
3
Year built:
1978 (Age: 46)
Bathrooms:
- (Full:-, Half:-)
Plan:
934AJ
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Garage:
0
Parking Places:
10.0
Parking Total/Covered:
10 / -
Riverside Meadows (Red Deer)
See Remarks
6 Fridges, 6 Stoves, 6 Range Hoods, Washer & Dryer, Window Coverings
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R1
Listed Date:
Sep 04, 2024
Days on Mkt:
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Listed by KIC Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706