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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2925 12 Avenue SW
Shaganappi Calgary T3C 3T3

$4,199,999
Multi-Family 4,566 sq. ft. built: 2022

Main Photo: 2925 12 Avenue SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2103420
Photo 1: 2925 12 Avenue SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2103420
Photo 2: 2925 12 Avenue SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2103420
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Photo 21: 2925 12 Avenue SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2103420
Photo 22: 2925 12 Avenue SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2103420
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2103420
Year Built:
2022
Shag 5 combines thoughtful design with a favorable location within the community of Shaganappi Point. The transit-oriented project is comprised of 10 units and is fully leased. Fully leased at market rents as of October 2023 9.2% increase in the average effective rent Y-O-Y Rapidly shrinking vacancies and no provincial control on rent increase led to the fastest rent growth the metro has seen since 2008. Total Number of Units 10 Year Built 2022 Parking: 5 covered stalls with ample street parking Zoning: M-C2 Number of Stories: 2.5 Occupancy: 100% Financing: CMHC assumable at 4.47% (conditions apply) Site Area: 712 sm (7672 sqft / 0.071 ha) Building Footprint: 424 sm ( 4566 sqft )
Property Type:
Multi-Family
Property Sub Type:
Row/Townhouse
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Townhouse
Total Living Area:
4,566 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:
2
Levels:
2 and Half Storey
Year built:
2022 (Age: 2)
Bathrooms:
- (Full:-, Half:-)
Plan:
7237FO
Structure Type:
Five Plus
Ensuite:
No
Garage:
0
Parking Covered:
5.0
Parking Places:
5.0
Parking Total/Covered:
5 / 5
Shaganappi
Range Hood, Refrigerator, Stove(s), Washer/Dryer Stacked
all units come with a washer, dryer, fridge, and stove.
Utility Right Of Way
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jan 24, 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:
24
Avg list price:
$1,298,500
Min list price:
$750,000
Max list price:
$4,199,999
Avg days on market:
51
Min days on market:
4
Max days on market:
240
Avg price per sq.ft.:
$594.83
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706