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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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5204 200 Seton Circle SE
Seton Calgary T3M 3V3

$375,000
Residential beds: 2 baths: 2.0 702 sq. ft. built: 2023

Main Photo: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 1: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 2: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 3: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 4: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 5: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 6: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 7: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
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Photo 12: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 13: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 14: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 15: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 16: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 17: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 18: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 19: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 20: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Photo 21: 5204 200 Seton Circle SE in Calgary: Seton Apartment for sale : MLS®# A2157641
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2157641
Bedrooms:
2
Bathrooms:
2
Year Built:
2023
This Fantastic second floor unit presents an incredible opportunity for the discerning first-time buyer or the astute investor. Nestled in the lively and bustling Seton community, this home offers a spacious and light-filled ambiance that is truly exceptional. The upgraded kitchen takes center stage, complete with raised upper cabinetry in stunning white, exuding an air of sophistication while providing ample storage space for all kitchen essentials. The elegant backsplash adds a touch of elegance, while the Whirlpool stainless steel appliances offer both style and functionality. The capacious center island is perfect for preparing meals, leisurely dining, or hosting family gatherings. The main living area offers an expansive footprint that is perfect for entertaining loved ones. The wall-to-wall windows provide a constant stream of natural light, perfectly balanced by an efficient air conditioning system. The generously sized private patio offers a blissful respite after a long day. The secondary bedroom is an attractive space for a home office or a welcoming guest room. The well-appointed 4-piece bathroom is conveniently located nearby, making it highly accessible for guests. The primary bedroom is a sight to behold, featuring breathtaking east and south windows. The large walk-in closet offers abundant storage for all clothing and accessories. The sumptuous 4-piece ensuite features double sinks and a commodious walk-in shower, enrobed in luxurious glass doors. Additional noteworthy features include the in-suite laundry, the titled underground parking that ensures the safety and security of your vehicle, and the convenient storage locker, providing ample room for all belongings. Topping it all off, this second-floor unit provides living at its finest, within walking distance to a plethora of lifestyle amenities, such as shops, restaurants, schools, the South Health Campus, the South YMCA, and so much more. Don't let this opportunity slip away; schedule a viewing today and make this incredible condo your very own
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
702.29 sq. ft.
Main Level Finished Area:
702.29 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$299.71
Condo Fee Includes:
Amenities of HOA/Condo, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal
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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2023 (Age: 1)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2311015
Heating:
Baseboard, Boiler, Hot Water, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Metal Siding
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
Sep. HVAC Units
Fireplaces:
0
Garage:
0
Parking:
Heated Garage, Parkade, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Elevator(s), Parking, Secured Parking, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
None
Condo/Strata Approval, Pet Restrictions or Board approval Required, Restrictive Covenant, Restrictive Covenant-Building Design/Size
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen With Eating Area
13'10" × 10'8"
Main Floor
Living Room
13'10" × 10'9"
Main Floor
Bedroom - Primary
12'8" × 10'5"
Main Floor
Laundry
6' × 3'
Main Floor
Bedroom
10'5" × 10'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'5" x 4'10"
Main Floor
Yes
4
4'10" x 8'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Recessed Lighting, Storage, Vinyl Windows
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-2
Listed Date:
Aug 14, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Optimum Realty Group
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
89
Avg list price:
$474,900
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
25
Min days on market:
3
Max days on market:
155
Avg price per sq.ft.:
$426.07
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