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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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446 210 Ave SW
Belmont Calgary T2X 4P2

$519,000
Residential beds: 3 baths: 3.0 1,300 sq. ft. built: 2024

Main Photo: 446 210  Ave SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2157486
Photo 1: 446 210  Ave SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2157486
Photo 2: 446 210  Ave SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2157486
Photo 3: 446 210  Ave SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2157486
Photo 4: 446 210  Ave SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2157486
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Photo 30: 446 210  Ave SW in Calgary: Belmont Row/Townhouse for sale : MLS®# A2157486
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2157486
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Welcome to Goodwin by Anthem in the brand-new master planned community of Belmont. Belmont is a quickly growing new family community and has been designed with tons of greenspace, walking paths and recreational activities. Unit 446 is a 3 story, 1300 sq ft Townhome unit with a double attached, insulated garage. On the ground floor you can walk in from the garage or through the front door to a large mudroom and laundry room with brand new washer and dryer. Walk up to the main floor which is a Modern, Bright and Spacious open floor plan. You will love the new home smell and large kitchen, dining area and living room as well as 2 piece powder room. The kitchen boasts brand new , stainless steel appliances. From the kitchen, you can relax and cool down on the large north facing balcony that also has a view to the west and gas line for the bbq. When you are ready to settle in for the evening, you can head up to the large pimary bedroom with walk in closet and 3 piece ensuite. The top floor also has 2 more bedrooms and a 4 piece bathroom for the kids to share. A perfect unit to grow your family - A must see ( GST Included in the price )
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,300 sq. ft.
Main Level Finished Area:
170 sq. ft.
Upper Level Finished Area:
1,130 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$202.52
Condo Fee Includes:
Professional Management
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:
South
Floor Location:
Other
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1911946
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Other
New Constr.:
Yes
Construction Material:
Wood Frame
Structure Type:
Other
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
Sep. HVAC Units
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Lower Level
Condo Fee Frequency:
Monthly
Goodwin by Anthem
Belmont
None
Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer
na
Call Lister
Restrictions, Cats OK, Dogs OK
Floor
Type
Size
Other
Main Floor
Kitchen
12' × 11'
Main Floor
Pantry
4'9" × 4'
Main Floor
Dining Room
13'5" × 8'3"
Main Floor
Living Room
13'5" × 11'2"
3rd Floor
Bedroom - Primary
10'11" × 9'
3rd Floor
Bedroom
10'6" × 8'4"
3rd Floor
Bedroom
8'4" × 8'1"
3rd Floor
Walk-In Closet
6' × 4'4"
Lower Level
Entrance
7'4" × 4'4"
Lower Level
Laundry
8'6" × 5'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
3rd Floor
Yes
3
0' x 0'
3rd Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Kitchen Island, Open Floorplan, Walk-In Closet(s)
Exterior Features:
Balcony, Other
Patio And Porch Features:
Deck
Lot Features:
Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
res
Listed Date:
Aug 13, 2024
Days on Mkt:
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Listed by TREC The Real Estate Company
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$529,900
Min list price:
$314,000
Max list price:
$845,250
Avg days on market:
66
Min days on market:
1
Max days on market:
179
Avg price per sq.ft.:
$389.19
These statistics are generated based on the current listing's property type and located in Belmont. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706