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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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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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NEXT Open House details
Nov 16, 2024 02:00 PM - 05:00 PM MST

35 230 Seton Passage SE
Seton Calgary T3M 3A7

$494,500
Residential beds: 3 baths: 3.0 1,510 sq. ft. built: 2020

Main Photo: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 1: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 2: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 3: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 4: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 5: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 6: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 7: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 8: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 9: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 10: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 11: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 12: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 13: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 14: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 15: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 16: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 17: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 18: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 19: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 20: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 21: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Photo 22: 35 230 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2176192
Open House - Nov 16, 2024
02:00 PM - 05:00 PM MST
NOTES: Open House on Saturday, November 16, 2024 2:00PM - 5:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176192
Bedrooms:
3
Bathrooms:
3
Year Built:
2020
*OPEN HOUSE SAT NOV 16 2-5pm* Shows like new townhome in very desirable SE Calgary location featuring: SOUTH FACING BALCONY (2) | SINGLE GARAGE + DRIVEWAY | END UNIT | 3 BED UP / 2.5 BATH | TILED WALK-IN SHOWER | ONE OF LARGEST FLOOR PLANS IN DEVELOPMENT THE 'BERGEN' & more. All in the developed and sought after SE Calgary's 'SETON' - featuring south health campus, YMCA, movie theatre, plethora of amenities/grocery, easy highway access and more. Step inside to your open floor plan end unit that features tons of large windows with sunny south facing exposure allowing the unit to be bright all-day-long. Main level features a dining, family room, and kitchen that connect seamlessly & not to mention great size space to enjoy. The kitchen features: quartz counters, two tone cabinetry, a contemporary classic design w/ white cabinets, SS appliances, pantry space, eating island & more. Off the main is a balcony space with south exposure. Main floor is complete with half bath. Upstairs, find 3 bedrooms (one has a SECOND BALCONY), a flex space, laundry and 2 full baths. The primary features: good size, closet space, and full en-suite with vanity, tiled walk in shower, and toilet. One of the many things that set this unit apart is that it not only has a single garage, but also a driveway to park your vehicle - pair this with visitor parking in complex and you will have your needs covered. This complex has low condo fees. Rarely does a unit with this much pride of ownership come up, in such a desirable location - making it the perfect place to call home. Book your viewing today before, it's gone.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,510 sq. ft.
Main Level Finished Area:
701 sq. ft.
Upper Level Finished Area:
701 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$245.49
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Reserve Fund Contributions, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Entry Level:
1
Levels:
Two
End Unit:
End Unit
Total Rooms Above Grade:
6
Year built:
2020 (Age: 4)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1910808
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
Builder:
ROHIT HOMES
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Additional Parking, Driveway, Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room
HOA Fee:
$375.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
None
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
n/a
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
26'5" × 16'9"
Main Floor
Dining Room
14'6" × 8'1"
Main Floor
Kitchen
10'8" × 9'
Upper Level
Bedroom - Primary
13'10" × 10'
Upper Level
Bedroom
10'3" × 9'4"
Upper Level
Bedroom
9'7" × 9'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
No
4
0' x 0'
Upper Level
Yes
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Pantry
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
See Remarks
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Oct 30, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Mountain View)
Data was last updated November 14, 2024 at 05:30 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:
26
Min days on market:
4
Max days on market:
156
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