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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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460 Seton Circle SE
Seton Calgary T3M 3H1

$485,000
Residential beds: 3 baths: 3.0 1,901 sq. ft. built: 2023

Main Photo: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 1: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 2: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 3: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 4: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 5: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 6: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 7: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
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Photo 12: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 13: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
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Photo 23: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
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Photo 34: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 35: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Photo 36: 460 Seton Circle SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2178362
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178362
Bedrooms:
3
Bathrooms:
3
Year Built:
2023
Welcome to 460 Seton Cirlce SE - a beautifully situated corner unit in the Zen Abrio complex of Seton. This 3 bedroom 2 and a half bathroom unit has everything one could need with the perfect mix of aesthetic and function. As you enter the home you are greeted with a spacious living room perfect for relaxing or entertaining guests. As you head through the living room you will find a kitchen with stainless steel appliances, tons of windows for natural light, and quartz countertops which opens up to the dining area and access to the private fenced yard, perfect for pets. The second level is where you will find the Primary bedroom with a 4 piece ensuite, walk in closet, as well as 2 additional bedrooms, a 4 piece bathroom and the laundry room. The third floor includes a family room lounge area that leads to the rooftop wrap around balcony giving full 360 views and a breathtaking view of the mountains. Not only does this property have it all but across the street there is an off leash park - perfect for taking the dog out, as well as tons of shopping all within walking distance that includes the world's largest YMCA, restaurants, boutiques, a VIP cinema and tons more. This is a perfect opportunity for new families or add it to your rental portfolio. Call your realtor and book a private viewing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,901 sq. ft.
Main Level Finished Area:
808 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$350.70
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
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:
Northeast
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Three Or More
End Unit:
1 Common Wall, End Unit
Total Rooms Above Grade:
7
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2310070
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Window Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Hall, Laundry Room, Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
None, Snow Removal, Trash, Visitor Parking
Dishwasher, Electric Range, ENERGY STAR Qualified Appliances, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
N/A
Adult Living
Restrictions
Floor
Type
Size
Other
Main Floor
Dining Room
15'7" × 11'2"
Main Floor
Living Room
18'3" × 13'2"
Main Floor
Kitchen
11'4" × 9'
2nd Floor
Laundry
3'3" × 3'3"
2nd Floor
Bedroom - Primary
13'4" × 11'1"
2nd Floor
Bedroom
12'6" × 9'4"
2nd Floor
Bedroom
12'10" × 9'5"
3rd Floor
Family Room
16'8" × 11'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
3'3" x 7'1"
2nd Floor
No
4
4'11" x 8'3"
2nd Floor
Yes
4
4'11" x 11'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, High Ceilings, Low Flow Plumbing Fixtures, No Smoking Home, Stone Counters, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, Lighting, Private Yard
Patio And Porch Features:
Balcony(s), Wrap Around
Lot Features:
Corner Lot, Low Maintenance Landscape, Views
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Nov 09, 2024
Days on Mkt:
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Listed by TREC The Real Estate Company
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