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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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3102 220 Seton Grove SE
Seton Calgary T3M 3T1

$437,700
Residential beds: 2 baths: 2.0 1,082 sq. ft. built: 2023

Main Photo: 3102 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2123054
Photo 1: 3102 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2123054
Photo 2: 3102 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2123054
Photo 3: 3102 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2123054
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Photo 30: 3102 220 Seton Grove SE in Calgary: Seton Apartment for sale : MLS®# A2123054
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2123054
Bedrooms:
2
Bathrooms:
2
Year Built:
2023
Don't miss out on this impressive main floor corner unit. Just like new - Built in 2023. One of the best locations in the complex! Many upgraded features and designer choice finishing. You will love the spacious open concept floor plan! The Kitchen is amazing with attractive cabinetry, a pantry, huge central island with breakfast bar, and lots of counter & storage space (quality stainless steel appliances are included). The adjoining Living area is bright and sunny with large windows (low E triple glazed) and will accommodate oversize furniture. The Dining area features sliding doors to the wrap around patio (gas line to BBQ). The Owners had a gate installed for easy access to the walking paths directly from the unit. There are two large Bedrooms and two Bathrooms. The Primary Bedroom has a luxurious Ensuite with a double sink vanity and extra-large shower. The huge walk-in wardrobe closet is awesome with closet organizers! The second Bedroom has large windows for natural light. It is currently used as a Den/Home Office. Convenient laundry/storage room with extra shelving. You will appreciate the air conditioning, custom drapes, easy care luxury vinyl plank and vinyl tile flooring throughout. There is a separate storage locker included (located on main floor close to unit). Take the stairs or elevator to the parkade and never worry about the changing seasons. It is secure, heated and there is a locked bicycle storage room. You will love the location! This complex is directly across from the future Seton Home Owner's Lifestyle Centre. You will be able to leave your car at home and walk across the street to enjoy the community amenities which will include tennis courts, playground, skating rink, splash park and so much more! Close to shopping, trendy restaurants, Theatre and South Health Campus. Easy access to main roads. Professionally managed, pet friendly complex. A pleasure to show! Quick Possession is available!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
1,082 sq. ft.
Main Level Finished Area:
1,082 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$412.32
Condo Fee Includes:
Common Area Maintenance, Gas, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, End Unit
Total Rooms Above Grade:
6
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:
2310449
Heating:
Baseboard, Electric
Builder:
Cedarglen Living
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Flat
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
Wall Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Owned, Parkade, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$435.67
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Bicycle Storage, Elevator(s), Parking, Secured Parking, Storage, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
N/A
Call Lister, Pet Restrictions or Board approval Required, Pets Allowed, Restrictive Covenant
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
14'7" × 12'2"
Main Floor
Dining Room
9'3" × 7'11"
Main Floor
Kitchen
18'2" × 9'10"
Main Floor
Bedroom - Primary
12' × 10'1"
Main Floor
Bedroom
12' × 8'11"
Main Floor
Laundry
8'5" × 5'7"
Main Floor
Foyer
11'1" × 4'7"
Main Floor
Walk-In Closet
8'4" × 6'10"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'1" x 8'5"
Main Floor
No
4
4'11" x 8'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Elevator, Kitchen Island, Open Floorplan, Pantry, Stone Counters, Storage, Walk-In Closet(s)
Exterior Features:
BBQ gas line
Patio And Porch Features:
Patio, Wrap Around
Accessibility Features:
Accessible Common Area, Accessible Doors, Bathroom Grab Bars, No Stairs/One Level
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-2
Listed Date:
Apr 15, 2024
Days on Mkt:
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Listed by RE/MAX Complete Realty
Data was last updated June 26, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$437,700
Min list price:
$293,500
Max list price:
$1,025,000
Avg days on market:
21
Min days on market:
5
Max days on market:
131
Avg price per sq.ft.:
$470.47
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