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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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103 1613 11 Avenue SW
Sunalta Calgary T3C 0N3

$210,000
Residential beds: 1 baths: 1.0 532 sq. ft. built: 1979

Main Photo: 103 1613 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2162149
Photo 1: 103 1613 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2162149
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162149
Bedrooms:
1
Bathrooms:
1
Year Built:
1979
**INVESTORS and FIRST-TIME home buyers** this is the perfect opportunity to secure a fantastic property in the sought-after community of SUNALTA! This beautifully renovated condo is packed with high-end upgrades that will impress. Enjoy the luxury of gleaming HARDWOOD floors, elegant QUARTZ countertops, and upgraded STAINLESS STEEL appliances. The convenience of IN-SUITE LAUNDRY and extra storage space is a rare find in this market. Plus, the primary bedroom easily fits a KING bed! **But that’s not all, step outside to your own spacious BALCONY (4'9"x11'6"), the ideal spot to unwind after a long day or enjoy your morning coffee. **The open-concept design features a kitchen with a functional counter-height BREAKFAST BAR, making this space perfect for entertaining. **You also have an assigned outdoor PARKING STALL in the back parkade, ensuring convenience and peace of mind. **Recent UPGRADES by the management company include a newer ROOF, brand-new vinyl WINDOWS, and upgraded balcony DOORS, adding even more value to this already stunning property. **Just one block from the Sunalta C-Train Station, and close to restaurants, shopping, and playgrounds, this location offers unbeatable access to everything you need. **Don’t miss out on this incredible opportunity!**
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
532.42 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$533.09
Condo Fee Includes:
Common Area Maintenance, Heat, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
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:
North
Floor Location:
Other
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
1979 (Age: 45)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0712083
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stucco, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt/Gravel
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Off Street, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Z-name Not Listed
Sunalta
Coin Laundry
Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required, Pets Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Entrance
6'2" × 3'4"
Main Floor
Kitchen
8'3" × 7'1"
Main Floor
Living/Dining Room Combination
13' × 11'1"
Main Floor
Bedroom - Primary
9'10" × 8'11"
Main Floor
Laundry
6'9" × 6'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'11" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Quartz Counters
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-H1
Listed Date:
Sep 05, 2024
Days on Mkt:
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3D Tour

Listed by eXp Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$247,400
Min list price:
$183,800
Max list price:
$1,199,000
Avg days on market:
46
Min days on market:
2
Max days on market:
232
Avg price per sq.ft.:
$405.08
These statistics are generated based on the current listing's property type and located in Sunalta. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706