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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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208 1528 11 Avenue
Sunalta Calgary T3C 0M9

$235,000
Residential beds: 1 baths: 1.0 757 sq. ft. built: 1982

Main Photo: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 1: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 2: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 3: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 4: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 5: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 6: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 7: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 8: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 9: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 10: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 11: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 12: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Photo 13: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2140571
Bedrooms:
1
Bathrooms:
1
Year Built:
1982
Great one-bedroom apartment with 757 sq ft of living space, featuring in-suite laundry and underground parking in the vibrant Sunalta community. Just 3 mins walk to the LRT Sunalta Station. Featuring top-ranked public schools, including Calgary’s best elementary, Mount Royal School for junior high, and Western Canada High School. New carpet is installed by professional on July 25th,2024. Enjoy convenience and community in the heart of Calgary, with easy access to downtown and local amenities.
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:
757 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$457.83
Condo Fee Includes:
Common Area Maintenance, Heat, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
1982 (Age: 42)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9210679
Heating:
Baseboard
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Sunalta
Other
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
n/a
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
11'10" × 9'10"
Main Floor
Dining Room
13'9" × 12'2"
Main Floor
Bedroom - Primary
12'2" × 9'8"
Main Floor
Living Room
17'9" × 12'2"
Main Floor
Laundry
6'3" × 4'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
Open Floorplan, Storage
Exterior Features:
Courtyard
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-H1
Listed Date:
Jun 12, 2024
Days on Mkt:
  • Photo 1: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
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  • Photo 2: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
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  • Photo 7: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
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  • Photo 8: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
    new carpet in bedroom
  • Photo 9: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
    Photo 9 of 13
  • Photo 10: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
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  • Photo 12: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
    Photo 12 of 13
  • Photo 13: 208 1528 11 Avenue in Calgary: Sunalta Apartment for sale : MLS®# A2140571
    Photo 13 of 13
Listed by MaxWell Polaris
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