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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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308 1919 17 Avenue SW
Bankview Calgary T2T 0E9

$259,000
Residential beds: 2 baths: 1.0 778 sq. ft. built: 1982

Main Photo: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 1: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 2: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 3: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 4: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 5: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 6: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
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Photo 12: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
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Photo 14: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
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Photo 21: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 22: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 23: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 24: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 25: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 26: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Photo 27: 308 1919 17 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2156670
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156670
Bedrooms:
2
Bathrooms:
1
Year Built:
1982
Location Location Location- Stunning condo in 'The Manhattan,' just steps away from 17th Avenue! This bright and airy unit features a spacious living room that opens onto a large east-facing balcony, perfect for enjoying your morning coffee or evening relaxation. The L-shaped kitchen offers ample space for cooking and entertaining. The primary bedroom is generously sized for your comfort, complemented by a 4-piece bath and a decent-sized second bedroom, ideal for guests or a home office. Enjoy the convenience of in-suite washer and dryer with additional storage. Assigned heated and secured underground parking. Located in a well-managed condo complex with easy access to public transportation, shops, school, playground and proximity to the Richmond Road Diagnostic and Treatment Centre, this condo offers the best of urban living. Don't miss out! Book your private viewing today with your favourite realtor.
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:
778 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$542.57
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, 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:
East
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1982 (Age: 42)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8810536
Heating:
Baseboard
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Parkade, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
The Manhattan
Bankview (Calgary)
Secured Parking
Dishwasher, Dryer, Electric Stove, Range Hood, Washer, Window Coverings
None
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
17'7" × 15'4"
Main Floor
Dining Room
8'11" × 5'6"
Main Floor
Kitchen
8'9" × 8'9"
Main Floor
Bedroom - Primary
14'9" × 11'9"
Main Floor
Bedroom
11'11" × 6'11"
Main Floor
Laundry
8'9" × 5'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 7'4"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Laminate Counters, Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
None
Lot Features:
Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Aug 09, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$436,950
Min list price:
$185,000
Max list price:
$2,378,000
Avg days on market:
41
Min days on market:
6
Max days on market:
198
Avg price per sq.ft.:
$416.24
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706