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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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4 2407 17 Street SW
Bankview Calgary T2T 4M9

$204,900
Residential beds: 1 baths: 1.0 490 sq. ft. built: 1978

Front
Photo 1: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 2: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 3: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 4: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 5: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 6: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 7: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 8: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 9: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 10: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 11: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 12: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 13: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 14: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 15: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Photo 16: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2151399
Bedrooms:
1
Bathrooms:
1
Year Built:
1978
* New Price* Location meet's affordability in this great 1 bedroom end unit condo. Perfect for an investment or a 1st time buy. Located on a tranquil tree lined street and across for the Tennis Courts, Park & Mins to Beltline and all 17 Ave amenities. This West facing 1 Bedroom has lots to offer, featuring fresh paint, a Brand new microwave hood-fan Hardwood flooring, Stackable Insuite Laundry, 4 Piece Bathroom, Modern Kitchen with Glass tile backsplash + Parking. Book you showing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
490.22 sq. ft.
Main Level Finished Area:
490.22 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$474.30
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Other
Entry Level:
2
Stories Total:
3
Levels:
Single Level Unit
End Unit:
End Unit
Total Rooms Above Grade:
3
Year built:
1978 (Age: 46)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9611112
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Bankview (Calgary)
Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
N/A
Call Lister, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
37'5" × 27'3"
Main Floor
Living Room
41' × 41'
Main Floor
Laundry
36'5" × 12'2"
Main Floor
Bedroom
32'10" × 29'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
13'6" x 24'11"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground, Shopping Nearby, Sidewalks, Tennis Court(s)
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MC-2
Listed Date:
Jul 20, 2024
Days on Mkt:
  • Photo 1: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Front
  • Photo 2: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Front
  • Photo 3: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Entrance
  • Photo 4: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    4 Peice Bath
  • Photo 5: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Bedroom
  • Photo 6: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Bedroom
  • Photo 7: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    In Suite Laundry
  • Photo 8: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Kitchen
  • Photo 9: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Kitchen
  • Photo 10: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Kitchen
  • Photo 11: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Balcony
  • Photo 12: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Living Room
  • Photo 13: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Living Room
  • Photo 14: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Living Roo m
  • Photo 15: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    Living Room
  • Photo 16: 4 2407 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2151399
    West Facing
Listed by RE/MAX Realty Professionals
Data was last updated November 13, 2024 at 04:05 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:
40
Min days on market:
5
Max days on market:
197
Avg price per sq.ft.:
$413.11
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