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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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304 535 10 Avenue SW
Beltline Calgary T2R 0A8

$430,000
Residential beds: 2 baths: 1.0 779 sq. ft. built: 1909

Living area with Juliet balcony - virtually staged
Photo 1: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 2: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 3: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 4: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 5: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 6: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 7: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 8: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 9: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 10: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 11: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 12: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 13: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 14: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 15: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 16: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 17: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 18: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 19: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 20: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 21: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 22: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 23: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Photo 24: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2145583
Bedrooms:
2
Bathrooms:
1
Year Built:
1909
REDUCED $38K - SELLER MOTIVATED! Rare loft living opportunity in The Hudson – a historical and hip building with a unique mixed-use commercial/residential zoning, ideal for live/work or can accommodate a small commercial office/practise. Originally built in 1909 as storage/warehousing for the Hudson Bay, the historic building underwent an extensive conversion in 1994 to residential/commercial lofts. Featuring exposed brick walls, 11’ ceilings with massive fir beams, hardwood floors, Juliet balcony and exposed copper plumbing/ductwork – this unit has immense character contrasted with modern finishes and conveniences: LED lighting, open floor plan living area with island kitchen and gloss white cabinets with black stone counters and glass backsplash, stainless appliances, barn doors leading to primary bedroom, sliding glass doors on the den/office which may be used as a second bedroom due to sprinkler system, plus an upgraded 4-piece bath and in-suite laundry. Comes with a generously sized separate storage unit (approx. 7’ x 8’) and a titled, secure underground parking stall and Telus fibre in the building assures high-speed connectivity. This is urban living at its finest, located in the heart of the Beltline on 10th Avenue, just steps to the Calgary’s downtown core, restaurants, eateries, shopping, parks and amenities. Check out the ***virtual tour*** - you must see this property to really appreciate it!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
779 sq. ft.
Main Level Finished Area:
779 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$581.94
Condo Fee Includes:
Caretaker, Common Area Maintenance, Heat, Insurance, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
3
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1909 (Age: 115)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9411117
Heating:
Baseboard, Radiant
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood
Cooling:
Wall/Window Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Parkade, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
The Hudson
Beltline
Elevator(s), Secured Parking, Service Elevator(s), Storage, Trash
Bar Fridge, Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
Mounted wine rack made of pipe
Condo/Strata Approval, See Remarks
Restrictions, Cats OK, Dogs OK
Floor
Type
Size
Other
Main Floor
Living Room
22'4" × 14'7"
Main Floor
Kitchen
20'7" × 13'
Main Floor
Bedroom - Primary
15'5" × 10'6"
Main Floor
Bedroom
10'4" × 9'1"
Main Floor
Laundry
5'2" × 3'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'7" x 9'3"
Title to Land:
Fee Simple
Community Features:
Other, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Beamed Ceilings, Ceiling Fan(s), High Ceilings, Open Floorplan, Stone Counters, Track Lighting
Exterior Features:
Balcony, Other
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Jun 28, 2024
Days on Mkt:
  • Photo 1: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Living area with Juliet balcony - virtually staged
  • Photo 2: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Open plan living area - virtually staged
  • Photo 3: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Kitchen - virtually staged
  • Photo 4: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Primary Bedroom - virtually staged
  • Photo 5: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Office/2nd bedroom - virtually staged
  • Photo 6: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Welcome to The Hudson!
  • Photo 7: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Photo 7 of 24
  • Photo 8: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Photo 8 of 24
  • Photo 9: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Photo 9 of 24
  • Photo 10: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Photo 10 of 24
  • Photo 11: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Updated 4-piece bath
  • Photo 12: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    In-suite laundry/storage
  • Photo 13: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Bedroom-primary
  • Photo 14: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Open plan living area/kitchen
  • Photo 15: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Modern island kitchen
  • Photo 16: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Living area with juliet balcony
  • Photo 17: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Photo 17 of 24
  • Photo 18: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Photo 18 of 24
  • Photo 19: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Den/2nd bedroom and check out the unique wine rack!
  • Photo 20: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Den/2nd bedroom
  • Photo 21: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Secure underground parking
  • Photo 22: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Main lobby
  • Photo 23: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    Common hallways
  • Photo 24: 304 535 10 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2145583
    The Hudson!

Virtual Tour

3D Tour

Virtual Tour

Listed by CIR Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
235
Avg list price:
$385,000
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
43
Min days on market:
1
Max days on market:
448
Avg price per sq.ft.:
$503.8
These statistics are generated based on the current listing's property type and located in Beltline. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706