NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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316 4138 University Avenue NW
University District Calgary T3B 6L4

$395,000
Residential beds: 1 baths: 1.0 500 sq. ft. built: 2020

Main Photo: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 1: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 2: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 3: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 4: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 5: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 6: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 7: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 8: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 9: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 10: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 11: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 12: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 13: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 14: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 15: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 16: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 17: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 18: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 19: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 20: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 21: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 22: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Photo 23: 316 4138 University Avenue NW in Calgary: University District Apartment for sale : MLS®# A2161462
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161462
Bedrooms:
1
Bathrooms:
1
Year Built:
2020
This gorgeous 1 bedroom 1 bathroom condo offers urban, amenity-rich living at its finest, in one of Calgary’s most vibrant and sustainably built communities. With an open-concept layout, 9-foot ceilings and large picture windows opening onto your private patio area, this condo feels bright and spacious throughout. The beautifully designed kitchen boasts stylish finishes like quartz countertops and stainless-steel appliances, including a sleek slide in-stove, an over the range microwave, refrigerator, and dishwasher. Contemporary cabinetry provides storage and a modern, yet timeless aesthetic you’ll love. The living room area is ideal for relaxing after a long day or spending time with friends. You’ll also enjoy the extra entertaining space your private covered patio area provides – including a gas BBQ hook up. The primary bedroom is full of natural light from the large window overlooking your patio area. This room also has enough space for a desk – a great option if you work from home. The walk-in closet helps make getting ready everyday easier and provides excellent storage to keep things organized. This condo also features a beautiful 3-piece washroom designer finishes from top to bottom, including the large shower with a rain shower style fixture. You’ll also love the convenience of your own private in suite laundry. This condo is situated in the “August” building, in the heart of University District. Residents have access to a 700 sq ft lounge with kitchen located off the main secured front lobby, as well as a 4,200 square foot common area patio with gas fireplace, bench seating and more. Other notable building amenities include an underground a parking garage with a car wash. Built in 2020, the August is BUILT GREEN® certified – giving you peace of mind that it has been designed and built with a focus on sustainability and environmental best practices. Living in University District means you’ll be just steps to shops, groceries, services, an off-leash dog park, restaurants, entertainment, and more. This home is within walking distance to U of C and Children’s Hospital, has easy access to transit, bike networks and major driving routes. You won’t find a better location that delivers so much value! Book your viewing today to see all this wonderful condo has to offer!
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:
500.34 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$369.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal
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:
South
Floor Location:
Other
Entry Level:
3
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2020 (Age: 4)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2011323
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Composite Siding
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
University District
Bicycle Storage, Car Wash, Elevator(s), Recreation Room
Dishwasher, Dryer, Gas Range, Microwave Hood Fan, Refrigerator, Washer
N/A
Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
13'8" × 9'7"
Main Floor
Living Room
11'1" × 10'1"
Main Floor
Storage
3'3" × 2'8"
Main Floor
Laundry
6'10" × 3'8"
Main Floor
Bedroom - Primary
11'1" × 9'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
5'7" x 7'8"
Title to Land:
Leasehold
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Deck
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
DC
Listed Date:
Aug 30, 2024
Days on Mkt:
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Listed by RE/MAX First
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$447,000
Min list price:
$335,000
Max list price:
$2,682,750
Avg days on market:
51
Min days on market:
1
Max days on market:
128
Avg price per sq.ft.:
$724.05
These statistics are generated based on the current listing's property type and located in University District. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706