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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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201 1334 12 Avenue SW
Beltline Calgary T3C 3R9

$229,900
Residential beds: 2 baths: 1.0 929 sq. ft. built: 1980

Main Photo: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 1: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 2: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 3: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 4: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 5: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 6: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 7: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 8: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 9: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 10: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 11: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 12: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Photo 13: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161028
Bedrooms:
2
Bathrooms:
1
Year Built:
1980
Spacious Inner-City Corner Unit - This generously sized corner 2 bedroom and 1 bath unit in the heart of the city offers an open-concept living space perfect for entertaining. The remodeled kitchen, featuring maple cabinets, and stainless steel appliances, seamlessly connects to the dining room and living room, creating a bright and welcoming atmosphere. This unit features: Over 900 square feet of living space Large south-facing balcony Two spacious bedrooms In-suite laundry with storage Underground titled parking stall Shared outdoor entertainment area Bike storage The expansive balcony, spanning the entire length of the unit, provides a private outdoor space for BBQs and socializing. Enjoy the convenience of walking to work, just blocks away from the bustling 17th Avenue entertainment district, this unit offers easy access to a variety of dining, shopping, and entertainment options. Experience the Bow River pathways, and the vibrant shops and eateries that the inner city 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:
929 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$864.43
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, 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:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
7
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
1980 (Age: 44)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9110401
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
The Ravenwood
Beltline
Coin Laundry, Picnic Area, Secured Parking
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer, Window Coverings
None
Condo/Strata Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
14'8" × 9'9"
Main Floor
Bedroom
14'4" × 9'8"
Main Floor
Living Room
18'11" × 12'10"
Main Floor
Foyer
5'3" × 3'10"
Main Floor
Kitchen
11' × 8'1"
Main Floor
Dining Room
9'3" × 5'6"
Main Floor
Laundry
5'8" × 5'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-X
Listed Date:
Aug 30, 2024
Days on Mkt:
  • Photo 1: 201 1334 12 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2161028
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Listed by Synterra Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
259
Avg list price:
$379,900
Min list price:
$175,000
Max list price:
$2,900,000
Avg days on market:
29
Min days on market:
1
Max days on market:
394
Avg price per sq.ft.:
$509.61
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