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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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2203 395 Skyview Parkway NE
Cityscape Calgary T3N 2K1

$325,000
Residential beds: 2 baths: 1.0 624 sq. ft. built: 2024

Main Photo: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
Photo 1: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
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Photo 35: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161676
Bedrooms:
2
Bathrooms:
1
Year Built:
2024
Welcome to CAVALLO, a stunning, BRAND-NEW 2 BED, 1 BATH condo located in the vibrant Cityscape community of Northeast Calgary. This modern home greets you with an open-concept design, featuring 9-foot ceilings, Luxury Vinyl Plank (LVP) throughout and expansive windows that flood the space with natural light. The contemporary kitchen is a chef's dream, complete with soft-close cabinetry, a spacious pantry for all your culinary needs, and top-of-the-line Whirlpool energy-efficient stainless steel appliances. The convenience of in-suite laundry adds to the ease of living in this thoughtfully designed space. The primary bedroom features a walk-through closet leading to a luxurious 4-piece bath, perfect for unwinding after a long day. The second bedroom offers versatility, serving as a comfortable guest room or an ideal home office for those working from home. Cavallo's pet-friendly building offers exceptional amenities, including a pet spa, a modern fitness center, plenty of visitor parking, and ample EV parking. Situated close to restaurants, shopping, and entertainment, this condo is the perfect blend of style, comfort, and convenience for your modern lifestyle.
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:
623.57 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$253.57
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, 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:
West
Floor Location:
Other
Entry Level:
2
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2024 (Age: 0)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2411038
Heating:
Baseboard
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Composite Siding
Structure Type:
High Rise (5+ stories)
Roof:
Asphalt/Gravel
Ensuite:
No
Flooring:
Vinyl Plank
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
Cityscape
Bicycle Storage, Elevator(s), Fitness Center, Visitor Parking
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
Pet Restrictions or Board approval Required, Pets Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living/Dining Room Combination
11' × 10'8"
Main Floor
Kitchen
13'5" × 8'1"
Main Floor
Bedroom - Primary
10' × 9'1"
Main Floor
Walk-In Closet
6'5" × 2'11"
Main Floor
Bedroom
10'2" × 8'11"
Main Floor
Foyer
5'11" × 5'
Main Floor
Laundry
3'7" × 2'9"
Main Floor
Balcony
8'2" × 7'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 7'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-X2 d111
Listed Date:
Sep 07, 2024
Days on Mkt:
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  • Photo 24: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    In Unit Laundry
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  • Photo 28: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    Patio
  • Photo 29: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    Patio
  • Photo 30: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    Fitness Room/Gym (Located on 5th Floor)
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  • Photo 32: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    Bike Storage (in Parkade)
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    Pet Spa/Wash
  • Photo 34: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    Lobby
  • Photo 35: 2203 395 Skyview Parkway NE in Calgary: Cityscape Apartment for sale : MLS®# A2161676
    EV Charging Stations
Listed by eXp Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$517,000
Min list price:
$325,000
Max list price:
$899,900
Avg days on market:
25
Min days on market:
2
Max days on market:
121
Avg price per sq.ft.:
$400.32
These statistics are generated based on the current listing's property type and located in Cityscape. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706