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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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209 1712 38 Street SE
Forest Lawn Calgary T2A 1H1

$170,000
Residential beds: 2 baths: 1.0 815 sq. ft. built: 1981

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Photo 1: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 2: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 3: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 4: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 5: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 6: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 7: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 8: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Photo 9: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2084617
Bedrooms:
2
Bathrooms:
1
Year Built:
1981
2 bedroom apartment on second floor of low rise building;open living room kitchen floor plan ;patio door to balcony; underground park stall.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
815 sq. ft.
Main Level Finished Area:
815 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$663.09
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Sewer, Trash
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:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
1981 (Age: 43)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0012879
Heating:
Baseboard
New Constr.:
No
Construction Material:
Composite Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Braebourne
Forest Lawn
Coin Laundry
Electric Stove, Range Hood, Refrigerator
N/A
Board Approval
Restrictions
Floor
Type
Size
Other
2nd Floor
Bedroom - Primary
14'1" × 10'1"
2nd Floor
Bedroom
14'1" × 7'1"
2nd Floor
Living Room
12' × 11'11"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Street Lights
Interior Features:
Open Floorplan
Exterior Features:
Other
Patio And Porch Features:
Patio
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone E
Zoning:
M-C1
Listed Date:
Sep 30, 2023
Days on Mkt:
  • Photo 1: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
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  • Photo 2: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
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  • Photo 3: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 3 of 9
  • Photo 4: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 4 of 9
  • Photo 5: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 5 of 9
  • Photo 6: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 6 of 9
  • Photo 7: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 7 of 9
  • Photo 8: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 8 of 9
  • Photo 9: 209 1712 38 Street SE in Calgary: Forest Lawn Apartment for sale : MLS®# A2084617
    Photo 9 of 9
Listed by Grand Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$319,000
Min list price:
$159,900
Max list price:
$900,000
Avg days on market:
37
Min days on market:
5
Max days on market:
410
Avg price per sq.ft.:
$533.38
These statistics are generated based on the current listing's property type and located in Forest Lawn. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706