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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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413 255 Les Jardins Park SE
Douglasdale/Glen Calgary T2C 5W9

$499,900
Residential beds: 1 baths: 1.0 755 sq. ft. built: 2022

Main Photo: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 1: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 2: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 3: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 4: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 5: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 6: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 7: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 8: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 9: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 10: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 11: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 12: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 13: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 14: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 15: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 16: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 17: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 18: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 19: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 20: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 21: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 22: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 23: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 24: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 25: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 26: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 27: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 28: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 29: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 30: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 31: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 32: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Photo 33: 413 255 Les Jardins Park SE in Calgary: Douglasdale/Glen Apartment for sale : MLS®# A2153039
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2153039
Bedrooms:
1
Bathrooms:
1
Year Built:
2022
** ALERT – NEW MORTGAGE INFO ** This home qualifies for the 30-year amortization for first-time buyers' mortgages ** Jayman Financial Brokers now available to sign-up ** LOVE YOUR LIFESTYLE! Les Jardins by Jayman BUILT next to Quarry Park. Inspired by the grand gardens of France, you will appreciate the lush central garden of Les Jardins. Escape here to connect with Nature while you savor the colorful blooms and vegetation in this gorgeous space. Ideally situated within steps of Quarry Park you will be more than impressed. Welcome home to 70,000 square feet of community gardens, a state of the art Fitness Centre, Dedicated dog park for your fur baby and an outstanding OPEN FLOOR PLAN with unbelievable CORE PERFORMANCE. You are invited in to a thoughtfully planned 1 Bedroom, Full Bath plus DEN beautiful Condo boasting STONE COUNTERS through out, sleek STAINLESS STEEL APPLIANCES, Luxury Vinyl Plank Flooring, High End Fixtures, Smart Home Technology, A/C and your very own in suite WASHER AND DRYER. This luxurious over sized suite features a large den with bright windows, west facing, premium central garden views, en suite with double sinks, bright bedroom with large windows, spacious living area with sliding doors, galley kitchen design with eating bar and ample kitchen counter space. Offering a lifestyle of easy maintenance where the exterior beauty matches the interior beauty with seamless transition. Les Jardins features central gardens, a walkable lifestyle, maintenance free living, nature nearby, quick and convenient access, smart and sustainable, fitness at your finger tips and quick access to Deerfoot trail and Glenmore Trail. Located 20 minutes from down town, minutes from the Bow River and pathway system, walking distance to shopping, dining and amenities, quick possession dates and reflects an incredible investment opportunity! Schedule your appointment today!
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:
754.6 sq. ft.
Main Level Finished Area:
754.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$355.00
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions
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:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2022 (Age: 2)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2110851
Heating:
Forced Air, Natural Gas
Foundation:
Poured Concrete
Builder:
Jayman BUILT
New Constr.:
Yes
Construction Material:
Cement Fiber Board, See Remarks, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
See Remarks
Ensuite:
Yes
Flooring:
Carpet, Vinyl
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Paved, Plug-In, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Les Jardins
Douglasdale/Glen
Community Gardens, Dog Park, Elevator(s), Fitness Center, Gazebo, Parking, Picnic Area, Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave, Range Hood, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Yes
Floor
Type
Size
Other
Main Floor
Laundry
0' × 0'
Main Floor
Kitchen
12'2" × 10'9"
Main Floor
Living Room
15'9" × 10'
Main Floor
Den
10' × 9'5"
Main Floor
Bedroom
12'8" × 9'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
5' x 12'6"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Smart Home
Exterior Features:
Courtyard, Dog Run, Garden
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-C1
Listed Date:
Jul 27, 2024
Days on Mkt:
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Virtual Tour

3D Tour

Listed by Jayman Realty Inc.
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$609,900
Min list price:
$356,900
Max list price:
$1,899,900
Avg days on market:
39
Min days on market:
1
Max days on market:
208
Avg price per sq.ft.:
$412.24
These statistics are generated based on the current listing's property type and located in Douglasdale/Glen. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706