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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306 240 11 Avenue SW
Beltline Calgary T2R 0C3

$439,000
Residential beds: 1 baths: 1.0 872 sq. ft. built: 1911

Main Photo: 306 240 11 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2153961
Photo 1: 306 240 11 Avenue SW in Calgary: Beltline Apartment for sale : MLS®# A2153961
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2153961
Bedrooms:
1
Bathrooms:
1
Year Built:
1911
New York warehouse style loft centrally located in the heart of Calgary. The Beltline district is known for its vibrant culture, art galleries, modern restaurants, trendy coffee shops and nightlife. Located within walking distance to the financial Downtown core, 17th Ave, Stampede grounds and the Saddledome. At 872 sq. ft, this spacious loft in the historic Lewis Lofts building offers unique, character features such as brick, wood beams, exposed piping and high ceilings. The condo comes with 1 parking stall in the heated underground parkade (stall #1) and a storage locker (#30) conveniently located within close proximity to the elevator. Building amenities include bike storage, a large outdoor courtyard with a gazebo and a resident BBQ. This space is ready for your vision with so much potential. The kitchen is well laid out with a huge walk-in pantry or alternatively it can be used for additional storage space. Access to the east facing patio is off of the living room which overlooks the outdoor courtyard and has north views of Downtown. Pets allowed with board approval. Ready for a quick possession, your loft lifestyle awaits!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Loft/Bachelor/Studio
Total Living Area:
872 sq. ft.
Main Level Finished Area:
872 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$639.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
3
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1911 (Age: 113)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9511752
Heating:
Baseboard, Hot Water
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Secured, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Lewis Lofts
Beltline
Bicycle Storage, Elevator(s), Secured Parking, Storage
Built-In Oven, Dishwasher, Dryer, Electric Cooktop, Microwave, Range Hood, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required, Restrictive Covenant
Yes
Floor
Type
Size
Other
Main Floor
Dining Room
14'11" × 11'9"
Main Floor
Kitchen
15' × 10'7"
Main Floor
Living Room
25'10" × 15'6"
Main Floor
Bedroom - Primary
11' × 11'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
20' x 6'11"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
High Ceilings, Open Floorplan, Pantry
Exterior Features:
None
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-X
Listed Date:
Jul 31, 2024
Days on Mkt:
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Virtual Tour

Listed by RE/MAX iRealty Innovations
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
235
Avg list price:
$385,000
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
43
Min days on market:
1
Max days on market:
448
Avg price per sq.ft.:
$503.8
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