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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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1906 12 Street SW
Lower Mount Royal Calgary T2T 3N2

$850,000
Residential beds: 2 baths: 3.0 1,924 sq. ft. built: 1995

Main Photo: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 1: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 2: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 3: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 4: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 5: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 6: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 7: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 8: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 9: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 10: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 11: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 12: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 13: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 14: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 15: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 16: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 17: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 18: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 19: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 20: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 21: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 22: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 23: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 24: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Photo 25: 1906 12 Street SW in Calgary: Lower Mount Royal Row/Townhouse for sale : MLS®# A2158041
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2158041
Bedrooms:
2
Bathrooms:
3
Year Built:
1995
* New Updated Price* Are you a professional single or couple?….. Do you need an extra LOFT space for a home OFFICE FITNESS area, or art STUDIO, complete with custom BUILT-IN desks and storage? Do you dream of living in an EXECUTIVE neighborhood with multi-million-dollar homes up the street? Do you desire a fully renovated, high-end CUSTOM home featuring exquisite details like CUSTOM cabinetry, hidden FLAT-PANEL fridges, a sleek MAGNETIC GLASS fireplace, INDUCTION cooktop, coffee bar, and a stunning stone island? Do you envision yourself in a home with TWO expansive PRIMARY bedrooms, each with a luxurious ENSUITE’S. Do DUAL sinks and MASSIVE SHOWERS come to mind? Do you deserve the comfort of DUAL FURNACES and AIR CONDITIONING for year-round climate control? Do you like to scrape ice off your car in the winter NO ? Then park in the large DOUBLE attached garage. Do you want to enjoy the convenience of walking to local RESTAURANTS, bars, and amenities? Do you value the convenience of CONDO LIVING with NO EXTERIOR MAINTENANCE, allowing you to LOCK and LEAVE whenever you travel? Do you deserve to live this inner-city executive lifestyle, just a short walk from downtown. YES ?? WELL, this should be your new home. We can not list of the amazing features here. Call your favorite Realtor with an eye for detail to view this home for yourself. (Click on the website link for more details)
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,924 sq. ft.
Main Level Finished Area:
690 sq. ft.
Upper Level Finished Area:
777 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$508.00
Condo Fee Includes:
Amenities of HOA/Condo, Insurance, Maintenance Grounds, Reserve Fund Contributions, Snow Removal
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:
Below Grade
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
1995 (Age: 29)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
9612294
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Other
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Mantle
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Front Drive, Garage Door Opener, Garage Faces Front, Garage Faces Rear, Underground
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Lower Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Lower Mount Royal
None
Built-In Oven, Central Air Conditioner, Dishwasher, Induction Cooktop, Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings, Wine Refrigerator
Built in Coffee system in Kitchen, Curved Samsung tv in Living room
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
17'2" × 8'5"
Main Floor
Dining Room
9'8" × 8'9"
Main Floor
Living Room
18' × 13'4"
2nd Floor
Bedroom - Primary
14'3" × 11'9"
2nd Floor
Bedroom
14'6" × 12'11"
3rd Floor
Loft
21'1" × 17'6"
Lower Level
Laundry
10'9" × 6'1"
Lower Level
Furnace/Utility Room
6'9" × 6'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'4" x 5'1"
2nd Floor
Yes
5
6'7" x 13'2"
2nd Floor
Yes
4
9' x 9'
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Jetted Tub, No Animal Home, No Smoking Home, Vaulted Ceiling(s)
Exterior Features:
Balcony
Patio And Porch Features:
None
Lot Features:
City Lot, Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Aug 16, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$338,500
Min list price:
$183,900
Max list price:
$850,000
Avg days on market:
31
Min days on market:
4
Max days on market:
89
Avg price per sq.ft.:
$404.32
These statistics are generated based on the current listing's property type and located in Lower Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706