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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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210 1702 17 Avenue SW
Scarboro Calgary T2T 0E7

$494,900
Residential beds: 2 baths: 2.0 891 sq. ft. built: 2023

Main Photo: 210 1702 17 Avenue SW in Calgary: Scarboro Apartment for sale : MLS®# A2156698
Photo 1: 210 1702 17 Avenue SW in Calgary: Scarboro Apartment for sale : MLS®# A2156698
Photo 2: 210 1702 17 Avenue SW in Calgary: Scarboro Apartment for sale : MLS®# A2156698
Photo 3: 210 1702 17 Avenue SW in Calgary: Scarboro Apartment for sale : MLS®# A2156698
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Photo 20: 210 1702 17 Avenue SW in Calgary: Scarboro Apartment for sale : MLS®# A2156698
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156698
Bedrooms:
2
Bathrooms:
2
Year Built:
2023
Nothing to do but move in and enjoy! Scarboro 17 was completed in 2023 and the builder spared no expenses. Beautiful exterior is finished in brick and composite siding, wonderful landscaping plus 2 elevators means no waiting to get home. Looking for a trendy, well finished condo but don't want to wait for the build to finish? This almost new, 2 bedroom, 2 bath unit w/close to 900 sq.ft will check off all the boxes. Functional floorplan with a well appointed kitchen offering an upgraded appliance package, two-toned cabinetry provides great storage, quartz counters w/plenty of prep space plus extra long island offers room for a few stools. Spacious living is complete with central air conditioner to keep you cool. Patio door leads out to the private balcony w/great downtown views. Huge primary bedroom can easily accommodate your king bed and furniture plus spacious walk-in closet provides extra storage. 4-pc ensuite is complete w/double sinks & a walk-in shower. Second bedroom is well sized with a pass through closet into the 4-pc bathroom. Tech nook is great for your desk or add a great cabinet for extra storage. Location can't be beat...walk down 17th Ave and find a great patio or coffee shop. The Calgary Tennis club is in walking distance. Sunalta LRT makes it easy to get into the core or enjoy a walk along the river. Title underground parking stall and separate storage locker is a must. Building still has Alberta New Home Warranty coverage. Pet friendly building with board approval.
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:
891.01 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$534.61
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2023 (Age: 1)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2310348
Heating:
In Floor
New Constr.:
No
Construction Material:
Brick, Composite Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Parkade, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Scarboro
Elevator(s), Visitor Parking
Central Air Conditioner, Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
TV wall bracket
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
14'6" × 7'8"
Main Floor
Dining Room
11'11" × 7'2"
Main Floor
Living Room
11'11" × 9'6"
Main Floor
Bedroom - Primary
13'3" × 11'4"
Main Floor
Bedroom
11' × 9'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Main Floor
Yes
4
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Storage
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Aug 12, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Mountain View)
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
4,881
Avg list price:
$589,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
474
Avg price per sq.ft.:
$435.52
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706