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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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404 1110 17 Street SW
Sunalta Calgary T6H 0B2

$399,900
Residential beds: 2 baths: 2.0 1,146 sq. ft. built: 2003

Main Photo: 404 1110 17 Street SW in Calgary: Sunalta Apartment for sale : MLS®# A2154551
Photo 1: 404 1110 17 Street SW in Calgary: Sunalta Apartment for sale : MLS®# A2154551
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Photo 37: 404 1110 17 Street SW in Calgary: Sunalta Apartment for sale : MLS®# A2154551
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2154551
Bedrooms:
2
Bathrooms:
2
Year Built:
2003
LOFT LIVING! Enjoy million dollar views from this stylish 1,150 sqft top floor, 2 bed + 2 bath condo in Sunalta - mere minutes from the c-train and downtown core. Reap of the benefits of brand new carpet just installed in both bedrooms and upper level. Get acquainted with the modern kitchen upon entering: granite counters, stainless steel appliances, maple cabinetry, pantry + breakfast bar. Take in the dramatic vaulted ceilings, big windows, open concept floor plan and corner fireplace. Two ample sized bedrooms offset providing flexibility and privacy with the primary boasting dual closets + convenient en-suite bath. Head up to the super cool, top level loft showcasing a skylight and lots of room for an office, games area or even an additional guest bedroom. Step out the patio, fire up the BBQ via the connected gas line and unwind while basking in those exceptional views of the downtown skyline. The newly purchased washer + dryer are ready to go! Enjoy the perks of an onsite elevator along with heated, underground parking plus additional storage locker. A location only blocks to the synonymous Sunalta school, community association, tennis courts, playgrounds, breweries, pubs, restaurants, grocery + c-train line. As we know, not many loft condos exist in our marketplace so don't miss your chance at reserving this one.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Multi Level Unit
Total Living Area:
1,146.36 sq. ft.
Main Level Finished Area:
921.28 sq. ft.
Upper Level Finished Area:
225.07 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$745.00
Condo Fee Includes:
Heat, Insurance, Interior Maintenance, Parking, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Multi Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2003 (Age: 21)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0311993
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Sunalta Manor
Sunalta
None
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
None
Board Approval, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
9'10" × 8'
Main Floor
Living Room
23'1" × 19'7"
Main Floor
Bedroom - Primary
13'6" × 12'6"
Main Floor
Bedroom
10' × 9'9"
2nd Floor
Loft
15'8" × 14'2"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
5'1" x 7'11"
Main Floor
No
4
4'11" x 7'9"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bookcases, Breakfast Bar, Granite Counters, Open Floorplan, Pantry
Exterior Features:
Balcony
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Aug 08, 2024
Days on Mkt:
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Additional Images

Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$239,900
Min list price:
$169,900
Max list price:
$1,100,000
Avg days on market:
35
Min days on market:
1
Max days on market:
286
Avg price per sq.ft.:
$411.51
These statistics are generated based on the current listing's property type and located in Sunalta. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706