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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

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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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1615 12 Avenue SW
Sunalta Calgary T3C 0R3

$1,098,888
Residential beds: 3 baths: 2.0 987 sq. ft. built: 1948

Main Photo: 1615 12 Avenue SW in Calgary: Sunalta Detached for sale : MLS®# A2164015
Photo 1: 1615 12 Avenue SW in Calgary: Sunalta Detached for sale : MLS®# A2164015
Photo 2: 1615 12 Avenue SW in Calgary: Sunalta Detached for sale : MLS®# A2164015
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Photo 34: 1615 12 Avenue SW in Calgary: Sunalta Detached for sale : MLS®# A2164015
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2164015
Bedrooms:
3
Bathrooms:
2
Year Built:
1948
***INVESTOR/BUILDER ALERT*** M-CG d111 zoning, 50 x 130, Double Lot, Potential to develop a 4 plex + 4 basement suites OR an 8 unit apartment building (just like the one beside it). The property currently generates around $40,000 per year in rental income (up and down together) and still has potential to go up. Sunalta is a HIGH DEMAND community for its TOP Public school zone (Sunalta School K-6, Mount Royal School 7-9, Western Canada High School 10-12), its walking distance to LRT, Downtown Core, and everything else that downtown life style can offer! Whether redevelopment for Resale or Rental, it holds its value for immediate action or future plan! Book your showing today before it is gone!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bi-Level
Total Living Area:
987.46 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,501 sq. ft.
Lot Frontage:
50'
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
One
Total Rooms Above Grade:
5
Year built:
1948 (Age: 76)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
5380V
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Linoleum, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Parking Pad, RV Access/Parking, Single Garage Detached
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
In Basement
Sunalta
Dryer, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
NA
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
13'2" × 9'7"
Main Floor
Dining Room
14'3" × 8'5"
Main Floor
Kitchen With Eating Area
7'5" × 6'7"
Main Floor
Living Room
17'11" × 14'8"
Main Floor
Bedroom - Primary
12'11" × 10'10"
Lower Level
Bedroom
14'8" × 10'6"
Lower Level
Kitchen
12'10" × 9'3"
Lower Level
Game Room
15'3" × 12'11"
Lower Level
Furnace/Utility Room
15'4" × 13'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8' x 5'1"
Lower Level
No
3
6'9" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Separate Entrance
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d111
Listed Date:
Sep 13, 2024
Days on Mkt:
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Virtual Tour

Listed by Royal LePage Benchmark
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$247,400
Min list price:
$183,800
Max list price:
$1,199,000
Avg days on market:
46
Min days on market:
2
Max days on market:
232
Avg price per sq.ft.:
$405.08
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