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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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102 1516 11 Avenue SW
Sunalta Calgary T3C 0M9

$344,000
Residential beds: 2 baths: 2.0 804 sq. ft. built: 1994

Welcome home!
Photo 1: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 2: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 3: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 4: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 5: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 6: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 7: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 8: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 9: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 10: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 11: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 12: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 13: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 14: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 15: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 16: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 17: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 18: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 19: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 20: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 21: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 22: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 23: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 24: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 25: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 26: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 27: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Photo 28: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165055
Bedrooms:
2
Bathrooms:
2
Year Built:
1994
Hello, Gorgeous! Welcome to Sunalta Place in the vibrant downtown community of Sunalta! This 803 SQFT, 2-bedroom, 2-bath condo is just steps from the Sunalta LRT Station and a short walk to the Bow River Pathway, grocery shopping, and local restaurants and cafés. Pride of ownership shines through as you enter this first-floor unit, featuring vinyl plank flooring, new vanities in both bathrooms, updated lighting, and a thoughtfully designed layout. The dining room, accentuated by bay windows and a vibrant wallpapered feature wall, offers ample space for any size table. The kitchen boasts white cabinets, stainless steel appliances, and plenty of counter space for meal preparation. Cozy up in the living room, complete with a corner gas fireplace—perfect for those chilly winter days. In the summer, unwind on your large deck just off the living room. The spacious primary bedroom includes additional bay windows, a walk-in closet, and an ensuite bath with a relaxing jacuzzi tub. The second bedroom is bright and airy, equipped with a window-mounted air conditioner for those hot summer days. The main 4-piece bath has been beautifully updated with modern lighting, a new vanity, and stylish floating shelves. This unit comes with one assigned underground parking stall as well as an additional storage locker. Sunalta is a vibrant neighborhood known for its rich history and community spirit. With easy access to public transit, beautiful parks, and a variety of local shops and dining options, it offers the perfect blend of urban living and charm. Don’t miss your chance to call this lovely condo home in one of Calgary's most desirable areas!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
803.55 sq. ft.
Main Level Finished Area:
803.55 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$546.78
Condo Fee Includes:
Common Area Maintenance, Insurance, Interior Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
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:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
1994 (Age: 30)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9410970
Heating:
Forced Air, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
Window Unit(s)
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Tile
Garage:
0
Parking:
Alley Access, Secured, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Sunalta Place
Sunalta
Parking
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Wall/Window Air Conditioner, Washer, Window Coverings
None
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
11'1" × 10'
Main Floor
Dining Room
9'6" × 8'8"
Main Floor
Kitchen
8'11" × 8'5"
Main Floor
Living Room
15' × 12'2"
Main Floor
Bedroom - Primary
14'1" × 11'1"
Main Floor
Furnace/Utility Room
4'7" × 4'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'7" x 6'6"
Main Floor
Yes
4
7'8" x 7'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Central Vacuum, Jetted Tub, Laminate Counters, No Animal Home, No Smoking Home
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-H1
Listed Date:
Sep 28, 2024
Days on Mkt:
  • Photo 1: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Welcome home!
  • Photo 2: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 2 of 28
  • Photo 3: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 3 of 28
  • Photo 4: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Entry with mirrored closet
  • Photo 5: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Open concept living, dining and kitchen
  • Photo 6: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Cozy living room
  • Photo 7: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Gas fireplace with tile surround
  • Photo 8: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 8 of 28
  • Photo 9: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Stainless steel appliances
  • Photo 10: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 10 of 28
  • Photo 11: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 11 of 28
  • Photo 12: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Dining room with bay windows
  • Photo 13: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 13 of 28
  • Photo 14: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Primary bedroom
  • Photo 15: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Walk-in closet
  • Photo 16: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 16 of 28
  • Photo 17: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Primary en-suite
  • Photo 18: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Jacuzzi Tub
  • Photo 19: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Updated vanity
  • Photo 20: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    2nd bedroom
  • Photo 21: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 21 of 28
  • Photo 22: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    main 4-piece bath
  • Photo 23: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Large balcony off the living room
  • Photo 24: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 24 of 28
  • Photo 25: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Underground Secure Parking
  • Photo 26: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Additional Storage Locker #3
  • Photo 27: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 27 of 28
  • Photo 28: 102 1516 11 Avenue SW in Calgary: Sunalta Apartment for sale : MLS®# A2165055
    Photo 28 of 28

Virtual Tour

Virtual Tour

Listed by Royal LePage Benchmark
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