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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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290 Seton Passage SE
Seton Calgary T3M 3A7

$500,000
Residential beds: 3 baths: 3.0 1,389 sq. ft. built: 2022

Main Photo: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 1: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 2: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 3: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 4: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 5: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 6: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 7: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 8: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 9: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 10: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 11: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 12: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 13: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 14: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 15: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 16: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 17: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 18: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 19: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 20: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 21: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 22: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 23: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 24: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 25: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 26: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Photo 27: 290 Seton Passage SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161069
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161069
Bedrooms:
3
Bathrooms:
3
Year Built:
2022
Welcome to your new residence in the lively Seton community of Calgary! This exceptional townhome spans over 1,388 sq ft, featuring a thoughtfully designed open-concept layout with sleek, modern finishes. Offering three spacious bedrooms, 2.5 bathrooms, and a double attached garage, this property is ideal for investors eyeing a high-potential asset or first-time buyers searching for their perfect home. Located in a sought-after area, you’ll be within walking distance to the YMCA, South Health Campus hospital, and a variety of shops and restaurants, ensuring unparalleled convenience and ease of access to all amenities. Inside, you’ll find well-maintained interiors that blend style with functionality. The second bedroom on the upper floor even includes its own private balcony—perfect for enjoying a quiet morning coffee. The kitchen, equipped with a pantry and an island, provides a great space for cooking and entertaining, and the open layout easily accommodates a dining area. Elegant gold finishes add a touch of luxury throughout the home. Don’t miss the opportunity to enjoy everything Seton has to offer—book a viewing today and make this beautiful townhome your own!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,388.83 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$245.49
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Professional Management, Reserve Fund Contributions, 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:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2022 (Age: 2)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1910808
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Other
Dishwasher, Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer Stacked, Window Coverings
N/A
Board Approval, Condo/Strata Approval
Yes
Floor
Type
Size
Other
2nd Floor
Dining Room
15'11" × 8'7"
2nd Floor
Kitchen
12'2" × 9'1"
2nd Floor
Living Room
16'2" × 13'2"
3rd Floor
Bedroom
9'11" × 9'5"
3rd Floor
Bedroom
9'11" × 9'6"
3rd Floor
Bedroom - Primary
13'5" × 11'11"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
4'10" x 4'10"
3rd Floor
No
4
8' x 5'
3rd Floor
Yes
4
8'5" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Closet Organizers, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Lot Features:
Other
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Sep 09, 2024
Days on Mkt:
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Virtual Tour

Listed by RE/MAX Real Estate (Central)
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
66
Avg list price:
$460,350
Min list price:
$264,900
Max list price:
$1,224,900
Avg days on market:
28
Min days on market:
1
Max days on market:
154
Avg price per sq.ft.:
$441.38
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706