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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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712 3130 66 Avenue SW
Lakeview Calgary T3E 5K8

$500,000
Residential beds: 2 baths: 2.0 1,259 sq. ft. built: 1967

Main Photo: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 1: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 2: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 3: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 4: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 5: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 6: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 7: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 8: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 9: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 10: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 11: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 12: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 13: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 14: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 15: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 16: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 17: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 18: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Photo 19: 712 3130 66 Avenue SW in Calgary: Lakeview Row/Townhouse for sale : MLS®# A2168788
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168788
Bedrooms:
2
Bathrooms:
2
Year Built:
1967
Welcome to this immaculate two-story townhome located in the sought-after community of Lakeview! This Phase 1 unit in Lakeview Green offers a fantastic investment opportunity, perfect for the young professional seeking freedom of time and a superior location. With quick access to major traffic arteries, this home is nestled in a quiet complex just one block from the Glenmore Park pathway. The upper level features two generously sized bedrooms, including a massive primary bedroom spacious enough for a full bedroom suite with a king-size bed. Below, you'll find an oversized single garage, insulated and heated for year-round comfort. Enjoy an east-facing balcony, ideal for morning coffee, and a private west-facing patio for relaxing afternoons and evenings. The fenced patio also offers a great space for summer BBQs in your own front yard. Conveniently located in the heart of Lakeview, this home offers easy access to quality schools, parks, Glenmore Park, and the Weaselhead pathways. Directly across the street are a park, playground, Jennie Elliott Elementary, and an off-leash dog area. A nearby shopping plaza, anchored by a community IGA, adds to the neighborhood charm. With quick access to Stoney Trail, the Canadian Rockies, and only 10 minutes to downtown, this family-friendly community has it all!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 and Half Storey
Total Living Area:
1,258.79 sq. ft.
Main Level Finished Area:
626.27 sq. ft.
Upper Level Finished Area:
632.52 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
306.51 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$557.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
Entry Level:
1
Levels:
2 and Half Storey
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1967 (Age: 57)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
7610213
Heating:
Baseboard
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Five Plus
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Lakeview Green 1
Lakeview (Calgary)
None
Dishwasher, Dryer, Garage Control(s), Microwave, Stove(s), Washer, Window Coverings
TV Mount
Pet Restrictions or Board approval Required, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
15'4" × 15'2"
Main Floor
Kitchen
11'5" × 8'4"
Main Floor
Dining Room
12'7" × 9'5"
Upper Level
Bedroom - Primary
16'1" × 12'10"
Upper Level
Bedroom
14'3" × 8'4"
Upper Level
Walk-In Closet
3'7" × 3'5"
Upper Level
Walk-In Closet
4'9" × 3'5"
Lower Level
Foyer
25'6" × 3'4"
Lower Level
Laundry
11'6" × 8'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'2"
Upper Level
No
4
4'11" x 7'10"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Separate Entrance
Exterior Features:
Courtyard, Private Entrance, Private Yard
Patio And Porch Features:
Balcony(s), Patio
Lot Features:
Back Yard, Backs on to Park/Green Space, Landscaped, Level, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
M-CG
Listed Date:
Sep 27, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Century 21 Masters
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