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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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305 138 Sage Valley Common NW
Sage Hill Calgary T3R 1X7

$350,000
Residential beds: 2 baths: 2.0 685 sq. ft. built: 2021

Main Photo: 305 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2175188
Photo 1: 305 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2175188
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Photo 36: 305 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2175188
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175188
Bedrooms:
2
Bathrooms:
2
Year Built:
2021
Located in the sought-after community of Sage Hill, this stunning 2-bedroom, 2-bathroom condo offers modern finishes and an open-concept layout, providing both style and comfort. The FULLY FURNISHED unit is a rare find, making it move-in ready—an incredible bonus that sets this property apart from others in the market. The condo comes with a titled underground heated parking stall and a titled storage unit, adding convenience and extra value to this beautiful home. You can also enjoy the privacy of your own private balcony, perfect for unwinding after a long day or hosting friends. With plenty of space and a tranquil atmosphere, it’s the ideal spot to relax, sip your morning coffee, or fire up the BBQ on a sunny day. Situated in a prime location, this complex offers unparalleled access to amenities. With a grocery store, gas station, restaurants, pubs, and shopping all just steps away, you’ll have everything you need right at your doorstep. Don’t miss this amazing opportunity to own a fully furnished condo in one of Calgary's most desirable neighborhoods. Schedule your viewing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
685 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$335.16
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Professional Management, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
3
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2021 (Age: 3)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2111339
Heating:
Baseboard
New Constr.:
No
Construction Material:
Concrete, Wood Frame
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$55.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Sage Hill
Elevator(s), Parking, Secured Parking, Storage
Dishwasher, Microwave, Oven, Refrigerator, Stove(s), Washer/Dryer Stacked, Window Coverings
All of the furniture and household items
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
10'9" × 9'11"
Main Floor
Walk-In Closet
4'11" × 4'8"
Main Floor
Balcony
8'4" × 6'3"
Main Floor
Living Room
11'11" × 10'1"
Main Floor
Dining Room
7'4" × 5'8"
Main Floor
Laundry
4'10" × 3'3"
Main Floor
Kitchen With Eating Area
13'6" × 11'1"
Main Floor
Bedroom
9'10" × 8'8"
Main Floor
Entrance
7'7" × 5'3"
Main Floor
Pantry
3'3" × 1'10"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4'11" x 8'6"
Main Floor
No
4
4'11" x 8'8"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan, Walk-In Closet(s)
Exterior Features:
Balcony, Private Entrance
Patio And Porch Features:
Balcony(s), Enclosed
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone N
Zoning:
C-C2
Listed Date:
Oct 24, 2024
Days on Mkt:
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Listed by Gravity Realty Group
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$395,000
Min list price:
$269,500
Max list price:
$1,224,900
Avg days on market:
39
Min days on market:
1
Max days on market:
155
Avg price per sq.ft.:
$435.48
These statistics are generated based on the current listing's property type and located in Sage Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706