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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.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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2706 510 6 Avenue SE
Downtown East Village Calgary T2G 1L7

$675,000
Residential beds: 2 baths: 2.0 1,286 sq. ft. built: 2016

Main Photo: 2706 510 6 Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2161678
Photo 1: 2706 510 6 Avenue SE in Calgary: Downtown East Village Apartment for sale : MLS®# A2161678
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161678
Bedrooms:
2
Bathrooms:
2
Year Built:
2016
Welcome to your 27th floor dream home in trendy DowntownEast Village. Experience luxury living with unparalleled views in this stunning apartment, perfectly positioned to capture the vibrant essence of the city. From your CORNER UNIT with astonishing window views and TWO Balconies, gaze upon the breathtaking downtown skyline, the winding Bow River, and the iconic Saddledome. You're gifted with some of the best seats for the mesmerizing Stampede fireworks lighting up the sky, and basking in the serenity of breathtaking sunsets that paint the horizon in a tapestry of colors. This is more than just an apartment - it's your front-row seat to the beauty and excitement that defines this incredible city. An entertainers dream, you are equipped with a gourmet kitchen; Gas stove, a newer Jennair Dishwasher and Samsung Microwave. Two generous sized bedrooms including a custom California Closet organizer in the primary bedroom. At the end of the day, you can bask in the grand spa-like 5 piece ensuite - simply gorgeous, and a private den / flex room is yours to make your own. Your new living comes with TWO parking spots; tandem style parking, accessible from front AND rear, located immediately next to the elevator, smart light switches in the kitchen and living room, and a most convenient proximity to the Saddledome and new Event Center which is now under construction. Surrounded by convenient amenities; Transit, Superstore across the street, East Calgary General Store, and Blush Lane Organic Market. Elementary, Jr. High, and High schools, along with a plethora of cafe’s and restaurants are all within walking distance. View today to make this your own luxury-in-the-sky!
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:
1,285.54 sq. ft.
Main Level Finished Area:
1,285.54 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,125.95
Condo Fee Includes:
Caretaker, Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Security Personnel, 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:
Unit Exposure:
West
Floor Location:
Other
Entry Level:
27
Stories Total:
34
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1512254
Heating:
In Floor, Forced Air
New Constr.:
No
Construction Material:
Brick, Concrete, Metal Siding
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Parkade, Secured, Stall, Tandem
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Evolution
Downtown East Village
Elevator(s), Fitness Center, Party Room, Secured Parking, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Entrance
9'7" × 6'7"
Main Floor
Kitchen
11' × 9'
Main Floor
Dining Room
10'2" × 7'8"
Main Floor
Living Room
23'5" × 13'5"
Main Floor
Bedroom - Primary
11'10" × 11'6"
Main Floor
Bedroom
11'2" × 11'1"
Main Floor
Office
8'5" × 6'
Main Floor
Laundry
9'6" × 3'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
7'11" x 4'11"
Main Floor
Yes
5
8'8" x 7'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Double Vanity, Kitchen Island, See Remarks, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
CC-EMU
Listed Date:
Sep 05, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
73
Avg list price:
$399,900
Min list price:
$224,900
Max list price:
$899,000
Avg days on market:
43
Min days on market:
1
Max days on market:
233
Avg price per sq.ft.:
$575.69
These statistics are generated based on the current listing's property type and located in Downtown East Village. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706