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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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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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3113 755 Copperpond Boulevard SE
Copperfield Calgary T2Z 4R2

$259,000
Residential beds: 1 baths: 1.0 561 sq. ft. built: 2014

Main Photo: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 1: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 2: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 3: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 4: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 5: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 6: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 7: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 8: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 9: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 10: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
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Photo 13: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 14: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 15: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 16: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 17: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Photo 18: 3113 755 Copperpond Boulevard SE in Calgary: Copperfield Apartment for sale : MLS®# A2176601
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176601
Bedrooms:
1
Bathrooms:
1
Year Built:
2014
Discover urban convenience and comfort in this stylish ground-floor one-bedroom condo. Thoughtfully designed, this home offers a spacious open-concept layout with a bright living area that flows seamlessly into a modern kitchen. The kitchen boasts sleek cabinetry and a large custom island, providing extra prep space and a perfect spot for casual dining and entertaining. The generously sized bedroom includes plenty of closet space and a large window that fills the room with natural light, while the bathroom, conveniently accessible from both the bedroom and living room, features contemporary finishes and ample storage. For added convenience, in-suite laundry makes everyday living easy. Step outside to enjoy your private patio, ideal for morning coffee or evening relaxation. Plus, the condo complex has recently installed solar panels, which will help reduce utility bills and keep condo fees low, adding even more value to this fantastic property. Surrounded by beautifully landscaped green spaces, this condo is ideal for first-time buyers, investors, or anyone seeking low-maintenance living in a prime location. Don’t miss out on this incredible opportunity – schedule your viewing today!
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:
560.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$274.02
Condo Fee Includes:
Heat, Maintenance Grounds, Professional Management, Reserve Fund Contributions, See Remarks, Sewer, Snow Removal, Trash, 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:
East
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
3
Year built:
2014 (Age: 10)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1413047
Heating:
Baseboard, See Remarks
Basement:
None
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Copperfield Park
Copperfield
None, Trash
Dishwasher, Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer Stacked, Window Coverings
None
None Known
Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
12'1" × 9'1"
Main Floor
Laundry
0' × 0'
Main Floor
Kitchen With Eating Area
10'9" × 10'
Main Floor
Living Room
14'7" × 13'10"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Kitchen Island, Open Floorplan, Stone Counters
Exterior Features:
None
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-X1
Listed Date:
Oct 31, 2024
Days on Mkt:
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Listed by KIC Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$429,900
Min list price:
$259,000
Max list price:
$788,888
Avg days on market:
22
Min days on market:
1
Max days on market:
82
Avg price per sq.ft.:
$398.38
These statistics are generated based on the current listing's property type and located in Copperfield. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706