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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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523 26 Val Gardena View SW
Springbank Hill Calgary T3H 5Z5

$355,000
Residential beds: 2 baths: 2.0 837 sq. ft. built: 2008

Main Photo: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 1: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 2: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 3: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 4: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 5: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 6: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 7: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 8: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 9: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 10: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 11: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 12: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 13: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 14: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 15: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 16: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Photo 17: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163735
Bedrooms:
2
Bathrooms:
2
Year Built:
2008
Welcome to this stunning 2-bedroom, 2-bathroom corner unit in Springbank Hill, offering approximately 840 square feet of modern living space in the prestigious community. This beautiful unit not only provides a comfortable and stylish living environment but also immerses you in one of Calgary’s most desirable neighborhoods. Step into this thoughtfully designed apartment and immediately feel at home. The open-concept layout allows for seamless flow between the living, dining, and kitchen areas, making it ideal for both relaxation and entertaining. The living room is bright and airy, with large windows that invite in plenty of natural light & mountain view, creating a warm and welcoming atmosphere. Whether you’re hosting friends or enjoying a quiet evening in, this space is perfect for all occasions. The kitchen is a chef’s delight, featuring sleek countertops and ample cabinetry. Whether you’re whipping up a quick meal or preparing a gourmet dinner, this kitchen has everything you need to make cooking a pleasure. The two spacious bedrooms are located on opposite sides of the unit for added privacy. Unit also comes with convenient in-suite laundry, a private balcony for enjoying the fresh air, and secure underground parking(2 Titled Underground Parking), adding to the overall comfort and convenience of living here. Beyond the walls of this beautiful apartment, you’ll find yourself in the heart of Springbank Hill – one of Calgary’s most sought-after communities. This neighborhood offers a perfect blend of natural beauty and urban convenience. Surrounded by scenic views, walking paths, and parks, Springbank Hill is a haven for outdoor enthusiasts. Enjoy morning jogs, weekend hikes, or peaceful evening strolls through the picturesque landscape. Springbank Hill is also home to top-rated schools, making it an ideal location for families. You’ll find a variety of shopping centers, restaurants, and cafes just minutes away, providing everything you need right at your doorstep. With easy access to major roadways and public transit, commuting to downtown Calgary or exploring the surrounding areas is quick and hassle-free. Whether you’re a young professional, a growing family, or someone looking to downsize without compromising on quality, this apartment has something to offer everyone. Don’t miss your chance to live in this fantastic unit in the heart of Springbank Hill.
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:
836.75 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$549.46
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
5
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2008 (Age: 16)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0810535
Heating:
Baseboard
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Bathroom
Condo Fee Frequency:
Monthly
Robson Summit of Montreux
Springbank Hill
Elevator(s), Fitness Center, Visitor Parking
Built-In Oven, Dishwasher, Dryer, Electric Cooktop, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Easement Registered On Title, Pet Restrictions or Board approval Required, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
9'3" × 9'
Main Floor
Dining Room
15' × 7'8"
Main Floor
Living Room
12'1" × 10'7"
Main Floor
Foyer
10'4" × 6'2"
Main Floor
Laundry
5'7" × 2'7"
Main Floor
Balcony
9'8" × 5'8"
Main Floor
Den
6' × 2'8"
Main Floor
Bedroom - Primary
12'4" × 10'11"
Main Floor
Bedroom
10'1" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'8" x 8'
Main Floor
Yes
4
4'11" x 8'2"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby
Interior Features:
Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
M-1 d110
Listed Date:
Sep 07, 2024
Days on Mkt:
  • Photo 1: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
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  • Photo 17: 523 26 Val Gardena View SW in Calgary: Springbank Hill Apartment for sale : MLS®# A2163735
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Listed by Sunflower Realty & Property Management Inc.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$733,000
Min list price:
$273,500
Max list price:
$3,488,000
Avg days on market:
49
Min days on market:
1
Max days on market:
245
Avg price per sq.ft.:
$514.24
These statistics are generated based on the current listing's property type and located in Springbank Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706