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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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1513 23 Avenue SW
Bankview Calgary T2T 0T8

$635,000
Residential beds: 2 baths: 3.0 1,889 sq. ft. built: 2011

Main Photo: 1513 23 Avenue SW in Calgary: Bankview Row/Townhouse for sale : MLS®# A2175106
Photo 1: 1513 23 Avenue SW in Calgary: Bankview Row/Townhouse for sale : MLS®# A2175106
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Photo 31: 1513 23 Avenue SW in Calgary: Bankview Row/Townhouse for sale : MLS®# A2175106
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175106
Bedrooms:
2
Bathrooms:
3
Year Built:
2011
Welcome to the vibrant community of Bankview, just minutes from the heart of downtown Calgary. This luxurious 2-bedroom townhome seamlessly combines elegant design with an exceptional lifestyle. Featuring two spacious ensuite bedrooms and an open-concept main floor, the layout is both functional and inviting. With the added convenience of two titled parking stalls in a heated parkade, this home offers everything you need for urban living. As you step inside, you’ll be welcomed by a unique, custom staircase adorned with classic book designs, setting the tone for the distinctive character throughout. The expansive main floor is a versatile space, perfect for entertaining, a home office, or even a music room. The upper floor boasts an open-concept layout ideal for gatherings, complete with a chic 2-piece bathroom featuring a wall-mounted toilet. The dining room provides an elegant setting for hosting, while the gourmet kitchen impresses with its gas stove, large Caesarstone island, and ample drawer and cupboard space. The upgraded LED lighting complements the beautiful chandeliers, creating a bright and inviting atmosphere. Upstairs, you'll find two generous ensuite bedrooms. One bedroom is bathed in natural light from its large windows, while the other bedroom is versatile with access to a rooftop deck overlooking the peaceful shared courtyard. The shared courtyard is a summer haven, perfect for BBQs with a natural gas line ready to go. The home also features rich engineered hardwood flooring and custom paintwork that adds warmth and personality. Hunter Douglas custom blinds and built-in shelving throughout add to the home's thoughtful design. This low-maintenance property is part of a well-managed condo community, with fees covering heat, water, and exterior maintenance—allowing you to enjoy a worry-free lifestyle. Situated in one of the best locations near downtown, this townhome could be your next home. Schedule your showing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,888.85 sq. ft.
Main Level Finished Area:
425.31 sq. ft.
Upper Level Finished Area:
1,463.54 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$850.93
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, 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:
North
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Three Or More
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
2011 (Age: 13)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1411392
Heating:
In Floor, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Stucco, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle, Flat
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Garage Spaces:
2
Parking:
Garage Door Opener, Parkade, Secured, Stall, Titled
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Bankview (Calgary)
Parking, Secured Parking, Snow Removal, Trash
Dishwasher, Garage Control(s), Gas Stove, Range Hood, Refrigerator, Washer/Dryer Stacked
None
Board Approval, Condo/Strata Approval, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Game Room
23'11" × 13'2"
Upper Level
Dining Room
9'5" × 8'10"
Upper Level
Kitchen
15'2" × 13'8"
Upper Level
Living Room
22'10" × 17'
3rd Floor
Bedroom
15'4" × 11'1"
3rd Floor
Bedroom - Primary
18'7" × 17'
Floor
Ensuite
Pieces
Other
Upper Level
No
2
6'2" x 3'
3rd Floor
Yes
4
8'9" x 6'1"
3rd Floor
Yes
5
15' x 4'11"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Built-in Features, Chandelier, Closet Organizers, Double Vanity, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Stone Counters
Exterior Features:
BBQ gas line, Courtyard, Garden, Private Entrance, Private Yard, Uncovered Courtyard
Patio And Porch Features:
Deck
Lot Features:
Low Maintenance Landscape, Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG
Listed Date:
Oct 24, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Keller Williams BOLD Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$436,950
Min list price:
$185,000
Max list price:
$2,378,000
Avg days on market:
40
Min days on market:
5
Max days on market:
197
Avg price per sq.ft.:
$413.11
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706