NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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1729 25 Avenue SW
Bankview Calgary T2T 1A2

$869,000
Residential beds: 3 baths: 2.0 856 sq. ft. built: 1957

Main Photo: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Photo 1: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Photo 2: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Photo 3: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Photo 4: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Photo 5: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Photo 6: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
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Photo 40: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
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Photo 42: 1729 25 Avenue SW in Calgary: Bankview Detached for sale : MLS®# A2155623
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2155623
Bedrooms:
3
Bathrooms:
2
Year Built:
1957
50FT X 150FT (7,500SQFT) Opportunity to own a prime large lot in a growing desirable inner city neighborhood, surrounded by lots of new developments. This is perfect for builders or investors to hold because THE raised DUPLEX bungalow is making $3,400 per month, 2 bedrooms upstairs, and 1 bedroom legal non-conforming suite downstairs with a separate entrance and large basement windows-- REVENUE PROPERTY! Roof shingles are less than 5 years old, single detached garage is great for storage, and unbelievable south backyard is like a GREEN OASIS IN THE MIDDLE OF THE CITY. VIEWS OF DOWNTOWN !!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
Bungalow, Up/Down
Total Living Area:
855.78 sq. ft.
Main Level Finished Area:
855.78 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
753.37 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,416 sq. ft.
Lot Frontage:
50'
Lot Details:
50 FT X 150 FT
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:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1957 (Age: 67)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8160AN
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood
Cooling:
None
Fireplaces:
0
Water Supply:
Public
Sewer:
Public Sewer
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Bankview (Calgary)
Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'8" × 11'4"
Main Floor
Bedroom
10'11" × 10'2"
Main Floor
Kitchen
13'5" × 6'11"
Main Floor
Dining Room
6'5" × 6'4"
Main Floor
Office
16'4" × 13'2"
Basement
Kitchen With Eating Area
12'6" × 9'6"
Basement
Laundry
12'10" × 9'11"
Basement
Bedroom
12'9" × 10'10"
Basement
Living Room
15'9" × 12'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'5" x 7'8"
Basement
No
3
4'10" x 7'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
No Animal Home, No Smoking Home, Separate Entrance
Exterior Features:
Fire Pit, Private Yard
Patio And Porch Features:
None
Lot Features:
Fruit Trees/Shrub(s), Private, Rectangular Lot, Sloped, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d111
Listed Date:
Sep 06, 2024
Days on Mkt:
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Listed by Real Broker
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