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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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1202 16969 24 Street SW
Bridlewood Calgary T2Y 0H9

$309,900
Residential beds: 2 baths: 2.0 930 sq. ft. built: 2008

Main Photo: 1202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2165092
Photo 1: 1202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2165092
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165092
Bedrooms:
2
Bathrooms:
2
Year Built:
2008
Welcome to Unit 1202, an end unit at 16969 24 Street SW, located in the vibrant and family-friendly Bridlewood community of Calgary! This 930 sq.ft. condo features 2 bedrooms, 2 full baths, and an open-concept living space, perfect for relaxing or entertaining. The end-unit position provides extra privacy and natural light, adding to the home's charm. Enjoy the perks of Bridlewood living, with scenic walking paths, a nearby playground, and Bridlewood School (K-6) just steps away. This home is also conveniently located with quick access to Stoney Trail, making it easy to commute around the city. You're only 20 minutes from the Bridlewood C-Train station, and a short drive to major shopping centers like Walmart, Home Depot, Winners, and many more. With condo fees covering electricity, water, heat, and more, this unit offers incredible value and convenience. Don't miss your chance to own this beautiful home in one of Calgary's most desirable communities! Call your realtor and book your private showing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
930.02 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$535.48
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, 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:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Multi Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
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:
0814718
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
0.0
Parking Total/Covered:
0 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Bridlecrest Pointe
Bridlewood
Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator
Blinds, curtain rods
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
11'9" × 10'9"
Main Floor
Dining Room
10'2" × 8'9"
Main Floor
Kitchen
10'8" × 10'
Main Floor
Living Room
13'5" × 11'8"
Main Floor
Office
5'8" × 4'1"
Main Floor
Bedroom - Primary
14'4" × 11'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'7" x 4'11"
Main Floor
Yes
4
4'11" x 8'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-1d75
Listed Date:
Sep 12, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$429,900
Min list price:
$239,300
Max list price:
$799,900
Avg days on market:
32
Min days on market:
2
Max days on market:
140
Avg price per sq.ft.:
$395.76
These statistics are generated based on the current listing's property type and located in Bridlewood. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706