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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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8206 1802 Mahogany Boulevard SE
Mahogany Calgary T3M 2C7

$678,900
Residential beds: 3 baths: 2.0 1,221 sq. ft. built: 2025

Main Photo: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 1: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 2: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 3: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 4: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 5: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 6: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 7: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 8: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 9: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 10: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 11: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 12: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 13: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 14: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 15: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 16: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 17: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 18: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 19: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Photo 20: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2130686
Bedrooms:
3
Bathrooms:
2
Year Built:
2025
Experience modern living in this spacious 3-bedroom, 2-bathroom corner unit at Waterside at Mahogany by Logel Homes. Enjoy Jersey Cream cabinetry with champagne bronze hardware, London Fog quartz countertops, and premium stainless-steel Samsung appliances. Features include LED undercabinet lighting, custom hood fan, upgraded tiled bathroom flooring, Moen Bronzed Gold fixtures, and a luxurious ensuite with a walk-in shower and sliding glass barn door. This unit also offers 9-foot ceilings, titled underground heated parking, extra storage, and an oversized balcony with a gas line for summer BBQs. With an in-unit air conditioner and Logel Homes' exclusive award-winning fresh air makeup system, comfort and quality are paramount. Conveniently located near shopping, dining, and major roadways, Logel Homes has been recognized as Calgary's Multi-Family Builder of the Year for the last four years. Discover why this is the perfect place to call home!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
1,221 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$775.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
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:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2025 (Age: -)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
20242025
Heating:
Hot Water, Natural Gas
Basement:
None
Foundation:
Poured Concrete
Builder:
Logel Homes Ltd
New Constr.:
Yes
Construction Material:
Concrete, Wood Frame
Structure Type:
High Rise (5+ stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Vinyl Plank
Cooling:
Wall/Window Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Parkade, Secured, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
HOA Fee:
$425.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Mahogany
Beach Access, Park, Secured Parking, Snow Removal, Storage, Trash, Visitor Parking
Central Air Conditioner, Dishwasher, Electric Stove, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, Garage Control(s), Microwave
N/A
Pet Restrictions or Board approval Required
Restrictions, Cats OK, Dogs OK
Floor
Type
Size
Other
Main Floor
Kitchen With Eating Area
13'6" × 9'7"
Main Floor
Dining Room
10'5" × 6'6"
Main Floor
Living Room
14'5" × 12'9"
Main Floor
Bedroom - Primary
11'10" × 11'6"
Main Floor
Bedroom
11'10" × 11'8"
Main Floor
Bedroom
9'11" × 9'11"
Main Floor
Laundry
0' × 0'
Main Floor
Balcony
19'8" × 9'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
0' x 0'
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Lake, Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, Playground
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
MCG 1
Listed Date:
May 09, 2024
Days on Mkt:
  • Photo 1: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
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  • Photo 4: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
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  • Photo 5: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of showsuite
  • Photo 6: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 7: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 8: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 9: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 10: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 11: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 12: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 13: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 14: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 15: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 16: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 17: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 18: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 19: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
  • Photo 20: 8206 1802 Mahogany Boulevard SE in Calgary: Mahogany Apartment for sale : MLS®# A2130686
    Photos are of Show Suite
Listed by RE/MAX Real Estate (Central)
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$673,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
37
Min days on market:
1
Max days on market:
376
Avg price per sq.ft.:
$455.77
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706