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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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205 2717 17 Street SW
South Calgary Calgary T2T 4N4

$595,000
Residential beds: 2 baths: 3.0 1,366 sq. ft. built: 2016

Main Photo: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
Photo 1: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
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Photo 23: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
Photo 24: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
Photo 25: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
Photo 26: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
Photo 27: 205 2717 17 Street SW in Calgary: South Calgary Row/Townhouse for sale : MLS®# A2135134
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2135134
Bedrooms:
2
Bathrooms:
3
Year Built:
2016
For more information, please click on Brochure button below. Welcome to Glas! This one of a kind metal stud steel frame and ICF concrete construction. Nestled in the sought after area of South Calgary, close to everything, this home is a must see! The spacious open concept living is an entertainer’s dream! The central chef’s kitchen with quartz counter tops, under cabinet lighting, large island/eating bar, tons of storage space, 36" Induction stove & Energy Star stainless steel appliances is bordered on one side by a casual dining area with floor to ceiling windows & patio access. The other side is a bright living area with scenic views. The second level offers 2 spacious bedrooms, each with a private ensuite bath. The primary suite features a soaring ceiling & 3 piece bath with walk-in shower. On the third level, you will find an inviting flex/office space/guest space & access to the rooftop patio with gorgeous west views plus a gas line for BBQ hookup – ideal for enjoying warm summer evenings. Further highlights of this amazing townhome also includes floor to ceiling windows and in-floor heating on all three levels, air conditioning, triple glazed windows, roller blinds, 1 titled heated underground parking stall with plenty of street parking and condo fees which include everything except electricity. You will also enjoy the convenient location walking distance to vibrant Marda Loop, River Park, South Calgary Community Association, schools, shopping, public transit & just minutes to the downtown core.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Townhouse
Total Living Area:
1,366 sq. ft.
Main Level Finished Area:
579 sq. ft.
Upper Level Finished Area:
787 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$653.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Residential Manager, Sewer, Snow Removal, Water
HOA Fee Includes:
Lot Area:
564 sq. ft.
Lot Frontage:
14'7"
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
Entry Level:
1
Stories Total:
3
Levels:
2 and Half Storey
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1611247
Heating:
In Floor, Hot Water
Basement:
None
Foundation:
ICF Block, Poured Concrete
New Constr.:
No
Construction Material:
Concrete, ICFs (Insulated Concrete Forms), Metal Frame, Stucco
Structure Type:
Five Plus
Roof:
Concrete, Rubber
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air, ENERGY STAR Qualified Equipment, Rooftop
Fireplaces:
0
Garage:
0
Garage Spaces:
0
Parking:
Off Street, Parkade, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Laundry Room, Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
South Calgary
Parking, Secured Parking, Snow Removal, Storage, Trash
Built-In Oven, Convection Oven, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Freezer, Garage Control(s), Induction Cooktop, Instant Hot Water, Microwave, Range Hood, Tankless Water Heater, Wall/Window Air Conditioner
n/a
Utility Right Of Way
Yes
Floor
Type
Size
Other
Main Floor
Eat in Kitchen
13'1" × 12'5"
Main Floor
Living Room
14'9" × 13'1"
Main Floor
Dining Room
13'1" × 11'6"
2nd Floor
Bedroom - Primary
9'10" × 9'10"
2nd Floor
Bedroom
14'9" × 13'1"
3rd Floor
Den
16'5" × 7'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
2nd Floor
Yes
3
0' x 0'
2nd Floor
Yes
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
Chandelier, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Recessed Lighting, Separate Entrance, Smart Home, Stone Counters, Storage, Tankless Hot Water, Walk-In Closet(s)
Exterior Features:
Barbecue, Courtyard, Garden, Private Entrance, Rain Gutters, Storage
Patio And Porch Features:
Front Porch, Patio
Lot Features:
Back Lane, Fruit Trees/Shrub(s), Few Trees, Garden, Low Maintenance Landscape, Landscaped, Street Lighting, Underground Sprinklers
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MC-1
Listed Date:
May 24, 2024
Days on Mkt:
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Listed by Easy List Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$664,500
Min list price:
$235,000
Max list price:
$2,395,000
Avg days on market:
51
Min days on market:
2
Max days on market:
225
Avg price per sq.ft.:
$458.64
These statistics are generated based on the current listing's property type and located in South Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706