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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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4305 155 Skyview Ranch Way NE
Skyview Ranch Calgary T3N 0L1

$315,000
Residential beds: 2 baths: 2.0 828 sq. ft. built: 2011

Front of Buiilding
Photo 1: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
Photo 2: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
Photo 3: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
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Photo 23: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
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Photo 33: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2138764
Bedrooms:
2
Bathrooms:
2
Year Built:
2011
PRICE REDUCED! Call Your Favourite Realtor! Discover this delightful and spacious condo boasting 2 bedrooms and 2 full bathrooms. Nestled in a prime and highly sought-after location, this north-facing suite offers expansive views through large windows. Situated conveniently close to shopping, transit, schools, medical facilities, and entertainment, this complex meets all your needs! With over 800 sq ft of living space, this condo features one of the most favoured layouts in the building. The main living area is bright and open, showcasing a generously sized great room with patio doors leading to a covered 10' x 6' balcony—perfect for outdoor BBQs! Enhanced with cork floors and modern fixtures, the living area is both stylish and comfortable. The kitchen is a chef’s delight, featuring dark stained maple wood shaker-style cabinets that extend to the ceiling, granite countertops, a garburator, an over-the-range microwave/hood fan, an eating bar peninsula, and upgraded stainless steel appliances. The spacious primary bedroom includes a walk-through closet leading to a private ensuite bathroom. The second bathroom features an upgraded soaker tub, adding a touch of luxury. Additional amenities include in-suite storage and a laundry room. The condo also comes with an indoor parking stall complete with a full storage cage for added convenience.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
828 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$406.01
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2011 (Age: 13)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1311203
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Metal Siding, Stone, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Cork, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Titled
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$78.75
Condo Fee Frequency:
Monthly
SkyWest Condominiums
Skyview Ranch
Elevator(s), Secured Parking, Visitor Parking
Dishwasher, Dryer, Electric Range, Oven, Refrigerator, Washer
TV Mount
Condo/Strata Approval, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
12'11" × 9'8"
Main Floor
Kitchen
15'8" × 7'10"
Main Floor
Living Room
16'4" × 14'4"
Main Floor
Bedroom - Primary
13'11" × 10'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'2" x 4'11"
Main Floor
Yes
4
4'11" x 8'1"
Title to Land:
Fee Simple
Community Features:
Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Granite Counters, Open Floorplan, Storage
Exterior Features:
Lighting
Patio And Porch Features:
None
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-2
Listed Date:
Jun 05, 2024
Days on Mkt:
  • Photo 1: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
    Front of Buiilding
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    Main Entrance
  • Photo 3: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
    Front Condo Door
  • Photo 4: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
    Kitchen with Breakfast Bar
  • Photo 5: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
    Kitchen with Large Pantry
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    Kitchen with Pantry and Breakfast Bar
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    Kitchen looking to front door
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    Kitchen - Double Sink
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    Living Room
  • Photo 11: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
    Living Room
  • Photo 12: 4305 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2138764
    Living Room looking to Kitchen
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    Living Room looking to kitchen and 4 piece bathroom
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Virtual Tour

Additional Images

Virtual Tour

Listed by Keller Williams BOLD Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
117
Avg list price:
$355,900
Min list price:
$234,900
Max list price:
$890,000
Avg days on market:
38
Min days on market:
1
Max days on market:
162
Avg price per sq.ft.:
$390.68
These statistics are generated based on the current listing's property type and located in Skyview Ranch. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706