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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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315 5204 Dalton Drive NW
Dalhousie Calgary T3A 3H1

$248,000
Residential beds: 2 baths: 1.0 859 sq. ft. built: 1981

Main Photo: 315 5204 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2140493
Photo 1: 315 5204 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2140493
Photo 2: 315 5204 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2140493
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Photo 29: 315 5204 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2140493
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2140493
Bedrooms:
2
Bathrooms:
1
Year Built:
1981
This spacious 2-bedroom, 1-bathroom condo offers comfortable living in a prime location. Step inside and be greeted by a generous living space that leads out to a nice-sized balcony, perfect for enjoying your morning coffee or relaxing in the evening. This well-maintained building boasts an array of amenities to enhance your lifestyle. Stay active in the exercise room, unwind in the dry sauna, or challenge friends in the games room. For social gatherings, the party room is an ideal space, while the library offers a quiet retreat. The convenience of coin laundry and a tennis court adds to the appeal. Your home includes a heated, underground secure parking stall, #217. Condo fees INCLUDE heat, electricity and water, making budgeting a breeze. There is a lovely community garden, curated foyer, inviting hallways and peaceful spots to sit outside and on the grounds. Vista View boasts one of the best locations in the community being minutes to the C-Train, Dalton Park, walkways, pathways, & plenty of amenities including Northland Mall, Market Mall, U of C and more. Whether you are a first time buyer or looking to downsize, this property offers great value and a wonderful place to call home. Don't miss out on this opportunity - schedule a viewing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
859.06 sq. ft.
Main Level Finished Area:
859.06 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$566.39
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Electricity, Gas, Heat, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
3
Stories Total:
12
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1981 (Age: 43)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8610097
Heating:
Baseboard, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Roof:
Asphalt/Gravel
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Heated Garage, Secured, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Common Area
Condo Fee Frequency:
Monthly
Vista View
Dalhousie
Coin Laundry, Elevator(s), Fitness Center, Laundry, Party Room, Racquet Courts, Secured Parking, Trash
Dishwasher, Electric Stove, Refrigerator, Window Coverings
Window coverings and blinds, Storage shed on Balcony
Non-Smoking Building, Pet Restrictions or Board approval Required, Short Term Rentals Not Allowed
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
12'9" × 8'3"
Main Floor
Dining Room
11'4" × 9'4"
Main Floor
Kitchen
15'9" × 9'11"
Main Floor
Living Room
14'5" × 11'6"
Main Floor
Bedroom - Primary
12'9" × 10'5"
Main Floor
Storage
8'4" × 3'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 10'7"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Balcony, Garden, Tennis Court(s)
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
M-H2 d258
Listed Date:
Aug 01, 2024
Days on Mkt:
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Virtual Tour

Listed by CIR Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$379,950
Min list price:
$199,900
Max list price:
$2,475,000
Avg days on market:
54
Min days on market:
1
Max days on market:
141
Avg price per sq.ft.:
$388.69
These statistics are generated based on the current listing's property type and located in Dalhousie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706