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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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4201 60 Panatella Street NW
Panorama Hills Calgary T3K 0M4

$327,500
Residential beds: 2 baths: 2.0 971 sq. ft. built: 2007

Main Photo: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 1: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 2: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 3: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 4: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 5: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 6: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 7: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 8: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 9: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 10: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 11: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 12: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 13: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 14: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 15: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 16: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 17: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 18: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 19: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 20: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 21: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 22: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 23: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 24: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Photo 25: 4201 60 Panatella Street NW in Calgary: Panorama Hills Apartment for sale : MLS®# A2140696
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2140696
Bedrooms:
2
Bathrooms:
2
Year Built:
2007
Welcome to this bright and spacious 2 bedroom 2 bathroom corner unit apartment located in Panorama Hills! This fine home is one of the largest in the building - 971 square feet! - and features an open functional floorplan. Large living room with patio door to a big southeast facing balcony. ***NEW KITCHEN QUARTZ COUNTERTOPS - NEW KITCHEN TAPS AND UNDER MOUNT SINK AND NEW BLIND PACKAGE JULY 2024*** Both bedrooms are a good size and the primary bedroom has a walkthrough closet and full ensuite. New blinds 2024. Engineered Hardwood flooring installed in the living room, dining area and the two bedrooms. Tile flooring in the entry and kitchen as well as both bathrooms. New Bosch dishwasher and Samsung washer/dryer 2 years ago. Located close to schools and parks as well as a short walk to Sobeys and other fine shoppes. Please note that the condo fees inlude electricity! Vacant for quick possession.
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:
971.22 sq. ft.
Main Level Finished Area:
971.22 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$532.74
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, 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:
Southeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southeast
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2007 (Age: 17)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0811056
Heating:
Baseboard, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$210.00
Condo Fee Frequency:
Monthly
Panorama Pointe
Panorama Hills
Elevator(s), Parking, Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
15'11" × 12'4"
Main Floor
Dining Room
13' × 11'9"
Main Floor
Kitchen
11'3" × 9'5"
Main Floor
Laundry
7' × 4'11"
Main Floor
Bedroom - Primary
14'1" × 11'3"
Main Floor
Bedroom
10'3" × 9'8"
Main Floor
Balcony
11'9" × 9'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'4"
Main Floor
Yes
4
4'11" x 7'3"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone N
Zoning:
DC (pre 1P2007)
Listed Date:
Jun 13, 2024
Days on Mkt:
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Listed by Royal LePage Solutions
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
83
Avg list price:
$479,000
Min list price:
$246,500
Max list price:
$1,374,888
Avg days on market:
21
Min days on market:
1
Max days on market:
100
Avg price per sq.ft.:
$379.74
These statistics are generated based on the current listing's property type and located in Panorama Hills. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706