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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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202 3320 3 Avenue NW
Parkdale Calgary T2N 0L9

$549,000
Residential beds: 2 baths: 2.0 834 sq. ft. built: 2016

Main Photo: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 1: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 2: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 3: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 4: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 5: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 6: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 7: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 8: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 9: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 10: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 11: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 12: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 13: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 14: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 15: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 16: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 17: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 18: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 19: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 20: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 21: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 22: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 23: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 24: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 25: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 26: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Photo 27: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2141998
Bedrooms:
2
Bathrooms:
2
Year Built:
2016
LOCATION! LOCATION! LOCATION!. Panoramic view of the bow river from every room, living, dining and both the bedrooms. Spacious two bed room , two bathroom with an office space and a large river front covered deck for year round enjoyment. Across from the Bow River with access to almost 800 km of pathways, minutes to Edworthy Park, Foothills Hospital, Children's Hospital and countless shops, restaurants & amenities. Centrally located, 5 minutes west of downtown in Parkdale, this 2nd Floor front unit boasts almost 900 sq. ft. (Builder measurement) of living space. This 2 bed plus den condo defines luxury! It is complete with high-end finishes like 9 ft. ceilings, laminate flooring, in-suite laundry, extensive detail to sound proofing, integrated Kitchen Aid stainless steel appliances with 5 burner gas stove, convection oven, and ice maker fridge, expansive island adorned with quartz countertops, hood fan vented to exterior, extra cabinetry including pull out pantry - so smart for condo living! Perfect for entertaining, the kitchen seamlessly flows into elegant living and dining spaces, making hosting a delight. The living room is bright with all-year sunlight – a perfect unit for those liking bright and sunny. Relax and unwind in the spacious living area or retreat to the cozy den. The deck private deck is for socializing or just simply hanging-out! The main bath services the 2nd bedroom. Elegant, primary bedroom is equipped with stunning ensuite which includes a fully tiled walk-in with shower 10mm tempered glass shower door and a walk-in closet. Underground heated and titled parking stall inside a very clean and secure parkade with bike storage will keep your vehicle safe from cold & snow. A must-see!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
834.07 sq. ft.
Main Level Finished Area:
834.07 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$699.87
Condo Fee Includes:
Gas, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
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:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1612113
Heating:
In Floor, Natural Gas
Foundation:
Poured Concrete
Builder:
DaVinci Condominiums Ltd.
New Constr.:
No
Construction Material:
Concrete, Manufactured Floor Joist, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Garage Spaces:
1
Parking:
Gated, Heated Garage, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Riviera on the Bow
Parkdale (Calgary)
Bicycle Storage, Elevator(s), Snow Removal, Storage, Visitor Parking
Built-In Oven, Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Microwave, Refrigerator, Washer/Dryer Stacked
None
Board Approval, Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Den
9'1" × 7'
Main Floor
Bedroom
14'2" × 9'1"
Main Floor
Kitchen
16'2" × 10'11"
Main Floor
Living Room
15'9" × 14'7"
Main Floor
Bedroom - Primary
12'2" × 10'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
8'11" x 5'1"
Main Floor
Yes
4
8'3" x 5'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Soaking Tub, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Accessibility Features:
Accessible Entrance
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Jun 18, 2024
Days on Mkt:
  • Photo 1: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Photo 1 of 27
  • Photo 2: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Photo 2 of 27
  • Photo 3: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Photo 3 of 27
  • Photo 4: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Entrance of the Building
  • Photo 5: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Photo 5 of 27
  • Photo 6: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Photo 6 of 27
  • Photo 7: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Photo 7 of 27
  • Photo 8: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Hallway
  • Photo 9: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Living Room
  • Photo 10: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Living Room
  • Photo 11: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Living Room
  • Photo 12: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Living Room
  • Photo 13: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Kitchen
  • Photo 14: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Kitchen
  • Photo 15: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Kitchen
  • Photo 16: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Kitchen
  • Photo 17: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Primary Bedroom
  • Photo 18: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Primary Bedroom
  • Photo 19: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Ensuite
  • Photo 20: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Second Bedroom
  • Photo 21: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Second Bedroom
  • Photo 22: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Second Bath
  • Photo 23: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Laundry
  • Photo 24: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Den
  • Photo 25: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    View from Balcony
  • Photo 26: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Titled Parking
  • Photo 27: 202 3320 3 Avenue NW in Calgary: Parkdale Apartment for sale : MLS®# A2141998
    Storage Locker
Listed by Diamond Realty & Associates LTD.
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$1,199,900
Min list price:
$449,900
Max list price:
$2,398,000
Avg days on market:
44
Min days on market:
1
Max days on market:
121
Avg price per sq.ft.:
$609.97
These statistics are generated based on the current listing's property type and located in Parkdale. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706