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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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4659 Seton Drive SE
Seton Calgary T3M 3T9

$265,000
Residential beds: 1 baths: 1.0 464 sq. ft. built: 2023

Main Photo: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 1: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 2: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 3: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 4: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 5: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 6: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 7: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 8: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 9: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 10: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
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Photo 12: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 13: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 14: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 15: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 16: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 17: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 18: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 19: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 20: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 21: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 22: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 23: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 24: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 25: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 26: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 27: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Photo 28: 4659 Seton Drive SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2148315
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2148315
Bedrooms:
1
Bathrooms:
1
Year Built:
2023
Location! Location! Location! Impressive main floor corner unit designed by Rohit Communities, in the sought after community of Seton in SE Calgary. Offering a 1 bed and 1 bath open concept floor plan, you will love! The Kitchen is fully equipped with attractive cabinetry that goes to the ceiling, a pantry, huge central island with Quartz counter-tops, and stainless-steel appliances. The adjoining Living area is bright and sunny with large windows and high ceilings throughout the entire space. The Primary Bedroom is a good size and has a large window for natural light. The 4 – piece bathroom is conveniently located just steps away from the laundry and extra storage. Luxury vinyl plank throughout with carpet in the bedroom. Leave your car at home and walk across the street to enjoy the community amenities which is walking distance to the Brookfield YMCA, South Health Campus, schools, shopping and trendy restaurants. Easy access to main roads. Professionally managed, pet friendly complex. A pleasure to show! Book your viewing today before it’s gone!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Stacked Townhouse
Total Living Area:
464 sq. ft.
Main Level Finished Area:
464 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$127.00
Condo Fee Includes:
Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
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:
North
Reg. Size:
Reg. Size Includes:
Floor Location:
Ground
Entry Level:
1
Levels:
One
End Unit:
1 Common Wall, End Unit, No One Below
Total Rooms Above Grade:
4
Year built:
2023 (Age: 1)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2310304
Heating:
Forced Air
Basement:
None
Foundation:
Slab
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$375.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
None
Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Refrigerator, Washer
N/A
None Known
Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
9'9" × 9'5"
Main Floor
Laundry
6'9" × 3'10"
Main Floor
Furnace/Utility Room
3'10" × 3'1"
Main Floor
Kitchen With Eating Area
9'8" × 8'7"
Main Floor
Living Room
12'5" × 9'10"
Main Floor
Entrance
8'7" × 5'3"
Main Floor
Other
11'3" × 6'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'8"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Quartz Counters
Exterior Features:
None
Patio And Porch Features:
Front Porch
Lot Features:
Other
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Jul 09, 2024
Days on Mkt:
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Listed by URBAN-REALTY.ca
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$484,010
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
27
Min days on market:
5
Max days on market:
157
Avg price per sq.ft.:
$426.07
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706