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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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1402 681 Savanna Boulevard NE
Saddle Ridge Calgary T3J 5N9

$404,900
Residential beds: 2 baths: 2.0 1,047 sq. ft. built: 2024

Main Photo: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 1: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 2: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 3: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 4: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 5: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 6: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 7: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 8: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 9: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 10: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 11: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 12: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 13: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 14: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 15: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 16: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Photo 17: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2154016
Bedrooms:
2
Bathrooms:
2
Year Built:
2024
Welcome to Savanna II Condos by TRUMAN! This stunning corner unit offers the largest 2 bedrooms and 2 bathrooms in Savanna 2, complete with a titled underground parking stall. Experience the pinnacle of luxury living with high-end finishes, including wide plank flooring and a designer lighting package. The custom chef-inspired kitchen boasts stainless steel appliances, soft-close cabinetry, and elegant quartz countertops. The primary bedroom features a walk-through closet and a luxurious walkthrough closet with four-piece ensuite, while the secondary bedroom includes a spacious closet. Additional conveniences include an in-suite washer and dryer, window coverings, and a balcony off the living room. Savanna II Condos also offer a range of lifestyle amenities, such as an Owner's Lounge for socializing, a gym for staying fit, and a pet spa. Schedule your showing today and experience the exceptional living at Savanna II!
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:
1,047 sq. ft.
Main Level Finished Area:
1,047 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$355.59
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Interior Maintenance, Maintenance Grounds, Professional Management, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2024 (Age: 0)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2312101
Heating:
Baseboard
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Saddle Ridge
Bicycle Storage, Fitness Center, Recreation Room
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
n/a
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
14'7" × 12'2"
Main Floor
Kitchen With Eating Area
13'3" × 8'9"
Main Floor
Dining Room
13'5" × 10'11"
Main Floor
Bedroom - Primary
13'5" × 10'2"
Main Floor
Bedroom
10' × 9'5"
Main Floor
Laundry
0 × 0
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
0' x 0'
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar, Quartz Counters
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-X2 d111
Listed Date:
Aug 10, 2024
Days on Mkt:
  • Photo 1: 1402 681 Savanna Boulevard NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2154016
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Listed by RE/MAX Real Estate (Central)
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
107
Avg list price:
$599,900
Min list price:
$229,900
Max list price:
$7,499,000
Avg days on market:
37
Min days on market:
1
Max days on market:
221
Avg price per sq.ft.:
$402.52
These statistics are generated based on the current listing's property type and located in Saddle Ridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706