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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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505 138 Sage Valley Common NW
Sage Hill Calgary T3R 1X7

$345,000
Residential beds: 2 baths: 2.0 686 sq. ft. built: 2021

Exterior of Q in Sage Hill Quarter
Photo 1: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 2: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 3: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 4: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 5: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 6: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 7: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 8: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 9: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 10: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 11: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 12: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 13: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 14: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 15: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 16: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 17: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 18: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 19: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 20: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 21: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 22: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 23: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 24: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 25: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 26: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 27: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 28: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 29: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 30: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 31: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 32: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 33: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Photo 34: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156215
Bedrooms:
2
Bathrooms:
2
Year Built:
2021
This top-floor, west-facing condo presents a high-end living experience with crisp white interiors and is well-complimented by low condo fees. Featuring 2 bedrooms and 2 bathrooms, this home is designed with thoughtful finishes, offers exceptional conveniences right at the building's doorstep, and boasts excellent construction quality including a hailstorm-resistant stucco and Hardie board exterior and noise-reducing triple-glazed windows. The kitchen is equipped with upgraded stainless steel Whirlpool appliances, including an electric range and built-in microwave. It boasts quartz countertops, a full-height ceramic tile backsplash, and a large island with an extended eating bar. The sleek combination of black and white cabinetry reaches the ceiling, providing ample storage plus a full-sized pantry. Additional details include a Broan hood fan vented to the exterior, brushed brass hardware, and a Blanco double basin under-mount stainless steel sink with a Delta chrome finish faucet. The open layout maximizes natural light from the west-facing balcony, which includes a BBQ gas line and sconce lighting to enjoy this extended living space late into the evenings. Wide Luxury Vinyl Plank flooring runs throughout the main living areas, complete with carpet in both bedrooms for added comfort. The primary bedroom features a walk-in closet and a three-piece ensuite with modern finishes, including a walk-in shower with a sliding glass door. The full bath is well positioned off the living space and offers a soaker tub; both bathrooms feature rain showerheads, full cabinet-width mirrors, quartz counters to match the kitchen, and built-in medicine cabinets for extra storage. The second bedroom, which could also serve as a home office, is privately situated beyond the laundry cabinet and full bath. Additional features include a front-load washer and dryer, a coat closet at the entry, common bike storage, an oversized corner and titled underground parking stall close to the entry door, and a titled storage locker. For your comfort, the unit is heated by radiant baseboards from the building’s boiler system, which is both more comfortable and affordable than the drying effects of electric heat. Located in Sage Hill, this condo is steps away from walking paths, coffee shops, fitness facilities, groceries, parks, and top schools. It also offers easy access to the all-connecting Calgary Ring Road, Deerfoot, and is just 20 minutes from the airport.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
685.76 sq. ft.
Main Level Finished Area:
685.76 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$308.56
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Interior Maintenance, Parking, Professional Management, Reserve Fund Contributions, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southwest, West
Floor Location:
Top
Entry Level:
5
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls, No One Above
Total Rooms Above Grade:
4
Year built:
2021 (Age: 3)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2111339
Heating:
Baseboard, Boiler, Natural Gas, Radiant
New Constr.:
No
Construction Material:
Cement Fiber Board, Concrete, Stone, Wood Frame
Structure Type:
High Rise (5+ stories)
Roof:
Flat, Rubber
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None, Wall/Window Unit(s), Window Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Additional Parking, Heated Garage, Oversized, Parkade, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Main Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Sage Hill
Bicycle Storage, Elevator(s), Parking, Secured Parking, Snow Removal, Storage, Trash, Visitor Parking
Dishwasher, Electric Range, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
All furniture is included in the purchase price, if desired.
Pet Restrictions or Board approval Required
Restrictions, Cats OK, Dogs OK, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
17'2" × 12'
Main Floor
Living Room
12' × 10'1"
Main Floor
Balcony
9' × 6'3"
Main Floor
Laundry
4'10" × 3'3"
Main Floor
Bedroom - Primary
10'9" × 10'
Main Floor
Bedroom
9'9" × 8'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 8'7"
Main Floor
Yes
3
5' x 8'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Closet Organizers, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Soaking Tub, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line, Lighting
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone N
Zoning:
C-C2 f0.5h18
Listed Date:
Aug 08, 2024
Days on Mkt:
  • Photo 1: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Exterior of Q in Sage Hill Quarter
  • Photo 2: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen with pull-up dining
  • Photo 3: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen with black and white cabinetry combination and brushed brass cabinet pulls
  • Photo 4: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen island with upgraded stainless steal appliance package
  • Photo 5: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen island looking at full bath entry, laundry closet and second bedroom sliding door
  • Photo 6: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Living room with recessed lighting and knock-down ceiling finish
  • Photo 7: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Primary bedroom with ample natural light
  • Photo 8: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    West-facing primary bedroom
  • Photo 9: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Primary bedroom facing walk-in closet and ensuite bath
  • Photo 10: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Primary bedroom ensuite bath with walk-in shower and cabinet width mirror
  • Photo 11: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Secondary bedroom with ceiling mounted lighting and soft carpet
  • Photo 12: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen with dual suspended island lighting
  • Photo 13: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen
  • Photo 14: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Kitchen
  • Photo 15: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Living room facing balcony
  • Photo 16: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Stacked Washer/Dryer Closet with additional storage
  • Photo 17: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Full bath off the kitchen
  • Photo 18: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    West-facing balcony
  • Photo 19: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Entry with Pantry and Coat Closet
  • Photo 20: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    West-facing private balcony views
  • Photo 21: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    West-facing private balcony views
  • Photo 22: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    West-facing private balcony views
  • Photo 23: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    West-facing private balcony views
  • Photo 24: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Titled Parking Stall
  • Photo 25: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Titled Storage Locker
  • Photo 26: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
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  • Photo 27: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
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  • Photo 29: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
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  • Photo 33: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
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  • Photo 34: 505 138 Sage Valley Common NW in Calgary: Sage Hill Apartment for sale : MLS®# A2156215
    Photo 34 of 34
Listed by Sotheby's International Realty Canada
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
104
Avg list price:
$392,450
Min list price:
$269,500
Max list price:
$1,224,900
Avg days on market:
40
Min days on market:
2
Max days on market:
156
Avg price per sq.ft.:
$436.68
These statistics are generated based on the current listing's property type and located in Sage Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706