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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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301 330 26 Avenue SW
Mission Calgary T2S 2T3

$475,000
Residential beds: 2 baths: 2.0 1,474 sq. ft. built: 1978

Main Photo: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 1: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 2: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 3: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 4: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 5: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 6: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
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Photo 8: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
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Photo 21: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 22: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 23: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 24: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Photo 25: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156229
Bedrooms:
2
Bathrooms:
2
Year Built:
1978
Welcome to classic elegance and charm! Quiet, private bungalow condo in prestigious Roxboro House. TWO bedrooms, TWO full bathrooms, ONE distinctive address with a city VIEW. Spacious floorplan with welcoming entryway and generous coat closets. The custom kitchen, just a few steps into the condo, has neutral cabinetry and abundant cabinet space. The appliances are "hidden" behind beautifully crafted panels. The dining room can be made private with a frosted glass pocket door! Elegant idea! The living room boasts roomy seating areas for tv watching or relaxing, watching the world go by from the large bright windows. Down the hall you'll find the main bathroom with double size walk-in tile shower and upgraded countertops. This room contains full size Bosch washer/dryer. A den right across the hall could be set up as a third (guest) bedroom with a sofabed and then, when guests leave, could be used as a craft area, reading room or office space. The primary bedroom is plenty large enough for a king size bedroom set. Double closets have additional shelving and a convenient 4 piece ensuite bath. It's clean, bright and well maintained with tiled floors, upgraded tub and tiled surround. When you look out of the oversize window to the right side, you can see the mature trees along the river, the walking path and activity of the neighborhood. On this same floor, just down the hallway is the games room with a snooker/pool table, big screen tv, card tables and a library. Just one floor up is the amazing PRIVATE fourth floor garden patio, a one of a kind amenity in the entire city. There's a BBQ here for your use. Make sure you visit the 4th floor, it will take your breath away. The complex contains a swimming pool, hot tub and sauna on the main floor. In fact, when you drive up to the front door, you will see this area to your left through the large windows. The parking stall #137 is on this same level and no need to get into the elevator to access your car. In fact, the lobby is only 2 floors down and the stairway provides quick and easy access to and from the suite, you'll never have to use the elevators! Storage lockers are in a secure space in the basement level as well as a workshop and exercise room. If you'd rather exercise outside, the Elbow River and walking paths are just outside the main doors. The "Fourth Street" ambiance boasts quality restaurants, upscale wine, pharmacy and specialty stores. The "Lilac Festival" occurs here once a year. Guest suite on main floor. Quite simply, a quality of life like no other. Vacant and ready to be your next home! Please note that some photos are virtually staged. Realtors, please see member comments.
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:
1,474 sq. ft.
Main Level Finished Area:
1,474 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,289.00
Condo Fee Includes:
Amenities of HOA/Condo, Caretaker, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Security, Security Personnel, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
3
Stories Total:
18
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
1978 (Age: 46)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7810681
Heating:
Baseboard, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
Sep. HVAC Units
Fireplaces:
0
Garage:
0
Garage Spaces:
1
Parking:
Assigned, Heated Garage, Oversized, Parkade, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Roxboro House
Mission
Elevator(s), Fitness Center, Gazebo, Guest Suite, Indoor Pool, Parking, Party Room, Roof Deck, Secured Parking, Snow Removal, Spa/Hot Tub, Storage, Trash, Visitor Parking
Dishwasher, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
NOTE: appliances arrear to be in working condition but not warranted to be so. Sold where-is-as-is
Pets Not Allowed
No
Floor
Type
Size
Other
Main Floor
Living Room
23' × 12'2"
Main Floor
Dining Room
11'11" × 9'10"
Main Floor
Kitchen With Eating Area
9'11" × 9'7"
Main Floor
Den
15'9" × 10'4"
Main Floor
Bedroom - Primary
14'8" × 11'11"
Main Floor
Bedroom
15'1" × 10'10"
Main Floor
Storage
5'9" × 4'
Main Floor
Laundry
5'3" × 2'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
6'9" x 7'
Main Floor
No
3
5'7" x 9'
Title to Land:
Fee Simple
Community Features:
Park, Pool, Shopping Nearby, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Elevator, Granite Counters, Natural Woodwork, No Animal Home, No Smoking Home, Pantry, Recreation Facilities, See Remarks, Storage
Exterior Features:
Barbecue, Courtyard, Storage
Patio And Porch Features:
Balcony(s), Patio
Pool Features:
Pool/Spa Combo
Accessibility Features:
Accessible Bedroom, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Washer/Dryer, No Stairs/One Level
Num. of Parcels:
0
Outbuildings:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
C-COR1 f4.5h46
Listed Date:
Aug 09, 2024
Days on Mkt:
  • Photo 1: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
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  • Photo 4: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Living Room - Virtually staged
  • Photo 5: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Living Room - Virtually staged
  • Photo 6: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Den - Virtually staged
  • Photo 7: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Dining Room - Virtually Staged
  • Photo 8: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    View from living room
  • Photo 9: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Primary Bedroom - Virtually staged
  • Photo 10: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    2nd Bedroom - Virtually staged
  • Photo 11: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Main bathroom
  • Photo 12: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Laundry in main bath
  • Photo 13: 301 330 26 Avenue SW in Calgary: Mission Apartment for sale : MLS®# A2156229
    Ensuite bath
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    Spacious entry with abundant closet
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Listed by RE/MAX Real Estate (Central)
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$344,450
Min list price:
$219,900
Max list price:
$1,790,000
Avg days on market:
25
Min days on market:
2
Max days on market:
105
Avg price per sq.ft.:
$461.88
These statistics are generated based on the current listing's property type and located in Mission. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706