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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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302 1731 9A Street SW
Lower Mount Royal Calgary T2T 3E7

$420,000
Residential beds: 2 baths: 2.0 1,105 sq. ft. built: 1982

Street View
Photo 1: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 2: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 3: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 4: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 5: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 6: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 7: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 8: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 9: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 10: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 11: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 12: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 13: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 14: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 15: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 16: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 17: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 18: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 19: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 20: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 21: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 22: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 23: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 24: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 25: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 26: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 27: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 28: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 29: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 30: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 31: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 32: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Photo 33: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160321
Bedrooms:
2
Bathrooms:
2
Year Built:
1982
Nestled on the 3rd floor amongst mature trees and a pleasant streetscape sits this sophisticated 2 bedroom suite, in desirable Rockland Place. Located on the NE end of the building, this end unit offers an abundance of natural light in the principal areas due to the large windows on 2 sides. Step in, take off your shoes and enter the main living area with well designed kitchen with large centre island, beautiful cabinetry and stainless steel appliances. Day to day living and entertaining are a breeze as the kitchen is adjacent the dining area and overlooks the spacious living room. A focal point of this space is the lovely woodburing fireplace (with log lighter) and sliding door to a private east facing deck. The bedrooms are situated away from the main living area, providing privacy. The principal bedroom is oversized and offers a large walk through closet to a 4 piece ensuite. The 2nd bedroom is inviting and comfortable and is mere steps away from the 3 piece bathroom. A nicely sized laundry room rounds out the space. Enjoy the convenience of a heated, secure underground parking stall and a well sized storage locker. Located in desirable Lower Mount Royal, you have access to many popular eating establishments, boutiques, bars and coffee shops; all while enjoying the peaceful locale of this mature and quiet street. This boutique style building experiences low turnover, so ensure that you book your appointment to view it soon!
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:
1,104.72 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$761.35
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, 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:
Northeast
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, End Unit
Total Rooms Above Grade:
6
Year built:
1982 (Age: 42)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8410341
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas Starter, Wood Burning
Garage:
0
Parking:
Assigned, Parkade
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Lower Mount Royal
Bicycle Storage, Elevator(s), Storage
Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer
T.V. Bracket in Living Room
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Foyer
6'2" × 5'4"
Main Floor
Kitchen
10'10" × 8'2"
Main Floor
Laundry
5'11" × 5'5"
Main Floor
Dining Room
11'9" × 8'2"
Main Floor
Living Room
18'5" × 16'2"
Main Floor
Bedroom
13'6" × 11'4"
Main Floor
Bedroom - Primary
20'11" × 10'9"
Main Floor
Balcony
16'9" × 6'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'8" x 9'6"
Main Floor
Yes
4
5'5" x 7'11"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Built-in Features, Closet Organizers, Granite Counters, Kitchen Island, Storage, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Sep 03, 2024
Days on Mkt:
  • Photo 1: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Street View
  • Photo 2: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Entrance
  • Photo 3: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Front Foyer
  • Photo 4: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Front Hallway
  • Photo 5: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Living Room
  • Photo 6: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Fireplace
  • Photo 7: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Kitchen
  • Photo 8: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Breakfast Bar
  • Photo 9: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Kitchen
  • Photo 10: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Kitchen
  • Photo 11: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Kitchen
  • Photo 12: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Kitchen
  • Photo 13: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Kitchen
  • Photo 14: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Dining Room
  • Photo 15: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Dining Room
  • Photo 16: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Dining Room
  • Photo 17: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Living Room
  • Photo 18: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Living Area
  • Photo 19: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Balcony
  • Photo 20: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Balcony
  • Photo 21: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Hallway
  • Photo 22: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Primary Bedroom
  • Photo 23: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Primary Bedroom
  • Photo 24: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Primary Bedroom
  • Photo 25: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Primary Bedroom
  • Photo 26: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Walk in Closet
  • Photo 27: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    4pc Ensuite
  • Photo 28: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Bedroom
  • Photo 29: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    3pc Bath
  • Photo 30: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    3pc Bath
  • Photo 31: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Laundry Room
  • Photo 32: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Laundry
  • Photo 33: 302 1731 9A Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2160321
    Floorplan

Virtual Tour

3D Tour

Virtual Tour

Listed by Real Estate Professionals Inc.
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$348,000
Min list price:
$183,900
Max list price:
$850,000
Avg days on market:
30
Min days on market:
1
Max days on market:
86
Avg price per sq.ft.:
$406.84
These statistics are generated based on the current listing's property type and located in Lower Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706