NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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217 955 Mcpherson Road NE
Bridgeland/Riverside Calgary T2E 6V3

$349,900
Residential beds: 1 baths: 1.0 626 sq. ft. built: 2013

Main Photo: 217 955 Mcpherson Road NE in Calgary: Bridgeland/Riverside Apartment for sale : MLS®# A2160924
Photo 1: 217 955 Mcpherson Road NE in Calgary: Bridgeland/Riverside Apartment for sale : MLS®# A2160924
Photo 2: 217 955 Mcpherson Road NE in Calgary: Bridgeland/Riverside Apartment for sale : MLS®# A2160924
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Photo 4: 217 955 Mcpherson Road NE in Calgary: Bridgeland/Riverside Apartment for sale : MLS®# A2160924
Photo 5: 217 955 Mcpherson Road NE in Calgary: Bridgeland/Riverside Apartment for sale : MLS®# A2160924
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Photo 38: 217 955 Mcpherson Road NE in Calgary: Bridgeland/Riverside Apartment for sale : MLS®# A2160924
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160924
Bedrooms:
1
Bathrooms:
1
Year Built:
2013
For more information, please click on Brochure button below. McPherson Place is a beautiful large (626 sf) 1 bedroom condominium unit located in the desirable Bridgeland neighborhood of downtown Calgary. Constructed of poured concrete, the 11 year old building has no structural problems unlike many of the potential downtown high rise buildings. The inside is in very good shape with fresh paint in the living room, bedroom and closet. New carpet has been installed in the bedroom. The large dining area (7'10"x6') can accommodate a murphy bed that converts into a table. In-suite washer/dryer included. Included is a titled large handicap-sized (158”wide vs 103”wide) heated underground parking stall located next to the 2 elevators. The north-facing unit is cool in the summer. The large balcony overlooks the green area on quiet McPherson Road. With a peak-a-boo view of Murdoch Park, the unit is within steps of large Murdoch Park. The Bow Riverside walkway is accessible via a pedestrian overpass across the street from the south side of the building. The walkway also takes you to the Calgary Bridgeland/Memorial light rail station. The light rail station goes a long way towards potentially eliminating the need for an expensive automobile. The neighborhood is well kept and includes a fitness center across the street. Restaurants abound. Two off-leash dog parks are within walking distance. An enclosed dog-run is located on the west side of the property next to the west exit making those morning winter walks very convenient.
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:
626 sq. ft.
Main Level Finished Area:
626 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$456.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
2
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2013 (Age: 11)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1311010
Heating:
Central, Electric
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete, Mixed
Structure Type:
High Rise (5+ stories)
Roof:
Flat
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
McPherson Place
Bridgeland/Riverside
Dog Run, Laundry, Parking, Snow Removal
Dishwasher, Electric Oven, Microwave, Range Hood, Refrigerator, Stove(s), Washer/Dryer
n/a
Pet Restrictions or Board approval Required, Restrictive Covenant-Building Design/Size, Utility Right Of Way
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
11'3" × 9'2"
Main Floor
Living Room
14'10" × 11'2"
Main Floor
Dining Room
7'10" × 6'
Main Floor
Bedroom - Primary
12'11" × 11'3"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Elevator, Granite Counters, Kitchen Island, No Smoking Home, Open Floorplan, Vinyl Windows, Walk-In Closet(s), Wired for Data
Exterior Features:
Dog Run, Uncovered Courtyard
Patio And Porch Features:
Balcony(s)
Lot Features:
Dog Run Fenced In, Lawn, Garden, Greenbelt, Underground Sprinklers, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R1
Listed Date:
Aug 27, 2024
Days on Mkt:
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Listed by Easy List Realty
Data was last updated September 20, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
50
Avg list price:
$439,950
Min list price:
$199,000
Max list price:
$2,999,900
Avg days on market:
33
Min days on market:
1
Max days on market:
142
Avg price per sq.ft.:
$558.21
These statistics are generated based on the current listing's property type and located in Bridgeland/Riverside. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706