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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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NEXT Open House details
Sep 22, 2024 02:00 PM - 04:00 PM MDT

102 1931 25A Street SW
Killarney/Glengarry Calgary T3E 1Y6

$335,000
Residential beds: 2 baths: 1.0 875 sq. ft. built: 1993

Main Photo: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 1: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 2: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 3: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 4: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 5: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 6: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 7: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 8: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 9: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 10: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 11: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 12: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 13: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 14: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 15: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 16: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 17: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 18: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 19: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 20: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 21: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 22: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 23: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 24: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Photo 25: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
Open House - Sep 22, 2024
02:00 PM - 04:00 PM MDT
NOTES: Open House on Sunday, September 22, 2024 2:00PM - 4:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160945
Bedrooms:
2
Bathrooms:
1
Year Built:
1993
Open House Sunday September 22 2-4PM. Welcome to Inner city living in Killarney/Glengarry. This fully renovated 2 bed 1 bath main floor apartment offers a bright, open plan main living area. The functional kitchen featuring granite countertops, has an abundance of cupboards and newer stainless steel appliances. The spacious living area is highlighted with a cozy gas fireplace and opens to a sunny East facing patio. The large primary bedroom, boasting double closet doors and plenty of natural light floods through large windows. The second bedroom offers a home office or guest room. An upgraded 4-piece main bathroom is conveniently located by the kitchen and bedrooms. In-suite laundry/utility room is equipped with an oversized-sized washer and dryer and provides some storage. Two separate entrances enhances accessibility to the condo. Steps to Killarney Pool & Rec. Centre, 26th Street LRT Station, easy access to downtown making. Unit has own furnace and hot water tank. Assigned parking stall located next to the building. Immediate possession available.
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:
875 sq. ft.
Main Level Finished Area:
875 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$372.08
Condo Fee Includes:
Amenities of HOA/Condo, Caretaker, Common Area Maintenance, Insurance, Parking, Reserve Fund Contributions, Snow Removal, Trash
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:
Ground
Entry Level:
1
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1993 (Age: 31)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9210465
Heating:
Forced Air, Natural Gas
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Assigned, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
The Sands
Killarney/Glengarry
None
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
n/a
Condo/Strata Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
13'9" × 9'4"
Main Floor
Living Room
16'2" × 15'8"
Main Floor
Bedroom - Primary
13'2" × 11'7"
Main Floor
Bedroom
10'5" × 9'11"
Main Floor
Furnace/Utility Room
9'11" × 5'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
9'1" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s), Granite Counters, Kitchen Island, Vinyl Windows
Exterior Features:
None
Patio And Porch Features:
Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C1
Listed Date:
Aug 30, 2024
Days on Mkt:
  • Photo 1: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 1 of 25
  • Photo 2: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Patio
  • Photo 3: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Open plan main living area
  • Photo 4: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Living room w wood burning fireplace
  • Photo 5: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 5 of 25
  • Photo 6: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Living room
  • Photo 7: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 7 of 25
  • Photo 8: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 8 of 25
  • Photo 9: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Centre Island
  • Photo 10: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Kitchen w island
  • Photo 11: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Kitchen
  • Photo 12: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Stainless steel appliances
  • Photo 13: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Granite counters
  • Photo 14: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 14 of 25
  • Photo 15: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Island w pendant lights & granite counters
  • Photo 16: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    4 pce bath
  • Photo 17: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    2nd bedroom
  • Photo 18: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 18 of 25
  • Photo 19: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Primary w ceiling fan
  • Photo 20: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Primary bedroom
  • Photo 21: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 21 of 25
  • Photo 22: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Hallway to main living area
  • Photo 23: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Laundry/utility room
  • Photo 24: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 24 of 25
  • Photo 25: 102 1931 25A Street SW in Calgary: Killarney/Glengarry Apartment for sale : MLS®# A2160945
    Photo 25 of 25
Listed by Sotheby's International Realty Canada
Data was last updated September 20, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$837,450
Min list price:
$230,000
Max list price:
$1,279,000
Avg days on market:
20
Min days on market:
1
Max days on market:
98
Avg price per sq.ft.:
$492.36
These statistics are generated based on the current listing's property type and located in Killarney/Glengarry. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706