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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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19645 48 Street SE
Seton Calgary T3M 3T9

$259,700
Residential beds: 1 baths: 1.0 488 sq. ft. built: 2023

Main Photo: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 1: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 2: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 3: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 4: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 5: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 6: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 7: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 8: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 9: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 10: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 11: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 12: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 13: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 14: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 15: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 16: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 17: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 18: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 19: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 20: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 21: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 22: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 23: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Photo 24: 19645 48 Street SE in Calgary: Seton Row/Townhouse for sale : MLS®# A2161314
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161314
Bedrooms:
1
Bathrooms:
1
Year Built:
2023
State of the Art" very beautiful, cozy property. 1 bedroom & 1 bathroom. In unit laundry, furnace & Hot Water Tank. 1 modern kitchen. Attached 1 assigned parking. 3-piece bathroom, large living area. Prominent location close to YMCA, Seton Health Campus/Hospital, retail commercial places, medical clinics, daycare, pharmacy, grocery stores & other retail stores. Close proximity of future school, play grounds, shopping complex, Calgary International airport, shopping malls, retail centers, downtown and many more. Plenty of windows creating a bright and vibrant ambience inside the house with lots of natural light & fresh air in spring/summer/fall-winter days. Beautiful kitchen with good cabinets and stainless-steel appliances. Come and feel this beautiful house which can be touched, seen, observed, and felt. Excellent opportunity to own this house for self use or investment purposes. Ideal for first time home buyers, investors & young families with kids. Come on in and experience yourself, “WARM WELCOME”!!!!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Stacked Townhouse
Total Living Area:
488 sq. ft.
Main Level Finished Area:
488 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$128.13
Condo Fee Includes:
Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
HOA Fee Frequency:
Annually
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:
Northeast
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2023 (Age: 1)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2310304
Heating:
Forced Air
Basement:
None
Foundation:
Slab
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall, Titled
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$375.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Park, Parking, Playground, Recreation Facilities, Snow Removal
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
n/a
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
11'5" × 10'
Main Floor
Kitchen
9'9" × 9'3"
Main Floor
Laundry
6'7" × 3'10"
Main Floor
Furnace/Utility Room
3'10" × 3'
Main Floor
Bedroom - Primary
11' × 9'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 8'7"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home, Quartz Counters
Exterior Features:
Private Entrance
Patio And Porch Features:
Patio
Lot Features:
Other
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Sep 17, 2024
Days on Mkt:
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Listed by SkaiRise Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$484,010
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
27
Min days on market:
5
Max days on market:
157
Avg price per sq.ft.:
$426.07
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706