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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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210 1800 14A Street SW
Bankview Calgary T2T 6K3

$449,000
Residential beds: 2 baths: 2.0 899 sq. ft. built: 2003

Main Photo: 210 1800 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2161336
Photo 1: 210 1800 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2161336
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Photo 26: 210 1800 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2161336
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161336
Bedrooms:
2
Bathrooms:
2
Year Built:
2003
Amazing Bankview location with City views!! Steps from an abundance of downtown activities you’ll find Bella Vista, a beautiful, well run building where you will find this particular unit - a spacious 2 bedroom, 2 bathroom unit that has undergone a beautiful transformation! The kitchen has been fully renovated from top to bottom with gleaming quartz counters, trendy grey toned cabinets & ample counter space. Open concept kitchen that looks over the living room & family room where you will find a cozy gas fireplace & access to a huge balcony. 2 large bedrooms including the primary bedroom offers a double walk through closet and convenient 3 pc ensuite. A second 4 pc bathroom is located directly beside the second bedroom. This unit also comes with in suite laundry, storage & an assigned parking stall. Get in touch today & make this beauty your own!
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:
899.2 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$580.22
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2003 (Age: 21)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0213865
Heating:
In Floor
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Bella Vista
Bankview (Calgary)
Visitor Parking
Dishwasher, Dryer, Range Hood, Refrigerator, Stove(s), Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
11'5" × 7'11"
Main Floor
Dining Room
13' × 7'2"
Main Floor
Kitchen
13'4" × 7'6"
Main Floor
Laundry
9'10" × 6'3"
Main Floor
Living Room
14'2" × 10'1"
Main Floor
Bedroom - Primary
11'10" × 11'3"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
11'10" x 5'10"
Main Floor
No
4
9'1" x 4'11"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Closet Organizers, High Ceilings, Open Floorplan, See Remarks, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
C-COR1 f3.0h20
Listed Date:
Aug 29, 2024
Days on Mkt:
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Virtual Tour

Listed by eXp Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$436,950
Min list price:
$190,000
Max list price:
$2,378,000
Avg days on market:
38
Min days on market:
3
Max days on market:
195
Avg price per sq.ft.:
$414.63
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706