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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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2723 15 Avenue
Albert Park/Radisson Heights Calgary T2A 0L8

$499,999
Residential beds: 5 baths: 3.0 956 sq. ft. built: 2017

Main Photo: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 1: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 2: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 3: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 4: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 5: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 6: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 7: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 8: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 9: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 10: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 11: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 12: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 13: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 14: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 15: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 16: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 17: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 18: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 19: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 20: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 21: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 22: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 23: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 24: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 25: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 26: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Photo 27: 2723 15 Avenue in Calgary: Albert Park/Radisson Heights Semi Detached (Half Duplex) for sale : MLS®# A2161541
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161541
Bedrooms:
5
Bathrooms:
3
Year Built:
2017
Absolutely, it sounds like a fantastic opportunity to be a part of the thriving community of Albert Park! The charm of this duplex with its front entrance, coupled with the convenience of its location, makes it an appealing choice for homeowners or investors. With a total of 955 square feet on the main floor and an additional 907 square feet in the illegal basement suite, there's plenty of room to tailor the space to suit individual lifestyle needs. It seems like an ideal property for those looking for both comfort and convenience in a sought-after neighborhood. Having three generously sized bedrooms and two bathrooms on the main floor further enhances the appeal and functionality of this property. It offers even more space for family members or guests to enjoy their own private retreats while providing convenience and comfort. With multiple bedrooms, there's flexibility in how the space can be utilized, whether it's for a growing family, hosting guests, or creating a dedicated home office or hobby room. The basement's setup with two additional bedrooms and a full bathroom adds significant versatility to the property. It provides ample space for extended family members, guests, or even tenants if the basement is utilized as a separate living unit. Indeed, with its ample space, convenient layout, and desirable features, this home offers a rare combination of comfort and convenience. Whether you're looking for a spacious residence for your family or considering an investment opportunity, this property in Albert Park presents an enticing option. Don't miss out on the chance to make this your new home and experience the best of inner-city living. Schedule a viewing today and seize the opportunity to discover all that this home has to offer!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level, Side by Side
Total Living Area:
955.94 sq. ft.
Main Level Finished Area:
955.94 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
907.24 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,000 sq. ft.
Lot Frontage:
25'
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:
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
2017 (Age: 7)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
4946T
Heating:
Forced Air
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level, Other
Albert Park/Radisson Heights
Dishwasher, Electric Cooktop, Microwave, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'10" × 10'11"
Main Floor
Bedroom
10' × 9'2"
Main Floor
Bedroom
11'4" × 8'
Main Floor
Kitchen
9'1" × 7'8"
Basement
Bedroom
12'3" × 10'9"
Basement
Bedroom
12' × 9'1"
Basement
Living Room
24'7" × 19'7"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
5'8" x 8'6"
Main Floor
No
4
10'9" x 5'8"
Basement
No
4
5'1" x 8'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island, Pantry, Primary Downstairs
Exterior Features:
Lighting, Private Entrance
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-CG
Listed Date:
Aug 28, 2024
Days on Mkt:
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Listed by Royal LePage METRO
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$549,400
Min list price:
$289,900
Max list price:
$849,900
Avg days on market:
46
Min days on market:
2
Max days on market:
100
Avg price per sq.ft.:
$429.61
These statistics are generated based on the current listing's property type and located in Albert Park/Radisson Heights. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706