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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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103 2130 17 Street SW
Bankview Calgary T2T 4M4

$199,900
Residential beds: 2 baths: 1.0 447 sq. ft. built: 1979

Main Photo: 103 2130 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2161655
Photo 1: 103 2130 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2161655
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Photo 35: 103 2130 17 Street SW in Calgary: Bankview Apartment for sale : MLS®# A2161655
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161655
Bedrooms:
2
Bathrooms:
1
Year Built:
1979
Urban Living Meets Style and Convenience on Calgary’s 17th Avenue – Red Mile! Discover the perfect blend of modern design and inner-city charm in this exclusive condominium located in the heart of Calgary’s sought-after 17th Avenue, famously known as the "Red Mile." Whether you’re a first-time buyer or an investor, this property offers everything you need for efficient and stylish living. Aka good things come in small packages! This place is small, but works! The unit is truly one-of-a-kind, being the only one in the building with its own private walk-out, offering convenient outdoor access and an enhanced sense of space. The building provides added convenience with use of a washer and dryer, located just steps from your door. Inside, the kitchen is thoughtfully designed with sleek European-style appliances and modern finishes, perfect for those who value both form and function. The open living area is bright and versatile, providing ample room for relaxation, entertaining, or creating your ideal work-from-home setup. The layout includes three rooms, with the previous owner utilizing the front room as a cozy office, while the other rooms function as bedrooms, making the possibilities for use endless. Additionally, one of the bedrooms is windowless, offering an ideal sleeping environment for shift workers who need uninterrupted rest during the day. Affordability and convenience are further enhanced with low monthly condo fees totaling $440, which include a leased parking stall, with the option for additional parking at just $40 per month. Located in the vibrant neighborhood of Bankview, you’ll be surrounded by trendy restaurants, boutique shops, and lively entertainment just steps from your door. For those who enjoy staying active, a free public tennis court is just up the street, adding to the appeal of this prime location. This condominium is perfect for those seeking a low-maintenance lifestyle in one of Calgary’s most desirable areas. Whether you're looking to make it your own or invest in a high-demand rental property, this home offers unmatched value and a unique opportunity to experience urban living at its finest. Created rending with virtual furniture included on the photos. Don’t miss your chance to own a piece of Calgary’s iconic Red Mile—schedule a viewing today!
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:
446.7 sq. ft.
Main Level Finished Area:
446.7 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$440.00
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Maintenance Grounds, Professional Management, Residential Manager, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
1979 (Age: 45)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0012850
Heating:
Baseboard, Electric
New Constr.:
No
Construction Material:
Stone, Wood Frame, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Alley Access, Carport, Common, Covered, Off Street, On Street, Outside, Parking Lot, Paved, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Common Area, In Hall
Condo Fee Frequency:
Monthly
City View Apartments
Bankview (Calgary)
Coin Laundry, Elevator(s), Fitness Center, Laundry, Other, Parking, Recreation Room, Snow Removal, Trash
Bar Fridge, Electric Cooktop, Microwave Hood Fan, Window Coverings
2 Bar Fridges, 2 Fobs
Pet Restrictions or Board approval Required, Pets Allowed
Yes
Floor
Type
Size
Other
Main Floor
Kitchen
9' × 4'9"
Main Floor
Living Room
18'3" × 8'7"
Main Floor
Bedroom - Primary
9'9" × 6'4"
Main Floor
Bedroom
7'5" × 6'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'8"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, No Animal Home, No Smoking Home, Quartz Counters, See Remarks, Separate Entrance
Exterior Features:
Other
Patio And Porch Features:
Enclosed, Glass Enclosed, Terrace
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Sep 06, 2024
Days on Mkt:
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    Super functional space endless possibliities
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    Private Entry to unit
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    Access office private to your unit
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    Games Room
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    elevator
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    back covered parking
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    Calgary's best eateries
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    Laundry is free with building for the unit owners
Listed by Tink
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
40
Avg list price:
$419,950
Min list price:
$179,900
Max list price:
$1,895,000
Avg days on market:
28
Min days on market:
1
Max days on market:
145
Avg price per sq.ft.:
$436.52
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