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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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1902 9803 24 Street SW
Oakridge Calgary T2V 4L2

$378,500
Residential beds: 3 baths: 2.0 1,293 sq. ft. built: 1969

Main Photo: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 1: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 2: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 3: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 4: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 5: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 6: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
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Photo 38: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Photo 39: 1902 9803 24 Street SW in Calgary: Oakridge Row/Townhouse for sale : MLS®# A2162201
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162201
Bedrooms:
3
Bathrooms:
2
Year Built:
1969
Welcome to this charming townhouse located in the peaceful and quiet neighborhood of Oakridge! If you're looking for a home just a 5-minute walk along a scenic path to one of the city's top public schools—Louis Riel School, offering Grades 1-9—this townhouse is a must-see. This beautifully maintained home features 3 bedrooms, 1.5 bathrooms, and spacious living areas. The main floor offers a large living room, a convenient half-bathroom, and a dining room that connects to a kitchen with ample space, perfect for a chef’s dream. Upstairs, you’ll find three bedrooms and a full bathroom, including a master bedroom with a large closet. Outside, the private yard is ideal for lounging and gardening. Plus, the community’s vast greenspace is perfect for nature lovers and bikers.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,292.6 sq. ft.
Main Level Finished Area:
350.5 sq. ft.
Upper Level Finished Area:
664.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
277.3 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$588.75
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions
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:
South
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1969 (Age: 55)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
7410875
Heating:
Forced Air, Natural Gas
Basement:
Partial, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Wood Frame, Wood Siding
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Oakridge Gardens
Oakridge
Park, Playground
Electric Range, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Yes
Floor
Type
Size
Other
Main Floor
Kitchen
12'1" × 8'10"
Main Floor
Dining Room
10'2" × 7'6"
Upper Level
Bedroom - Primary
16'11" × 11'3"
2nd Floor
Bedroom
9'11" × 9'10"
2nd Floor
Bedroom
11'4" × 9'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'7" x 6'3"
2nd Floor
No
4
5' x 8'11"
Title to Land:
Fee Simple
Community Features:
Sidewalks, Street Lights
Interior Features:
No Animal Home
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Lawn
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-CG d44
Listed Date:
Sep 02, 2024
Days on Mkt:
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Listed by Skyrock
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$478,500
Min list price:
$293,900
Max list price:
$1,550,000
Avg days on market:
14
Min days on market:
6
Max days on market:
105
Avg price per sq.ft.:
$342.33
These statistics are generated based on the current listing's property type and located in Oakridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706