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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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4306 155 Skyview Ranch Way NE
Skyview Ranch Calgary T3N 0L4

$300,000
Residential beds: 2 baths: 2.0 844 sq. ft. built: 2011

Welcome to unit 4306, 155 Skyview Ranch Way NE!
Photo 1: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 2: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 3: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 4: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 5: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 6: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 7: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 8: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 9: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 10: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 11: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 12: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 13: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 14: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 15: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 16: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 17: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Photo 18: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162434
Bedrooms:
2
Bathrooms:
2
Year Built:
2011
Find out why Skyview Ranch is a great place to call home! This 2-bedroom, 2-bathroom third-floor unit in SkyWest built by Truman Homes is close to shopping, schools, major roads, and Calgary's bustling international airport. There is a lot to love about this condo. It has just been repainted and has updated vinyl plank flooring. The kitchen features stainless steel appliances, stone counters, and a large eating bar and is open to both the dining area and the spacious living room. The primary bedroom has a 4-piece ensuite and double closets. The second bedroom is found on the other side of the unit (perfect for roommates) as is the second 4-piece bathroom. Rounding out this great condo is a large storage room in the unit and titled underground parking with a storage cage. The building itself is well-kept with reasonable condo fees and free visitor parking. Don't miss out - book a showing 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:
844.42 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$406.01
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Water
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2011 (Age: 13)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1311203
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Main Level
HOA Fee:
$78.75
Condo Fee Frequency:
Monthly
SkyWest Condominiums
Skyview Ranch
Elevator(s), Other, Parking, Visitor Parking
Dishwasher, Dryer, Microwave Hood Fan, Oven, Refrigerator, Washer
n/a
Pet Restrictions or Board approval Required, Pets Allowed
Yes
Floor
Type
Size
Other
Main Floor
Entrance
7'3" × 4'7"
Main Floor
Kitchen
10'6" × 9'
Main Floor
Dining Room
8' × 8'
Main Floor
Living Room
11'6" × 10'4"
Main Floor
Bedroom - Primary
11'10" × 10'7"
Main Floor
Bedroom
10'7" × 9'7"
Main Floor
Storage
8'4" × 4'5"
Main Floor
Laundry
3'6" × 3'5"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'2" x 4'11"
Main Floor
No
4
8'4" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar, Stone Counters, Storage
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-2
Listed Date:
Sep 03, 2024
Days on Mkt:
  • Photo 1: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Welcome to unit 4306, 155 Skyview Ranch Way NE!
  • Photo 2: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    There is updated vinyl plank flooring throughout the main living areas
  • Photo 3: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 3 of 18
  • Photo 4: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 4 of 18
  • Photo 5: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 5 of 18
  • Photo 6: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 6 of 18
  • Photo 7: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    The primary bedroom can accommodate a king-sized bed
  • Photo 8: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 8 of 18
  • Photo 9: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    4-piece ensuite
  • Photo 10: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Well-sized second bedroom on the opposite side of the unit from the primary bedroom
  • Photo 11: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 11 of 18
  • Photo 12: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 12 of 18
  • Photo 13: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Convenient in-suite laundry
  • Photo 14: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Spacious storage area - or use the computer Gamer in your life
  • Photo 15: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    The large covered balcony has a BBQ gas line
  • Photo 16: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 16 of 18
  • Photo 17: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 17 of 18
  • Photo 18: 4306 155 Skyview Ranch Way NE in Calgary: Skyview Ranch Apartment for sale : MLS®# A2162434
    Photo 18 of 18
Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
117
Avg list price:
$355,900
Min list price:
$234,900
Max list price:
$890,000
Avg days on market:
38
Min days on market:
1
Max days on market:
162
Avg price per sq.ft.:
$390.68
These statistics are generated based on the current listing's property type and located in Skyview Ranch. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706