NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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4 2020 16 Avenue NW
Banff Trail Calgary T2M 0S7

$199,900
Residential beds: 2 baths: 1.0 750 sq. ft. built: 1958

Main Photo: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 1: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 2: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 3: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 4: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 5: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 6: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 7: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
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Photo 11: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 12: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 13: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 14: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 15: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 16: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 17: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Photo 18: 4 2020 16 Avenue NW in Calgary: Banff Trail Apartment for sale : MLS®# A2162479
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162479
Bedrooms:
2
Bathrooms:
1
Year Built:
1958
*OPEN HOUSE SUNDAY SEPTEMBER 8. 11am - 1pm. *Fabulous opportunity to get into home ownership. Amazing location just minutes to SAIT, University of Calgary, Foothills Hospital, C-train station and North Hill shopping mall. This 2 Bedroom south facing corner unit features good sized bedrooms, large living room, dining room with access to Balcony. Kitchen has quartz countertops, newer appliances. Freshly painted bathroom with new countertop and cabinets. Amenities in building include secure storage, laundry with smart card access(no coins), assigned parking with plug-ins. Condo fees include all utilities except Electricity. Very well managed building. Why rent when you can own this lovely condo? Call now to view!
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:
750 sq. ft.
Main Level Finished Area:
750 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$602.00
Condo Fee Includes:
Heat, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
2
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1958 (Age: 66)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
7410518
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Brick
Structure Type:
Low Rise (2-4 stories)
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Condo Fee Frequency:
Monthly
Z-name Not Listed
Banff Trail
Coin Laundry, Parking, Storage
Electric Stove, Refrigerator, Window Coverings
NA
Pet Restrictions or Board approval Required, Restrictive Covenant-Building Design/Size
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
9'5" × 5'4"
Main Floor
Dining Room
10' × 7'
Main Floor
Living Room
19'8" × 11'1"
Main Floor
Bedroom
9'9" × 9'6"
Main Floor
Bedroom
12' × 9'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
9'1" x 4'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Open Floorplan, See Remarks
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
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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Listed by RE/MAX Realty Professionals
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,034,500
Min list price:
$199,900
Max list price:
$2,150,000
Avg days on market:
30
Min days on market:
1
Max days on market:
76
Avg price per sq.ft.:
$641.95
These statistics are generated based on the current listing's property type and located in Banff Trail. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706