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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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1309 11 Avenue SE
Inglewood Calgary T2G 0Z6

$849,900
Residential beds: 5 baths: 3.0 1,270 sq. ft. built: 1905

Welcome to 1309 11th Ave SE
Photo 1: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 2: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 3: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 4: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 5: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 6: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 7: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 8: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 9: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 10: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 11: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 12: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 13: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 14: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 15: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 16: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 17: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 18: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 19: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 20: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 21: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 22: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 23: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 24: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 25: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 26: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 27: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 28: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 29: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 30: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 31: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 32: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 33: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 34: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 35: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 36: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 37: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 38: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 39: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Photo 40: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163363
Bedrooms:
5
Bathrooms:
3
Year Built:
1905
Welcome to this stunning modernized heritage home, nestled in the heart of vibrant Inglewood. This exceptional property features a legal Laneway Suite and an additional (illegal) Basement Suite, offering so much versatility and income potential. Extensively renovated, this charming character home boasts fully upgraded bathrooms and a spacious chef’s kitchen with butcher-block countertops, upgraded appliances, ample cabinet storage, and a beautiful ceramic single-bowl sink. The basement includes a full kitchen and two bedrooms, perfect for roommates or long-term guests, with newly upgraded laminate floors with in-floor radiant heating to keep warm and cozy throughout the winter. Enjoy the ambiance of a brightly-lit four-season sunroom that opens up to a large wooden deck and a private, picturesque south-facing backyard filled with mature trees and abundant garden space. The detached garage has been transformed into a legal one-bedroom Laneway Suite, designed for minimalist modern living and perfect as a guest suite, long-term rental, or Airbnb, providing additional income streams to help out with the mortgage. Located close to the Bow River Walk and historic Inglewood Main Street on 9th Ave, this home is within walking distance to many of Calgary’s premier boutique shops, top-rated restaurants, breweries, and cafes. Additionally, the new Green Line LRT station, planned to be built mere steps away, will further enhance the convenience of this incredible location.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
Bungalow
Total Living Area:
1,270.24 sq. ft.
Main Level Finished Area:
1,270.24 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
932.64 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
330 sq. ft.
Lot Frontage:
29'
Lot Details:
123' x 29
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:
Unit Exposure:
North
Levels:
One
Total Rooms Above Grade:
9
Year built:
1905 (Age: 119)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
A3
Heating:
In Floor, Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Brick/Mortar
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Driveway, Off Street
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement, In Unit, Multiple Locations
Inglewood
Dishwasher, Garburator, Microwave, Range, Refrigerator, Tankless Water Heater, Washer/Dryer, Window Coverings
All appliances in main floor, basement, and laneway suite. All furniture negotiable.
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
10'4" × 7'9"
Main Floor
Bedroom
10'5" × 7'8"
Main Floor
Dining Room
12'2" × 10'8"
Main Floor
Kitchen
18'8" × 10'9"
Main Floor
Living Room
18'10" × 11'3"
Main Floor
Sunroom/Solarium
13'8" × 5'9"
Main Floor
Bedroom
6'5" × 5'4"
Main Floor
Kitchen
9'10" × 6'7"
Main Floor
Living Room
12'10" × 10'2"
Basement
Bedroom
12'5" × 9'
Basement
Bedroom
12'4" × 9'1"
Basement
Kitchen
14'6" × 9'
Basement
Laundry
16'6" × 8'11"
Basement
Game Room
14'1" × 9'1"
Basement
Storage
9'5" × 9'2"
Basement
Furnace/Utility Room
3'3" × 3'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'7" x 9'3"
Main Floor
No
3
6'2" x 5'3"
Basement
No
4
6'10" x 9'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Shopping Nearby, Walking/Bike Paths
Interior Features:
No Smoking Home, Soaking Tub, Wood Counters
Exterior Features:
Fire Pit, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, City Lot, Fruit Trees/Shrub(s), Garden, Rectangular Lot
Num. of Parcels:
0
Outbuildings:
Bungalow
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Sep 06, 2024
Days on Mkt:
  • Photo 1: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Welcome to 1309 11th Ave SE
  • Photo 2: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Front entrance foyer leading in to the house provides weather protection
  • Photo 3: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 3 of 40
  • Photo 4: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    The house has been upgraded with modern touches
  • Photo 5: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Living room filled with lots of natural light
  • Photo 6: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Spacious dining room to host your guests
  • Photo 7: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 7 of 40
  • Photo 8: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Chef's kitchen with butcher-block counters
  • Photo 9: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Upgraded appliances with Fisher-Paykel dual-drawer dishwasher
  • Photo 10: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Bedroom 1 on main floor
  • Photo 11: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 11 of 40
  • Photo 12: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Bedroom 2 on main floor
  • Photo 13: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 13 of 40
  • Photo 14: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Fully renovated 4-pc. bathroom with soaker tub
  • Photo 15: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Brightly lit 4-season south-facing sunroom
  • Photo 16: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Entrance to the basement suite
  • Photo 17: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Upgraded washer/dryer and additional storage area
  • Photo 18: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Full kitchen in basement perfect for guests, long-term rental, or AirBNB
  • Photo 19: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Basement features upgraded floors with in-floor radiant heating throughout
  • Photo 20: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 20 of 40
  • Photo 21: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Living/Rec Room in the basement great for movies
  • Photo 22: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Fully renovated 4-pc bathroom in the basement
  • Photo 23: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Bedroom 3 in basement
  • Photo 24: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Bedroom 4 in basement
  • Photo 25: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    South-facing large wooden deck
  • Photo 26: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 26 of 40
  • Photo 27: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Private and picturesque backyard
  • Photo 28: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Cozy fireplace with mature trees and abundant garden space
  • Photo 29: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Let's check out the fully Legalized Laneway House
  • Photo 30: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Designed for minamilist modern living
  • Photo 31: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Laneway suite can serve as a guest suite, long-term rental, or an AirBNB
  • Photo 32: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    No expense spared on this modern retreat house
  • Photo 33: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Photo 33 of 40
  • Photo 34: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Bedroom in the laneway suite
  • Photo 35: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    New 3-pc. modern bathroom in the laneway suite
  • Photo 36: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Located in iconic Inglewood
  • Photo 37: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Close to many of Calgary's top restaurants, cafe's and shopping
  • Photo 38: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Located on a R-CG lot which allows both legal basement and laneway suites on the same property
  • Photo 39: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    Short walk away from downtown, the Bow River, and the Calgary Zoo
  • Photo 40: 1309 11 Avenue SE in Calgary: Inglewood Detached for sale : MLS®# A2163363
    New Green Line LRT station is planned to be built mere steps away, further enhancing the convenience of this location

Virtual Tour

Listed by eXp Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$549,900
Min list price:
$293,000
Max list price:
$3,090,000
Avg days on market:
43
Min days on market:
2
Max days on market:
288
Avg price per sq.ft.:
$586.16
These statistics are generated based on the current listing's property type and located in Inglewood. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706