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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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204 414 Seton Passage
Seton Calgary T3M 3T9

$425,000
Residential beds: 2 baths: 3.0 910 sq. ft. built: 2023

Main Photo: 204 414 Seton Passage in Calgary: Seton Row/Townhouse for sale : MLS®# A2165584
Photo 1: 204 414 Seton Passage in Calgary: Seton Row/Townhouse for sale : MLS®# A2165584
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Photo 43: 204 414 Seton Passage in Calgary: Seton Row/Townhouse for sale : MLS®# A2165584
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165584
Bedrooms:
2
Bathrooms:
3
Year Built:
2023
Welcome to this stunning townhouse nestled in the vibrant community of Seton, Calgary! This exceptional residence offers an impressive array of amenities, including 2 bedrooms, 2.5 bathrooms, and a private attached garage. Its prime location provides convenient access to the South Health Campus and Seton's thriving shopping district, making it an unparalleled choice for both convenience and lifestyle. The intelligently designed townhouse features an open-concept main living area, perfect for entertaining guests. Upstairs, you'll find a spacious primary bedroom with a full ensuite and, a 3-piece bathroom, an additional bedroom, and laundry room on the main floor. Situated in Seton, one of Calgary's newest master-planned communities, you'll enjoy easy access to major thoroughfares such as Deerfoot and Stoney Trail, as well as the YMCA, Cineplex, South Health Campus, School, a diverse array of shops, dining venues, and more. This townhouse offers not just a residence, but a luxurious and convenient lifestyle in the heart of Seton.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
909.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$204.06
Condo Fee Includes:
Maintenance Grounds, See Remarks, Snow Removal
HOA Fee Includes:
Lot Area:
2.33 acre(s)
Lot Frontage:
14'11⅞"
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:
4
Year built:
2023 (Age: 1)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2310304
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Composite Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Seton
Day Care, Park, Playground, Recreation Facilities, Visitor Parking
Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer Stacked
none
Board Approval
Call
Floor
Type
Size
Other
Main Floor
Living Room
10'11" × 10'5"
Main Floor
Laundry
3'6" × 3'6"
Main Floor
Kitchen
10'11" × 9'
Main Floor
Entrance
7'2" × 3'6"
Main Floor
Balcony
11'9" × 6'6"
2nd Floor
Bedroom
10'11" × 9'11"
2nd Floor
Bedroom - Primary
11'8" × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 4'11"
2nd Floor
No
4
7'10" x 4'11"
2nd Floor
Yes
3
9'2" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan
Exterior Features:
Balcony, Other
Patio And Porch Features:
None
Lot Features:
Front Yard, Low Maintenance Landscape, Landscaped, See Remarks
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Sep 14, 2024
Days on Mkt:
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Listed by Real Broker
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
87
Avg list price:
$484,010
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
27
Min days on market:
5
Max days on market:
157
Avg price per sq.ft.:
$426.07
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706