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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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106 59 22 Avenue SW
Erlton Calgary T2S 3C7

$499,900
Residential beds: 2 baths: 2.0 1,322 sq. ft. built: 2000

Main Photo: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 1: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 2: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 3: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 4: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 5: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 6: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 7: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 8: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 9: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 10: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 11: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 12: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 13: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 14: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 17: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 18: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 21: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 22: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 24: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 25: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 29: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 30: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 31: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 34: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 35: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 36: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 37: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 38: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 40: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 41: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 42: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 43: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 44: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 46: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 47: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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Photo 49: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Photo 50: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166130
Bedrooms:
2
Bathrooms:
2
Year Built:
2000
This exceptional main-floor unit, elevated approximately 6ft from street level for added privacy, offers a unique blend of LUXURY and CONVENIENCE. Featuring 2 bedrooms separated by a spacious living room, a large dining/flex room, and a RARE TITLED UNDERGROUND PRIVATE HEATED DOUBLE GARAGE. This AIR-CONDITIONED condo is a true gem. As you enter, you'll be greeted by a large foyer with RICH HARDWOOD floors and elegant architectural details. The expansive living room boasts a cozy GAS FIREPLACE and opens onto a PRIVATE DECK equipped with a gas line for a BBQ. The MODERN KITCHEN includes a breakfast bar with seating for four and sleek STAINLESS-STEEL appliances, with a separate laundry room located conveniently nearby. The dining room doubles as a versatile flex space or office, depending on your needs. The master suite comfortably accommodates a king-size bed and features a WALK-THROUGH CLOSET leading to a luxurious 5pc ensuite, complete with a SOAKER TUB, separate shower, DOUBLE VANITY, and an additional storage room. The second spacious bedroom includes a CHEATER ENSUITE to the 2nd bathroom for added convenience. Abundant natural light pours in through the LARGE WINDOWS. One of the largest units available, this condo is ideal for those looking to downsize without sacrificing space. An extremely unique feature is the OVERSIZED UNDERGROUND PRIVATE GARAGE, measuring 34'2" x 11’11” which offers ample room for two vehicles, additional storage, or even a workshop. The building also includes a car wash for residents. The River Grande Estates has recently undergone major upgrades, including a NEW ROOF, UPDATED COURTYARD, and refreshed carpets in common areas. This unit's proximity to the NE entrance, elevator, and garage makes it especially convenient for those with mobility concerns. Additional storage is provided with a separate locker on the garage level. The complex's stunning courtyard, complete with ponds, fountains, a gazebo, and seating areas, leads to multiple amenities, such as a kitchen/entertainment room, pool table room, and library. Situated by the Elbow River with access to scenic walking paths, this PRIME LOCATION offers easy access to the LRT, Stampede Grounds, and a short commute to downtown.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
1,322.33 sq. ft.
Main Level Finished Area:
1,322.33 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$894.80
Condo Fee Includes:
Caretaker, Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Ground
Entry Level:
1
Stories Total:
5
Levels:
Single Level Unit
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2000 (Age: 24)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0010532
Heating:
In Floor, Fireplace(s)
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Hardwood, Laminate
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Heated Garage, Parkade, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
River Grande Estates
Erlton
Bicycle Storage, Car Wash, Elevator(s), Park, Parking, Party Room, Recreation Facilities, Secured Parking, Visitor Parking
Built-In Oven, Dishwasher, Induction Cooktop, Microwave, Refrigerator, Wall/Window Air Conditioner, Washer/Dryer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
14'6" × 13'2"
Main Floor
Dining Room
12'10" × 10'2"
Main Floor
Kitchen
12'4" × 9'10"
Main Floor
Flex Space
13'11" × 11'8"
Main Floor
Laundry
8'9" × 5'3"
Main Floor
Bedroom - Primary
13'1" × 11'11"
Main Floor
Bedroom
11'9" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
Main Floor
No
3
Title to Land:
Fee Simple
Community Features:
Other, Park, Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, Double Vanity, High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Storage
Exterior Features:
BBQ gas line, Courtyard
Patio And Porch Features:
Deck
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2 d219
Listed Date:
Sep 21, 2024
Days on Mkt:
  • Photo 1: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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  • Photo 2: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Open Floor Plan
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  • Photo 5: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Great space for kitchen dining set
  • Photo 6: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Ideal space if you want separate dining table
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  • Photo 8: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Dining room/flex room
  • Photo 9: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Breakfast bar
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  • Photo 12: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Laundry area off kitchen
  • Photo 13: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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  • Photo 14: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Living room with gas fireplace , access to patio
  • Photo 15: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Patio
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  • Photo 17: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    A/C unit
  • Photo 18: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Master bedroom
  • Photo 19: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
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  • Photo 20: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Walkthrough closet with organizers
  • Photo 21: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    5 pc ensuite bath with separate shower, soaker tub, double vanity
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  • Photo 23: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Separate storage room off master
  • Photo 24: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    2nd Bedroom
  • Photo 25: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Walkthrough closet
  • Photo 26: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Cheater ensuite door to 3 pc bath
  • Photo 27: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    2nd bathroom
  • Photo 28: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Main entry to building
  • Photo 29: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Library by courtyard
  • Photo 30: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Recreation room with kitchenette
  • Photo 31: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Games Room
  • Photo 32: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Unit next to entrance and elevator to parkade
  • Photo 33: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    NE entry, parkade elevator
  • Photo 34: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Double O/S heated garage
  • Photo 35: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Separate man door to garage
  • Photo 36: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Courtyard
  • Photo 37: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Ponds and fountains in courtyard
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  • Photo 39: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Gazebo bridge
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  • Photo 41: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Street view to Calgary Tower
  • Photo 42: 106 59 22 Avenue SW in Calgary: Erlton Apartment for sale : MLS®# A2166130
    Parking entrance, separate visitors parkade
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Listed by RE/MAX Landan Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
4,881
Avg list price:
$589,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
474
Avg price per sq.ft.:
$435.52
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706