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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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2306 1140 Taradale Drive NE
Taradale Calgary T3J 0G1

$299,999.99
Residential beds: 2 baths: 2.0 815 sq. ft. built: 2007

Entry
Photo 1: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 2: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 3: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 4: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 5: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 6: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 7: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 8: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 9: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 10: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 11: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 12: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 13: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 14: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 15: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 16: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 17: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 18: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 19: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 20: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 21: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 22: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 23: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 24: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 25: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 26: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 27: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 28: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 29: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Photo 30: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166727
Bedrooms:
2
Bathrooms:
2
Year Built:
2007
Welcome to Taralake Place! This bright and spacious suite has lots of natural light and a good floorplan with the bedrooms separated by the living room - ideal for roommates! The living room provides access to your large balcony, the kitchen has plenty of cabinets, counterspace and a raised breakfast bar and there is lots of space for your dining room table. The primary bedroom with walk-through closet and 3 piece ensuite, a good sized 2nd bedroom, the main bath and in suite laundry complete this unit. Also included is a titled parking stall in the heated, underground parkade, an assigned surface parking stall and an assigned storage locker on the same level as the condo in front of the Main door which is a big feature. CONDO FEES INCLUDE ALL UTILITIES! Located across the street from Taralake Park and a few minutes to shopping, school and transit.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
814.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$572.48
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Electricity, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Snow Removal, Trash, 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:
Southeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southeast
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2007 (Age: 17)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0714034
Heating:
Baseboard
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street, Stall, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Taralake Place
Taradale
Elevator(s), Storage, Trash, Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave, Washer
None
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Dining Room
16'4" × 15'7"
Main Floor
Bedroom
12'10" × 9'11"
Main Floor
Kitchen
8'11" × 8'11"
Main Floor
Living Room
10'3" × 10'1"
Main Floor
Bedroom - Primary
12'10" × 10'1"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4'11" x 8'5"
Main Floor
No
4
7'6" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Elevator, Walk-In Closet(s)
Exterior Features:
Balcony, Playground
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-2 d86
Listed Date:
Sep 16, 2024
Days on Mkt:
  • Photo 1: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Entry
  • Photo 2: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area 1
  • Photo 3: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area 2
  • Photo 4: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Kitchen 1
  • Photo 5: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area
  • Photo 6: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area
  • Photo 7: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area
  • Photo 8: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area
  • Photo 9: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Living Area
  • Photo 10: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    In Unit Laundry
  • Photo 11: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Washroom
  • Photo 12: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Bedroom 1
  • Photo 13: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Bedroom 1
  • Photo 14: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Walkin Closet
  • Photo 15: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Washroom
  • Photo 16: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Bedroom 2
  • Photo 17: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Bedroom 2
  • Photo 18: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Photo 18 of 30
  • Photo 19: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Kitchen
  • Photo 20: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Kitchen
  • Photo 21: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Kitchen
  • Photo 22: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Kitchen
  • Photo 23: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Building Entrance
  • Photo 24: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Balcony View
  • Photo 25: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    UnderGround Parking
  • Photo 26: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Underground Parking
  • Photo 27: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Storage Locker
  • Photo 28: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Storage Locker
  • Photo 29: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    Assigned Parking
  • Photo 30: 2306 1140 Taradale Drive NE in Calgary: Taradale Apartment for sale : MLS®# A2166727
    RMS Layout
Listed by PREP Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$599,402
Min list price:
$272,999
Max list price:
$859,900
Avg days on market:
39
Min days on market:
1
Max days on market:
185
Avg price per sq.ft.:
$394.38
These statistics are generated based on the current listing's property type and located in Taradale. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706