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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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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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1416 625 Glenbow Drive
Glenbow Cochrane T4C 0S7

$329,500
Residential beds: 2 baths: 2.0 770 sq. ft. built: 2013

2 Bdrm / 2 Bath Top Floor Unit with UG Parking
Photo 1: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 2: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 3: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 4: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 5: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 6: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 7: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 8: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 9: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 10: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 11: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 12: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 13: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 14: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 15: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 16: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 17: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 18: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 19: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 20: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 21: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 22: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 23: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 24: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 25: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 26: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 27: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 28: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 29: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Photo 30: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2167024
Bedrooms:
2
Bathrooms:
2
Year Built:
2013
IMMEDIATE POSSESSION AVAILABLE...Nestled in the heart of DOWNTOWN COCHRANE in the much-desired community of Glenbow is where you will find this TOP FLOOR UNIT featuring 2 BEDROOMs, 2 BATHs, DEN, VIEWS and UNDERGROUND PARKING. In addition to the benefits of downtown living, i.e. close to AMENITIES, PARKs, PLAYGROUNDs & the Cochrane Path System, this beautifully maintained unit has an easy open Floor Plan with OPEN Kitchen, Living & Den area, a 4PC Bath off of Den, Bedroom with VIEWs & a SPACIOUS PRIMARY with 4PC Ensuite, VIEWs and Walk Through Closet. Spend your down time outside taking it all in on a very inviting BALCONY. Make this your HOME and call today to view.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
770 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$412.59
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Professional Management, Reserve Fund Contributions, Sewer, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, No One Above
Total Rooms Above Grade:
4
Year built:
2013 (Age: 11)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1312962
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Heated Garage, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Glenbow
Gazebo, Trash, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
N/A
Non-Smoking Building, Pet Restrictions or Board approval Required, Pets Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
11'10" × 8'10"
Main Floor
Balcony
10' × 8'10"
Main Floor
Den
10'1" × 6'9"
Main Floor
Foyer
7'7" × 5'7"
Main Floor
Bedroom - Primary
11'3" × 9'5"
Main Floor
Walk-In Closet
7'2" × 3'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'4" x 7'4"
Main Floor
Yes
4
7'10" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Granite Counters, No Smoking Home, Vinyl Windows
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Rocky View County
Zoning:
R-HD
Listed Date:
Sep 18, 2024
Days on Mkt:
  • Photo 1: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    2 Bdrm / 2 Bath Top Floor Unit with UG Parking
  • Photo 2: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Den/Study off of Entry
  • Photo 3: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Tile Flooring in Den and Kitchen
  • Photo 4: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 4 of 30
  • Photo 5: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 5 of 30
  • Photo 6: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 6 of 30
  • Photo 7: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 7 of 30
  • Photo 8: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 8 of 30
  • Photo 9: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Spacious LIVING ROOM with VIEWs
  • Photo 10: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 10 of 30
  • Photo 11: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 11 of 30
  • Photo 12: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Large Primary Bedroom with VIEWs
  • Photo 13: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 13 of 30
  • Photo 14: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Walk Throughout Closet into 4PC Ensuite
  • Photo 15: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 15 of 30
  • Photo 16: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    2nd Bedroom offers VIEWs as well
  • Photo 17: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 17 of 30
  • Photo 18: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Stackable Laundry in Living Room
  • Photo 19: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    4pc Bath off of Den / Kitchen
  • Photo 20: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    8"10 x 10 Balcony makes the room to be comfortable
  • Photo 21: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 21 of 30
  • Photo 22: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Cochrane Big Hill Views to the East
  • Photo 23: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    North Views
  • Photo 24: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Views to the West
  • Photo 25: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Gazeebo to West of Building of owners use
  • Photo 26: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    WELCOME HOME
  • Photo 27: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Entrance from Parking Lot
  • Photo 28: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Photo 28 of 30
  • Photo 29: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Title Parking space 133
  • Photo 30: 1416 625 Glenbow Drive: Cochrane Apartment for sale : MLS®# A2167024
    Close to the Elevator just ahead to the right

Virtual Tour

Listed by RE/MAX West Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
188
Avg list price:
$659,900
Min list price:
$249,900
Max list price:
$1,375,000
Avg days on market:
34
Min days on market:
1
Max days on market:
399
Avg price per sq.ft.:
$370.65
These statistics are generated based on the current listing's property type and located in Cochrane. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706