NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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7228 & 7230 Ogden Road SE
Ogden Calgary T2C 1B6

$1,152,500
Multi-Family 1,760 sq. ft. built: 1978

Main Photo: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 1: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 2: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 3: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 4: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
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Photo 22: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 23: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 24: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 25: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 26: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Photo 27: 7228 & 7230 Ogden Road SE in Calgary: Ogden Full Duplex for sale : MLS®# A2167066
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2167066
Year Built:
1978
Discover this exceptional full duplex featuring four self-contained legal suites, each with two bedrooms, perfect for maximizing rental income. Each suite boasts a cozy fireplace, in-suite laundry, and a separate entrance for added privacy. The upper suites offer inviting balconies, ideal for enjoying the outdoors. Recent upgrades include new siding, windows, and doors, all completed in 2024, along with composite decking and metal railings on the balconies. The roof was replaced in 2019, ensuring long-term durability and peace of mind. Currently, three units are rented, providing immediate income and showcasing the strong rental demand in the area. With an attractive cap rate of 5.75% and the potential for nearly $1,700 in monthly cash flow, this property presents a compelling investment opportunity. Located in an inner-city neighbourhood, it offers convenient access to downtown, parks, tennis courts, ball diamonds, schools, and a hockey arena. With four parking stalls in the back and a well-maintained exterior, this property is not to be missed!
Property Type:
Multi-Family
Property Sub Type:
Full Duplex
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bi-Level, Side by Side
Total Living Area:
1,760 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,070 sq. ft.
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:
Reg. Size:
Reg. Size Includes:
Year built:
1978 (Age: 46)
Bathrooms:
- (Full:-, Half:-)
Plan:
375AM
Basement:
Separate/Exterior Entry, Finished, Suite
Structure Type:
Duplex
Ensuite:
No
Garage:
0
Parking:
Outside, Parking Pad, Side By Side, Stall
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Unit, Laundry Room
Ogden
Dryer, Electric Stove, Refrigerator, Washer
Storage Shed
None Known
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-C2
Listed Date:
Sep 24, 2024
Days on Mkt:
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Virtual Tour

Listed by Century 21 Bravo Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,348,888
Min list price:
$875,000
Max list price:
$4,280,000
Avg days on market:
49
Min days on market:
4
Max days on market:
164
Avg price per sq.ft.:
$589.78
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