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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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403 301 10 Street NW
Hillhurst Calgary T2N 1V8

$394,900
Residential beds: 1 baths: 1.0 589 sq. ft. built: 2016

The Kensington
Photo 1: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 2: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 3: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 4: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 5: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 6: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 7: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 8: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 9: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 10: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 11: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 12: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 13: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 14: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 15: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 16: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 17: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 18: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 19: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 20: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 21: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 22: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 23: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 24: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 25: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 26: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 27: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Photo 28: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2167722
Bedrooms:
1
Bathrooms:
1
Year Built:
2016
Spacious 1 bedroom condo with DOWNTOWN VIEWS in the heart of Kensington, with one underground titled parking stall, an assigned storage locker, and a CAR WASH in the parkade! The well-thought-out layout provides kitchen, dining area, living area with patio door out to the balcony, bedroom with walkthrough closet, cheater-ensuite bathroom, and a laundry/storage room. Featuring contemporary design with flat panel cabinets, QUARTZ COUNTERS, and laminate floors. The generous kitchen has stainless steel appliances, GAS COOK-TOP, under cabinet lighting, and a built-in wine rack. And there is breakfast bar seating for casual dining. The living area is generous with space for dining area and living area. Patio doors open onto the balcony which provides great views of Kensington and downtown. A bright bedroom with a wall of windows, has a modern FIREPLACE, and a walkthrough closet. This leads into the cheater ensuite bathroom with separate glass enclosed shower stall, soaker tub, and floating vanity with under-cabinet lighting. And the large laundry/ storage room is perfect for condo living. This pet-friendly condo is situated in the popular Kensington/Hillhurst area. A truly walkable neighbourhood with grocery store, restaurants, cafes, and array of stores, gyms, and entertainment on your doorstep. The Bow River pathway system is just a few minutes walk away. And access downtown on foot or by bike is a breeze. Plus, the c-train station is just 1 block away. This unit would suit anyone looking for a maintenance-free lifestyle in a safe and convenient downtown location with the best the city has to offer. Book a viewing and see why this would be a smart move for you!
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:
589 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$452.52
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
4
Stories Total:
6
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2016 (Age: 8)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1612278
Heating:
Fan Coil, Forced Air, Natural Gas
New Constr.:
No
Construction Material:
Concrete, Metal Siding, Mixed
Structure Type:
High Rise (5+ stories)
Roof:
Membrane
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Bedroom, Electric
Garage:
0
Parking:
Stall, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
The Kensington
Hillhurst
Car Wash, Elevator(s), Parking, Secured Parking, Trash
Built-In Oven, Dishwasher, Dryer, Garage Control(s), Gas Cooktop, Microwave Hood Fan, Other, Refrigerator, Washer, Window Coverings
BBQ on balcony
Pet Restrictions or Board approval Required, Pets Allowed, Short Term Rentals Not Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'3" × 8'11"
Main Floor
Walk-In Closet
13'10" × 10'
Main Floor
Dining Room
11'10" × 8'
Main Floor
Kitchen
11'10" × 9'1"
Main Floor
Laundry
8'7" × 5'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
7'2" x 9'3"
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Breakfast Bar, Open Floorplan, Quartz Counters, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Sep 20, 2024
Days on Mkt:
  • Photo 1: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    The Kensington
  • Photo 2: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    In the heart of Kensington, steps from downtown, and the Bow River pathway
  • Photo 3: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Kitchen virtually staged
  • Photo 4: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Dining and living area virtually staged
  • Photo 5: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Bedroom virtually staged
  • Photo 6: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    The Kensington front entry
  • Photo 7: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    The Kensington building lobby
  • Photo 8: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Contemporary kitchen with high gloss cabinets and quartz counters
  • Photo 9: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Gas cook top and built in wine rack
  • Photo 10: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Breakfast bar seating
  • Photo 11: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Laminate flooring throughout the living areas
  • Photo 12: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Open plan dining and living area
  • Photo 13: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Wall to wall ceiling height window make this unit light and bright
  • Photo 14: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 14 of 28
  • Photo 15: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Balcony with gas bbq included
  • Photo 16: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Bedroom with expansive windows
  • Photo 17: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Modern fireplace
  • Photo 18: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Walkthrough closet
  • Photo 19: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 19 of 28
  • Photo 20: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Cheater ensuite bathroom
  • Photo 21: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Shower stall and seperate soaker tub
  • Photo 22: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Spacious entry closet with laundry
  • Photo 23: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Floorplan
  • Photo 24: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 24 of 28
  • Photo 25: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 25 of 28
  • Photo 26: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 26 of 28
  • Photo 27: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 27 of 28
  • Photo 28: 403 301 10 Street NW in Calgary: Hillhurst Apartment for sale : MLS®# A2167722
    Photo 28 of 28

Virtual Tour

Listed by 2% Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$849,900
Min list price:
$259,900
Max list price:
$10,000,000
Avg days on market:
63
Min days on market:
5
Max days on market:
474
Avg price per sq.ft.:
$569.64
These statistics are generated based on the current listing's property type and located in Hillhurst. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706