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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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303 1820 9 Street SW
Lower Mount Royal Calgary T2T 3C3

$199,900
Residential beds: 1 baths: 1.0 472 sq. ft. built: 1969

Main Photo: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 1: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 2: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 3: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 4: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 5: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 6: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 7: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 8: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 9: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 10: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 11: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 12: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 13: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 14: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 15: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 16: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 17: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 18: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 19: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 20: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Photo 21: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168941
Bedrooms:
1
Bathrooms:
1
Year Built:
1969
This apartment is on the top floor. Fantastic location, close to Downtown and one block away to trendy 17 Ave, 20 minutes walking to Downtown core, 6 minutes walks to Western Canada High School. whole building was renovated in 2016 with vinyl flooring, white cabinet, granite counter top, windows and balcony. Stainless steel appliance, Small size dishwasher. One assigned parking stall. Great layout fits a single or couple, or rented out with great rent.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
472 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$481.35
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Top
Entry Level:
3
Stories Total:
3
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
1
Year built:
1969 (Age: 55)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0812203
Heating:
Boiler
New Constr.:
No
Construction Material:
Concrete, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Z-name Not Listed
Lower Mount Royal
Other
Dishwasher, Electric Stove, Refrigerator
none
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
11'6" × 8'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'8" x 6'8"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Quartz Counters
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Sep 26, 2024
Days on Mkt:
  • Photo 1: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
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  • Photo 4: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
    enought fit queen size bed
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  • Photo 21: 303 1820 9 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2168941
    In the basement
Listed by First Place Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$338,500
Min list price:
$183,900
Max list price:
$850,000
Avg days on market:
32
Min days on market:
5
Max days on market:
90
Avg price per sq.ft.:
$404.32
These statistics are generated based on the current listing's property type and located in Lower Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706