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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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106 1817 14A Street SW
Bankview Calgary T2Y 5B8

$270,000
Residential beds: 2 baths: 1.0 908 sq. ft. built: 1980

Main Photo: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 1: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 2: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 3: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 4: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 5: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 6: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 7: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 8: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 9: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 10: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 11: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 12: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 13: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 14: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 15: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Photo 16: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2170815
Bedrooms:
2
Bathrooms:
1
Year Built:
1980
With the firm sale prior to December 1, 2024, a $3500 flooring allowance will be included for the purchaser. The flooring can be installed prior to possession. Welcome to #106, 1817 14a St. SW, a beautifully upgraded Bankview loft condo. The best part about a loft is the soaring ceilings and 2 storey windows that let in a pile of natural light, which is even better when they are west facing like this awesome spot. There are two balconies too, including a private outdoor area just off the primary bedroom on the upper floor. The second bed is on the main floor, and could be a space used for a gym, office, or whatever you need if you didn’t want a second bedroom. There is ample storage, with 2 in-unit. A wood burning fireplace highlighted by stone is the highlight of the main room. The loft is ideal for an office or reading nook. The bathroom has been completely remodeled. It’s a pet friendly building, and is ultra unique. You are also just steps away from all of the action on 17th avenue’s entertainment district, but far enough away to enjoy some peace and quiet in the city. For more details and to see our 360 tour, click the links below.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Multi Level Unit
Total Living Area:
907.87 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$849.35
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Snow Removal
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:
West
Floor Location:
Other
Entry Level:
1
Stories Total:
4
Levels:
Multi Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1980 (Age: 44)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8110381
Heating:
Baseboard, Hot Water, Natural Gas
New Constr.:
No
Construction Material:
Composite Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Living Room, Stone, Wood Burning
Garage:
0
Parking:
Off Street, Paved, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Electric Dryer Hookup, Washer Hookup
Condo Fee Frequency:
Monthly
Z-name Not Listed
Bankview (Calgary)
None
Dishwasher, Oven, Range Hood, Refrigerator
N/A
Board Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
15'6" × 10'
Main Floor
Kitchen
9'9" × 7'7"
Main Floor
Living Room
20'2" × 12'2"
Upper Level
Loft
13'7" × 12'7"
Upper Level
Bedroom - Primary
15'8" × 10'1"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
7'5" x 8'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
High Ceilings
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Oct 04, 2024
Days on Mkt:
  • Photo 1: 106 1817 14A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2170815
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$436,950
Min list price:
$185,000
Max list price:
$2,378,000
Avg days on market:
41
Min days on market:
6
Max days on market:
198
Avg price per sq.ft.:
$416.24
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706