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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202 836 Royal Avenue SW
Lower Mount Royal Calgary T2P 0L3

$474,900
Residential beds: 2 baths: 2.0 931 sq. ft. built: 2013

Main Photo: 202 836 Royal Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2171484
Photo 1: 202 836 Royal Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2171484
Photo 2: 202 836 Royal Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2171484
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Photo 33: 202 836 Royal Avenue SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2171484
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171484
Bedrooms:
2
Bathrooms:
2
Year Built:
2013
This stunning open-concept 2-bedroom, 2-bathroom Lower Mount Royal condo offers spacious rooms, ample built-in storage, and a serene balcony overlooking the courtyard. Ideally located near 17th Ave, Mission, and Mount Royal for easy city living and beautiful walks. Features include 9-foot ceilings, hardwood floors, oversized windows, quartz countertops, a luxurious 5-piece ensuite, and a primary suite with his-and-hers closets. Additional conveniences include titled parking, secure bike storage, and a storage locker. The kitchen is equipped with stainless steel appliances, a pantry, and a breakfast bar, along with a custom built-in wine cooler in the dining area. The bright living room provides balcony access, and the bedrooms are smartly positioned for privacy.
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:
931 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$590.07
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
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:
1311189
Heating:
In Floor, Natural Gas
New Constr.:
No
Construction Material:
Stone, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Titled
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Uno
Lower Mount Royal
Parking, Snow Removal, Storage, Trash
Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer, Window Coverings
BAR FRIDGE, ACCESS FOB
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
10'8" × 8'7"
Main Floor
Dining Room
10'10" × 10'8"
Main Floor
Foyer
4'10" × 4'6"
Main Floor
Kitchen
12' × 7'5"
Main Floor
Laundry
8'4" × 4'2"
Main Floor
Living Room
16'9" × 16'4"
Main Floor
Bedroom - Primary
18' × 9'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'10" x 7'11"
Main Floor
Yes
5
8'10" x 7'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
High Ceilings, Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Oct 07, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Sotheby's International Realty Canada
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