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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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69 219 90 Avenue SE
Acadia Calgary T2J 0A3

$329,000
Residential beds: 2 baths: 1.0 846 sq. ft. built: 1970

Main Photo: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 1: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 2: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 3: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 4: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 5: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 6: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 7: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 8: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 9: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 10: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
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Photo 12: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 13: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
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Photo 15: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 16: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 17: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 18: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 19: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Photo 20: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171915
Bedrooms:
2
Bathrooms:
1
Year Built:
1970
Are you looking for an affordable townhouse close to shopping with a private fenced yard? This Acadia home is great for first time buyers, or as a rental investment property and is available for immediate possession. This updated corner unit is in the well managed Candlewood Park and is located in the middle of the complex fronting onto greenspace. Entering this home, the functional living room also serves as your access point to the East facing fenced yard. The kitchen has updated appliances and is adjoining the dining room. Upstairs, there are two bedrooms and a 4-piece bathroom. The unfinished basement provides opportunity to create more developed space or can serve as storage. You will find the laundry here and the furnace was replaced in 2023. This complex has seen numerous exterior updates and is located close to schools, transit, shopping and recreation facilities. This property has 1 assigned parking space and affordable condo fees. Contact your trusted agent to book a showing before She Gon’.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
846.07 sq. ft.
Main Level Finished Area:
416.19 sq. ft.
Upper Level Finished Area:
429.88 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$290.19
Condo Fee Includes:
Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
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:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1970 (Age: 54)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
8811100
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Candlewood Park
Acadia
Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
19'4" × 11'10"
Main Floor
Dining Room
8'2" × 7'8"
Main Floor
Kitchen
8'3" × 7'3"
Upper Level
Bedroom - Primary
14' × 11'4"
Upper Level
Bedroom
11'7" × 7'7"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Vinyl Windows
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-CG
Listed Date:
Nov 07, 2024
Days on Mkt:
  • Photo 1: 69 219 90 Avenue SE in Calgary: Acadia Row/Townhouse for sale : MLS®# A2171915
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Virtual Tour

Listed by Century 21 Bamber Realty LTD.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$611,950
Min list price:
$209,900
Max list price:
$769,900
Avg days on market:
21
Min days on market:
5
Max days on market:
124
Avg price per sq.ft.:
$586.39
These statistics are generated based on the current listing's property type and located in Acadia. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706