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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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105 1521 26 Avenue SW
South Calgary Calgary T2T 1C4

$325,000
Residential beds: 2 baths: 2.0 610 sq. ft. built: 2015

Building - Front
Photo 1: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 2: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 3: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 4: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 5: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 6: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 7: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 8: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 9: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 10: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 11: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 12: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 13: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 14: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 15: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 16: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 17: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 18: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 19: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 20: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Photo 21: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171936
Bedrooms:
2
Bathrooms:
2
Year Built:
2015
Explore this exceptional 2-bedroom, 2-bathroom condo located near Marda Loop in South Calgary. Blending European-inspired design with modern amenities, this unit boasts a bright, open-concept layout and numerous upgrades throughout. At the heart of the home is the gourmet kitchen, featuring white quartz countertops, a neutral backsplash, undermount lighting, a gas stove, stainless steel fridge, soft-close white cabinetry, and a built-in pantry. The spacious living area opens onto a large south-facing balcony, perfect for entertaining or unwinding in the evening. The master bedroom includes a floor-to-ceiling built-in wardrobe, while the versatile second bedroom is ideal for guests or a home office. Both bedrooms offer ample storage, reducing the need for extra furniture. The unit also includes a stylish 5-piece bathroom, an additional 3-piece bathroom, and in-suite laundry for added convenience. Upgrades such as air conditioning, an electric fireplace, and laminate flooring throughout elevate the home. Heated underground parking with a storage locker adds further convenience, and residents can take advantage of the shared rooftop patio with stunning city views. This pet-friendly building is ideal for professionals, couples, and investors, offering both comfort and practicality. Situated just steps away from Marda Loop’s vibrant shops, transit, and parks, this condo offers an unbeatable combination of lifestyle and location. Don’t miss your chance to make this beautiful condo your new home! Contact your favorite Realtor to schedule a showing today!
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:
610 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$472.34
Condo Fee Includes:
Heat, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South, Southwest
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2015 (Age: 9)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1512592
Heating:
Baseboard
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt, Flat
Ensuite:
Yes
Flooring:
Laminate
Cooling:
Wall/Window Unit(s)
Fireplaces:
1
Fireplace Details:
Electric
Garage:
0
Parking:
Underground
Parking Places:
39.0
Parking Total/Covered:
39 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
South Calgary
None
Built-In Oven, Microwave, Range Hood, Refrigerator, Stove(s), Washer/Dryer Stacked
N/A
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
12'8" × 11'10"
Main Floor
Living/Dining Room Combination
11'2" × 8'10"
Main Floor
Bedroom - Primary
11'5" × 10'5"
Main Floor
Bedroom
10'10" × 9'9"
Main Floor
Balcony
22'8" × 9'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
2'11" x 6'11"
Main Floor
Yes
5
6'7" x 8'2"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Oct 17, 2024
Days on Mkt:
  • Photo 1: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Building - Front
  • Photo 2: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Kitchen/Dining
  • Photo 3: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Kitchen/Dining
  • Photo 4: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Kitchen/Living
  • Photo 5: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Virtually Staged - Dining/Living
  • Photo 6: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Living Room
  • Photo 7: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Master Bedroom
  • Photo 8: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Virtually Staged - Primary Bedroom
  • Photo 9: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Master Bedroom
  • Photo 10: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Ensuite Bathroom
  • Photo 11: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Second Bedroom
  • Photo 12: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Virtually Staged - Second Bedroom
  • Photo 13: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Second Bedroom
  • Photo 14: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Second Bathroom
  • Photo 15: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Storage
  • Photo 16: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Extra Large Balcony
  • Photo 17: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Terrace
  • Photo 18: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Terrace
  • Photo 19: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Terrace View
  • Photo 20: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Terrace View
  • Photo 21: 105 1521 26 Avenue SW in Calgary: South Calgary Apartment for sale : MLS®# A2171936
    Building - Front
Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$664,500
Min list price:
$235,000
Max list price:
$2,395,000
Avg days on market:
51
Min days on market:
2
Max days on market:
225
Avg price per sq.ft.:
$458.64
These statistics are generated based on the current listing's property type and located in South Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706