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Dial 403.397.3706 for Diane Richardson

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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1003 2200 Woodview Drive SW
Woodlands Calgary T2W 3N6

$309,900
Residential beds: 2 baths: 1.0 992 sq. ft. built: 1978

Main Photo: 1003 2200 Woodview Drive SW in Calgary: Woodlands Row/Townhouse for sale : MLS®# A2172514
Photo 1: 1003 2200 Woodview Drive SW in Calgary: Woodlands Row/Townhouse for sale : MLS®# A2172514
Photo 2: 1003 2200 Woodview Drive SW in Calgary: Woodlands Row/Townhouse for sale : MLS®# A2172514
Photo 3: 1003 2200 Woodview Drive SW in Calgary: Woodlands Row/Townhouse for sale : MLS®# A2172514
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172514
Bedrooms:
2
Bathrooms:
1
Year Built:
1978
Ideal for a first-time buyer or an investor. Fully renovated townhouse, 2 bedrooms with large closets and one full size bath. Bright main floor is open concept with lots of cupboard space in the kitchen with a 3-in-1 oven, duo flex, true convection, electric range. The living room patio door opens to a large private balcony. Comes with 1 car parking stall, in-suite laundry as well as tons of storage space. This townhouse was professionally renovated with high end materials and standards. The renovations include new luxury vinyl plank flooring throughout main floor and new carpet in bedrooms. Kitchen has a brand-new quartz countertop and herringbone tile backsplash. All new lighting and plumbing. Bathroom was redone with large format tile and new plumbing fixtures. Complex is situated in the peaceful, pet friendly, Sierra Gardens. You're less than a 20 min walk to Fish Creek Park and its many trails. Plus, walking distance to schools, shopping and other great amenities.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
992.3 sq. ft.
Main Level Finished Area:
508.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$422.40
Condo Fee Includes:
Insurance, Parking, Professional Management, Reserve Fund Contributions, 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1978 (Age: 46)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0712428
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room, Main Level
Condo Fee Frequency:
Monthly
Sierra Gardens
Woodlands (Calgary)
Day Care, Park, Playground, Snow Removal, Trash, Visitor Parking
Dishwasher, Dryer, Electric Range, Range Hood, Refrigerator, Washer, Window Coverings
na
None Known
Yes
Floor
Type
Size
Other
Main Floor
Dining Room
9'4" × 7'
Main Floor
Living Room
15'7" × 12'11"
Main Floor
Balcony
11'4" × 4'9"
Main Floor
Kitchen
9'10" × 8'11"
Main Floor
Laundry
11'1" × 5'7"
2nd Floor
Bedroom
10'7" × 7'7"
2nd Floor
Bedroom - Primary
11'3" × 9'11"
2nd Floor
Furnace/Utility Room
7'8" × 4'11"
Lower Level
Entrance
9'10" × 3'
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Granite Counters, No Animal Home, No Smoking Home
Exterior Features:
Balcony, Playground, Private Entrance
Patio And Porch Features:
Balcony(s)
Lot Features:
Few Trees, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C1
Listed Date:
Oct 11, 2024
Days on Mkt:
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Listed by RE/MAX Complete Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$649,900
Min list price:
$287,000
Max list price:
$899,900
Avg days on market:
14
Min days on market:
6
Max days on market:
61
Avg price per sq.ft.:
$376.76
These statistics are generated based on the current listing's property type and located in Woodlands. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706