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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1702 1500 7 Street SW
Beltline Calgary T2R 1A7

$699,900
Residential beds: 2 baths: 2.0 907 sq. ft. built: 2014

View Alexander Caldwell's 'Four Part Curve' as you enter the building - a symbol of the ever-evolving culture of Calgary and its Beltline community in its dynamic but simple design.
Photo 1: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 2: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 3: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 4: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 5: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 6: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 7: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 8: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 9: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 10: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 11: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 12: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 13: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
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Photo 15: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 16: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 17: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 18: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 19: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 20: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 21: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 22: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 23: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 24: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 25: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 26: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 27: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 28: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 29: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 30: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 31: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 32: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 33: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 34: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 35: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 36: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 37: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 38: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Photo 39: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173765
Bedrooms:
2
Bathrooms:
2
Year Built:
2014
Experience the pinnacle of luxury downtown living in this fabulous penthouse offering stunning Rocky Mountain views, two balconies, titled underground parking and separate storage locker. This expansive two bedroom, 2 full bathroom unit has a sleek modern design with an open floor plan and large windows allowing for sun-filled rooms all day long thanks to the floor to ceiling windows and south-west exposures. Relax in the comfortable living room featuring expansive 180 degree views of the south and west and entertain guests in the formal dining room. The gourmet contemporary chefs kitchen has full height cabinetry, high end stainless steel appliance package including gas cooktop, Bosch stove and dishwasher and Fisher & Paykel refrigerator. You’ll love the outdoor spaces and with two balconies (one off the living room and one off the primary), there will be no shortage of fresh air. The primary also has access to a walk in closet and 5pc ensuite bathroom with dual vanities, soaker tub and separate shower. The additional bedroom on the opposite side of the unit is spacious and perfect for guests or as a private office/den. Completing the unit is a 3pc bathroom and in-suite laundry. Located just off 17th Avenue in the heart of the city’s culinary and design district - the Beltline, the Drake’s LEED certified and innovative design caters to the young working professional who desire immediate access to the city's trendiest restaurants, lounges, cafés and boutiques. Within walking distance to the city's financial core, the Drake’s location promotes car-free living, yet with titled parking in the heated underground parkade included with this unit, you’ll have the freedom to access all of Calgary. Not only does the concrete building offer quiet living uncommon to the downtown, but the additional storage unit allows for piece of mind and security and enjoy the pleasures of being at the top floor ~ no footsteps to be heard above you! Be sure to catch a glimpse of Alexander Caldwell's 'Four Part Curve' as you enter the building - a symbol of the ever-evolving culture of Calgary and its Beltline community in its dynamic but simple design.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Penthouse
Total Living Area:
906.58 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$708.69
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Parking, 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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southwest
Floor Location:
Top
Entry Level:
17
Stories Total:
17
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2014 (Age: 10)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1313100
Heating:
Baseboard
Builder:
Grosvenor
New Constr.:
No
Construction Material:
Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Heated Garage, Parkade, Secured, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Drake
Beltline
Elevator(s), Parking, Secured Parking, Storage, Trash, Visitor Parking
Dishwasher, Gas Cooktop, Microwave, Oven, Refrigerator, Washer/Dryer, Window Coverings
NA
Pet Restrictions or Board approval Required, Pets Allowed, Short Term Rentals Not Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
10'5" × 8'7"
Main Floor
Dining Room
9'2" × 9'2"
Main Floor
Living Room
16'3" × 14'7"
Main Floor
Foyer
4'5" × 4'2"
Main Floor
Laundry
2'9" × 2'3"
Main Floor
Balcony
23' × 8'
Main Floor
Balcony
6' × 5'
Main Floor
Bedroom - Primary
11'9" × 9'6"
Main Floor
Bedroom
11'1" × 10'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6'8" x 8'2"
Main Floor
Yes
5
8'2" x 8'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Closet Organizers, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Recessed Lighting, See Remarks, Soaking Tub, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line, Other
Patio And Porch Features:
Balcony(s), See Remarks
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Oct 20, 2024
Days on Mkt:
  • Photo 1: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    View Alexander Caldwell's 'Four Part Curve' as you enter the building - a symbol of the ever-evolving culture of Calgary and its Beltline community in its dynamic but simple design.
  • Photo 2: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    The buildings architects are Rafii Architects and Zeidler Architecture
  • Photo 3: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    Building lobby featuring the original Melrose signage.
  • Photo 4: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    This corner penthouse unit has the desirable M floor plan.
  • Photo 5: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    Beautiful South West exposures with 180 degree views including the majestic Rockies.
  • Photo 6: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
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  • Photo 7: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    First balcony off the living room with South and west exposures... fabulous!
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    Incredible views of the mountains and look at those autumn colours!
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  • Photo 15: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    Contemporary kitchen with sleek cabinetry and stainless steel appliances.
  • Photo 16: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    High end Bosch and Fisher & Paykel
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  • Photo 19: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    Dining room
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  • Photo 21: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    Primary bedroom
  • Photo 22: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
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  • Photo 23: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    2nd balcony off the primary suite.
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  • Photo 27: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    5pc ensuite bathroom.
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  • Photo 29: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    2nd bedroom at the opposite end of the unit allowing privacy.
  • Photo 30: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    2nd 3 pc bathroom.
  • Photo 31: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    Vibrant 17th Avenue is at your fingertips! Enjoy morning coffee at Analog.
  • Photo 32: 1702 1500 7 Street SW in Calgary: Beltline Apartment for sale : MLS®# A2173765
    UNA Pizza + Wine is a local favourite.
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Listed by Charles
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
231
Avg list price:
$385,000
Min list price:
$188,000
Max list price:
$2,900,000
Avg days on market:
44
Min days on market:
2
Max days on market:
246
Avg price per sq.ft.:
$502
These statistics are generated based on the current listing's property type and located in Beltline. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706