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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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302 2702 17 Avenue SW
Shaganappi Calgary T3E 8A5

$379,900
Residential beds: 2 baths: 2.0 672 sq. ft. built: 2016

Main Photo: 302 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2174812
Photo 1: 302 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2174812
Photo 2: 302 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2174812
Photo 3: 302 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2174812
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Photo 20: 302 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2174812
Photo 21: 302 2702 17 Avenue SW in Calgary: Shaganappi Apartment for sale : MLS®# A2174812
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174812
Bedrooms:
2
Bathrooms:
2
Year Built:
2016
Welcome to the trendy and sophisticated Condo 1741 located in the heart of sought-after Shaganappi with a very short & convenient proximity to Downtown. This 2 bed & 2 bath apartment, impeccably designed by Truman Homes, offers a beautifully balanced marriage of modern elegance and practicality. Illuminated in natural light, this unit features 9 ft ceilings, a stunning contemporary kitchen with 2-tone cabinets and high-end finishes, open shelving, white subway tile backsplash, sleek quartz countertops, designer stainless steel appliances including efficient countertop gas stove and built in oven, stylish lighting, built-in desk area and eating bar spacious enough to accommodate 4 guests. The bedrooms are separated by the main living space with access to the south facing balcony including a gas line for a BBQ. The master bedroom comes with a luxurious ensuite showcasing a large walk-in shower with marbled tile accents along with a walk-in closet complete with organizers. The generous 2nd bedroom offers ample closet space and the convenience of the nearby 4pc bath. Not to forget the in-suite laundry, that completes this unit. The unit comes with a storage locker located on the same floor, as well as bike storage, and a titled, heated, underground parking stall. The building is located 3 blocks from the LRT station. There are schools, parks, off-leash dog parks, recreation centre, golf course, numerous sports courts and playgrounds all within walking distance. Embrace the lock-and-leave lifestyle and explore the dynamic neighborhood, from vibrant cafes, restaurants & pubs to boutique shopping. Don't miss this opportunity to experience urban luxury – book your 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:
672 sq. ft.
Main Level Finished Area:
672 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$460.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Entry Level:
3
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1610654
Heating:
Baseboard
Builder:
Truman Homes
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Flat
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood
Cooling:
Window Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Parkade, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
1741
Shaganappi
Elevator(s), Storage
Built-In Gas Range, Dishwasher, Dryer, Electric Oven, Microwave, Range Hood, Refrigerator, Washer
Parkade Remote Control, Curtain Rods
Board Approval, Pets Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
10'3" × 8'9"
Main Floor
Living Room
14' × 11'10"
Main Floor
Foyer
5'1" × 4'1"
Main Floor
Bedroom - Primary
10'1" × 9'3"
Main Floor
Bedroom
10' × 9'11"
Main Floor
Laundry
4'1" × 3'2"
Main Floor
Balcony
9'7" × 6'6"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4'11" x 7'6"
Main Floor
No
4
4'11" x 8'6"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, High Ceilings, No Smoking Home, Quartz Counters, Vinyl Windows
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
MU-1
Listed Date:
Oct 23, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$849,900
Min list price:
$219,900
Max list price:
$2,099,000
Avg days on market:
45
Min days on market:
19
Max days on market:
295
Avg price per sq.ft.:
$553.04
These statistics are generated based on the current listing's property type and located in Shaganappi. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706