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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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2101 1234 5 Avenue NW
Hillhurst Calgary T2N 0R9

$898,898
Residential beds: 2 baths: 3.0 1,521 sq. ft. built: 2017

Main Photo: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 1: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 2: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 3: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 4: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 5: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 6: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 7: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
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Photo 17: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
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Photo 19: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
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Photo 23: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 24: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
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Photo 38: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Photo 39: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175899
Bedrooms:
2
Bathrooms:
3
Year Built:
2017
2101, 1234 5th Avenue NW| Welcome To Ezra On The Park! | Sophisticated Executive Residences In The Heart Of Kensington | A Rare Stunning 2 Storey Apartment Townhome Backing Directly onto the Historic Riley Park | Open Concept Main Floor With Jaw-Dropping 11 Ft Ceilings Includes Office/Den 3 PCE Bath & Upper-Level Featuring 2 Bedrooms & 2 Full Baths Plus | The Primary Bedroom Boasts An Unbelievable Walk-In Closet & Dressing Room With Built-Ins & Spa-Inspired Ensuite With Glass & Tile Shower, Quartz Counters, Double Vanities & Free-Standing Tub | With A Private Balcony Overlooking Park & A Convenient 2nd Floor Laundry With Front-Loading Washer & Dryer | Two Underground Titled Parking Stalls, Storage Locker & Bike Storage Area | Condo Fees Include Common Area Maintenance, Insurance, Maintenance Grounds, Parking, Professional Management, & Reserve Fund Contributions | Pets Allowed (Dogs & Cats) Subject To Board Approval, No Age Restrictions & No Airbnb | Fully Equipped Fitness Centre On 2nd Floor Of The West Tower | Ezra Club Lounge & Wine Tasting Room On 2nd Floor Of The East Tower | Steps To Hillhurst Community Centre & Farmers Market | Riley Park With Its Wading Pool & Fountains, Cricket & Senator Patrick Burns Memorial Rock Garden | Premier Inner City Location With Resturants & Shopping | Stunning Courtyard Landscaping & Guest Suite | 2 Elevators.
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:
1,520.58 sq. ft.
Main Level Finished Area:
841.33 sq. ft.
Upper Level Finished Area:
679.25 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$1,393.95
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Security, Sewer, 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:
Unit Exposure:
North
Floor Location:
Ground
Entry Level:
1
Stories Total:
7
Levels:
Multi Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2017 (Age: 7)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
1711550
Heating:
In Floor, Hot Water, Natural Gas
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete
Structure Type:
High Rise (5+ stories)
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Secured, Stall, Titled, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Sink, Upper Level
Condo Fee Frequency:
Monthly
EZRA on Riley Park
Hillhurst
Bicycle Storage, Car Wash, Elevator(s), Parking, Recreation Room, Secured Parking, Visitor Parking
Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
20'11" × 12'2"
Main Floor
Kitchen
16'10" × 10'6"
Main Floor
Dining Room
16'10" × 7'1"
Main Floor
Office
10'11" × 9'10"
Main Floor
Foyer
12'7" × 4'
Upper Level
Bedroom - Primary
16'7" × 10'4"
Upper Level
Walk-In Closet
8'2" × 6'10"
Upper Level
Laundry
6'11" × 5'7"
Upper Level
Bedroom
12'7" × 9'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
9'1" x 5'8"
Upper Level
Yes
5
13'1" x 12'4"
Upper Level
No
4
9'5" x 4'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, Open Floorplan, Stone Counters, Walk-In Closet(s)
Exterior Features:
Balcony, Storage
Patio And Porch Features:
Balcony(s), Patio
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Oct 29, 2024
Days on Mkt:
  • Photo 1: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
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  • Photo 2: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Main Floor Plan
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  • Photo 9: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Office/Den
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    3 PCE Bath
  • Photo 11: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Upper Floor Plan
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  • Photo 15: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Primary Bedroom
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    5 PCE Ensuite
  • Photo 17: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    5 PCE Ensuite
  • Photo 18: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Walk In Closet
  • Photo 19: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Second Bedroom
  • Photo 20: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    4 PCE Bath
  • Photo 21: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Laundry Room
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  • Photo 23: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Bright Heated Underground Parking
  • Photo 24: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Bike Storage
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  • Photo 26: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Club Room Floor Plan
  • Photo 27: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Club Room Living Room
  • Photo 28: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Club Room Living Room
  • Photo 29: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Club Room Kitchen
  • Photo 30: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Club Room Office
  • Photo 31: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Riley Park
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  • Photo 35: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Hillhurst Scholl
  • Photo 36: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Southern Jubilee Auditorium
  • Photo 37: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
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  • Photo 39: 2101 1234 5 Avenue NW in Calgary: Hillhurst Apartment for sale : MLS®# A2175899
    Map of Surrounding Area

3D Tour

Additional Images

Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$849,900
Min list price:
$259,900
Max list price:
$10,000,000
Avg days on market:
63
Min days on market:
5
Max days on market:
474
Avg price per sq.ft.:
$569.64
These statistics are generated based on the current listing's property type and located in Hillhurst. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706