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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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204 1828 14 Street SW
Lower Mount Royal Calgary T2T 3S9

$424,900
Residential beds: 3 baths: 2.0 1,220 sq. ft. built: 2004

Main Photo: 204 1828 14 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2176017
Photo 1: 204 1828 14 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2176017
Photo 2: 204 1828 14 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2176017
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Photo 35: 204 1828 14 Street SW in Calgary: Lower Mount Royal Apartment for sale : MLS®# A2176017
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176017
Bedrooms:
3
Bathrooms:
2
Year Built:
2004
Welcome Home to #204 1828 14th Street. Imagine stepping into a home where modern elegance meets unparalleled comfort. Nestled in the vibrant community of Lower Mount Royal, this stunning corner unit, offers 3 full bedrooms, 2 full baths, and a full laundry room. As you enter, you're greeted by an open-concept living space that radiates warmth and sophistication. The kitchen, a chef’s delight, bright and airy with ample cupboard space, stainless steel appliances, gas stove, eat up island and full pantry. The rich wood cabinetry paired with a pristine granite countertops create a space that is both functional and beautiful. Picture yourself preparing a gourmet meal in this stylish setting, with every detail designed for both convenience and aesthetics. The kitchen flows seamlessly into the inviting living area, perfect for cozying up with a movie after a delightful dinner around the gas fireplace and cityscape as your backdrop. The natural light pouring in through the large windows enhances the sense of space and comfort, making every moment spent here feel special. Venture into your primary suite, unwinding in your large soaker tub after a long day. Featuring his and her sinks, separate tub and shower with a large walk-in closet and city views from the comfort of your bed! Your guests can retire to one of spacious bedrooms, boasting its own luxurious bathroom. These large, inviting bedrooms are your guests private retreats, meticulously designed with modern finishes that exude a sense of calm and relaxation. Step out onto your private east facing patio, where warm summer nights beckon you to unwind with a drink in hand, enjoying the serene atmosphere of the community while taking in the city views. Whether it’s a quiet evening alone or entertaining friend or family, , this space is perfect for creating lasting memories. The property also features a massive storage locker, providing ample storage, ensuring everything has its place and titled underground parking. Walk outside and take in all of the amenities that lower Mount Royal and 17th ave have to offer. Located in the dynamic lower Mount Royal community, you’ll enjoy the perfect blend of tranquility and accessibility. With quick possession available, this freshly cleaned, painted (main hallway and living area), and freshly cleaned carpets, this home is ready for you to make it your own. This is more than a home; it’s a sanctuary where every detail is designed to enhance your living experience. Welcome to your new beginning.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
1,219.63 sq. ft.
Main Level Finished Area:
1,219.63 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$780.69
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, 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:
East
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
1 Common Wall, End Unit
Total Rooms Above Grade:
6
Year built:
2004 (Age: 20)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0412256
Heating:
In Floor
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Parkade, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
The Greystones
Lower Mount Royal
Elevator(s), Parking, Trash
Dishwasher, Dryer, Garage Control(s), Gas Stove, Range Hood, Refrigerator, Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required, Pets Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
13'2" × 9'7"
Main Floor
Bedroom
10'2" × 9'3"
Main Floor
Dining Room
15'4" × 6'7"
Main Floor
Kitchen
15'3" × 7'4"
Main Floor
Laundry
9'3" × 5'3"
Main Floor
Living Room
15'4" × 13'
Main Floor
Bedroom - Primary
15'5" × 14'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 8'4"
Main Floor
Yes
5
8' x 8'10"
Title to Land:
Fee Simple
Community Features:
Shopping Nearby, Sidewalks
Interior Features:
Built-in Features, Closet Organizers, Double Vanity, Granite Counters, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Nov 08, 2024
Days on Mkt:
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    Titled Parking
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    LRT
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    LRT
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    Beltline
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    Beltline
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    Beltline
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    Marda Loop
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    Sandy beach
Listed by Century 21 Bamber Realty LTD.
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$338,500
Min list price:
$183,900
Max list price:
$850,000
Avg days on market:
32
Min days on market:
5
Max days on market:
90
Avg price per sq.ft.:
$404.32
These statistics are generated based on the current listing's property type and located in Lower Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706