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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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2107 6118 80 Avenue NE
Saddle Ridge Calgary T3J 0S6

$399,999
Residential beds: 3 baths: 2.0 977 sq. ft. built: 2023

3 bed 2 bath living room
Photo 1: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 2: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 3: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 4: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 5: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 6: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 7: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 8: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
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Photo 12: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 13: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
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Photo 21: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 22: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 23: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 24: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
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Photo 33: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Photo 34: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177680
Bedrooms:
3
Bathrooms:
2
Year Built:
2023
Welcome to this exceptional, 2023 newly built apartment at 6118 80 Avenue NE, #2107, where modern living meets ultimate convenience in one of Calgary's most sought-after neighborhoods. This beautifully designed 3-bedroom, 2-bathroom MAIN FLOOR CORNER unit is just one year old and offers a spacious, bright, and open-concept layout that truly stands out. Located on the main floor of a well-maintained, contemporary building, the apartment provides easy access without compromising on style or comfort. The living area is expansive, featuring a large living room that seamlessly flows into a dining area perfect for family gatherings or entertaining friends. The upgraded interior boasts elegant quartz countertops throughout, giving the kitchen and bathrooms a sleek, modern feel. The kitchen itself is well-appointed with ample cabinet space, high-quality finishes (cabinets to the ceiling height), upgraded appliances, and an efficient layout that will make meal prep a joy. The master bedroom is a true retreat, with plenty of space for a king-sized bed and a private, spa-like ensuite featuring a standing shower, while the additional two bedrooms are perfect for children, guests, or a home office. One of the standout features of this home is the convenience of titled underground parking, ensuring you have a secure, designated spot in all seasons. The property’s location is a true gem — just steps away from Saddle Town LRT Station, you’ll enjoy effortless access to transportation, making commuting a breeze. And, for those who prefer to walk, everything you need is right at your doorstep. Within walking distance, you’ll find a wealth of amenities, including Shoppers Drug Mart, grocery stores, a variety of restaurants, schools, parks, and other essential services. This is a vibrant, family-friendly neighborhood where you can leave your car at home and easily access everything you need for daily living. Whether you’re a first-time buyer, a growing family, or anyone looking for a move-in-ready home in a prime location, this apartment offers an incredible opportunity. With modern features, ample space, and a location that can’t be beat, this property won’t last long , plus low condo fee and remaining low for next year as well. schedule your showing today!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
977.26 sq. ft.
Main Level Finished Area:
977.26 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$412.68
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Heat, Insurance, Professional Management, Reserve Fund Contributions, Security, 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:
Northeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northeast
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
2311560
Heating:
Baseboard
New Constr.:
No
Construction Material:
Brick, Concrete, Mixed
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Garage Spaces:
1
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Saddle Ridge
Elevator(s), Trash, Visitor Parking
Dishwasher, Dryer, Microwave Hood Fan, Refrigerator, Stove(s), Washer
N/A
Pets Not Allowed
Restrictions, No
Floor
Type
Size
Other
Main Floor
Bedroom
12' × 9'3"
Main Floor
Bedroom
12' × 10'6"
Main Floor
Dining Room
13'2" × 9'3"
Main Floor
Kitchen
8'4" × 8'1"
Main Floor
Living Room
13'2" × 11'10"
Main Floor
Bedroom - Primary
12'2" × 10'5"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
5' x 7'10"
Main Floor
No
4
7'7" x 5'6"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Quartz Counters, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Stone Counters, Walk-In Closet(s)
Exterior Features:
Balcony, Basketball Court, BBQ gas line, Garden, Playground
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
DC
Listed Date:
Nov 07, 2024
Days on Mkt:
  • Photo 1: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
    3 bed 2 bath living room
  • Photo 2: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
    2023 Built Building
  • Photo 3: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
    Entry door
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    3 bed 2 bath living room
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    Master Bedroom
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    primary in-suite standing shower
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    Walk-in closet
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    Bedroom 2
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    Bedroom 3
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    Bathroom 2
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  • Photo 29: 2107 6118 80 Avenue NE in Calgary: Saddle Ridge Apartment for sale : MLS®# A2177680
    Underground parking #42
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Virtual Tour

3D Tour

Additional Images

Virtual Tour

Listed by eXp Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
106
Avg list price:
$599,900
Min list price:
$229,900
Max list price:
$7,499,000
Avg days on market:
36
Min days on market:
1
Max days on market:
222
Avg price per sq.ft.:
$402.55
These statistics are generated based on the current listing's property type and located in Saddle Ridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706