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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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414 660 Shawnee Square SW
Shawnee Slopes Calgary T2Y 0X6

$350,000
Residential beds: 1 baths: 1.0 527 sq. ft. built: 2024

Main Photo: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 1: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 2: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 3: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 4: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 5: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 6: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 7: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 8: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 9: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 10: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 11: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 12: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Photo 13: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177728
Bedrooms:
1
Bathrooms:
1
Year Built:
2024
Exclusive Assignment Sale Opportunity! Missed out on this high-demand project? Here’s your chance! We have exclusive assignment sales from original buyers looking to transfer their units before closing, less than original purchase price. Discover luxury living at its finest in this 1-bedroom condo, TOP FLOOR UNIT AND SOUTH FACING, at the Metroside Condos in SW Calgary. This condo offers the perfect blend of style and comfort, with an open-concept layout that effortlessly connects the living, dining, and kitchen areas—perfect for both entertaining and everyday living. Located within steps from Fish Creek Provincial Park and LRT Fish Creek Lacombe Station. This could be your new home or a smart investment opportunity. Photos are representative. Don’t miss out on this rare opportunity!
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:
527 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$253.00
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Maintenance Grounds, Parking, Reserve Fund Contributions, See Remarks, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
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:
Top
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2024 (Age: 0)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
TBD
Heating:
Baseboard
Builder:
GRAYWOOD DEVELOPMENTS
New Constr.:
Yes
Construction Material:
Wood Frame
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$300.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Shawnee Slopes
None
Dishwasher, Microwave Hood Fan, Oven, Refrigerator, Stove(s), Washer/Dryer Stacked
N/A
Board Approval, None Known, Pets Allowed
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
10'11" × 9'4"
Main Floor
Kitchen
11'6" × 9'11"
Main Floor
Living Room
11'6" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Kitchen Island, Open Floorplan, Quartz Counters
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
TBD
Listed Date:
Nov 06, 2024
Days on Mkt:
  • Photo 1: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
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  • Photo 9: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
    WISP COLOR SELECTION SAMPLE
  • Photo 10: 414 660 Shawnee Square SW in Calgary: Shawnee Slopes Apartment for sale : MLS®# A2177728
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Listed by RE/MAX Real Estate (Central)
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$421,194
Min list price:
$287,500
Max list price:
$1,250,000
Avg days on market:
38
Min days on market:
4
Max days on market:
185
Avg price per sq.ft.:
$414.15
These statistics are generated based on the current listing's property type and located in Shawnee Slopes. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706