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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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4202 16969 24 Street SW
Bridlewood Calgary T2Y 0L2

$319,000
Residential beds: 2 baths: 2.0 987 sq. ft. built: 2008

Main Photo: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 1: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 2: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 3: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 4: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
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Photo 20: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 21: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 22: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Photo 23: 4202 16969 24 Street SW in Calgary: Bridlewood Apartment for sale : MLS®# A2136618
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2136618
Bedrooms:
2
Bathrooms:
2
Year Built:
2008
CONDO FEE COVERED ELECTRICITY, WATER AND HEAT. Look at this wonderful home in an excellent neighborhood. Located in the picturesque community of Bridlewood in southwest Calgary, this charming 2-bedroom, 2-bathroom end unit features an open-concept living room, dining area, and kitchen, along with a great balcony. Recent updates include newly flooring and refrigerator. There are in-suite laundry /storage, heated & titled parking lot as well as additional storage in the parkade for your winter tires. Don’t miss out on this gem; 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:
Low-Rise(1-4)
Total Living Area:
987 sq. ft.
Main Level Finished Area:
987 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$655.27
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, Parking, Reserve Fund Contributions, 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:
Southeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southeast
Floor Location:
Other
Entry Level:
2
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2008 (Age: 16)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0812470
Heating:
Baseboard
New Constr.:
No
Construction Material:
Mixed
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Laminate
Cooling:
Wall/Window Unit(s)
Fireplaces:
0
Garage:
0
Parking:
Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Bridleview Pointe
Bridlewood
Elevator(s), Parking
Dishwasher, Refrigerator, Stove(s), Washer, Washer/Dryer
NA
Condo/Strata Approval
Call
Floor
Type
Size
Other
Main Floor
Living Room
15'7" × 12'6"
Main Floor
Kitchen
11'3" × 9'4"
Main Floor
Dining Room
11'9" × 9'8"
Main Floor
Storage
6'5" × 4'10"
Main Floor
Bedroom - Primary
14'1" × 11'3"
Main Floor
Bedroom
11'11" × 10'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
Main Floor
Yes
3
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
No Animal Home, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-1 d75
Listed Date:
Jun 07, 2024
Days on Mkt:
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Listed by Skyrock
Data was last updated June 29, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$575,000
Min list price:
$312,000
Max list price:
$800,000
Avg days on market:
9
Min days on market:
2
Max days on market:
36
Avg price per sq.ft.:
$413.89
These statistics are generated based on the current listing's property type and located in Bridlewood. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706