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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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1421 81 Legacy Boulevard SE
Legacy Calgary T2X 2B9

$325,000
Residential beds: 2 baths: 2.0 696 sq. ft. built: 2016

Main Photo: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 1: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 2: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 3: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 4: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 5: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
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Photo 22: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 23: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 24: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 25: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 26: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 27: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Photo 28: 1421 81 Legacy Boulevard SE in Calgary: Legacy Apartment for sale : MLS®# A2137741
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2137741
Bedrooms:
2
Bathrooms:
2
Year Built:
2016
Welcome Home to this stunning condo in desirable Legacy located just steps from the shops, restaurants and services at Township. There are so many things to love about this spacious unit with South views! From the LUXURY VINYL PLANK flooring throughout to the spacious kitchen with GRANITE COUNTERTOPS, large wall pantry, and stainless steel appliances. This well laid out unit features 2 good sized bedrooms both with an ABUNDANCE OF NATURAL LIGHT each with their own South facing windows. NO INTERIOR BEDROOMS here! The private, larger primary room is complete with separate ensuite and spacious walk thru closet. Rounding out this comfortable home is a large in-suite laundry area, an additional 4 piece bathroom with granite countertops and deep soaker tub PLUS a private balcony. The TITLED PARKING STALL is located securely in an underground parking lot with your spot located close to the elevator. Call your favourite Realtor today and book a private viewing!
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:
696 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$335.42
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
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:
2016 (Age: 8)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1610790
Heating:
Baseboard
New Constr.:
No
Construction Material:
Stone, Wood Frame, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parkade, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$30.00
Condo Fee Frequency:
Monthly
Legacy Gate
Legacy
Gazebo, Secured Parking, Trash, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13'5" × 8'9"
Main Floor
Walk-In Closet
6'5" × 3'3"
Main Floor
Dining Room
8'11" × 8'3"
Main Floor
Entrance
7'11" × 4'3"
Main Floor
Living Room
11'3" × 9'11"
Main Floor
Bedroom
9'5" × 8'7"
Main Floor
Kitchen
10'4" × 7'10"
Main Floor
Laundry
7'11" × 4'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'8" x 4'11"
Main Floor
No
4
4'11" x 7'6"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Granite Counters, High Ceilings, No Animal Home, No Smoking Home, Walk-In Closet(s)
Exterior Features:
Uncovered Courtyard
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-X2
Listed Date:
Jun 03, 2024
Days on Mkt:
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    View from unit balcony
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Listed by Royal LePage Solutions
Data was last updated June 27, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$674,900
Min list price:
$260,000
Max list price:
$1,150,000
Avg days on market:
15
Min days on market:
1
Max days on market:
147
Avg price per sq.ft.:
$386.18
These statistics are generated based on the current listing's property type and located in Legacy. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706