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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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405D 5601 Dalton Drive NW
Dalhousie Calgary T3A 2E2

$199,900
Residential beds: 1 baths: 1.0 544 sq. ft. built: 1976

Top Floor!
Photo 1: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 2: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 3: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 4: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 5: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 6: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 7: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 8: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 9: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 10: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 11: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 12: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 13: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 14: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 15: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 16: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 17: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Photo 18: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2170578
Bedrooms:
1
Bathrooms:
1
Year Built:
1976
Calling all first-time buyers, investors, and those looking to downsize! This 1 bedroom, 1 bathroom unit is ideally situated in the vibrant community of Dalhousie in Northwest Calgary! This top-floor unit offers a bright, open-concept living space, perfect for relaxing or entertaining. The U-shaped kitchen overlooking the LARGE living room/dining area, features UPGRADED MAPLE cabinetry with raised panels. The primary bedroom, 4-Pc bathroom, in-suite laundry, and storage complete the interior. Step out onto your private balcony, the perfect spot to enjoy your morning coffee or unwind after a long day. The building is secure, well-maintained, and fosters a warm, welcoming community atmosphere. Your parking stall is right by the main entrance door with security cameras overlooking the parking area, and lots of lighting providing extra security and peace of mind. With affordable condo fees, this property offers fantastic value for both homeowners and investors alike. Dalhousie’s location is unbeatable! Just an 11-minute walk or 3-minute drive to Dalhousie LRT, a 6-minute drive to the University of Calgary, 11 minutes to SAIT, and 4 minutes to the stunning Nose Hill Park, Canada’s 4th largest urban park, this condo is central to both recreation and education. Plus, with local shopping, dining, and public transit within walking distance, everything you need is at your fingertips. The short commute to downtown Calgary is a breeze with convenient access to major routes and transit options. Whether you are looking for your first home or a solid investment property, this awesome condo at 5601 Dalton Drive is in a prime location, is a TOP FLOOR unit, has a private balcony, and offers low-maintenance living.
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:
544 sq. ft.
Main Level Finished Area:
544 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$406.70
Condo Fee Includes:
Common Area Maintenance, 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:
Northwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northeast, Northwest, Southwest
Floor Location:
Top
Entry Level:
4
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls, No One Above
Total Rooms Above Grade:
4
Year built:
1976 (Age: 48)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9312504
Heating:
Baseboard, Boiler, Natural Gas
New Constr.:
No
Construction Material:
Stucco
Structure Type:
Low Rise (2-4 stories)
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Garage Spaces:
1
Parking:
Assigned, Plug-In, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Common Area, In Unit
Condo Fee Frequency:
Monthly
Sunflower Garden Crt
Dalhousie
Visitor Parking
Dishwasher, Electric Stove, Microwave, Microwave Hood Fan, Refrigerator, Washer
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
12' × 11'9"
Main Floor
Kitchen
8'2" × 6'9"
Main Floor
Dining Room
8'1" × 5'
Main Floor
Bedroom - Primary
15'2" × 10'1"
Main Floor
Laundry
9'4" × 3'4"
Main Floor
Laundry
9'6" × 3'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Storage, Vinyl Windows
Exterior Features:
Balcony, Lighting
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
M-C1
Listed Date:
Oct 03, 2024
Days on Mkt:
  • Photo 1: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Top Floor!
  • Photo 2: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Welcome Home!
  • Photo 3: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Large Foyer
  • Photo 4: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Kitchen
  • Photo 5: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Lots of Maple Cabinets
  • Photo 6: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Photo 6 of 18
  • Photo 7: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Photo 7 of 18
  • Photo 8: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Photo 8 of 18
  • Photo 9: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Large Living Room
  • Photo 10: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Primary Bedroom
  • Photo 11: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Primary Bedroom
  • Photo 12: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Convenient Linen Closet
  • Photo 13: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    4-Pc Bathroom
  • Photo 14: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Tile Surround
  • Photo 15: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Laundry/Storage
  • Photo 16: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    View from Balcony
  • Photo 17: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    View from Balcony
  • Photo 18: 405D 5601 Dalton Drive NW in Calgary: Dalhousie Apartment for sale : MLS®# A2170578
    Parking Stall by Front Door
Listed by Real Broker
Data was last updated November 13, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$379,950
Min list price:
$199,900
Max list price:
$2,475,000
Avg days on market:
55
Min days on market:
2
Max days on market:
142
Avg price per sq.ft.:
$388.69
These statistics are generated based on the current listing's property type and located in Dalhousie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706