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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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9 1441 23 Avenue SW
Bankview Calgary T2T 0T6

$349,900
Residential beds: 2 baths: 2.0 1,179 sq. ft. built: 1997

Main Photo: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 1: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 2: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 3: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 4: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 5: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
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Photo 16: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 17: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
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Photo 20: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Photo 21: 9 1441 23 Avenue SW in Calgary: Bankview Apartment for sale : MLS®# A2129776
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2129776
Bedrooms:
2
Bathrooms:
2
Year Built:
1997
Welcome to your stunning 2-bedroom, 2-bathroom condo nestled in the coveted Valhalla View, a jewel in the heart of Bankview. This charming unit embodies the perfect fusion of comfort and modern convenience, tailored to elevate your lifestyle. Step into the spacious open floor plan and be greeted by the warmth of a gas fireplace in the living room, creating an inviting ambiance for cozy evenings and lively gatherings alike. The kitchen is a chef's delight, boasting gleaming stainless steel appliances that complement the sleek cabinetry and ample counter space, including a breakfast bar. A roomy dining area offers the perfect setting for entertaining friends and family, ensuring that every meal is an occasion to remember. The main floor also features a generous bedroom, accompanied by a well-appointed 4-piece bathroom, making it an ideal guest room or home office. In-suite laundry facilities further enhance your ease of living, ensuring everyday tasks are a breeze. Ascend to the second level where the huge primary suite awaits, flooded with natural light from the large bay window. This serene retreat includes a private 4-piece bathroom, offering the ultimate sanctuary for relaxation and rejuvenation. Relish in outdoor tranquility on your private patio, an idyllic setting for unwinding or hosting guests amidst the peaceful surroundings. Your peace of mind is ensured with secure TITLED underground parking, providing year-round protection for your vehicle. Bordered by the vibrant 17th Ave and 14th St, Bankview exudes residential charm with excellent transportation links that make exploring the city effortless. Enjoy the convenience of nearby shops, cafes, and parks, all within walking distance. Don’t miss out on the chance to own this stylish and well-appointed condo in one of Calgary’s most sought-after locations. Experience the perfect blend of urban living and suburban serenity at Valhalla View. Schedule your viewing today and step into a new chapter of exceptional living! CONDO FEES INCLUDE EVERYTHING BUT ELECTRICITY. Gas included with condo fee, enjoy the use of your gas BBQ all summer and your cozy gas fireplace all winter as part of your fees.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Multi Level Unit
Total Living Area:
1,178.89 sq. ft.
Main Level Finished Area:
891.55 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
287.35 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$707.67
Condo Fee Includes:
Common Area Maintenance, Gas, Heat, Insurance, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
1
Stories Total:
3
Levels:
Multi Level Unit
End Unit:
No Common Walls
Total Rooms Above Grade:
5
Year built:
1997 (Age: 27)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9813167
Heating:
Baseboard
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Clay Tile
Ensuite:
Yes
Flooring:
Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
0
Parking:
Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Valhalla View
Bankview (Calgary)
Parking, Snow Removal, Storage
Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer
N/A
Board Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
13'5" × 11'10"
Main Floor
Living Room
23'5" × 10'3"
Main Floor
Dining Room
10'3" × 10'2"
Main Floor
Kitchen
11'1" × 7'1"
2nd Floor
Bedroom - Primary
22'10" × 10'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'10" x 7'9"
2nd Floor
Yes
4
6'7" x 9'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Ceiling Fan(s), Laminate Counters, Storage
Exterior Features:
Other
Patio And Porch Features:
Porch
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d111
Listed Date:
Jun 07, 2024
Days on Mkt:
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Listed by RE/MAX iRealty Innovations
Data was last updated June 29, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$397,000
Min list price:
$199,900
Max list price:
$1,895,000
Avg days on market:
13
Min days on market:
1
Max days on market:
69
Avg price per sq.ft.:
$399.34
These statistics are generated based on the current listing's property type and located in Bankview. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706