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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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301 1821 17A Street SW
Bankview Calgary T2T 4R7

$274,900
Residential beds: 2 baths: 2.0 845 sq. ft. built: 1979

Main Photo: 301 1821 17A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2139414
Photo 1: 301 1821 17A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2139414
Photo 2: 301 1821 17A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2139414
Photo 3: 301 1821 17A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2139414
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Photo 20: 301 1821 17A Street SW in Calgary: Bankview Apartment for sale : MLS®# A2139414
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2139414
Bedrooms:
2
Bathrooms:
2
Year Built:
1979
You'll be captivated by this charming penthouse condo, just a stone's throw from 17th Avenue. Tucked away on a peaceful street, it overlooks a delightful park and is only a short stroll from downtown. Inside, the kitchen has been thoughtfully updated with sleek wood countertops, stainless steel appliances, and plenty of storage space. Convenience is key with in-suite laundry, a dishwasher, a 2-piece ensuite bath, and a roomy walk-in closet. The perks continue with a covered parking spot conveniently located right by the door, along with a spacious in-suite storage room. But the real highlight awaits as you step into the living room and out onto the expansive patio, offering breathtaking city views. Retreat to the master bedroom, boasting a striking feature wall, another walk-in closet, and a beautifully updated 2-piece bathroom adorned with exquisite tiles and cabinets. With its attractive price tag, this gem won't stay on the market for long—truly an opportunity not to be missed!
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:
844.98 sq. ft.
Main Level Finished Area:
844.98 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$516.00
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Maintenance Grounds, 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:
Top
Entry Level:
3
Stories Total:
3
Levels:
Single Level Unit
End Unit:
End Unit
Total Rooms Above Grade:
4
Year built:
1979 (Age: 45)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
8210991
Heating:
Baseboard, Hot Water, Natural Gas
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Roof:
Asphalt
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Living Room, Wood Burning
Garage:
0
Parking:
Assigned, Covered, Off Street, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Bankview (Calgary)
Parking, Playground, Snow Removal, Trash, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
none
None Known
Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
14'11" × 9'11"
Main Floor
Bedroom
11' × 9'10"
Main Floor
Living Room
17'6" × 11'9"
Main Floor
Kitchen
11' × 7'10"
Main Floor
Storage
7'7" × 3'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'2"
Main Floor
No
3
7'1" x 7'9"
Title to Land:
Fee Simple
Community Features:
Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Built-in Features, Ceiling Fan(s)
Exterior Features:
Playground
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-C2
Listed Date:
Jun 07, 2024
Days on Mkt:
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Listed by First Place Realty
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