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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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416/416A/416B/414 54 Avenue SW
Windsor Park Calgary T2V 0C5

$1,268,000
Multi-Family 1,695 sq. ft. built: 1958

Front
Photo 1: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 2: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 3: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 4: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 5: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 6: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 7: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 8: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 9: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 10: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 11: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 12: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 13: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 14: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 15: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 16: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 17: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 18: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 19: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 20: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 21: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 22: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 23: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 24: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 25: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 26: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 27: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 28: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 29: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 30: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 31: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 32: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 33: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 34: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 35: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 36: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 37: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 38: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 39: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 40: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 41: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 42: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 43: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 44: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 45: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 46: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 47: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 48: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 49: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Photo 50: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2155298
Year Built:
1958
!!!$30,000 Drop!!!. ATTENTION INVESTORS and BUILDERS! Discover an exceptional opportunity to own a revenue property in the vibrant community of Winsor Park in Calgary. This well-maintained side-by-side duplex with 2 LEGAL NEWLY RENOVATED BASEMENT SUITES, double detached garage and fully landscaped backyard. 2 electric meters and 2 gas meters. Firewall installed. Ready to SPLIT TITLE. This property sits on a 60'x120' south-facing lot, perfect for future redevelopment. Featuring 4 units, each are 2 Bedroom Suites with separate entrances and laundry room. Living area (including all 4 units 416, 416A, 416B, 414) measurement is about 3400 sq ft. This property is conveniently located for an easy commute to downtown Calgary, public transit, c-train station and 10 minutes walking distance to Chinook Centre. Also close to Glenmore reservoir, Sandy Beach Park and Rocky view Hospital. All 4 units are occupied by excellent long term tenants, currently on a month to month basis. Showings are only available every Sunday from 1-4pm. Don't miss out on this amazing opportunity!
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bi-Level, Side by Side
Total Living Area:
1,694.98 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,201 sq. ft.
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:
Reg. Size:
Reg. Size Includes:
Levels:
Bi-Level
Year built:
1958 (Age: 66)
Bathrooms:
- (Full:-, Half:-)
Plan:
360GV
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Tile, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Windsor Park
Dryer, Electric Stove, Refrigerator, Washer
None
None Known
Title to Land:
Fee Simple
Interior Features:
Laminate Counters
Exterior Features:
Playground, Private Entrance, Private Yard
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C2
Listed Date:
Aug 07, 2024
Days on Mkt:
  • Photo 1: 416/416A/416B/414 54 Avenue SW in Calgary: Windsor Park 4 plex for sale : MLS®# A2155298
    Front
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    416A & 416B
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    416 & 414
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    Ut#416A
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    Ut#416B
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    Ut#416B
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    Ut#416B
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    Ut#414
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    Ut#414
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    Ut#414
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    Garage
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    Backyard
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    Backyard
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    416A-2D
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    416B-2D
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    416-2D
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    414-2D

Virtual Tour

3D Tour

Listed by Grand Realty
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,348,888
Min list price:
$875,000
Max list price:
$4,280,000
Avg days on market:
49
Min days on market:
4
Max days on market:
164
Avg price per sq.ft.:
$589.78
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706