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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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272 Big Hill Circle SE
Big Springs Airdrie T4A 1R9

$285,000
Residential beds: 2 baths: 1.0 956 sq. ft. built: 1978

Main Photo: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 1: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 2: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 3: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 4: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 5: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 6: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 7: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 8: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 9: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 10: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 11: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 12: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 13: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 14: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 15: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 16: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 17: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 18: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Photo 19: 272 Big Hill Circle SE: Airdrie Detached for sale : MLS®# A2177613
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177613
Bedrooms:
2
Bathrooms:
1
Year Built:
1978
HOME SWEET HOME! Welcome to this charming bungalow style home in the popular community of Big Springs in amazing Airdrie. This is one of the most affordable opportunities you will find for a detached home in the area! Perfect for both investors and first-time home buyers alike. This home offers 2 bedrooms, 1 bathroom and 955+ SQFT of upgraded living space. Inside you will find a large open concept living room, a spacious contemporary kitchen with an island, a generous sized bedroom, a wonderful primary bedroom and a 4 piece bathroom. HOME UPGRADES include a newer furnace, newer hot water tank, new flooring, new siding, new fence and a new roof that was replaced in 2018. Outside, there is your large private, partially fenced lot with a massive deck, shed and a parking pad that can accommodate 2 vehicles. This terrific location is steps from a green space and pathways, East Lake, shopping, restaurants, schools, public transportation, parks, easy access to Highway 2 and a quick drive to Calgary. Don’t miss out on this rare opportunity for investors and home buyers alike. Book your private viewing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Modular Home
Total Living Area:
955.6 sq. ft.
Main Level Finished Area:
955.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,004 sq. ft.
Lot Frontage:
40'
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:
North
Levels:
One
Total Rooms Above Grade:
4
Year built:
1978 (Age: 46)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
7711562
Heating:
Forced Air, Natural Gas
Basement:
Crawl Space, Partial
Foundation:
Piling(s)
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Electric Dryer Hookup, None, Washer Hookup
Big Springs
Refrigerator, Stove(s), Window Coverings
N/A
Airspace Restriction
Floor
Type
Size
Other
Main Floor
Bedroom
15' × 10'2"
Main Floor
Bedroom - Primary
13'3" × 11'2"
Main Floor
Kitchen
16'5" × 13'3"
Main Floor
Living Room
16'3" × 13'3"
Main Floor
Laundry
5'11" × 5'6"
Main Floor
Balcony
35'11" × 7'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'4" x 10'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths, Pool, Schools Nearby, Tennis Court(s)
Interior Features:
Breakfast Bar, Closet Organizers, Jetted Tub, Laminate Counters, Open Floorplan, Storage
Exterior Features:
Garden, Private Entrance, Private Yard, Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Backs on to Park/Green Space, Fruit Trees/Shrub(s), Few Trees, Front Yard, Lawn, Garden, Low Maintenance Landscape, Landscaped, Rectangular Lot, Views
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced, Partial
Region:
Airdrie
Zoning:
DC-16-C
Listed Date:
Nov 06, 2024
Days on Mkt:
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Listed by Century 21 Bamber Realty LTD.
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
387
Avg list price:
$599,900
Min list price:
$200,000
Max list price:
$1,749,900
Avg days on market:
36
Min days on market:
1
Max days on market:
287
Avg price per sq.ft.:
$360.43
These statistics are generated based on the current listing's property type and located in Airdrie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706