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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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13202 2781 Chinook Winds Drive SW
Prairie Springs Airdrie T4B 3S5

$310,000
Residential beds: 2 baths: 1.0 895 sq. ft. built: 2012

Main Photo: 13202 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2153169
Photo 1: 13202 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2153169
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Photo 21: 13202 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2153169
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Photo 24: 13202 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2153169
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2153169
Bedrooms:
2
Bathrooms:
1
Year Built:
2012
Welcome to this extremely well maintained 2-bedroom upper floor unit with 2 parking stalls (1 titled), offering 895 SF of living space, in the sought-after Chinook Crossing. Upon entry, you are greeted by laminate, carpet, and tile flooring, showcasing the pride of ownership. The bright and sunny living room seamlessly flows into the dining area, providing access to a private balcony, perfect for enjoying your morning coffee or evening relaxation. The kitchen boasts granite countertops, black appliances, pantry, and a spacious island with undermount sink and seating for casual dining. The primary bedroom is generously sized, as is the 2nd bedroom, with a spacious 4 pce bathroom and laundry area. Monthly condo fees of $439.80 cover essential utilities such as water, sewer, and exterior maintenance (excluding power and gas), ensuring hassle-free living. The location is superb, with proximity to schools, parks, playgrounds, shopping, medical facilities, restaurants, pubs, and the expansive Chinook Winds Regional Park—offering everything from ball diamonds to walking and biking pathways, green space, and a splash park. Easy access to city transit, 8th Street, and the new 40th Ave means you can reach the QEII Highway within minutes, facilitating quick trips to Cross Iron Mills Mall or downtown Calgary. This meticulously maintained home is vacant & available for immediate possession. Don’t miss out—schedule your viewing
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
895 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$439.80
Condo Fee Includes:
Common Area Maintenance, Insurance, Interior Maintenance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Includes:
Lot Area:
820 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:
Front Exposure:
South
Reg. Size:
Reg. Size Includes:
Entry Level:
2
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2012 (Age: 12)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
1310382
Heating:
In Floor
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
Prairie Springs
Visitor Parking
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
NA
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
14' × 12'5"
Main Floor
Kitchen
11' × 9'5"
Main Floor
Dining Room
12'2" × 6'7"
Main Floor
Laundry
6'3" × 3'5"
Main Floor
Balcony
9'3" × 8'7"
Main Floor
Bedroom - Primary
12'5" × 10'1"
Main Floor
Bedroom
12' × 9'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Granite Counters, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, See Remarks, Storage
Exterior Features:
Balcony, Courtyard
Patio And Porch Features:
Balcony(s)
Lot Features:
See Remarks
Num. of Parcels:
0
Fencing:
None
Region:
Airdrie
Zoning:
R4
Listed Date:
Jul 27, 2024
Days on Mkt:
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Listed by 2% Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
382
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:
285
Avg price per sq.ft.:
$360.2
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