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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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NEXT Open House details
Nov 16, 2024 12:30 PM - 02:30 PM MST

3203 2781 Chinook Winds Drive SW
Prairie Springs Airdrie T4B 3S5

$309,000
Residential beds: 2 baths: 2.0 948 sq. ft. built: 2013

Welcome home
Photo 1: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 2: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 3: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 4: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 5: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 6: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 7: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 8: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 9: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 10: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 11: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 12: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 13: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 14: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 15: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 16: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 17: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 18: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 19: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 20: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 21: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 22: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 23: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 24: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 25: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Photo 26: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
Open House - Nov 16, 2024
12:30 PM - 02:30 PM MST
NOTES: Open House on Saturday, November 16, 2024 12:30PM - 2:30PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174393
Bedrooms:
2
Bathrooms:
2
Year Built:
2013
*OPEN HOUSE SAT NOV 16 FROM 12:30-2:30PM* This beautifully maintained 2-bedroom, 2-bathroom main floor corner unit is a must-see! Ideal for first-time home buyers, small families, or as a revenue property, it comes with two parking stalls (one titled and one assigned), so parking is never an issue. The large front porch offers a charming seating area to enjoy warm summer days or grow some plants. The open floor plan is perfect for family time or entertaining, featuring a kitchen with granite counters, a large island, and a corner pantry. There is room for a large kitchen/dining table and the living room is a very good size as well! Because this is an end unit, it is flooded with natural light thanks to the abundance of windows. The spacious primary suite includes a 3-piece ensuite with granite countertops, a separate shower, and a walk-in closet. The second bedroom is also generously sized, and another full bathroom with granite countertops completes the space. A stacked washer and dryer are conveniently tucked away between the bedrooms. Located close to schools, parks, playgrounds, shopping, and within walking distance to Chinook Winds Regional Park, which offers ball diamonds, walking and biking pathways, green space, a skate park, and a splash park. The new 40th Ave overpass provides easy access to the highway into Calgary or the east side of Airdrie. With quick possession available, you can move into your new home as soon as you want. Don’t miss out—schedule your viewing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Stacked Townhouse
Total Living Area:
947.74 sq. ft.
Main Level Finished Area:
947.74 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$491.17
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Water
HOA Fee Includes:
Lot Area:
862 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:
Unit Exposure:
South
Entry Level:
2
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2013 (Age: 11)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1410160
Heating:
In Floor, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Stall, Titled
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Main Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Prairie Springs
Playground, Storage, Visitor Parking
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
15' × 10'3"
Main Floor
Living Room
12' × 10'8"
Main Floor
Dining Room
9'5" × 7'1"
Main Floor
Laundry
3'4" × 3'
Main Floor
Bedroom - Primary
12'5" × 10'2"
Main Floor
Bedroom
10'2" × 9'9"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
6'8" x 14'11"
Main Floor
No
4
4'11" x 11'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Granite Counters, Kitchen Island, Open Floorplan, Pantry, Storage, Track Lighting
Exterior Features:
Private Entrance
Patio And Porch Features:
Front Porch
Lot Features:
Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Airdrie
Zoning:
R4
Listed Date:
Oct 25, 2024
Days on Mkt:
  • Photo 1: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Welcome home
  • Photo 2: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Two parking stalls
  • Photo 3: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Large front porch
  • Photo 4: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Photo 4 of 26
  • Photo 5: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Charming seating area
  • Photo 6: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Lots of natural light
  • Photo 7: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Open floor plan
  • Photo 8: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Dining area
  • Photo 9: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Spacious living room
  • Photo 10: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Photo 10 of 26
  • Photo 11: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Lots of pot and pans storage
  • Photo 12: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Eatup kitchen island
  • Photo 13: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Corner pantry & granite counters
  • Photo 14: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Bedroom
  • Photo 15: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Primary bedroom
  • Photo 16: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Photo 16 of 26
  • Photo 17: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    3pc ensuite
  • Photo 18: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Walk-in closet
  • Photo 19: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Stacked laundry
  • Photo 20: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Main bathroom with storage
  • Photo 21: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Assigned Parking
  • Photo 22: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Titled Parking
  • Photo 23: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Close to schools, parks, playgrounds
  • Photo 24: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Photo 24 of 26
  • Photo 25: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Photo 25 of 26
  • Photo 26: 3203 2781 Chinook Winds Drive SW: Airdrie Row/Townhouse for sale : MLS®# A2174393
    Photo 26 of 26
Listed by RE/MAX House of Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
377
Avg list price:
$599,900
Min list price:
$200,000
Max list price:
$1,749,900
Avg days on market:
37
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$360.94
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