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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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58 Brae Glen Lane SW
Braeside Calgary T2W 1B6

$425,000
Residential beds: 3 baths: 3.0 1,292 sq. ft. built: 1971

Main Photo: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 1: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 2: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 3: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 4: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 5: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 6: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 7: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 8: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 9: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 10: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 11: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 12: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 13: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 14: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 15: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 16: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 17: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 18: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 19: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 20: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 21: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 22: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 23: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 24: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 25: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 26: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 27: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 28: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Photo 29: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177817
Bedrooms:
3
Bathrooms:
3
Year Built:
1971
Welcome to this stunning end-unit townhouse in the highly desirable community of Braeside! This unique 4-level split offers spacious and versatile living with an open-concept kitchen and dining area, perfect for both entertaining and everyday life. Boasting 3 comfortable bedrooms, the primary suite comes complete with its own private 2-piece ensuite, providing convenience and privacy. With no carpet throughout, this home is designed for easy maintenance and a modern feel. Enjoy the comfort of central air conditioning during Calgary’s warm summers, while the west-facing fenced backyard provides a perfect outdoor oasis for relaxation or gatherings. Additional features include a single attached garage for secure parking and added storage. This home is a must-see for anyone seeking comfort, style, and convenience in Braeside. Make it yours today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Townhouse
Total Living Area:
1,291.68 sq. ft.
Main Level Finished Area:
634.85 sq. ft.
Upper Level Finished Area:
656.84 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
439.79 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$612.19
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
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:
Ground
Entry Level:
1
Levels:
4 Level Split
End Unit:
1 Common Wall, End Unit
Total Rooms Above Grade:
7
Year built:
1971 (Age: 53)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:1, Half:2)
Plan:
8110388
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Metal Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Off Street, Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, In Unit, Lower Level
Condo Fee Frequency:
Monthly
Brae Glen
Braeside (Calgary)
None
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
None
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Foyer
8'5" × 6'3"
2nd Floor
Kitchen
13'3" × 12'7"
2nd Floor
Dining Room
11'9" × 6'7"
3rd Floor
Living Room
19'3" × 12'3"
4th Floor
Bedroom - Primary
16'10" × 12'
4th Floor
Bedroom
10'2" × 9'10"
4th Floor
Bedroom
12'1" × 8'8"
Basement
Game Room
19'3" × 12'5"
Basement
Laundry
14'5" × 6'11"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
6' x 2'11"
4th Floor
No
4
5'1" x 8'8"
4th Floor
Yes
2
3'11" x 6'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island, Laminate Counters
Exterior Features:
Private Yard
Patio And Porch Features:
Front Porch, Patio
Lot Features:
Back Yard, Landscaped, Level
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-CG
Listed Date:
Nov 08, 2024
Days on Mkt:
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  • Photo 16: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
    Virtually Staged
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    Virtually Staged
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  • Photo 20: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
    Family Bathroom
  • Photo 21: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
    Virtually Staged - Primary
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  • Photo 23: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
    2 piece ensuite washroom
  • Photo 24: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
    Virtually Staged Rec Room - Basement
  • Photo 25: 58 Brae Glen Lane SW in Calgary: Braeside Row/Townhouse for sale : MLS®# A2177817
    Private Backyard
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3D Tour

Listed by RE/MAX First
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$472,444
Min list price:
$199,987
Max list price:
$789,900
Avg days on market:
34
Min days on market:
3
Max days on market:
145
Avg price per sq.ft.:
$407.91
These statistics are generated based on the current listing's property type and located in Braeside. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706