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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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23 St Moritz Terrace SW
Springbank Hill Calgary T3H 5Y2

$825,000
Residential beds: 3 baths: 3.0 1,721 sq. ft. built: 2005

Main Photo: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 1: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 2: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 3: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 4: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 5: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 6: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 7: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 8: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
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Photo 22: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 23: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 24: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 25: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 26: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Photo 27: 23 St Moritz Terrace SW in Calgary: Springbank Hill Detached for sale : MLS®# A2177798
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177798
Bedrooms:
3
Bathrooms:
3
Year Built:
2005
This ideal family home is located on a quiet crescent with a beautifully treed lot and a west backyard. On the main level you will find an open concept kitchen and living room with soaring 17 – foot ceilings and large windows that flood the space with natural light. The main floor also includes a spacious flex room, ideal for use as a home office or dining area, a gas fireplace, a half bath, and a bright, open dining space that opens onto a rear deck, leading to a fantastic backyard with deck and patio. The master bedroom featuring a 5-piece en-suite including a double vanity, a soaker tub, and a walk-in shower. The second and third bedrooms are spacious and bright, offering plenty of room for the whole family. Updates include chef's kitchen w/ stainless steel appliances, a large island with quartz counter tops, and a pantry. The main and upper floors, as well as the stairs, showcase maple hardwood flooring, complemented by tiled areas. Additional upgrades include central air conditioning, and a high-efficiency furnace and hot water tank, both just three years old. This prime location in Summit of Montreux - Springbank Hill is close proximity to the mountains, shopping centers, excellent schools, playgrounds, the LRT and Stoney Trail.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,721.1 sq. ft.
Main Level Finished Area:
903.79 sq. ft.
Upper Level Finished Area:
817.21 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,908 sq. ft.
Lot Frontage:
29'6"
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:
Levels:
Two
Total Rooms Above Grade:
6
Year built:
2005 (Age: 19)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0414551
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas Log, Glass Doors
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Laundry Room
Springbank Hill
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'5" × 13'
Main Floor
Dining Room
12' × 9'
Main Floor
Office
11'5" × 11'
Upper Level
Bedroom
12'1" × 10'1"
Upper Level
Bedroom
12'8" × 9'4"
Upper Level
Bedroom - Primary
14'2" × 12'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2'8" x 8'7"
Main Floor
No
4
5' x 8'8"
Upper Level
Yes
5
0' x 12'1"
Title to Land:
Fee Simple
Community Features:
Park, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, No Smoking Home, Vaulted Ceiling(s)
Exterior Features:
Playground, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Cul-De-Sac, Low Maintenance Landscape, Rectangular Lot, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-G
Listed Date:
Nov 08, 2024
Days on Mkt:
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Virtual Tour

Listed by Real Estate Professionals Inc.
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$741,000
Min list price:
$273,500
Max list price:
$3,488,000
Avg days on market:
49
Min days on market:
4
Max days on market:
244
Avg price per sq.ft.:
$516.57
These statistics are generated based on the current listing's property type and located in Springbank Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706