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)
Contact Diane Richardson Easily With These Simple Steps:
Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.
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!
This splendid French Provence-inspired estate encompasses over 14,000 sq ft of meticulously crafted living space on a generous 0.60-acre lot. With 6 bedrooms, 7 full bathrooms, 5 half-bathrooms, 5 fireplaces, 9 car heated garage, it embodies opulent estate living against the backdrop of a lush private reserve. An architectural masterpiece, this home harmoniously fuses the finest in French & Italian craftsmanship. Every corner of this bespoke dwelling is adorned with custom-made chandeliers, exquisite light fixtures, ornate French door handles, luxurious curtains, & solid kitchen cabinets w/ French styling. Upon arrival through the wrought-iron electric gate, a grand interlocking driveway leads to majestic double front doors.
The foyer welcomes you with soaring 20 ft ceilings, dramatic dual curved staircase adorned w/ custom wrought iron, French parquet floors & crystal chandeliers imported from Italy. The formal seating area, nestled between the 24 guest dining room & piano room, exudes timeless elegance. Adjacent is a parlour room w/ gas fireplace & curved windows offering serene views of the backyard. On the main floor, discover a gourmet Provence-inspired kitchen w/ ceiling-height cabinetry, granite countertops, prep island, baker's counter & top-of-the-line appliances, including a Sub-Zero refrigerator, a coffee station, a Wolf professional dual-oven 6-burner range + 2 BBQ grates, 2 built-in dishwashers, built-in freezer, drink cooler, & warming drawer. Adjacent, a Butler's kitchen & large walk-in pantry w/ 2 freezers. Garden doors beckon you to the expansive private backyard. In the west wing, find an office w/ city views, wood-burning fireplace, wet bar, & powder room. Across the hall, a generous family room awaits, complete w/ another wood burning fireplace, sizable guest room w/ its own balcony, a luxurious 4-piece ensuite, & coffee station. The upper west wing hosts an elegant Primary Suite featuring a private balcony, gas fireplace, workout room, & spa-like ensuite w/ a glass vertical & rain shower, his & hers 5-pc. ensuites, & his & hers dressing rooms. Ample closets ensure storage, including an upper-floor laundry. A library-study room featuring floor-to-ceiling shelves, 2 built-in desks, & moving book ladder completes this level. The upper east wing encompasses 3 spacious bedrooms, each offering its own balcony & ensuite. The lower walk-out basement is an entertainment haven, featuring an air conditioned 9 seat theater, popcorn station, bar, billiard area, & wine cellar which has climate control & a tasting area. Additional amenities include a 2nd laundry room, extra bedroom w/ 4-pc ensuite, walk-in closet, office, & 2 more 3-piece bathrooms. Also, a new roof in 2020. Located in the prestigious & exclusive Pump Hill community, this estate offers unparalleled elegance & comfort. Enjoy close proximity to the outstanding schools, Shopping Centers, Southland Leisure Center, Rockyview Hospital, Glenmore Reservoir, sailing club, & Glenmore Park.
Bar Fridge, Built-In Gas Range, Built-In Oven, Built-In Refrigerator, Central Air Conditioner, Dishwasher, Disposal, Dryer, Freezer, Garage Control(s), Microwave, Refrigerator, Trash Compactor, Warming Drawer, Washer, Window Coverings
N/A
Easement Registered On Title, Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Kitchen
25'7.62 m × 19'5.79 m
Main Floor
Dining Room
24'7.32 m × 17'8"5.38 m
Main Floor
Dining Room
31'9.45 m × 18'8"5.69 m
Main Floor
Great Room
31'9.45 m × 18'8"5.69 m
Main Floor
Living Room
20'6"6.25 m × 18'11"5.77 m
Main Floor
Den
19'9"6.02 m × 16'4.88 m
Main Floor
Office
21'11"6.68 m × 19'8"5.99 m
Main Floor
Bedroom
18'11"5.77 m × 18'6"5.64 m
Upper Level
Library
18'8"5.69 m × 11'3.35 m
Upper Level
Bedroom - Primary
24'7.32 m × 19'1"5.82 m
Upper Level
Bedroom
22'7"6.88 m × 12'8"3.86 m
Upper Level
Bedroom
19'8"5.99 m × 13'11"4.24 m
Upper Level
Bedroom
18'8"5.69 m × 13'9"4.19 m
Upper Level
Laundry
7'1"2.16 m × 4'8"1.42 m
Lower Level
Mud Room
15'4"4.67 m × 14'11"4.55 m
Basement
Game Room
39'11.90 m × 31'9.45 m
Basement
Bedroom
18'1"5.51 m × 13'2"4.01 m
Basement
Wine Cellar
20'9"6.32 m × 14'5"4.39 m
Basement
Media Room
26'4"8.03 m × 12'8"3.86 m
Basement
Laundry
10'4"3.15 m × 6'8"2.03 m
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'10" x 8'2"
Main Floor
No
2
6'4" x 9'11"
Main Floor
No
2
5'6" x 6'3"
Main Floor
Yes
4
10'7" x 15'8"
Upper Level
Yes
3
6'4" x 9'8"
Upper Level
No
4
8'1" x 11'11"
Upper Level
No
4
8'1" x 11'3"
Upper Level
Yes
4
18'3" x 17'11"
Upper Level
Yes
4
18'3" x 17'
Basement
Yes
3
8'3" x 9'11"
Basement
No
2
5'9" x 9'3"
Basement
No
2
55'9" x 9'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bar, Bookcases, Breakfast Bar, Built-in Features, Central Vacuum, Chandelier, Crown Molding, Double Vanity, Dry Bar, Granite Counters, High Ceilings, Jetted Tub, Kitchen Island, No Animal Home, No Smoking Home, Pantry, Soaking Tub, Storage, Suspended Ceiling, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Wired for Sound
Exterior Features:
Courtyard, Garden, Private Yard, Rain Gutters
Patio And Porch Features:
Balcony(s), Patio, Terrace
Lot Features:
Backs on to Park/Green Space, Cul-De-Sac, Landscaped, Many Trees, Street Lighting, Pie Shaped Lot
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
4,881
Avg list price:
$589,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
474
Avg price per sq.ft.:
$435.52
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.