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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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1611 33 Avenue SW
South Calgary Calgary T2T 1Y6

$899,900
Residential beds: 5 baths: 4.0 1,998 sq. ft. built: 2001

Main Photo: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 1: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 2: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 3: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 4: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 5: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 6: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 7: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 8: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 9: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 10: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 11: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 12: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 13: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 14: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 15: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 16: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 17: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 18: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 19: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 20: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 21: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 22: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 23: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 24: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 25: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 26: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 27: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 28: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 29: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 30: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Photo 31: 1611 33 Avenue SW in Calgary: South Calgary Semi Detached (Half Duplex) for sale : MLS®# A2145629
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2145629
Bedrooms:
5
Bathrooms:
4
Year Built:
2001
Amazingly beautiful 2-storey, 5 bedroom duplex located in Mardaloop area close to the downtown area and parks. This unit has artistically designed archways, columns, crown mouldings and 9-foot ceilings with spiral staircase, skylights and big windows for lots of sunshine. The master bedroom offers a vaulted ceiling and double french windows with a slight view of the downtown area. South deck is perfect for barbecue parties with nicely landscaped private backyard and a double detached garage.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Side by Side
Total Living Area:
1,998.5 sq. ft.
Main Level Finished Area:
999.25 sq. ft.
Upper Level Finished Area:
999.25 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
909.68 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,121 sq. ft.
Lot Frontage:
21'
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:
Northwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Below Grade
Entry Level:
0
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
2001 (Age: 23)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
4479P
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Family Room
Water Supply:
Public
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
South Calgary
Dishwasher, Dryer, Electric Stove, Garage Control(s), Humidifier, Microwave, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
12'1" × 6'6"
Main Floor
Living Room
15'5" × 13'6"
Main Floor
Dining Room
13'10" × 12'6"
Main Floor
Kitchen
12'10" × 10'10"
Main Floor
Breakfast Nook
15'7" × 10'4"
2nd Floor
Bedroom - Primary
16' × 13'6"
2nd Floor
Bedroom
15' × 9'8"
2nd Floor
Bedroom
13'1" × 9'10"
2nd Floor
Laundry
7'3" × 3'5"
Lower Level
Bedroom
12'4" × 9'2"
Lower Level
Bedroom
13'8" × 9'8"
Lower Level
Game Room
18'10" × 11'1"
Lower Level
Family Room
16'7" × 12'1"
Lower Level
Furnace/Utility Room
12'1" × 6'10"
Lower Level
Storage
10'4" × 6'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'7" x 4'10"
2nd Floor
Yes
5
15'6" x 5'10"
2nd Floor
No
4
9'7" x 6'
Lower Level
No
4
6'9" x 5'1"
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Chandelier
Exterior Features:
Balcony
Patio And Porch Features:
Deck, Enclosed
Lot Features:
Back Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
RC-2
Listed Date:
Jul 02, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$650,000
Min list price:
$235,000
Max list price:
$2,395,000
Avg days on market:
48
Min days on market:
1
Max days on market:
224
Avg price per sq.ft.:
$451.12
These statistics are generated based on the current listing's property type and located in South Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706