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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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1114 Talon Avenue SW
Upper Mount Royal Calgary T2T 1G1

$4,999,999
Residential beds: 4 baths: 6.0 4,090 sq. ft. built: 2024

Main Photo: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 1: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 2: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 3: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 4: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 5: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 6: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 7: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Photo 8: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2146147
Bedrooms:
4
Bathrooms:
6
Year Built:
2024
Introducing “Charlotte,” a grand Hamptons-style estate home situated on the most desirable tree-lined street in exclusive Mount Royal, directly across from Talon Park. Built by the renowned Trickle Creek Homes, this architectural gem epitomizes the perfect blend of indoor and outdoor living. The charming East Coast contemporary design seamlessly combines style, functionality, and tranquillity. Spanning an impressive 5,590 square feet of living space, this remarkable residence boasts four (potentially five) bedrooms and sets a new quality standard. As you step inside, the allure of 10 ft ceilings and light oak hardwood flooring immediately captures your attention. Abundant natural light pours in through expansive windows, enhancing the beauty of the interiors and fostering an airy, welcoming atmosphere. Thoughtfully selected built-ins, designer lighting, wall treatments, window coverings, and fixtures elevate the already stunning aesthetic, adding an extra touch of luxury. The kitchen, designed for both daily living and grand entertaining, is a dream for culinary enthusiasts. Equipped with top-of-the-line Wolf and Sub-Zero appliances, a coffee bar, and a wine wall, it ensures unparalleled quality and performance. The sleek design and oversized quartzite island make this space as visually pleasing as it is functional. Connected to the kitchen is a formal dining room with a built-in buffet and a cozy living room adorned with a wood-burning fireplace. A year-round heated patio off the speakeasy/lounge top the front of the home, complete with bar taps, and an additional patio at the back of the home seamlessly extend the living area, inviting you to embrace the outdoors with phantom screens and recessed heaters. Upstairs, the primary suite offers an oasis of luxury and comfort. Complete with a spacious bedroom, en-suite bathroom, and generous his-and-hers closets, this suite is designed to fulfill your every need. It also features a private home office, catering to those seeking both productivity and an active lifestyle, plus a rooftop patio offering stunning park views. The secondary bedrooms are equally impressive, each with its own walk-in closet and en-suite bathroom. The basement serves as a true haven for family entertainment, boasting a games and recreation area, gym, and home spa complete with sauna. Additionally, one bedroom with an en-suite completes the lower level, making it perfect for teenagers or guests. For added convenience, a heated triple garage with access to a paved alley provides the luxury of indoor parking. Close to top-rated schools, stunning parks, the Glencoe Club, and shopping, Mount Royal is a coveted neighbourhood with a rich history that captures the essence of refined inner-city living. Estimated completed Fall 2025.
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:
4,090 sq. ft.
Main Level Finished Area:
2,130 sq. ft.
Upper Level Finished Area:
1,960 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,497 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,324 sq. ft.
Lot Frontage:
61'8"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
6.0 (Full:5, Half:1)
Plan:
7080AJ
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Brick, Composite Siding, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Great Room, Wood Burning
Garage:
1
Garage Spaces:
3
Parking:
Triple Garage Detached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Laundry Room
Upper Mount Royal
Bar Fridge, Central Air Conditioner, Dishwasher, Garage Control(s), Range Hood, Refrigerator, Stove(s), Washer/Dryer
na
None Known
Floor
Type
Size
Other
Main Floor
Mud Room
10' × 6'
Main Floor
Pantry
9' × 6'
Main Floor
Kitchen
19'11" × 13'10"
Main Floor
Dining Room
15'4" × 13'1"
Main Floor
Living Room
21'8" × 18'6"
Main Floor
Family Room
13'6" × 13'
Main Floor
Foyer
10'11" × 8'2"
Main Floor
Walk-In Closet
7'2" × 6'
Main Floor
Walk-In Closet
7' × 5'4"
2nd Floor
Bedroom - Primary
15' × 13'4"
2nd Floor
Laundry
9'2" × 7'8"
2nd Floor
Bedroom
13' × 11'8"
2nd Floor
Bedroom
11'7" × 11'
2nd Floor
Flex Space
15'1" × 11'8"
2nd Floor
Walk-In Closet
9'10" × 7'10"
2nd Floor
Walk-In Closet
9'4" × 6'
Basement
Bedroom
12'5" × 10'5"
Basement
Exercise Room
19'10" × 15'
Basement
Game Room
19' × 15'4"
Basement
Game Room
13'7" × 13'2"
Basement
Walk-In Closet
5'6" × 5'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
7'5" x 6'
2nd Floor
Yes
5
9'7" x 18'
2nd Floor
No
4
5'8" x 9'10"
2nd Floor
Yes
3
8' x 6'
2nd Floor
Yes
3
8' x 6'
Basement
No
3
5'7" x 15'4"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Other, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
Bar, Built-in Features, Chandelier, Double Vanity, High Ceilings, Kitchen Island, Open Floorplan, Pantry, See Remarks, Walk-In Closet(s)
Exterior Features:
Balcony, Other
Patio And Porch Features:
Balcony(s), Front Porch, Rear Porch, Screened
Lot Features:
Back Yard, Front Yard, See Remarks
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C1
Listed Date:
Jul 03, 2024
Days on Mkt:
  • Photo 1: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
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  • Photo 2: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
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  • Photo 3: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
    Photo 3 of 8
  • Photo 4: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
    Photo 4 of 8
  • Photo 5: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
    Photo 5 of 8
  • Photo 6: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
    Photo 6 of 8
  • Photo 7: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
    Photo 7 of 8
  • Photo 8: 1114 Talon Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146147
    Photo 8 of 8
Listed by Sotheby's International Realty Canada
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$3,300,000
Min list price:
$539,900
Max list price:
$9,975,000
Avg days on market:
88
Min days on market:
7
Max days on market:
114
Avg price per sq.ft.:
$883.56
These statistics are generated based on the current listing's property type and located in Upper Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706