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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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45 Savanna Alley NE
Saddle Ridge Calgary T3J 0Y7

$859,900
Residential beds: 6 baths: 4.0 2,308 sq. ft. built: 2018

Main Photo: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 1: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 2: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 3: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 4: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 5: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 6: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 7: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 8: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 9: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 10: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 11: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 12: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 13: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 14: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 15: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 16: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 17: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 18: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 19: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 20: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 21: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 22: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 23: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 24: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 25: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 26: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 27: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 28: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 29: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 30: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 31: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 32: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 33: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 34: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 35: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 36: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 37: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 38: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 39: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 40: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 41: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 42: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 43: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Photo 44: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161737
Bedrooms:
6
Bathrooms:
4
Year Built:
2018
4 BEDROOM FRONT GARAGE HOME WITH 2 BED LEGAL BASEMENT SUITE on a CONVENTIONAL LOT. Welcome to the beautiful FRESHLY PAINTED family home in the wonderful community of Savanna in Saddle Ridge! Easy access to Metis Trail, Stoney Trail, Calgary International Airport, shopping, schools and playgrounds makes this community the most desirable one. The OPEN CONCEPT of this home welcomes you to the spacious front foyer, mudroom, a powder room and a den/office on the main floor. Make your way to the upgraded kitchen with high end STAINLESS STEEL APPLIANCES, quartz counter top, CHIMNEY HOOD FAN and a SPICE KITCHEN with GAS COOKTOP for all those cooking adventures. Finally, the spacious living room and dining room backing onto the back lawn completes this floor. Upstairs, you will find good size 4 BEDROOMS, family size bonus room and laundry room for convenience. The primary bedroom features ensuite w/soaker tub, standing shower and his/her sinks. The separate entrance to the 2 BEDROOM LEGAL BASEMENT suite with 9' ceiling, living room, separate furnace, separate laundry is a hassle free revenue generator for the new owner. The extended driveway that can easily accomodate 3 cars and the fenced and landscaped backyard with low deck, RAISED FLOWER BEDS and a good size shed for your storage is another wonderful feature of this home. The garage also features additional space for all your storage requirements. COME and VIEW THIS PROPERTY TODAY!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
2,308 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,788 sq. ft.
Lot Frontage:
34'4½"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2018 (Age: 6)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1712423
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Upper Level
Saddle Ridge
Dishwasher, Dryer, Electric Stove, Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer, Window Coverings
Basement Appliances - Electric Stove, Microwave Hood fan, Refrigerator, Washer-Dryer Stacked
None Known
Floor
Type
Size
Other
Main Floor
Living Room
13'8" × 13'
Main Floor
Kitchen
11'4" × 9'6"
Main Floor
Office
10' × 9'6"
Main Floor
Dining Room
13'4" × 9'8"
Main Floor
Spice Kitchen
6'9" × 5'6"
Upper Level
Bedroom - Primary
13'2" × 12'9"
Upper Level
Bedroom
12'6" × 9'4"
Upper Level
Bedroom
12'5" × 11'2"
Upper Level
Bedroom
12'6" × 9'4"
Basement
Bedroom
12'4" × 11'6"
Basement
Kitchen
11'6" × 9'1"
Basement
Bedroom
12'4" × 11'6"
Basement
Living Room
14'9" × 9'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 4'10"
Upper Level
Yes
5
16'8" x 8'2"
Upper Level
No
5
6'2" x 11'2"
Basement
No
3
7'11" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Bidet, Central Vacuum, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Separate Entrance
Exterior Features:
Barbecue, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck
Lot Features:
City Lot, Cleared, Low Maintenance Landscape, Landscaped, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-1N
Listed Date:
Aug 30, 2024
Days on Mkt:
  • Photo 1: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 5: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Foyer
  • Photo 6: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Mud Room
  • Photo 7: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Flex Room
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  • Photo 9: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Powder Room
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  • Photo 12: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Kitchen
  • Photo 13: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Spice Kitchen
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  • Photo 15: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Dining Room
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  • Photo 22: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bonus Room
  • Photo 23: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 24: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bedroom - Primary
  • Photo 25: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Ensuite
  • Photo 26: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 27: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bedroom 2
  • Photo 28: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 29: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bedrrom 3
  • Photo 30: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 32: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bedrrom 4
  • Photo 33: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 35: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Separate Entrance - Basement
  • Photo 36: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 37: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Kitchen - Basement
  • Photo 38: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bedroom 1- Basement
  • Photo 39: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
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  • Photo 40: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Living room - Basement
  • Photo 41: 45 Savanna Alley NE in Calgary: Saddle Ridge Detached for sale : MLS®# A2161737
    Bedroom 2 - Basement
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Listed by MaxWell Central
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
115
Avg list price:
$614,800
Min list price:
$253,000
Max list price:
$7,499,000
Avg days on market:
22
Min days on market:
1
Max days on market:
167
Avg price per sq.ft.:
$406
These statistics are generated based on the current listing's property type and located in Saddle Ridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706