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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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5748 Lodge Crescent SW
Lakeview Calgary T3E 5Y7

$875,000
Residential beds: 4 baths: 3.0 1,365 sq. ft. built: 1966

Welcome to Lakeview. A friendly family community
Photo 1: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 2: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 3: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 4: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 5: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 6: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 7: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 8: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 9: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 10: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 11: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 12: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 13: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 14: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 15: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 16: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 17: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 18: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 19: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 20: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 21: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 22: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 23: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 24: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 25: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 26: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 27: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 28: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 29: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 30: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 31: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 32: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 33: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 34: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 35: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 36: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Photo 37: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174297
Bedrooms:
4
Bathrooms:
3
Year Built:
1966
This beautifully maintained Lakeview home is nestled in one of Calgary's most desirable family neighborhoods, perfect for creating cherished memories. Enjoy hosting gatherings in the elegant dining and living rooms, which feature original hardwood floors and a cozy wood-burning fireplace. Natural light flows throughout the main level, thanks to skylights and large windows in the family room offering scenic views of the play areas while you prepare meals in your lovely kitchen. The primary bedroom, equipped with custom built-ins that comfortably fit a queen bed, also offers flexibility for a personal suite setup. It includes a 3-piece ensuite with a shower, complemented by two additional well-sized bedrooms and a 4-piece main bathroom. A separate, spacious side entry enhances the functionality of this home. Downstairs, a large recreation/games room with a sit-up bar provides an ideal space for entertaining, while the basement also includes a 2-piece bath with expansion potential, a fourth bedroom, laundry facilities, and ample storage for all your family needs. For DIY enthusiasts, the large workshop offers flexibility or could be converted to expand the garage into a quad setup. Step outside to the oversized deck with custom storage lockers and dura deck covering, an excellent setting for outdoor gatherings. The generous backyard provides plenty of room for children to play and enjoy warm days. Important updates include a rubber roof (2013) and windows (2012). With walking distance to schools, the Glenmore reservoir pathways and easy access to amenities, this is the perfect location for your next Dream Home.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,365.18 sq. ft.
Main Level Finished Area:
1,365.18 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
827.18 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,500 sq. ft.
Lot Frontage:
39'1"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
8
Year built:
1966 (Age: 58)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
3048JK
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Rubber, See Remarks
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, See Remarks
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Lakeview (Calgary)
Dishwasher, Dryer, Electric Cooktop, Microwave Hood Fan, Oven-Built-In, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
18'11" × 11'11"
Main Floor
Dining Room
9'2" × 8'
Main Floor
Kitchen
14'9" × 9'2"
Main Floor
Family Room
17'3" × 9'3"
Main Floor
Bedroom - Primary
12' × 10'2"
Main Floor
Bedroom
9'6" × 9'4"
Main Floor
Bedroom
12'2" × 8'11"
Main Floor
Foyer
10'11" × 4'2"
Basement
Game Room
12'6" × 12'
Basement
Game Room
23'10" × 10'8"
Basement
Bedroom
14'8" × 11'4"
Basement
Other
5'10" × 4'9"
Basement
Storage
15' × 10'9"
Basement
Workshop
18'4" × 18'
Basement
Furnace/Utility Room
10' × 6'10"
Basement
Furnace/Utility Room
9'8" × 4'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4'6" x 8'8"
Main Floor
No
4
4'10" x 8'11"
Basement
No
2
4' x 4'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
No Animal Home, No Smoking Home, Storage
Exterior Features:
Storage
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Low Maintenance Landscape, Level, See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-C1
Listed Date:
Nov 01, 2024
Days on Mkt:
  • Photo 1: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Welcome to Lakeview. A friendly family community
  • Photo 2: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Your living room & dining room have hardwood floors
  • Photo 3: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    A wood burning fireplace in the living room for the coming winter nights
  • Photo 4: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Large windows stream in natural light
  • Photo 5: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 5 of 37
  • Photo 6: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    The dining room is spacious for entertaining friends & family
  • Photo 7: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    The kitchen has lots of cabinets and counters
  • Photo 8: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 8 of 37
  • Photo 9: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    A nice place for your morning meals
  • Photo 10: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    There is a pantry for you cooking needs
  • Photo 11: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Sky lights and large windows are perfect for your family room
  • Photo 12: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 12 of 37
  • Photo 13: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    The primary bedroom built-ins could be removed to give you added space for your personal suite
  • Photo 14: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Facing your private ensuite
  • Photo 15: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    3-piece ensuite
  • Photo 16: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 16 of 37
  • Photo 17: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Bedroom easily fits a queen bed
  • Photo 18: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Main bath
  • Photo 19: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Bedroom currently set up as an office
  • Photo 20: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    The basement games area
  • Photo 21: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Friends can sit at the bar & visit while you prep
  • Photo 22: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Consider expanding the 2-piece basement bath
  • Photo 23: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Baement family room
  • Photo 24: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 24 of 37
  • Photo 25: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 25 of 37
  • Photo 26: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Utility Storage
  • Photo 27: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Laundry area in the basement
  • Photo 28: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    A huge workshop
  • Photo 29: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Convert the workshop that attachs to the garage to become a quad garage
  • Photo 30: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Garage facing the workshop.
  • Photo 31: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Garage with overhead deck & sheds
  • Photo 32: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 32 of 37
  • Photo 33: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
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  • Photo 34: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 34 of 37
  • Photo 35: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Lots of added storage with the custom sheds on the deck
  • Photo 36: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 36 of 37
  • Photo 37: 5748 Lodge Crescent SW in Calgary: Lakeview Detached for sale : MLS®# A2174297
    Photo 37 of 37
Listed by Royal LePage Benchmark
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
4,937
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:
473
Avg price per sq.ft.:
$435.58
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706