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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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63 Wellington Place SW
Wildwood Calgary T3C 3C4

$999,999
Residential beds: 5 baths: 3.0 1,169 sq. ft. built: 1956

Main Photo: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 1: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 2: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 3: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 4: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 5: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 6: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 7: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 8: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 9: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 10: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 11: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 12: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 13: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 14: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 15: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 16: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 17: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 18: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 19: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Photo 20: 63 Wellington Place SW in Calgary: Wildwood Detached for sale : MLS®# A2147116
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2147116
Bedrooms:
5
Bathrooms:
3
Year Built:
1956
Welcome to 63 Wellington Place, an exceptional bungalow in the heart of Wildwood, Calgary. Located in a serene cul-de-sac, this fully renovated home epitomizes modern luxury. Boasting over 2100 square feet of living space, it features five spacious bedrooms plus an office, including a master suite with an ensuite bathroom, making it 3 full baths. Step inside to discover a meticulously renovated interior with new plumbing, electrical systems, and a custom kitchen adorned with quartz countertops. The fully developed basement offers versatile space for a family room or entertainment area, complete with a stylish wet bar. Outside, the property includes an oversized double garage, a west-facing backyard perfect for evening sunsets, and a wide alleyway for easy access. Recent updates extend to the roof, soffit, fascia, eaves troughing, sidewalks, decks, railings, Hardie siding, acrylic stucco, and board and batten, ensuring a turnkey living experience. Enjoy proximity to Edworthy Park, just a short walk away, offering scenic trails and outdoor activities. This prime location is also minutes from Canada Olympic Park and the ring road, providing quick and easy access to the mountains. Excellent schools, abundant shopping options, and downtown Calgary are conveniently close, making this location ideal for both relaxation and urban convenience. This home presents a rare opportunity to own a meticulously renovated property in one of Calgary’s most desirable neighborhoods. Schedule your private viewing today and experience luxury living at its finest!
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:
1,169 sq. ft.
Main Level Finished Area:
1,169 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
935 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,920 sq. ft.
Lot Frontage:
55'5¾"
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1956 (Age: 68)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7986GW
Heating:
High Efficiency, Exhaust Fan, Fireplace(s), Forced Air, Hot Water, Humidity Control, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cement Fiber Board, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Additional Parking, Alley Access, Double Garage Detached, Garage Door Opener, Garage Faces Rear, Gated, Heated Garage, Insulated, On Street, Parking Pad, Paved, RV Access/Parking, RV Gated
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
In Basement, Laundry Room
Wildwood
Bar Fridge, Convection Oven, Dishwasher, Electric Cooktop, Garage Control(s), Gas Water Heater, Humidifier, Induction Cooktop, Microwave, Oven-Built-In, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
11'2" × 9'10"
Main Floor
Dining Room
13'7" × 10'7"
Main Floor
Living Room
16'2" × 14'
Main Floor
Bedroom - Primary
12'8" × 11'8"
Main Floor
Bedroom
11'2" × 7'11"
Main Floor
Bedroom
9'9" × 9'8"
Basement
Game Room
28'11" × 10'10"
Basement
Laundry
12'3" × 7'2"
Basement
Storage
9'11" × 8'2"
Basement
Office
9'4" × 7'3"
Basement
Bedroom
10'9" × 8'6"
Basement
Bedroom
9'9" × 8'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
5
6'4" x 8'4"
Main Floor
Yes
3
4' x 7'11"
Basement
No
3
4'11" x 8'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bar, Bookcases, Built-in Features, Closet Organizers, Double Vanity, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Recessed Lighting, Soaking Tub, Storage, Vinyl Windows, Wet Bar
Exterior Features:
Balcony, BBQ gas line, Private Yard, Rain Gutters, RV Hookup
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard, Cul-De-Sac, Few Trees, Front Yard, Lawn, Low Maintenance Landscape, Landscaped, Paved
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-C1
Listed Date:
Jul 06, 2024
Days on Mkt:
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Listed by RE/MAX House of Real Estate
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.
Diane Richardson
Cell: 403-397-3706