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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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46 Windermere Road SW
Wildwood Calgary T3C 3K3

$750,000
Residential beds: 3 baths: 2.0 1,042 sq. ft. built: 1956

Main Photo: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 1: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 2: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 3: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 4: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 5: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 6: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 7: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 8: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 9: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 10: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 11: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 12: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 13: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 14: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 15: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 16: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 17: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 18: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
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Photo 20: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 21: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 22: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 23: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 24: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 25: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
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Photo 30: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 31: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 32: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 33: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 34: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 35: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 36: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Photo 37: 46 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2171909
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171909
Bedrooms:
3
Bathrooms:
2
Year Built:
1956
* New Offering Price * Are you looking for options? Buy and hold while you redevelop? Investment property to take advantage of the zoning for future value? Looking to move into an amazing neighbourhood and create your own memories while not sacrificing on space? This charming 3-bedroom, 2-bathroom bungalow sits on a spacious 65 x 100 R-CG lot, offering inner-city living with redevelopment potential and has fantastic curb appeal. The home features numerous upgrades, including a modernized main bathroom, upgraded appliances: stove, oven, microwave, fridge, washer, and dryer, premium hail-proof rubber shakes installed in 2016 with a 15-year transferrable warranty, and most of the windows have been replaced. Spend hours entertaining friends and family in the expansive living room with bright windows. The three bedrooms span the west wing - adjacent to the bathroom, and the main floor is completed with the dining room and kitchen overlooking the back yard! Downstairs, the great room spans the entire width of the home and has room for all your extra curricular activities – plus a gas fireplace. The laundry room is bright and open, with plentiful storage, and there is a second full bathroom nearby. The unique feature of this property is the extra wide lot, and with the double insulated garage being along 42nd – you have access from three sides and an enormous back yard. Surrounded by mature trees, the block patio is perfect for outdoor entertaining and summer lounging. Raised garden boxes with SW exposure are an ideal place to grow you own produce. There are endless possibilities with this home, and it is up to you to pick your own adventure. Call your trusted agent to book a private showing before She Gon’.
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:
1,042 sq. ft.
Main Level Finished Area:
1,042 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
943 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,490 sq. ft.
Lot Frontage:
65'
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1956 (Age: 68)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8819HA
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Rubber
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Basement, Gas, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Lower Level
Wildwood
Built-In Oven, Dishwasher, Dryer, Electric Cooktop, Garage Control(s), Washer, Window Coverings
N/A
Encroachment
Floor
Type
Size
Other
Main Floor
Bedroom
11'1" × 8'10"
Main Floor
Bedroom
10'5" × 8'7"
Main Floor
Bedroom - Primary
11'6" × 11'
Main Floor
Kitchen
13'8" × 12'3"
Main Floor
Dining Room
8'9" × 8'5"
Main Floor
Living Room
15'1" × 12'9"
Lower Level
Laundry
15'8" × 11'5"
Lower Level
Game Room
35'8" × 12'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Lower Level
No
3
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Back Yard, Corner Lot, Front Yard, Lawn, Garden, Landscaped, Level
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-CG
Listed Date:
Oct 10, 2024
Days on Mkt:
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Listed by Century 21 Bamber Realty LTD.
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