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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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32 Clydesdale Crescent
Heartland Cochrane T4C 2S5

$535,000
Residential beds: 3 baths: 3.0 1,473 sq. ft. built: 2018

Main Photo: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 1: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 2: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 3: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 4: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 5: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 6: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 7: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 8: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 9: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 10: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 11: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 12: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 13: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 14: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 15: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 16: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 17: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 18: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 19: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 20: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 21: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 22: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 23: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 24: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 25: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 26: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 27: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 28: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 29: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 30: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 31: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 32: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Photo 33: 32 Clydesdale Crescent: Cochrane Semi Detached (Half Duplex) for sale : MLS®# A2175367
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175367
Bedrooms:
3
Bathrooms:
3
Year Built:
2018
Location Location And Quick Possession !! This Bright open floor plan , 2 Storey attached home with a large over sized detached double garage all situated on a quiet culdesac . The main level features large windows , vinyl flooring , an inviting front entry , a large living room, and a chefs kitchen .Th kitchen offers a double oven, lots of beautiful white cabinets , deep drawers ,a pantry, and a huge gleaming granite island for entertaining , or Enjoy gatherings in the dinning area . Also on this level a functional home office with custom desk and a 2 piece bathroom . The upper level has 2 bright large bedrooms and a huge primary bedroom with 2 walk in closets a 3 piece ensuite with a mountain view. Also on this level is a deep laundry room with shelving and storage. The lower level is un spoiled roughed in for a bathroom ready for the family to create a space to enjoy. The rear detached garage is insulated and drywalled features 220 wiring , shelving and a paved lane. The front yard is landscaped and the private rear yard offers a stamped concrete patio , tranquil perennial gardens , and a rear deck for the BBQ enthusiasts .This home shows pride of ownership and a great use of all the space with this well thought out floor plan . No condo fees , close to shopping, parks, path system in sought after community Heartland.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Side by Side
Total Living Area:
1,472.57 sq. ft.
Main Level Finished Area:
643.33 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,796 sq. ft.
Lot Frontage:
23'8"
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:
East
Reg. Size:
Reg. Size Includes:
Entry Level:
0
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
Year built:
2018 (Age: 6)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1810113
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
220 Volt Wiring, Double Garage Detached, Garage Door Opener, Insulated
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Laundry Room, Upper Level
Heartland
Dishwasher, Double Oven, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
13' × 11'
Main Floor
Kitchen
13'3" × 9'1"
Main Floor
Living/Dining Room Combination
13'11" × 13'4"
Main Floor
Office
5'9" × 5'5"
2nd Floor
Bedroom
12'5" × 9'4"
2nd Floor
Bedroom
12'5" × 9'5"
2nd Floor
Laundry
6'5" × 5'4"
2nd Floor
Bedroom - Primary
14'1" × 13'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'3"
2nd Floor
Yes
3
11'9" x 4'11"
2nd Floor
No
4
7'11" x 5'
Title to Land:
Fee Simple
Community Features:
Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s), Granite Counters, Kitchen Island, No Smoking Home, Open Floorplan, Storage, Vinyl Windows
Exterior Features:
BBQ gas line, Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Cul-De-Sac, Front Yard, Lawn, Native Plants
Num. of Parcels:
0
Fencing:
Fenced
Region:
Rocky View County
Zoning:
R-MX
Listed Date:
Oct 25, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
188
Avg list price:
$659,900
Min list price:
$249,900
Max list price:
$1,375,000
Avg days on market:
34
Min days on market:
1
Max days on market:
399
Avg price per sq.ft.:
$370.65
These statistics are generated based on the current listing's property type and located in Cochrane. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706