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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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205 Allan Crescent SE
Acadia Calgary T2J 0T3

$769,900
Residential beds: 5 baths: 3.0 1,107 sq. ft. built: 1965

Main Photo: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 1: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 2: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 3: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 4: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 5: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 6: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 7: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 8: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 9: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 10: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 11: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 12: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 13: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 14: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 15: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 16: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 17: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 18: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 19: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 20: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 21: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 22: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 23: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 24: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Photo 25: 205 Allan Crescent SE in Calgary: Acadia Detached for sale : MLS®# A2169325
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169325
Bedrooms:
5
Bathrooms:
3
Year Built:
1965
Great location, in the heart of Acadia ,Fully renovated, 2 blocks away from major shopping, near all amenities, large open and bright, 5 bedroom's, 3 full baths, double detached garage, large lot and back yard, Ideal for the growing family.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,107 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,661 sq. ft.
Lot Frontage:
15'2"
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:
3
Year built:
1965 (Age: 59)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
3075JK
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Acadia
Electric Stove, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'8" × 10'10"
Main Floor
Bedroom
11'8" × 10'5"
Main Floor
Bedroom
9'7" × 9'6"
Lower Level
Bedroom
11'6" × 10'5"
Lower Level
Bedroom
12'5" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Main Floor
Yes
4
0' x 0'
Lower Level
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Laminate Counters
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
Sep 28, 2024
Days on Mkt:
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Listed by MaxWell Canyon Creek
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$611,950
Min list price:
$209,900
Max list price:
$769,900
Avg days on market:
21
Min days on market:
5
Max days on market:
124
Avg price per sq.ft.:
$586.39
These statistics are generated based on the current listing's property type and located in Acadia. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706