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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 Allandale Close SE
Acadia Calgary T2H 1V9

$599,000
Residential beds: 3 baths: 2.0 1,029 sq. ft. built: 1969

Main Photo: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 1: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 2: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 3: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 4: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 5: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 6: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 7: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 8: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
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Photo 24: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 25: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
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Photo 30: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 31: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Photo 32: 32 Allandale Close SE in Calgary: Acadia Detached for sale : MLS®# A2176831
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176831
Bedrooms:
3
Bathrooms:
2
Year Built:
1969
Welcome to this delightful and original 3-bedroom bungalow located in the sought-after Acadia neighborhood. Spanning 1,029 sq. ft. on a tranquil 50’ x 103’ lot, this home offers an impressive total of over 2,000 sq. ft. of living space, perfect for families or those looking to settle in a peaceful environment. As you step inside, you'll appreciate the spacious layout that includes a bright living area inviting natural light, a functional kitchen ideal for culinary adventures, and ample storage throughout the home. The bungalow features three well-sized bedrooms, ensuring everyone has their own personal retreat. With the convenience of a 4-piece bathroom and an additional 2-piece bath, hosting family and guests is a breeze. Outside, the generous south-facing backyard is perfect for soaking up the sun. Enhanced by multiple fruit trees and a variety of mature trees and bushes, it creates a serene atmosphere for relaxation or entertaining. The property also includes an oversized single garage, providing plenty of space for your vehicle and additional storage. A paved lane behind the home allows for easy access to the garage, adding convenience to your daily routine. This charming bungalow represents not only a wonderful family home but also a fantastic investment opportunity. With the potential to customize and renovate to your liking, you can truly make this space your own. Acadia is a desirable neighborhood known for its friendly atmosphere and strong sense of community, making it the perfect chance for families to settle in a fantastic area while creating a home that reflects their personal style. Don’t miss out on this charming bungalow in Acadia! Whether you’re looking to invest or find the perfect family home, this property offers a wonderful opportunity to get into a great community. Schedule a viewing today and experience all that this lovely property has to offer!
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:
1,029.24 sq. ft.
Main Level Finished Area:
1,029.24 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
975.22 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,199 sq. ft.
Lot Frontage:
50'
Lot Details:
50' x 102
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Levels:
One
Total Rooms Above Grade:
5
Year built:
1969 (Age: 55)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
6335JK
Heating:
Central, Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Utilities:
Cable Available, Natural Gas Connected, Garbage Collection, Water Connected
Garage:
1
Garage Spaces:
1
Parking:
Double Garage Detached
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Acadia
Bar Fridge, Dishwasher, Dryer, Electric Stove, Freezer, Refrigerator, Washer
Pool Table, Garage Workbench
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'1" × 8'7"
Main Floor
Bedroom
12'4" × 8'
Main Floor
Kitchen
16'1" × 10'11"
Main Floor
Living Room
17'5" × 13'10"
Main Floor
Bedroom - Primary
11'6" × 11'1"
Lower Level
Bonus Room
10'7" × 10'1"
Lower Level
Family Room
20' × 15'5"
Lower Level
Laundry
16'9" × 13'5"
Lower Level
Game Room
15'8" × 12'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 11'
Lower Level
No
2
5'4" x 7'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Dry Bar, No Animal Home, No Smoking Home
Exterior Features:
Awning(s), BBQ gas line, Rain Gutters
Patio And Porch Features:
Awning(s)
Lot Features:
Back Lane, Back Yard, Front Yard, Lawn, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
Nov 01, 2024
Days on Mkt:
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Listed by TREC The Real Estate Company and The Real Estate Company
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