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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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60 Auburn Glen Gardens SE
Auburn Bay Calgary T3M 1P1

$869,000
Residential beds: 4 baths: 3.0 2,419 sq. ft. built: 2013

Main Photo: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 1: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 2: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 3: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 4: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 5: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 6: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 7: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 8: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 9: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 10: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
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Photo 12: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 13: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
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Photo 22: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 23: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
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Photo 25: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
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Photo 29: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 30: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Photo 31: 60 Auburn Glen Gardens SE in Calgary: Auburn Bay Detached for sale : MLS®# A2160650
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160650
Bedrooms:
4
Bathrooms:
3
Year Built:
2013
This exquisite Baywest custom-built residence offers a perfect fusion of modern elegance, functional design, and family-friendly features. Nestled in the highly sought-after Auburn Bay community, this property is situated on a low-traffic street, providing the serenity you desire while ensuring quick access to major routes. Residents of Auburn Bay enjoy access to a wealth of amenities, including a pristine lake/beach, courts and indoor facilities. As you step into this meticulously maintained home, you are greeted by a spacious and inviting atmosphere. The main level features a generously sized office with elegant French doors, perfect for work or study. The heart of the home is the gourmet kitchen. This space is equipped with ceiling-height cabinets, a large flat island and an array of upgraded appliances, including double oven convection oven. A corner pantry provides ample storage and the TV/Media hub is a fantastic feature, allowing for seamless entertainment integration within the cabinetry. Connected to the kitchen are the dining area and open-concept living room with custom gas fireplace with stylish mantel. Oversized windows and numerous pot lights illuminate the space, providing abundant natural light and an unobstructed view of the beautifully landscaped backyard. Ascending to the upper level, you’ll find the luxurious master suite, a true retreat within the home. This spacious bedroom is enhanced by large windows and a sliding patio door that opens to a private balcony. The ensuite features a large soaker tub, walk-in shower, dual vanities, and a generous walk-in closet. The upper level also includes 3 additional bedrooms, another full bathroom and the bonus room, complete with built in surround sound. The oversized laundry room is a versatile and practical space for busy families. The partially finished basement offers endless possibilities for family enjoyment and activities. With its durable plywood walls, this space is designed to handle various activities, from floor hockey to skateboarding and gymnastics. A partitioned area provides additional options for use as a media room, gaming space, or extra bedroom. The enclosed utility room provides ample storage space. The massive heated double garage boasts an impressive 32’ depth and 22’ width, totaling a remarkable 642 sqft. This extra space allows for two large vehicles, with additional room for storage, workshop, or recreational equipment. The 12’ ceiling enhances the versatility of the space, offering numerous storage possibilities while the expanded driveway allows space for up to 3 vehicles. The backyard is an entertainer’s paradise. The 11’x17’ covered deck provides ample space for BBQs, parties, and year-round enjoyment. A well-maintained yard with underground sprinklers ensure a lush, green lawn throughout the seasons and the ground-level trampoline is an irresistible feature for children and active adults alike. The home is equipped with a 1 year old AC, making it a truly complete package.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,419 sq. ft.
Main Level Finished Area:
1,038 sq. ft.
Upper Level Finished Area:
1,381 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,038 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,370 sq. ft.
Lot Frontage:
38'
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:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2013 (Age: 11)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1112305
Heating:
Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway, Heated Garage
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Upper Level
HOA Fee:
$494.00
Auburn Bay
Beach Access, Park, Playground
Central Air Conditioner, Dishwasher, Microwave Hood Fan, Refrigerator, Stove(s)
Kitchen TV, Trampoline, Garage workbench and mounted cabinets
None Known
Floor
Type
Size
Other
Main Floor
Office
12'11" × 8'
Main Floor
Kitchen
12'8" × 12'8"
Main Floor
Dining Room
12' × 12'
Main Floor
Living Room
15' × 14'10"
Upper Level
Bonus Room
11'3" × 10'4"
Upper Level
Bedroom - Primary
16'11" × 14'10"
Upper Level
Bedroom
12' × 9'11"
Upper Level
Bedroom
10'11" × 10'5"
Upper Level
Bedroom
10'11" × 9'8"
Upper Level
Laundry
10'11" × 5'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
5
0' x 0'
Upper Level
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Double Vanity, French Door, Granite Counters, Kitchen Island, Pantry
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s), Deck, Front Porch
Lot Features:
Back Yard, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-1N
Listed Date:
Aug 26, 2024
Days on Mkt:
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Listed by ROYAL LEPAGE COMMUNITY REALTY
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$539,900
Min list price:
$284,800
Max list price:
$1,275,000
Avg days on market:
14
Min days on market:
1
Max days on market:
91
Avg price per sq.ft.:
$416.48
These statistics are generated based on the current listing's property type and located in Auburn Bay. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706