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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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173 Wapiti Close
Eagle Terrace Canmore T1W 3B2

$1,475,000
Residential beds: 3 baths: 3.0 1,731 sq. ft. built: 2001

Main Photo: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 1: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 2: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 3: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 4: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 5: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 6: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 7: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
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Photo 24: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
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Photo 42: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
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Photo 44: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Photo 45: 173 Wapiti Close: Canmore Semi Detached (Half Duplex) for sale : MLS®# A2175238
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175238
Bedrooms:
3
Bathrooms:
3
Year Built:
2001
Discover the perfect blend of mountain living and modern comfort at 173 Wapiti Close, nestled in the highly desirable Eagle Terrace neighborhood of Canmore. This semi-detached home offers spectacular views of the surrounding peaks, filling every corner with natural light and warmth. With nearly 2,200 sqft of thoughtfully designed living space, this property is ideal as a full-time residence or a relaxing weekend retreat. Boasting three spacious bedrooms, three full bathrooms, and two distinct living areas, plus an office loft, this home provides ample space for both work and relaxation. Recent upgrades include a beautifully renovated primary ensuite, a refreshed guest bathroom, and a stylish kitchen renovation, ensuring the home is move-in ready. The private yard offers a peaceful setting for morning coffee or summer barbecues, while the community playground and local trails lie just steps from your front door. Enjoy the year-round sunshine this elevated location affords, along with the convenience of nearby cafes, shops, and restaurants, all within walking distance. Whether you're drawn to the friendly community vibe, the direct trail access, or the modern comforts inside, this home is perfectly suited for enjoying the best of Canmore’s mountain lifestyle. Make 173 Wapiti Close your gateway to adventure.
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:
3 Level Split, Side by Side
Total Living Area:
1,731 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
446 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,284 sq. ft.
Lot Frontage:
24'7"
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:
1
Levels:
Three Or More
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
Year built:
2001 (Age: 23)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9811923
Heating:
Forced Air, Zoned
Basement:
Finished, Partial, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Siding
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Wood
Cooling:
None
Fireplaces:
2
Fireplace Details:
Family Room, Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Eagle Terrace
Dishwasher, Electric Range, Garage Control(s), Microwave, Refrigerator
N/A
Short Term Rentals Not Allowed
Floor
Type
Size
Other
Main Floor
Laundry
5'9" × 5'7"
Main Floor
Bedroom
12'6" × 9'11"
Main Floor
Bedroom
12'1" × 11'8"
Upper Level
Kitchen
11'6" × 11'3"
Upper Level
Dining Room
15'3" × 11'
Upper Level
Living Room
15'6" × 12'10"
Upper Level
Loft
10'1" × 8'9"
Upper Level
Bedroom - Primary
13'4" × 12'8"
Upper Level
Balcony
21' × 6'
Lower Level
Foyer
14'5" × 13'4"
Lower Level
Family Room
21'11" × 15'2"
Lower Level
Storage
5'8" × 4'7"
Lower Level
Furnace/Utility Room
6'6" × 4'5"
Lower Level
Balcony
18'4" × 10'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'8"
Upper Level
Yes
4
9'6" x 12'9"
Lower Level
No
4
5'6" x 8'7"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Kitchen Island, Open Floorplan, Separate Entrance, Skylight(s), Soaking Tub, Storage, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior Features:
Balcony, Private Entrance, Private Yard
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Yard, Cul-De-Sac, Lawn, Street Lighting, Pie Shaped Lot, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Bighorn No. 8, M.D. of
Zoning:
R2
Listed Date:
Oct 25, 2024
Days on Mkt:
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3D Tour

Virtual Tour

Listed by Sotheby's International Realty Canada
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
147
Avg list price:
$1,199,000
Min list price:
$69,995
Max list price:
$8,717,800
Avg days on market:
60
Min days on market:
3
Max days on market:
843
Avg price per sq.ft.:
$878.05
These statistics are generated based on the current listing's property type and located in Canmore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706