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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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2120 19 Street
NONE Nanton T0L 1R0

$775,000
Residential beds: 2 baths: 3.0 3,372 sq. ft. built: 2010

Main Photo: 2120 19 Street: Nanton Detached for sale : MLS®# A2149873
Photo 1: 2120 19 Street: Nanton Detached for sale : MLS®# A2149873
Photo 2: 2120 19 Street: Nanton Detached for sale : MLS®# A2149873
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Photo 39: 2120 19 Street: Nanton Detached for sale : MLS®# A2149873
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2149873
Bedrooms:
2
Bathrooms:
3
Year Built:
2010
This property was built in 2010 features a 1300 square foot bungalow, and 2072 commercial space with ample parking and Highway #2 exposure. This place is in excellent condition and is in "LIKE NEW" or "MINT" condition. The footprint of this building is 3982 square feet, and the lot measures 100 feet (frontage) x 120 feet (depth - frontage on Highway #2). The commercial space is designed so that all interior walls can be removed (balloon framed) so that it can easily be retrofitted to accommodate pretty much any business that will fit into this square footage. The home is super cute and clean as a whistle with 2 bedrooms plus a den/office, a 4-piece ensuite bathroom, plenty of storage, and multiple entrances. The attached garage is more like a workshop, but there is a beautiful, covered carport with great sheltering for one vehicle. Nanton is growing in popularity, as it is an affordable place to live, and within commuting distance to Calgary. Come on down and take a private tour at your convenience.
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:
3,372 sq. ft.
Main Level Finished Area:
3,372 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,300 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
12,000 sq. ft.
Lot Frontage:
100'1"
Lot Details:
100 x 120
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
7
Year built:
2010 (Age: 14)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
3163L
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Crawl Space, Partial
Foundation:
Poured Concrete, Slab
Builder:
G & JD Construction
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Attached Carport, Double Garage Attached, Garage Door Opener, Heated Garage, Parking Lot
Parking Covered:
1.0
Parking Places:
9.0
Parking Total/Covered:
9 / 1
Laundry Features:
Main Level
NONE
Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer
None
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
16'9" × 10'2"
Main Floor
Dining Room
12'10" × 6'3"
Main Floor
Living Room
24'2" × 13'11"
Main Floor
Other
55'4" × 27'
Main Floor
Den
11' × 8'11"
Main Floor
Laundry
5'5" × 3'
Main Floor
Storage
17'4" × 5'7"
Main Floor
Bedroom - Primary
13'7" × 12'1"
Main Floor
Bedroom
11'6" × 11'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6' x 7'4"
Main Floor
No
4
4'9" x 8'6"
Main Floor
Yes
5
6'11" x 7'11"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Ceiling Fan(s), Central Vacuum, Laminate Counters, Sump Pump(s), Tankless Hot Water, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
See Remarks
Lot Features:
Back Lane, City Lot, Corner Lot, Low Maintenance Landscape, Rectangular Lot
Accessibility Features:
Accessible Entrance
Num. of Parcels:
0
Outbuildings:
None
Fencing:
None
Region:
Willow Creek No. 26, M.D. of
Zoning:
M-DWT
Listed Date:
Jul 16, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Diane Richardson
Cell: 403-397-3706