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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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32 ambelside Crescent NW
C-527 Calgary T3P 1S6

$684,900
Residential beds: 3 baths: 3.0 1,797 sq. ft. built: 2021

Main Photo: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 1: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 2: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 3: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 4: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 5: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 6: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 7: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
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Photo 22: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 23: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 24: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
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Photo 27: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Photo 28: 32 ambelside Crescent NW in Calgary: C-527 Detached for sale : MLS®# A2165161
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165161
Bedrooms:
3
Bathrooms:
3
Year Built:
2021
Welcome to this charming home in the desirable Ambelton (Moraine) community of Northwest Calgary! This beautifully maintained property features a thoughtful layout with 3 spacious bedrooms and a versatile bonus room on the second level, along with 2 full bathrooms. The main floor boasts a beautifully finished kitchen, perfect for preparing meals and entertaining, adjacent to a bright dining area and a cozy living space. An added bonus is the office room with double doors on the main level, which can easily serve as a fourth bedroom to suit your needs. Additionally, there’s a convenient 2-piece bathroom on the main floor. The unfinished basement, complete with a side entry and rough-ins for future legal basement development, provides endless possibilities for expansion or customization according to your needs. Step outside to your fully fenced yard, featuring professional landscaping that creates a private, serene outdoor retreat. Enjoy the scenic beauty just steps away from your door—a large pond that’s perfect for evening strolls and relaxing walks. This home offers both functionality and style, with plenty of space for a growing family or for those who love to entertain. The Ambelton (Moraine) community is known for its serene surroundings and friendly atmosphere, making it the perfect place to call home. Don’t miss out on this opportunity to own a beautiful property in a fantastic neighbourhood with the added charm of nearby natural beauty and a beautifully landscaped outdoor space! Call your favourite Realtor!
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:
1,797 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,755 sq. ft.
Lot Frontage:
25'4"
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:
Unit Exposure:
East
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2021 (Age: 3)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2012140
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt
Ensuite:
No
Flooring:
Carpet, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room
HOA Fee:
$262.50
Moraine
Other
Dishwasher, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
n/a
None Known
Floor
Type
Size
Other
Main Floor
Office
12'9" × 11'3"
Main Floor
Mud Room
0' × 0'
Main Floor
Living Room
13' × 12'2"
Main Floor
Dining Room
10'8" × 6'3"
2nd Floor
Bedroom - Primary
15'2" × 13'
2nd Floor
Bedroom
12'2" × 9'3"
2nd Floor
Bedroom
12'2" × 9'4"
2nd Floor
Den
13' × 8'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
2nd Floor
No
4
0' x 0'
2nd Floor
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Lake, None, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bathroom Rough-in, Kitchen Island, Quartz Counters
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Garden, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-G
Listed Date:
Sep 11, 2024
Days on Mkt:
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Listed by Realty Executives Pioneers
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$660,000
Min list price:
$474,900
Max list price:
$999,900
Avg days on market:
18
Min days on market:
5
Max days on market:
147
Avg price per sq.ft.:
$381.14
These statistics are generated based on the current listing's property type and located in C-527. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706