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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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121 Marmot Walk NW
C-473 Calgary T3R 2B6

$764,900
Residential beds: 4 baths: 3.0 1,796 sq. ft. built: 2023

Main Photo: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 1: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 2: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 3: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 4: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 5: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 6: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 7: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 8: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 9: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 10: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 11: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 12: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 13: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 14: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 15: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 16: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 17: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Photo 18: 121 Marmot Walk NW in Calgary: C-473 Detached for sale : MLS®# A2165505
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165505
Bedrooms:
4
Bathrooms:
3
Year Built:
2023
Exquisite & beautiful, you will be impressed by Jayman BUILT's YOHO with SIDE ENTRANCE model currently being built in the up-and-coming Northwest community of Glacier Ridge. A lovely new neighborhood with parks and playgrounds welcomes you into a thoughtfully planned living space featuring craftsmanship & design. Offering a unique open floor plan featuring an outstanding design for the most discerning buyer! It boasts a stunning GOURMET kitchen with a beautiful center island with a Flush Eating Bar & Sleek stainless-steel appliances, including a KitchenAid 36” gas cooktop, counter Depth French Door with Internal Water and Ice maker, a KitchenAid 30" Built in Wall Oven with microwave combo and Broan BBN3306SS power pack built-in cabinet hoodfan flowing nicely into the adjacent spacious dining room. All are creatively overlooking the main living area, complimented with a stylishly covered veranda and your front Arts & Crafts exterior elevation. To complete the this level you have a main floor bedroom located at the rear of the home with a 3pc full bath for additional family members or those who prefer no stairs. You can look at the upper level, where you will enjoy a full bath, convenient 2nd-floor laundry, and three sizeable bedrooms with the Primary Suite, including a walk-in closet and 4pc ensuite with oversized shower with sliding glass door and dual vanities. The open to below feature adds an added elevation to the home's overall feel. The lower level offers a 3 pc rough-in for future development and awaits your fantastic design ideas - Enjoy the lifestyle you & your family deserve in a beautiful Community you will enjoy for a lifetime. Jayman's standard inclusions feature their Core Performance with 10 Solar Panels, BuiltGreen Canada standard, with an EnerGuide Rating, UV-C Ultraviolet Light Purification System, High-Efficiency Furnace with Merv 13 Filters & HRV unit, Navien Tankless Hot Water Heater, beautiful QUARTZ counter tops throughout, Triple Pane Windows and Smart Home Technology Solutions! Additional features include a Professionally Designed Down to Earth Colour Palette, Convenient Side Entrance, 12’ x 10’ Rear Deck, Raised 9’ Basement Ceiling Height, Rear Concrete Parking Pad, Double Side Yard, Fully Landscaped Front Yard and Park-Facing Covered Front Porch. Save $$$ Thousands: This home is eligible for the CMHC Pro Echo insurance rebate. Help your clients save money. CMHC Eco Plus offers a premium refund of 25% to borrowers who buy climate-friendly housing using CMHC-insured financing. Click on the icon below to find out how much you can save! Show Home Hours: Monday to Thursday: 2:00pm to 8:00pm, Saturday and Sunday: 12:00pm to 5:00pm. ** ALERT – NEW MORTGAGE INFO ** This home qualifies for the 30-year amortization for first-time buyers' mortgages ** Jayman Financial Brokers now available to sign-up **
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:
1,796.16 sq. ft.
Main Level Finished Area:
927.71 sq. ft.
Upper Level Finished Area:
867.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,546 sq. ft.
Lot Frontage:
30'¼"
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:
Two
Total Rooms Above Grade:
7
Year built:
2023 (Age: 1)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
0
Electricity:
Photovoltaics Seller Owned
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
Jayman BUILT by its operating partner Jayman BUILT
New Constr.:
Yes
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Alley Access, Off Street, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$420.00
Glacier Ridge
Gazebo
Built-In Oven, Dishwasher, Gas Cooktop, Microwave, Range Hood, Refrigerator
N/A
Building Design Size
Floor
Type
Size
Other
Main Floor
Kitchen
13' × 9'3"
Main Floor
Dining Room
11' × 9'5"
Main Floor
Great Room
14'11" × 10'
Main Floor
Bedroom
10'2" × 8'8"
Main Floor
Pantry
5'11" × 5'1"
Upper Level
Bedroom - Primary
14'11" × 11'
Upper Level
Bedroom
10'3" × 9'6"
Upper Level
Bedroom
11' × 9'
Upper Level
Laundry
6' × 3'9"
Upper Level
Walk-In Closet
11'8" × 5'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
5'11" x 8'7"
Upper Level
Yes
4
6' x 12'3"
Upper Level
No
4
5'3" x 11'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Street Lights
Interior Features:
Kitchen Island, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Smart Home, Tankless Hot Water, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-G
Listed Date:
Sep 12, 2024
Days on Mkt:
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Listed by Jayman Realty Inc.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$678,000
Min list price:
$427,000
Max list price:
$1,039,000
Avg days on market:
23
Min days on market:
1
Max days on market:
233
Avg price per sq.ft.:
$407.35
These statistics are generated based on the current listing's property type and located in C-473. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706