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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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124 Crimson Ridge Place NW
C-483 Calgary T3L 0K4

$919,900
Residential beds: 3 baths: 3.0 2,002 sq. ft. built: 2024

Main Photo: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 1: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 2: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 3: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 4: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 5: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 6: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 7: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 8: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 9: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 10: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 11: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 12: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 13: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 14: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 15: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 16: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 17: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Photo 18: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2159935
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Nestled in the heart of Calgary’s newest NW community of CRIMSON RIDGE, The SONOITA Build by master builder DOUGLAS HOMES exudes both modern elegance and functionality. Nestled alongside the Links Ridge Golf Course, the residence boasts a captivating open floor plan with a main floor office/ flex room, creating versatile spaces for both work and leisure. The warmth of a fireplace graces the great room, complemented by a gourmet kitchen featuring quartz countertops, 42" upper cabinets, spacious Island and stainless steel appliances. The main floor is adorned with hardwood flooring. 9’ ceilings and 8’doors giving a grandeur feel though-out the main floor. Walk-in pantry and a thoughtfully placed powder room complete the main floor. Ascending to the upper floor reveals 3 bedrooms, loft , and a convenient laundry room. The primary suite boasts a roomy walk-in closet and 5 piece ensuite featuring a stylish freestanding soaker tub, separate shower, double vanity and tile floors. Additionally, there are two more sizeable bedrooms with ample closet space. One of the standout features of this house is the Loft , This versatile space can be used as an, entertainment room, play area, hobby room, or quiet place to relax and enjoy a good book. Unspoiled basement thoughtfully laid out allowing you to create your dream space. The exterior allure includes an extended garage and an inviting deck, backing onto Links Ridge Golf Course, providing an ideal setting for relaxation and entertainment. Living in Crimson Ridge means you'll have easy access to a variety of amenities, including upscale shopping, dining options, and recreational activities. The nearby parks and green spaces provide ample opportunities for outdoor adventures and a strong sense of community. To sum it up, this upcoming home in Crimson Ridge is an excellent chance to own a contemporary gem in one of Calgary's most sought-after neighbourhoods. With its smart design and picturesque surroundings, this home embodies a sophisticated yet comfortable lifestyle. Don't miss out on the opportunity to be part of this exceptional community. * Photos are not a true representation of this home. Photo's are taken from a similar home to showcase finishings.
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:
2,002 sq. ft.
Main Level Finished Area:
879 sq. ft.
Upper Level Finished Area:
1,123 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,564 sq. ft.
Lot Frontage:
35'7½"
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:
Unit Exposure:
South
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2311677
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
Douglas Homes Ltd.
New Constr.:
Yes
Construction Material:
Mixed, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Concrete Driveway, Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Haskayne
Dishwasher, Gas Range, Humidifier, Microwave, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Great Room
18'2" × 14'
Main Floor
Kitchen
13' × 13'
Main Floor
Dinette
10'9" × 9'
Main Floor
Flex Space
10'8" × 8'11"
Upper Level
Bedroom - Primary
15' × 13'10"
Upper Level
Bedroom
11' × 10'2"
Upper Level
Bedroom
11'1" × 10'3"
Upper Level
Loft
14' × 12'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
No
4
0' x 0'
Upper Level
Yes
5
0' x 0'
Title to Land:
Fee Simple
Community Features:
Golf, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Double Vanity, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, See Remarks, Separate Entrance
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Backs on to Park/Green Space, See Remarks, Zero Lot Line
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-G
Listed Date:
Aug 22, 2024
Days on Mkt:
  • Photo 1: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 1 of 18
  • Photo 2: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 2 of 18
  • Photo 3: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 3 of 18
  • Photo 4: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 4 of 18
  • Photo 5: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Quartz Counterotp
  • Photo 6: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Powder coated iron railings
  • Photo 7: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 7 of 18
  • Photo 8: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    main floor flex room
  • Photo 9: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 9 of 18
  • Photo 10: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Photo 10 of 18
  • Photo 11: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Powder room
  • Photo 12: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    pendant lighting
  • Photo 13: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Dinette
  • Photo 14: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    loft/bonus room
  • Photo 15: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    ensuite
  • Photo 16: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    large window in staircase
  • Photo 17: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    Laundry room
  • Photo 18: 124 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2159935
    tiled shower
Listed by Real Broker
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$909,900
Min list price:
$289,900
Max list price:
$1,599,999
Avg days on market:
27
Min days on market:
1
Max days on market:
70
Avg price per sq.ft.:
$431.96
These statistics are generated based on the current listing's property type and located in C-483. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706