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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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10A Beaver Dam Place NE
Thorncliffe Calgary T2K 4X3

$529,900
Residential beds: 4 baths: 2.0 707 sq. ft. built: 1972

Main Photo: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 1: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 2: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 3: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 4: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 5: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 6: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 7: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 8: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 9: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 10: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 11: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 12: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 13: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 14: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 15: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 16: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 17: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 18: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 19: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 20: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 21: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 22: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 23: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Photo 24: 10A Beaver Dam Place NE in Calgary: Thorncliffe Semi Detached (Half Duplex) for sale : MLS®# A2154552
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2154552
Bedrooms:
4
Bathrooms:
2
Year Built:
1972
NEWLY RENOVATED DUPLEX | 4 BEDS | 2 BATHS | DBL DET GARAGE | SEPARATE ENTRANCES - KITCHEN & LAUNDRY! Welcome to this NEWLY RENOVATED bi-level duplex located in the quiet community of Thorncliffe. This home features two separate living spaces, featuring four good-sized bedrooms—two on the upper level and two on the lower level—this home provides ample room for everyone. Each level also includes a fully updated bathroom for convenience. Both levels have their own entrances, kitchens, and laundry facilities, enhancing privacy and practicality. The kitchens are equipped with updated cabinets and are open concept to really utilize the space. Vinyl plank flooring throughout along with natural light really brighten up the whole house. Outside, you'll find a large deck and backyard, perfect for summer and family gatherings. The property includes a spacious double detached garage at the back. Situated in a peaceful cul-de-sac, the location is unbeatable- close to a variety of amenities including schools, parks, shopping, restaurants, and more. Deerfoot, McKnight, and public transportation are easily accessible, making commuting a breeze. Don't miss the opportunity to own this newly renovated duplex in Thorncliffe. Contact your favourite agent today!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bi-Level, Side by Side
Total Living Area:
706.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,079 sq. ft.
Lot Frontage:
19'3½"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
2
Year built:
1972 (Age: 52)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7335JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Thorncliffe
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
10'1" × 8'8"
Main Floor
Bedroom - Primary
11'5" × 9'10"
Basement
Bedroom
11'10" × 9'1"
Basement
Bedroom
11'10" × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'1" x 6'9"
Basement
No
4
10'9" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
Front Porch
Lot Features:
Back Lane, Cul-De-Sac, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-C2
Listed Date:
Aug 04, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$579,850
Min list price:
$225,000
Max list price:
$769,000
Avg days on market:
34
Min days on market:
4
Max days on market:
85
Avg price per sq.ft.:
$571.54
These statistics are generated based on the current listing's property type and located in Thorncliffe. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706