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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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111 595 Mahogany Road SE
Mahogany Calgary T3M 2Z5

$673,900
Residential beds: 3 baths: 3.0 1,461 sq. ft. built: 2023

Main Photo: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 1: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 2: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 3: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 4: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 5: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 6: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 7: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 8: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 9: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 10: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 11: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 12: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 13: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 14: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 15: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 16: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 17: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Photo 18: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2145787
Bedrooms:
3
Bathrooms:
3
Year Built:
2023
** 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 ** **YOU KNOW THE FEELING WHEN YOU'RE ON HOLIDAYS?** Welcome to Park Place of Mahogany. The newest addition to Jayman BUILT's Resort Living Collection are the luxurious, maintenance-free townhomes of Park Place, anchored on Mahogany's Central Green. A 13 acre green space sporting pickle ball courts, tennis courts, community gardens and an Amphitheatre. Discover the PINOT! An elevated courtyard facing suite townhome with park views featuring the OAK AND ORE ELEVATED COLOUR PALETTE. You will love this palette - The ELEVATED package includes; two-tone kitchen cabinets - Tafisa Viva Black slab kitchen lowers and Vicenza Oak slab kitchen uppers accented with stylish black hardware, coal black Blanco Precis sink, Ceratec Glossy White Chevron Series tile, Luxe Noir Quartz in the kitchen and Elegant White Quartz in all of the baths. The home welcomes you into over 1700 sq ft of developed fine living showcasing 3 bedrooms, 2.5 baths, flex room, den and a DOUBLE ATTACHED SIDE BY SIDE HEATED GARAGE. The thoughtfully designed open floor plan offers a beautiful kitchen boasting a sleek Whirlpool appliance package, undermount sinks through out, a contemporary lighting package, Moen kitchen fixtures, Vichey bathroom fixtures, kitchen back splash tile to ceiling and upgraded tile package through out. Enjoy the expansive main living area that has both room for a designated dining area, additional flex area and enjoyable living room complimented with a nice selection of windows making this home bright and airy along with a stunning liner feature fireplace to add warmth and coziness. North and South exposures with a deck and patio for your leisure. The Primary Suite on the upper level, overlooking the greenspace, includes a generous walk-in closet and 5 piece en suite featuring dual vanities, stand alone shower and large soaker tub. Discover two more sizeable bedrooms on this level along with a full bath and convenient 2nd floor laundry. The lower level offers you yet another flex area for even more additional living space, ideal for a media room or den/office. Park Place home owners will enjoy fully landscaped and fenced yards, lake access, 22km of community pathways and is conveniently located close to the shops and services of Mahogany and Westman Village. Jayman's standard inclusions for this stunning home are 6 solar panels, BuiltGreen Canada Standard, with an EnerGuide rating, UVC ultraviolet light air purification system, high efficiency furnace with Merv 13 filters, active heat recovery ventilator, tankless hot water heater, triple pane windows, smart home technology solutions and an electric vehicle charging outlet. To view your Dream Home today, visit the Show Home at 174 Mahogany Centre SE. WELCOME TO PARK PLACE!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,461 sq. ft.
Main Level Finished Area:
705 sq. ft.
Upper Level Finished Area:
756 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$296.00
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions
HOA Fee Frequency:
Annually
HOA Fee Includes:
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
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2410682
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
Builder:
Jayman BUILT
New Constr.:
Yes
Construction Material:
Cement Fiber Board, Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Door Opener, Heated Garage, See Remarks, Side By Side
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$450.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Mahogany
Clubhouse, Park, Picnic Area
Dishwasher, Electric Range, Garage Control(s), Microwave, Range Hood, Refrigerator, Tankless Water Heater
N/A
Building Restriction, Pet Restrictions or Board approval Required, Pets Allowed, Utility Right Of Way
Yes
Floor
Type
Size
Other
Main Floor
Kitchen
12'3" × 9'1"
Main Floor
Dining Room
12'10" × 9'
Main Floor
Living Room
13'4" × 11'
Main Floor
Den
9' × 7'8"
Upper Level
Laundry
3'9" × 3'6"
Upper Level
Bedroom - Primary
11'3" × 10'3"
Upper Level
Walk-In Closet
6'4" × 4'6"
Upper Level
Bedroom
11'4" × 9'6"
Upper Level
Bedroom
10'4" × 9'3"
Lower Level
Other
11'3" × 9'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 5'4"
Upper Level
Yes
5
6'2" x 10'3"
Upper Level
No
4
8'1" x 5'
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, Double Vanity, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Smart Home, Tankless Hot Water, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Courtyard
Patio And Porch Features:
Balcony(s)
Lot Features:
Landscaped, See Remarks
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
TBD
Listed Date:
Jun 30, 2024
Days on Mkt:
  • Photo 1: 111 595 Mahogany Road SE in Calgary: Mahogany Row/Townhouse for sale : MLS®# A2145787
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Listed by Jayman Realty Inc.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$673,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
37
Min days on market:
1
Max days on market:
376
Avg price per sq.ft.:
$455.77
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706