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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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161 Seton Villas SE
Seton Calgary T3M 3L8

$789,988
Residential beds: 4 baths: 4.0 1,955 sq. ft. built: 2022

Main Photo: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 1: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 2: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 3: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 4: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 5: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 6: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 7: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 8: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
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Photo 37: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Photo 38: 161 Seton Villas SE in Calgary: Seton Detached for sale : MLS®# A2177485
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177485
Bedrooms:
4
Bathrooms:
4
Year Built:
2022
An incredible opportunity to own this home in the desirable community of Seton. This home is situated on a bright and sunny lot with a west-facing  LANDSCAPED  BACKYARD WITH GARAGE . Home has 3 bedrooms, 2.5 bathrooms and two living spaces plus LEGAL BASEMENT SUITE. Built by award-winning Brookfield Residential, the Oxford model is a stunning home offering nearly 2,000 square feet of living space on the upper floor alone. Open concept main floor boasts 9 ft. ceilings and extended height cabinets and a large island with an upgraded gourmet kitchen package. Luxurious and resilient LVP and tile flooring flow throughout the main level, making it perfect for those with children and pets. The main floor features a generous living room complete with an electric fireplace with plenty of natural light. Completing the main level is a main floor office/flex room, full walk-in pantry, 2 pc powder room and a side entry with access to the lower level. Enjoy the luxury of this large primary bedroom and a beautiful ensuite bathroom with dual sinks and a walk-in tiled shower. A central bonus room makes for the perfect space for the family movie nights. 2 additional bedrooms, a full bathroom and upper-level laundry room complete the upper level. The basement has 9' seilings as well . This home is like new and comes with Alberta New Home Warranty! Located close to the Seton Commercial District, South Health Campus, high school, world's largest YMCA, and future LRT Park n' Ride; this community has everything you need. **Please take a look at 3D tour and call your favourite realtor now
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
1,955 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
724 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,742 sq. ft.
Lot Frontage:
25'4¾"
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:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2022 (Age: 2)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
2111817
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
Seton
Dishwasher, Gas Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
n/a
None Known
Floor
Type
Size
Other
Main Floor
Covered Porch
11'3" × 5'1"
Main Floor
Entrance
6'11" × 5'1"
Main Floor
Living Room
18'11" × 12'10"
Main Floor
Kitchen With Eating Area
16'1" × 8'7"
Main Floor
Pantry
8'5" × 4'7"
Main Floor
Dining Room
11'11" × 9'11"
Main Floor
Den
11'7" × 8'5"
Main Floor
Mud Room
6' × 4'9"
Upper Level
Bedroom - Primary
12'11" × 12'7"
Upper Level
Walk-In Closet
8'11" × 5'1"
Upper Level
Bonus Room
13'3" × 12'3"
Upper Level
Laundry
6'2" × 5'3"
Upper Level
Bedroom
13'2" × 9'2"
Upper Level
Bedroom
12'2" × 9'4"
Basement
Bedroom
17'2" × 9'7"
Basement
Dining Room
9'10" × 7'9"
Basement
Kitchen With Eating Area
8'11" × 7'8"
Basement
Family Room
12'1" × 9'9"
Basement
Storage
10'5" × 3'
Basement
Laundry
4'1" × 3'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'6"
Upper Level
Yes
4
12'11" x 5'7"
Upper Level
No
4
8'11" x 4'11"
Basement
No
4
4'11" x 8'5"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Back Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 05, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Mountain View)
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
89
Avg list price:
$474,900
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
26
Min days on market:
4
Max days on market:
156
Avg price per sq.ft.:
$426.07
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706