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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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2 Wellington Cove
Westmount_Strathmore Strathmore T1P 1M3

$409,900
Residential beds: 2 baths: 2.0 945 sq. ft. built: 1994

Main Photo: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 1: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 2: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 3: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 4: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 5: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 6: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 7: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 8: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 9: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 10: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 11: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 12: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 13: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 14: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 15: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 16: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 17: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 18: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 19: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 20: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 21: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 22: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 23: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 24: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 25: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 26: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 27: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 28: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 29: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 30: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 31: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 32: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 33: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 34: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 35: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 36: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Photo 37: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173736
Bedrooms:
2
Bathrooms:
2
Year Built:
1994
Welcome to this charming attached bungalow with NO CONDO FEES. Nestled in a peaceful cul-de-sac with excellent access for commuters - this property offers all the space you need for comfortable living. A fully finished home that boasts a thoughtful, open-concept layout with main floor living at its best. Step inside to a bright and airy living space, complete with a cozy front deck to enjoy quiet moments or people watching. The spacious kitchen flows into a welcoming dining area, perfect for both everyday meals and entertaining. The generous sized master bedroom, conveniently located on the main floor, features his and her closets, providing plenty of storage space plus it leads to the "cheater" bathroom. A main floor laundry room adds convenience and makes everyday chores a breeze. The home also offers an oversized attached single garage (L21' x W11'), providing ample room for your vehicle and additional storage. Outside, enjoy your beautifully landscaped south facing backyard with no neighbors behind, ensuring maximum privacy. The back deck is perfect for relaxing or hosting friends and family. A perfect property for investors and first time homebuyers - it is located within a short walking distance to Westmount Elementary School. With NO CONDO FEES and so many thoughtful features, this property offers the ideal blend of comfort, privacy, and convenience. Book a showing today with your AWESOME Realtor.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
945.12 sq. ft.
Main Level Finished Area:
945.12 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
885.08 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,572 sq. ft.
Lot Frontage:
20'⅛"
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:
Entry Level:
1
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1994 (Age: 30)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9410119
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum, Vinyl Plank
Cooling:
Wall Unit(s)
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Laundry Room, Main Level
Westmount_Strathmore
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
N/A
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Bedroom
11'8" × 9'7"
Main Floor
Dining Room
9'11" × 8'4"
Main Floor
Kitchen
13'11" × 10'11"
Main Floor
Laundry
8'6" × 6'7"
Main Floor
Living Room
16'1" × 11'3"
Main Floor
Bedroom - Primary
14'6" × 11'2"
Lower Level
Bonus Room
14'11" × 12'1"
Lower Level
Den
12'2" × 11'6"
Lower Level
Game Room
31'7" × 18'8"
Lower Level
Storage
9'4" × 2'9"
Lower Level
Furnace/Utility Room
7'4" × 7'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
9'3" x 7'5"
Lower Level
No
3
7'11" x 6'
Title to Land:
Fee Simple
Community Features:
Golf, Lake, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Ceiling Fan(s)
Exterior Features:
None
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Low Maintenance Landscape, No Neighbours Behind, Level
Num. of Parcels:
0
Fencing:
Fenced
Region:
Wheatland County
Zoning:
R3
Listed Date:
Nov 06, 2024
Days on Mkt:
  • Photo 1: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 4: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Main floor laundry room
  • Photo 5: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Den or second bedroom
  • Photo 6: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Den or second bedroom
  • Photo 7: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 8: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Spacious kitchen
  • Photo 9: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Generous sized pantry and lots of cabinetry
  • Photo 10: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 11: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Large dining area. Note the vaulted ceilings
  • Photo 12: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 13: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Comfortable living room with garden door to the rear yard
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  • Photo 16: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    "Cheater" bathroom with access from the living area and master bedroom
  • Photo 17: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Master bedroom
  • Photo 18: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 19: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Access to the bathroom from closet area in master bedroom
  • Photo 20: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Games room area
  • Photo 21: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 22: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Lower level bathroom
  • Photo 23: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Family room in lower level
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  • Photo 28: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Rear deck
  • Photo 29: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Additional rear deck
  • Photo 30: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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  • Photo 33: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
    Note the location is very close to Westmount Elementary School
  • Photo 34: 2 Wellington Cove: Strathmore Row/Townhouse for sale : MLS®# A2173736
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Virtual Tour

Listed by CIR Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$529,900
Min list price:
$179,999
Max list price:
$2,200,000
Avg days on market:
33
Min days on market:
4
Max days on market:
214
Avg price per sq.ft.:
$359.28
These statistics are generated based on the current listing's property type and located in Strathmore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706