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)
Contact Diane Richardson Easily With These Simple Steps:
Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.
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!
HOME SWEET HOME! This is your RARE OPPORTUNITY to own this breathtaking, RENOVATED, luxurious bungalow in UPPER SCARBORO on a massive 70’ x 115’ lot with mature landscaping. Featured in this dream home are 5 bedrooms, 3.5 bathrooms, 4,410+ SQFT of magnificently modern living space professionally designed by Melinda Richardson at Premise Design, exquisite curb appeal and pride of ownership throughout. The main floor offers a spectacular open concept layout loaded with natural sunlight, PANORAMIC, DOWNTOWN SKYLINE VIEWS and sleek finishing's. You will find a large living room with floor to ceiling windows & cozy concrete panel wood burning fireplace, formal dining room, DREAM GOURMET CHEFS KITCHEN with a focal point center Quartztile island, backsplash & walls, eating bar, sophisticated lighting fixtures, sleek 2 tone/black cabinetry, walk-in pantry, pull-out pantry shelves & premium stainless steel appliances including a 48” Wolf stove, Sub-Zero refrigerator, Wolf microwave drawer & Miele dishwasher. Completing the floor is a generous sized bedroom/office, lavish 2 piece vanity bathroom & the prestigious primary bedroom with two closets & spa-like 5 piece ensuite bathroom with double vanity sinks & tile surround shower with double shower heads & duel bench seating. Heading downstairs to the WALKOUT BASEMENT you will find 3 additional great-sized bedrooms, lovely 3 piece bathroom, 4 piece bathroom, a massive family/recreation room with a wet bar with a built-in fridge, freezer, ice maker, built-in dish washing drawer, custom tilework & Dekton countertop, huge laundry room, fitness room/solarium with access to the backyard & a large utility room with ample storage space. Outside you will find a massive FRONT PORCH to relax in, back balcony with your unrivalled, unobstructed Downtown views, a double attached garage with driveway parking & a massive backyard that is waiting for your special touches. HOME UPGRADES include new electrical including panels, plumbing & insulation, new European ‘tilt and turn’ windows & doors, skylights, custom blinds, new lighting fixtures, engineered hickory hardwood & imported Italian porcelain tile flooring, custom concrete panels, custom metal work on railings & fireplace screens, 2 new furnaces, 2 humidifiers, air conditioning, hot water on demand, water softener, HVAC system for kitchen fan, custom cabinetry throughout with soft close doors and drawers, shoe storage in front hall, custom closets, laundry chute in primary bedroom, bathroom upgrades include flush shower transitions, Dekton countertops, free standing tub in lower bath, steam shower, rain head & body sprays in master bathroom, high end taps & fixtures. This highly coveted location is steps from all the amenities 17th Ave SW and Downtown Calgary have to offer, green spaces, pathways, trendy shopping, bars & coffee shops, schools, public transportation, the LRT & all other major amenities. This home is a MUST VIEW! Book your private viewing of this CUSTOM GEM today!
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, See Remarks, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Family Room, Gas Starter, Living Room, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Door Opener, Garage Faces Front, Heated Garage, Insulated, Oversized, Workshop in Garage
Parking Places:
4.0
Parking Total/Covered:
4 /
-
Laundry Features:
Laundry Room, Lower Level, Sink
Scarboro/Sunalta West
Bar Fridge, Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Gas Stove, Microwave, Other, Range Hood, Refrigerator, See Remarks, Tankless Water Heater, Washer, Window Coverings
BASEMENT BAR APPLIANCES - FRIDGE, FREEZER, ICE MAKER, WASHING DRAWER
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'2"3.40 m × 10'2"3.10 m
Main Floor
Breakfast Nook
16'2"4.93 m × 9'9"2.97 m
Main Floor
Dining Room
13'10"4.22 m × 11'3.35 m
Main Floor
Foyer
10'4"3.15 m × 8'2.44 m
Main Floor
Kitchen
20'2"6.15 m × 12'4"3.76 m
Main Floor
Kitchen
25'7"7.80 m × 16'2"4.93 m
Main Floor
Bedroom - Primary
17'9"5.41 m × 16'8"5.08 m
Main Floor
Pantry
00 × 00
Main Floor
Mud Room
00 × 00
Basement
Kitchenette
10'9"3.28 m × 5'2"1.57 m
Basement
Bedroom
16'1"4.90 m × 13'4"4.06 m
Basement
Bedroom
15'11"4.85 m × 9'6"2.90 m
Basement
Bedroom
15'11"4.85 m × 13'9"4.19 m
Basement
Exercise Room
12'2"3.71 m × 11'1"3.38 m
Basement
Laundry
19'4"5.89 m × 13'2"4.01 m
Basement
Game Room
30'3"9.22 m × 22'3"6.78 m
Basement
Furnace/Utility Room
21'2"6.45 m × 18'10"5.74 m
Basement
Storage
00 × 00
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'8" x 3'11"
Main Floor
Yes
4
11'8" x 9'
Basement
No
3
4'11" x 9'11"
Basement
No
4
11'7" x 9'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bar, Built-in Features, Chandelier, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, Natural Woodwork, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, See Remarks, Separate Entrance, Skylight(s), Soaking Tub, Storage, Sump Pump(s), Tankless Hot Water, Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
Balcony, Other, Private Yard, Storage
Patio And Porch Features:
Front Porch, Other
Lot Features:
Back Lane, Back Yard, Fruit Trees/Shrub(s), Front Yard, Level, Rectangular Lot, See Remarks, Sloped, Sloped Down, Views
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
4,881
Avg list price:
$589,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
474
Avg price per sq.ft.:
$435.52
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.