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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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274 Creekstone Hill SW
C-168 Calgary T0L 0X0

$819,000
Residential beds: 3 baths: 3.0 2,040 sq. ft. built: 2024

Main Photo: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 1: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 2: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 3: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 4: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 5: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 6: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Photo 7: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168458
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
SPEC HOME - FEB POSSESSION. "Pineview" by NuVista Homes has a SUNSHINE BASEMENT, backs on green space, and is located on a traditional lot in the semi-estate & estate community of Hudson in SW Calgary, surrounded by a nature reserve. This 3 bed, 2.5 bath home is currently under construction. It features a Gourmet Kitchen with upgraded Samsung built-in appliances, quality cabinetry, and quartz countertops, along with a designer interior colour package. Main floor has luxury vinyl plank flooring throughout, gas fireplace with tile to ceiling surround, and an 11'x10' rear deck for outdoor enjoyment. Potlights are included in the kitchen and master bedroom, as well as upgraded light fixtures throughout. The spacious master bedroom includes a 5 piece ensuite and a walk-in closet. A side entrance and 9' foundation is included which is ideal for a future development. Hardie board exterior siding, stained fiberglass front door and numerous interior upgrades. Photos are representative.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,040 sq. ft.
Main Level Finished Area:
920.67 sq. ft.
Upper Level Finished Area:
1,119.33 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,358 sq. ft.
Lot Frontage:
35'4"
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:
6
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2311521
Heating:
Electric, Forced Air, Natural Gas
Basement:
Full, Unfinished, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Cement Fiber Board, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Insert
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
Pine Creek
Built-In Oven, Dishwasher, Gas Stove, Microwave, Refrigerator, Freezer, Gas Water Heater
N/A
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Great Room
13' × 12'9"
Main Floor
Dining Room
11'6" × 10'
Main Floor
Flex Space
10'1" × 7'11"
Upper Level
Bedroom - Primary
15'3" × 12'6"
Upper Level
Bedroom
12'5" × 11'4"
Upper Level
Bedroom
12'11" × 11'4"
Upper Level
Media Room
12'6" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
No
4
0' x 0'
Upper Level
Yes
5
0' x 0'
Title to Land:
Fee Simple
Community Features:
Golf, Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Double Vanity, High Ceilings, Kitchen Island, Separate Entrance, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Backs on to Park/Green Space
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-G
Listed Date:
Sep 26, 2024
Days on Mkt:
  • Photo 1: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
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  • Photo 2: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
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  • Photo 3: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
    Photo 3 of 7
  • Photo 4: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
    Photo 4 of 7
  • Photo 5: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
    Photo 5 of 7
  • Photo 6: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
    Photo 6 of 7
  • Photo 7: 274 Creekstone Hill SW in Calgary: C-168 Detached for sale : MLS®# A2168458
    Photo 7 of 7
Listed by Bode Platform Inc.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$759,900
Min list price:
$542,325
Max list price:
$1,370,000
Avg days on market:
20
Min days on market:
2
Max days on market:
148
Avg price per sq.ft.:
$395.02
These statistics are generated based on the current listing's property type and located in C-168. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706