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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. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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41 Legacy Glen Row SE
Legacy Calgary T2X 3Y7

$625,000
Residential beds: 3 baths: 3.0 1,619 sq. ft. built: 2017

Main Photo: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 1: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 2: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 3: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 4: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 5: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 6: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 7: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 8: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 9: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 10: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 11: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 12: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 13: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 14: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 15: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 16: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 17: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 18: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 19: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 20: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 21: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 22: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 23: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 24: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 25: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 26: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Photo 27: 41 Legacy Glen Row SE in Calgary: Legacy Detached for sale : MLS®# A2159181
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2159181
Bedrooms:
3
Bathrooms:
3
Year Built:
2017
LARGE PRICE REDUCTION! | TWO STOREY | AIR CONDITIONING | DOUBLE GARAGE| 3 BEDROOMS + BONUS ROOM | Welcome to Legacy Glen Row in the family-friendly SE neighborhood of LEGACY, where this inviting two-story home sets an impressive tone from the moment you step inside. Designed for both entertaining and family life, this inviting home has it all. This "like-new" home embodies contemporary comforts and soul-soothing design. The front porch, perfect for peaceful morning coffees, greets guests warmly. Inside, an abundance of natural light enhances the gleaming floors throughout. The open main floor, with its high ceilings and elegant style, features a bright, modern kitchen, a sophisticated dining room, and a stunning family room. The kitchen showcases modern cabinetry with ample storage, stone counters, an inviting island, stainless steel appliances, a gas stove, and a timeless tile backsplash. A window above the sink allows you to keep an eye on the kids while they play in the yard that is perfect for summer barbecues while the kids enjoy the grassy, fully fenced yard. The living room, with its oversized window is a perfect place to relax. Upstairs you'll find three bedrooms, bonus room, laundry room and two bathrooms. The primary suite with an elegant 3-piece ensuite also features a walk in closet. This level also includes two additional spacious bedrooms, a full family bath, and a convenient upper floor laundry room. The unfinished basement is waiting for your personal touch. Located in a wonderful community, this home keeps your active family busy with nearby amenities such as shops, cafés, restaurants, parks, playgrounds, and more. Golfers will love the proximity to Blue Devil, McKenzie Meadows, and Heritage Pointe Golf Clubs. Sikome Lake and Fish Creek Park are just minutes away drive from Legacy. Plus, it's just a quick drive to anywhere in the city!
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:
1,619.35 sq. ft.
Main Level Finished Area:
748.9 sq. ft.
Upper Level Finished Area:
870.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,820 sq. ft.
Lot Frontage:
26'10½"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2017 (Age: 7)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1612689
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$60.00
Legacy
None
Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Gas Stove, Humidifier, Microwave, Refrigerator, Washer, Window Coverings
NA
Easement Registered On Title, Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Kitchen
11'6" × 11'6"
Main Floor
Dining Room
15' × 7'6"
Main Floor
Living Room
19' × 13'6"
Upper Level
Bonus Room
12' × 11'
Upper Level
Laundry
6' × 3'6"
Upper Level
Bedroom - Primary
14'6" × 11'
Upper Level
Bedroom
10' × 9'6"
Upper Level
Bedroom
10'6" × 9'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'
Upper Level
No
4
5' x 7'6"
Upper Level
Yes
3
7'6" x 8'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
High Ceilings, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Exterior Features:
Lighting, Private Entrance, Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Front Yard, Low Maintenance Landscape, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-1N
Listed Date:
Aug 20, 2024
Days on Mkt:
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Listed by RE/MAX House of Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$639,000
Min list price:
$220,000
Max list price:
$1,399,000
Avg days on market:
35
Min days on market:
1
Max days on market:
230
Avg price per sq.ft.:
$404.29
These statistics are generated based on the current listing's property type and located in Legacy. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706