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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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4851 Mardale Road NE
Marlborough Calgary T2A 4H1

$589,000
Residential beds: 5 baths: 3.0 1,476 sq. ft. built: 1973

Main Photo: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 1: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 2: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 3: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 4: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 5: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 6: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 7: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 8: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 9: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 10: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 11: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 12: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 13: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 14: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 15: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 16: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 17: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 18: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 19: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 20: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 21: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 22: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 23: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 24: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 25: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 26: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
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Photo 30: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
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Photo 32: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 33: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 34: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 35: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 36: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 37: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 38: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 39: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 40: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 41: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 42: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 43: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 44: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Photo 45: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174379
Bedrooms:
5
Bathrooms:
3
Year Built:
1973
Calling All Big Families! This fantastic home offers 5 bedrooms and 2.5 bathrooms, plus an illegal suite. The main floor features a spacious kitchen, inviting living room, and formal dining area. Laundry is rough-in on the main floor with current setup in the basement. Enjoy the privacy of a large, fenced backyard with no neighbors behind, as it backs onto a school field. Additional perks include a single-car garage and a parking pad perfect for RV parking! Conveniently located near TransCanada Mall and within walking distance to schools, a church, and shopping.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey
Total Living Area:
1,476 sq. ft.
Main Level Finished Area:
770 sq. ft.
Upper Level Finished Area:
706 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
770 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,005 sq. ft.
Lot Frontage:
59'9"
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:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
1973 (Age: 51)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1547LK
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level
Marlborough
Dryer, Electric Stove, Range Hood, Refrigerator, Stove(s), Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
14'6" × 11'4"
Main Floor
Dining Room
11'4" × 10'8"
Main Floor
Living Room
18'2" × 12'8"
Main Floor
Laundry
10'4" × 4'8"
2nd Floor
Bedroom - Primary
14'8" × 10'
2nd Floor
Bedroom
9'6" × 9'4"
2nd Floor
Bedroom
10'10" × 10'8"
2nd Floor
Bedroom
12'10" × 9'4"
Basement
Family Room
13'10" × 10'8"
Basement
Kitchen
14'6" × 12'2"
Basement
Bedroom
10'10" × 8'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'8" x 5'6"
2nd Floor
No
4
5' x 7'8"
Basement
No
4
6'2" x 7'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Smoking Home
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, City Lot, Front Yard, Lawn, Low Maintenance Landscape, Interior Lot, Landscaped, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Oct 31, 2024
Days on Mkt:
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    Half Bath on Main
  • Photo 12: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
    Dining Room
  • Photo 13: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
    Dining Room
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    Living Room
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    Living Room
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    Laundry on Main
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    2nd Floor Bath
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  • Photo 31: 4851 Mardale Road NE in Calgary: Marlborough Detached for sale : MLS®# A2174379
    Basement Kitchen
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    Basement Bath
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Listed by The Real Estate District
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$599,000
Min list price:
$475,000
Max list price:
$659,900
Avg days on market:
34
Min days on market:
7
Max days on market:
72
Avg price per sq.ft.:
$522.15
These statistics are generated based on the current listing's property type and located in Marlborough. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706