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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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404 70 Saddlestone Drive NE
Saddle Ridge Calgary T3J 0W4

$459,800
Residential beds: 3 baths: 3.0 1,550 sq. ft. built: 2016

Main Photo: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 1: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 2: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 3: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 4: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 5: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 6: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 7: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 8: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 9: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 10: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 11: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 12: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 13: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 14: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 15: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 16: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 17: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 18: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 19: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 20: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 21: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 22: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 23: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 24: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 25: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 26: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 27: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
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Photo 29: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 30: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 31: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Photo 32: 404 70 Saddlestone Drive NE in Calgary: Saddle Ridge Row/Townhouse for sale : MLS®# A2160246
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160246
Bedrooms:
3
Bathrooms:
3
Year Built:
2016
Welcome to the beautiful community of saddle ridge. Changing your life style or just starting out, this beautiful, stylish, home has the location and layout that is perfect. Backing onto greenspace and a pond, you will enjoy the serenity and peaceful nature of the sitting from your balcony. The back entrance gives immediate access to walking trails. Bright open layout that is warm and welcoming. The spacious foyer leads you upstairs to the main living area which has a very spacious family room that is perfect for family and/or friends to come together, perfect dining space and a good size kitchen with breakfast bar, pantry, beautiful stainless steel appliances and lots of counter space. On the next level up you have the Primary bedroom with 3 piece En-suite bathroom and a very large walk-in closet - big enough for him and her.Two more bedrooms, full main bathroom and laundry room on this level. There is also a 2 piece guest bathroom and a Den that would be ideal for computer/ home office on the first level. Attached heated garage with tandem parking for two cars that you will really appreciate in the winters. Quiet and very well maintained. Close to many amenities - Walk to the shopping center, Daycare, Medical Office, Prayer hall, transit, parks and schools.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,550 sq. ft.
Main Level Finished Area:
830 sq. ft.
Upper Level Finished Area:
720 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$340.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Includes:
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:
South
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2016 (Age: 8)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1812054
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Door Opener, Insulated, Oversized, Tandem
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Saddle Ridge
Park, Parking, Snow Removal, Trash, Visitor Parking
Dishwasher, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
NONE
Condo/Strata Approval
Restrictions
Floor
Type
Size
Other
2nd Floor
Living Room
17'3" × 17'1"
2nd Floor
Kitchen
13'10" × 11'1"
2nd Floor
Dining Room
11'6" × 6'
2nd Floor
Balcony
13'4" × 5'1"
2nd Floor
Office
7'1" × 5'8"
3rd Floor
Bedroom - Primary
11'9" × 9'10"
3rd Floor
Bedroom
12'4" × 8'4"
3rd Floor
Bedroom
10'11" × 8'5"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
5' x 5'1"
3rd Floor
No
4
4'11" x 8'4"
3rd Floor
Yes
4
7'7" x 8'5"
Title to Land:
Fee Simple
Community Features:
Airport/Runway, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Granite Counters, High Ceilings, No Animal Home, No Smoking Home
Exterior Features:
Balcony, Playground
Patio And Porch Features:
Balcony(s)
Lot Features:
Creek/River/Stream/Pond, No Neighbours Behind, Landscaped, Street Lighting, Underground Sprinklers
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-2M
Listed Date:
Aug 29, 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:
107
Avg list price:
$599,900
Min list price:
$229,900
Max list price:
$7,499,000
Avg days on market:
37
Min days on market:
1
Max days on market:
221
Avg price per sq.ft.:
$402.52
These statistics are generated based on the current listing's property type and located in Saddle Ridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706