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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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191 Fyffe Road SE
Fairview Calgary T2H 1C2

$609,900
Residential beds: 2 baths: 2.0 1,020 sq. ft. built: 1959

Main Photo: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 1: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 2: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 3: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 4: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 5: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 6: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 7: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 8: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 9: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 10: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 11: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 12: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 13: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 14: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 15: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 16: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 17: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 18: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 19: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 20: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 21: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 22: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 23: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 24: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 25: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 26: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 27: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 28: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 29: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 30: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 31: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 32: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 33: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 34: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 35: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 36: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 37: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Photo 38: 191 Fyffe Road SE in Calgary: Fairview Detached for sale : MLS®# A2157432
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2157432
Bedrooms:
2
Bathrooms:
2
Year Built:
1959
We welcome you to this ONE OWNER hidden gem at one of the best locations in Fairview. Whether you prefer to refurbish and restore the architectural charm this meticulously maintained Bungalow emanates or construct a modern home... the option is yours. The main floor features a massive primary bedroom and another sizeable bedroom, a large living room, 4-piece bathroom, and a kitchen with ample light. The basement has two more rooms that could be converted to additional bedrooms, another full 3-piece bathroom, as well as a tremendously spacious bonus room. Completing this property is a charming backyard, and a heated oversized Double Detached Garage. The property is right beside Le Rois Daniels School & Fairview Park, and is within close proximity to Calgary Farmer's Market, Chinook Centre, and Deerfoot Meadows Mall.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,020.47 sq. ft.
Main Level Finished Area:
1,020.47 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
922.56 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,500 sq. ft.
Lot Frontage:
55'
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:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1959 (Age: 65)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
3323HR
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
Central Air, Rough-In
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Heated Garage, Oversized, Parking Pad
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
Fairview (Calgary)
Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer, Window Coverings
None
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'3" × 8'9"
Main Floor
Dining Room
12'3" × 10'7"
Main Floor
Kitchen
11'2" × 8'3"
Main Floor
Living Room
19'1" × 11'7"
Main Floor
Bedroom - Primary
17'2" × 11'7"
Basement
Flex Space
10'11" × 10'9"
Basement
Den
10'9" × 9'9"
Basement
Office
11'11" × 10'9"
Basement
Game Room
19'9" × 16'10"
Basement
Storage
6'10" × 5'2"
Basement
Furnace/Utility Room
14' × 6'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Back Yard, Garden, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
Aug 16, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
5,132
Avg list price:
$599,900
Min list price:
$134,900
Max list price:
$10,000,000
Avg days on market:
24
Min days on market:
0
Max days on market:
618
Avg price per sq.ft.:
$441.56
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706