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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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294 Walgrove Boulevard SE
Walden Calgary T2X 4C8

$780,000
Residential beds: 3 baths: 3.0 2,313 sq. ft. built: 2018

Explore this large and light-filled home.
Photo 1: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 2: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 3: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 4: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 5: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 6: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 7: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 8: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 9: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 10: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 11: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 12: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 13: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 14: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 15: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 16: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 17: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 18: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 19: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 20: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 21: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 22: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 23: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 24: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 25: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 26: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Photo 27: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161567
Bedrooms:
3
Bathrooms:
3
Year Built:
2018
Showcasing an obvious commitment to quality, this home leaves a long-lasting impression with its refined spaces lavished with natural light. Crisp contemporary hardwood flows through the lavish open-plan living room, kitchen, and dining room, extending outdoors for sun-splashed entertaining on the exquisite deck adorned with a beautiful pergola. An electric fireplace warms the living room; offering a pleasant space for the family to spend time together. The kitchen is an elegant, balanced room built around a functional central island topped with light-coloured quartz. A pass-through gives easy access to the pantry and kitchen from the garage. A practical den by the front entrance completes the main floor. Rising up from the centre, a decorative staircase leads to three lavish bedrooms, two sharing a central family bathroom, the main featuring a larger walk-in closet, and a decadent 5-piece spa ensuite. The bedrooms are separated by a large bonus room which can be used as a fourth bedroom. The basement is unfinished and offers great potential for future development. It is up to you to decide if this large flexible space will be turned into a media room, bedroom or family room. A combination of a soaring 9’ ceiling on both floors with large windows makes the natural light shine in. The home includes central A/C which makes for a comfortable environment when the weather dials up. A double garage with an epoxy-covered floor takes the work out of ice scrapping in the winter plus there is an additional parking in a long driveway. Last but not least this house includes a 10 kW grid-connected solar system that generates 10,000 kilowatt hours per year. The solar system is under warranty until September 2045. Don’t miss out!
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:
2,312.97 sq. ft.
Main Level Finished Area:
1,007.94 sq. ft.
Upper Level Finished Area:
1,305.03 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,821 sq. ft.
Lot Frontage:
36'2"
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:
Floor Location:
Ground
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2018 (Age: 6)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1612903
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
Walden
Central Air Conditioner, Dishwasher, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
2 TV wall mounts, alarm system with Ring cameras.
Easement Registered On Title, Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Den
11'2" × 11'1"
Main Floor
Living Room
14'2" × 12'11"
Main Floor
Kitchen
12' × 9'
Main Floor
Dining Room
10'1" × 7'9"
2nd Floor
Bonus Room
13'3" × 13'
2nd Floor
Bedroom - Primary
13' × 13'
2nd Floor
Bedroom
12'9" × 8'11"
2nd Floor
Bedroom
12'4" × 11'4"
2nd Floor
Laundry
9' × 6'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2nd Floor
Yes
5
2nd Floor
No
4
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Breakfast Bar, Closet Organizers, High Ceilings, Kitchen Island, Natural Woodwork, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-1
Listed Date:
Aug 30, 2024
Days on Mkt:
  • Photo 1: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    Explore this large and light-filled home.
  • Photo 2: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    This is the entrance to the house.
  • Photo 3: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    A practical den/office is situated by the front entrance.
  • Photo 4: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The view from the kitchen towards the living room.
  • Photo 5: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The living room features an electric fireplace.
  • Photo 6: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The view from the kitchen towards the dining area.
  • Photo 7: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    A closer look at the dining area.
  • Photo 8: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    Photo 8 of 27
  • Photo 9: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The stainless steel appliances are accentuated by white cabinets.
  • Photo 10: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The door at left opens to a passage to the garage.
  • Photo 11: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    This is a pantry in the passage from the garage to the kitchen.
  • Photo 12: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The view from the dining area to the living room.
  • Photo 13: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    This is a bright living room.
  • Photo 14: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The stairs at the right go to the second floor.
  • Photo 15: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    This is a half bathroom on the main floor.
  • Photo 16: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The bonus room separates primary bedroom and two regular bedrooms.
  • Photo 17: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    It can be used as a fourth bedroom.
  • Photo 18: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    A large primary bedroom features...
  • Photo 19: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    ...a massive walk-in closet...
  • Photo 20: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    ...and luxurious 5-piece en-suite bathroom.
  • Photo 21: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The en-suite bathroom.
  • Photo 22: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The second bedroom upstairs.
  • Photo 23: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The third bedroom upstairs.
  • Photo 24: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    The large laundry room on the second floor.
  • Photo 25: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    This is a main full bathroom upstairs.
  • Photo 26: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    This is a north-facing yard.
  • Photo 27: 294 Walgrove Boulevard SE in Calgary: Walden Detached for sale : MLS®# A2161567
    Relaxing deck off the living room is a perfect place to unwind at the end of the day.
Listed by RE/MAX Real Estate (Central)
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$599,999
Min list price:
$300,000
Max list price:
$1,225,000
Avg days on market:
23
Min days on market:
2
Max days on market:
133
Avg price per sq.ft.:
$400.18
These statistics are generated based on the current listing's property type and located in Walden. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706