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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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174 Mt Douglas Point SE
Douglasdale/Glen Calgary T2Z 3J7

$935,000
Residential beds: 4 baths: 4.0 2,091 sq. ft. built: 1998

Main Photo: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 1: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 2: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 3: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 4: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 5: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 6: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 7: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 8: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 9: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 10: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 11: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 12: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 13: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 14: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 15: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 16: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 17: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 18: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 19: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Photo 20: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160263
Bedrooms:
4
Bathrooms:
4
Year Built:
1998
Visit REALTOR® website for additional information. 174 Mt Douglas Point conveniently nestled in an established quiet crescent within McKenzie Lake, just steps away from the Ridge, Bow River, Fish Creek pathways, and minutes from the amenities South Trail Crossing has to offer! Over 3000 square feet of developed space with upgrades throughout. The main floor features light maple hardwood, oversized windows, living room with 24 foot ceilings, an open kitchen with two-tiered island, dining room, breakfast area, powder room and laundry room. Upstairs features a master bedroom with four-piece ensuite and retreat area and oversized windows. Two additional bedrooms and a full three-piece bath complete the second floor to perfection. Downstairs features a fourth bedroom, three-piece bathroom, entertainment and rec room, wet bar, wine room and oversized windows
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:
2,090.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,098 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:
West
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
10
Year built:
1998 (Age: 26)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9712617
Heating:
ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air
Basement:
Finished, Full
Foundation:
Perimeter Wall, Poured Concrete
New Constr.:
No
Construction Material:
Manufactured Floor Joist, Silent Floor Joists, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
See Remarks, Shake
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Slate, Vinyl
Cooling:
Central Air, ENERGY STAR Qualified Equipment
Fireplaces:
2
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Douglasdale/Glen
Bar Fridge, Central Air Conditioner, Dishwasher, Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Garage Control(s), Garburator, Gas Range, Gas Water Heater, Humidifier, Microwave, Range Hood, Refrigerator, Satellite TV Dish, Stove(s), Water Softener, Window Coverings
N/A
Easement Registered On Title, Restrictive Covenant-Building Design/Size, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Entrance
8'3" × 5'2"
Main Floor
Office
13'9" × 10'
Main Floor
Laundry
8' × 5'7"
Main Floor
Dining Room
13'2" × 8'11"
Main Floor
Living Room
15' × 13'1"
Main Floor
Dining Room
9'5" × 8'7"
Main Floor
Kitchen
15'1" × 14'4"
Main Floor
Pantry
7'7" × 6'2"
Main Floor
Other
11'11" × 11'11"
2nd Floor
Bedroom
15' × 9'6"
2nd Floor
Bedroom
10'4" × 10'3"
2nd Floor
Bedroom - Primary
15'1" × 11'
2nd Floor
Nursery
9'5" × 8'
2nd Floor
Walk-In Closet
7'8" × 5'6"
Basement
Wine Cellar
9'3" × 4'6"
Basement
Storage
12'8" × 8'6"
Basement
Game Room
16'2" × 15'10"
Basement
Other
5'8" × 2'5"
Basement
Flex Space
15' × 13'7"
Basement
Bedroom
12'6" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 4'2"
2nd Floor
No
4
5' x 8'3"
2nd Floor
Yes
4
7'10" x 8'10"
Basement
No
3
8'4" x 8'
Title to Land:
Fee Simple
Community Features:
Fishing, Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Ceiling Fan(s), Chandelier, French Door, High Ceilings, Kitchen Island, Natural Woodwork, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Recreation Facilities, See Remarks, Soaking Tub, Storage, Walk-In Closet(s), Wet Bar
Exterior Features:
Garden, Other, Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard, Front Yard, Lawn, Garden, Reverse Pie Shaped Lot, Landscaped, Level, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
r-cg
Listed Date:
Aug 25, 2024
Days on Mkt:
  • Photo 1: 174 Mt Douglas Point SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2160263
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Listed by PG Direct Realty Ltd.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$609,900
Min list price:
$356,900
Max list price:
$1,899,900
Avg days on market:
39
Min days on market:
1
Max days on market:
208
Avg price per sq.ft.:
$412.24
These statistics are generated based on the current listing's property type and located in Douglasdale/Glen. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706