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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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154 Prestwick Landing SE
McKenzie Towne Calgary T2Z 3S3

$525,000
Residential beds: 3 baths: 2.0 1,051 sq. ft. built: 1999

Main Photo: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 1: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 2: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 3: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 4: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 5: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 6: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 7: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 8: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 9: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 10: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 11: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 12: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 13: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 14: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
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Photo 17: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
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Photo 20: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 21: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 22: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 23: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 24: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 25: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 26: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 27: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 28: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 29: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 30: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 31: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 32: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Photo 33: 154 Prestwick Landing SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177244
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177244
Bedrooms:
3
Bathrooms:
2
Year Built:
1999
Welcome to this fabulous home located in the heart of the vibrant community of McKenzie Towne! With over 1900 square feet of living space, this home features a spacious, bright & sunny, open floor plan with vaulted ceilings, laminate flooring and a cozy gas fireplace, perfect for spending the chilly winter evenings by. The upgraded kitchen is a chef's delight with a never-before-used brand-new LG range, newer stainless steel appliances, a breakfast bar and a pantry. Upstairs, you will find the gorgeous primary bedroom with a walk-in closet and a beautiful shared ensuite with a jetted tub, separate shower and spacious linen closet. The second bedroom is perfect for a nursery, child’s, or guest room. Downstairs is a large, bright family room, a perfect spot to kick back, relax, and enjoy a movie night. There is also a third bedroom and additional full bathroom. The fully finished basement offers endless possibilities and can be utilized as a recreation room, a home gym or an additional 4th bedroom. Plus, there is a large laundry room and tons of storage in the massive crawl space. Enjoy the vast south-facing backyard with a deck, gas BBQ hook-up, shed and RV parking. Walk to the playground down the street and the numerous amenities of Mckenzie Towne Centre. Only a 5-minute drive to the full amenities of 130th Avenue, including restaurants, tons of retailers and multiple grocery stores, plus easy access to downtown via Deerfoot Trail. A fantastic lifestyle awaits you! Welcome home!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,050.59 sq. ft.
Main Level Finished Area:
562.75 sq. ft.
Upper Level Finished Area:
487.84 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
943.22 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,799 sq. ft.
Lot Frontage:
34'1"
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:
Floor Location:
Below Grade
Levels:
4 Level Split
Total Rooms Above Grade:
5
Year built:
1999 (Age: 25)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9910606
Heating:
Forced Air, Natural Gas
Basement:
Crawl Space, Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Aluminum Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Additional Parking, On Street, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
HOA Fee:
$226.60
McKenzie Towne
Game Court Interior, Park, Party Room, Playground, Recreation Facilities
Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Refrigerator, Washer
n/a
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
12' × 10'1"
Main Floor
Kitchen
12' × 7'11"
Main Floor
Living Room
14' × 13'
Upper Level
Bedroom
10'2" × 10'
Upper Level
Bedroom - Primary
13'8" × 10'11"
Lower Level
Bedroom
13'3" × 9'6"
Lower Level
Family Room
17'9" × 13'3"
Basement
Laundry
12'6" × 10'5"
Basement
Game Room
24' × 20'8"
Basement
Furnace/Utility Room
8'5" × 6'11"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
14'5" x 9'10"
Lower Level
No
4
8'4" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Walking/Bike Paths
Interior Features:
Breakfast Bar, High Ceilings, Open Floorplan, Pantry
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Rectangular Lot
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 08, 2024
Days on Mkt:
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Virtual Tour

Listed by Sotheby's International Realty Canada
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$441,200
Min list price:
$290,000
Max list price:
$959,800
Avg days on market:
23
Min days on market:
5
Max days on market:
83
Avg price per sq.ft.:
$391.28
These statistics are generated based on the current listing's property type and located in McKenzie Towne. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706