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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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967 Bracewood Rise SW
Braeside Calgary T2W 3E8

$669,000
Residential beds: 4 baths: 3.0 1,007 sq. ft. built: 1977

Main Photo: 967 Bracewood Rise SW in Calgary: Braeside Detached for sale : MLS®# A2172196
Photo 1: 967 Bracewood Rise SW in Calgary: Braeside Detached for sale : MLS®# A2172196
Photo 2: 967 Bracewood Rise SW in Calgary: Braeside Detached for sale : MLS®# A2172196
Photo 3: 967 Bracewood Rise SW in Calgary: Braeside Detached for sale : MLS®# A2172196
Photo 4: 967 Bracewood Rise SW in Calgary: Braeside Detached for sale : MLS®# A2172196
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Photo 30: 967 Bracewood Rise SW in Calgary: Braeside Detached for sale : MLS®# A2172196
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172196
Bedrooms:
4
Bathrooms:
3
Year Built:
1977
BACK ON THE MARKET! PRICE REDUCTION! Welcome to 967 Bracewood Rise SW, a masterfully renovated bungalow that redefines modern living in the desirable Braeside community. This exceptional home, with over 1700 square feet of total living space, is designed to impress with its high-end finishes, thoughtful updates, and prime location. Upon entering, you'll immediately notice the abundance of natural light streaming through the new, larger high-efficiency windows on the front fascia, enhancing the home’s energy efficiency while offering beautiful views of the front yard. The main level is both spacious and inviting, featuring a luxurious primary bedroom with a serene 4-piece ensuite bathroom. An additional bedroom and a well-appointed 3-piece bathroom ensure comfort and convenience for family and guests. The gourmet kitchen is a standout feature, equipped with premium plywood cabinetry, a striking waterfall island, and a top-tier Frigidaire Gallery appliance package. Whether you're a culinary enthusiast or enjoy casual dining, this kitchen provides the perfect space to create and entertain. The fully finished basement expands the home’s living space, offering a large, open area ideal for entertaining or relaxing. It includes two additional bedrooms, making it perfect for extended family stays or a home office setup. The basement also boasts a wet bar and a stylish 2-piece bathroom. Outside, the property offers a host of additional features. The detached heated garage is not only practical but also comes pre-wired for electric vehicle charging with a 220V plug-in. The backyard is a rare find, providing ample space for RV or boat parking, making this home a perfect fit for adventure enthusiasts. Located just minutes from Stoney Trail and Anderson Road, this home is ideally positioned near parks, schools, and shopping plazas, offering both luxury and convenience. Don’t miss the chance to own this stunning Braeside bungalow that perfectly balances modern upgrades with practical amenities. Book your private showing today and experience all this exceptional home has to offer.
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:
1,006.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
371 sq. ft.
Lot Frontage:
40'
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:
One
Total Rooms Above Grade:
5
Year built:
1977 (Age: 47)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
7710175
Heating:
High Efficiency
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
220 Volt Wiring, Alley Access, Covered, Double Garage Detached, Garage Door Opener, Garage Faces Rear, Heated Garage, On Street, Oversized
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Braeside (Calgary)
Built-In Oven, Built-In Range, Dishwasher, Microwave, Range Hood, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
15' × 9'
Main Floor
Dining Room
15'1" × 10'
Main Floor
Bedroom - Primary
15'1" × 10'1"
Main Floor
Mud Room
15' × 5'1"
Main Floor
Living Room
15'1" × 15'
Main Floor
Kitchen
16'1" × 12'1"
Basement
Storage
8'1" × 7'
Basement
Bedroom
11'1" × 9'
Basement
Living Room
29'1" × 12'1"
Basement
Bedroom
15' × 8'
Basement
Hall
18'1" × 3'
Basement
Storage
3' × 2'
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6' x 6'1"
Main Floor
Yes
4
4'1" x 8'
Basement
No
2
7'1" x 6'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Bar, Open Floorplan
Exterior Features:
Other
Patio And Porch Features:
Other
Lot Features:
Back Yard, Front Yard, Lawn, Low Maintenance Landscape, Interior Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
Oct 10, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$472,444
Min list price:
$199,987
Max list price:
$789,900
Avg days on market:
34
Min days on market:
3
Max days on market:
145
Avg price per sq.ft.:
$407.91
These statistics are generated based on the current listing's property type and located in Braeside. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706