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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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183 Cougarstone Court SW
Cougar Ridge Calgary T3H 5R3

$829,900
Residential beds: 4 baths: 4.0 2,266 sq. ft. built: 2005

Main Photo: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 1: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 2: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 3: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 4: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 5: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 6: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 7: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
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Photo 37: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Photo 38: 183 Cougarstone Court SW in Calgary: Cougar Ridge Detached for sale : MLS®# A2177533
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177533
Bedrooms:
4
Bathrooms:
4
Year Built:
2005
Welcome to 183 Cougarstone Court SW, in the heart of the popular family community of Cougar Ridge! This 2 storey, one owner home is 2266 SF above grade and has been lovingly maintained throughout the years. Sunny front living room flows into the large dining room. The kitchen offers an eat in breakfast nook, island, tons of cupboard space and a corner pantry. The back family room is bright and spacious with cozy corner stone fireplace. Main floor laundry and a 2 piece bath complete this level. Upstairs you will find 3 good sized bedrooms, including the large primary with ensuite and walk in closet. Large bonus room plus second 4 piece bath. The partially finished basement consists of a fourth bedroom, 3 piece bath, huge rec room and tons of storage including a cold storage. Fenced backyard, double attached garage, close to schools, shopping and public transit! If owning in Cougar Ridge is on your list - don't miss this fantastic family home!
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:
2,266.38 sq. ft.
Main Level Finished Area:
1,191.17 sq. ft.
Upper Level Finished Area:
1,075.21 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,027.09 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,714 sq. ft.
Lot Frontage:
12'6"
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:
Two
Total Rooms Above Grade:
10
Year built:
2005 (Age: 19)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0413187
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
HOA Fee:
$112.93
Cougar Ridge (Calgary)
None
Dishwasher, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
None
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Foyer
8'4" × 7'11"
Main Floor
Kitchen
13'11" × 11'6"
Main Floor
Dining Room
11'9" × 10'2"
Main Floor
Breakfast Nook
8'8" × 8'8"
Main Floor
Living Room
11'9" × 9'11"
Main Floor
Family Room
15'11" × 13'11"
Main Floor
Den
10'8" × 9'6"
Main Floor
Laundry
9'11" × 6'6"
Upper Level
Bonus Room
13'11" × 10'8"
Upper Level
Bedroom - Primary
16'11" × 13'3"
Upper Level
Bedroom
10'8" × 9'11"
Upper Level
Bedroom
11'11" × 10'11"
Basement
Game Room
29'9" × 13'1"
Basement
Bedroom
13'1" × 12'6"
Basement
Furnace/Utility Room
7'5" × 6'8"
Basement
Storage
12'2" × 10'4"
Basement
Cold Room/Cellar
7'5" × 3'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'6" x 4'6"
Upper Level
No
4
4'11" x 8'8"
Upper Level
Yes
4
8'3" x 9'11"
Basement
No
3
4'11" x 8'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Pantry, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard, Corner Lot, Front Yard, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-G
Listed Date:
Nov 05, 2024
Days on Mkt:
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Listed by RE/MAX First
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
4,937
Avg list price:
$589,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
473
Avg price per sq.ft.:
$435.58
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