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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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2812A 40 Street SW
Glenbrook Calgary T3E 3J6

$1,199,900
Residential beds: 5 baths: 4.0 2,028 sq. ft. built: 2024

Main Photo: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 1: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 2: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 3: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 4: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 5: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 6: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 7: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 8: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 9: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 10: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 11: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 12: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 13: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 14: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 15: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 16: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 17: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 18: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 19: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 20: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 21: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 22: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 23: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 24: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 25: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Photo 26: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156537
Bedrooms:
5
Bathrooms:
4
Year Built:
2024
Here is the high-end, luxury infill you’ve been waiting for! This 5-BED, 3.5-BATH DETACHED home in beautiful GLENBROOK won’t last long, with its well-thought-out floorplan and 2-BED LEGAL BASEMENT SUITE (subject to permits & approval by the city)! Glenbrook is an incredible community for families of any size, with inner-city living complimented by large lots and mature trees, with direct access to the Optimist Athletic Park and Arenas, Glenbrook Off Leash Area, Glenmeadows School, Turtle Hill, and all the shopping and amenities in the Westhills/Signal Hill shopping district. A large front door with a glass insert brings in lots of light as you are greeted in the foyer, with a built-in bench and hooks. The main level showcases an open-concept floor plan with the dedicated dining room starting it off with oversized West-facing windows flooding the entire level in natural light. The immaculate chef's kitchen has no detail overlooked, with an extra-long central island with bar seating and a nook extension for everyday meals, a modern and timeless tile backsplash, ceiling-height shaker cabinetry, and a full stainless steel appliance package including a double-wide French door fridge, a gorgeous gas cooktop, dishwasher, wall oven and microwave, and space for a beverage fridge. The custom millwork extends into the large living room, with upper shelving and counters on either side of the inset gas fireplace, with direct access to the private deck through the 3-panel regency garden doors. The private powder room sits discreetly off the main living area with designer lighting and a tiled floor. Upstairs, a large bonus room greets you immediately, with a breathtaking vaulted ceiling with skylight, shining light on the inset gas fireplace! The primary suite also features a vaulted ceiling, large windows, an extra-long walk-in closet with built-in shelving, and a luxurious 5-pc ensuite complete with skylight, dual vanity, a freestanding soaker tub, and an oversized walk-in shower. Two secondary bedrooms with built-in closets, a main 4-pc modern bath, and a fully equipped laundry room complete the upper floor. Downstairs, the fully developed 2-bed suite (subject to permits & approvals by the city) is ready for your family, equipped w/ a private side entrance! The U-shaped kitchen offers you tons of space for everyday cooking and enjoying meals on the quartz counters and island with bar seating, ceiling-height cabinetry, a stainless steel appliance package, and a large window above the undermount skink. There is also a spacious living area, two large bedrooms, each with walk-in closets, a modern 4-pc main bathroom, and a separate laundry space! Outside, the DOUBLE DETACHED GARAGE and alley access make it even more convenient for storage and everyday living. Don’t wait, let’s chat about this incredible home today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
3 Storey
Total Living Area:
2,027.51 sq. ft.
Main Level Finished Area:
946.52 sq. ft.
Upper Level Finished Area:
1,080.99 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
803.87 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,620 sq. ft.
Lot Frontage:
38'6"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
Three Or More
Total Rooms Above Grade:
7
Year built:
2024 (Age: 0)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1365AH
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
Builder:
Alberta Renaissance Homes
New Constr.:
Yes
Construction Material:
Composite Siding, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Upper Level
Glenbrook
Built-In Oven, Dishwasher, Gas Cooktop, Microwave, Microwave Hood Fan, Refrigerator
n/a
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17'5" × 12'5"
Main Floor
Kitchen
24' × 8'
Main Floor
Dining Room
11'8" × 10'4"
Main Floor
Mud Room
12'8" × 5'2"
Upper Level
Bedroom - Primary
13' × 13'
Upper Level
Walk-In Closet
17'11" × 5'9"
Upper Level
Bedroom
10'7" × 10'
Upper Level
Bedroom
9'11" × 9'11"
Upper Level
Bonus Room
10'11" × 8'1"
Upper Level
Laundry
7'8" × 6'6"
Lower Level
Furnace/Utility Room
11' × 5'8"
Suite
Bedroom
12'6" × 10'8"
Suite
Bedroom
10'9" × 10'
Suite
Kitchen
9'2" × 7'9"
Suite
Living Room
14'10" × 12'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'5"
Upper Level
No
4
5'4" x 8'9"
Upper Level
Yes
5
10'4" x 10'5"
Suite
No
4
4'11" x 9'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Sidewalks, Street Lights
Interior Features:
Closet Organizers, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Separate Entrance, Vaulted Ceiling(s)
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Dog Run Fenced In, Low Maintenance Landscape, Street Lighting, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-C2
Listed Date:
Aug 18, 2024
Days on Mkt:
  • Photo 1: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Photo 1 of 26
  • Photo 2: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 3: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    *Photos are for inspiration purposes only, actual finishes will vary.
  • Photo 4: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 5: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 6: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 7: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 8: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 9: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 10: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 11: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 12: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 13: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 14: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 15: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 16: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 17: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 18: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 19: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 20: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 21: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Construction Progress | Sept 2024
  • Photo 22: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Community Photo
  • Photo 23: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Community Photo
  • Photo 24: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Community Photo
  • Photo 25: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Community Photo
  • Photo 26: 2812A 40 Street SW in Calgary: Glenbrook Detached for sale : MLS®# A2156537
    Community Photo
Listed by RE/MAX House of Real Estate
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$779,000
Min list price:
$314,900
Max list price:
$1,450,000
Avg days on market:
40
Min days on market:
1
Max days on market:
86
Avg price per sq.ft.:
$524.27
These statistics are generated based on the current listing's property type and located in Glenbrook. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706