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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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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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3109 42 Street SW
Glenbrook Calgary T3E 3M4

$899,000
Residential beds: 4 baths: 5.0 1,688 sq. ft. built: 2024

3D Rendering
Photo 1: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 2: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 3: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 4: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 5: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 6: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 7: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 8: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 9: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 10: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 11: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 12: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 13: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 14: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 15: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Photo 16: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176843
Bedrooms:
4
Bathrooms:
5
Year Built:
2024
*STILL HAVE TIME FOR UPGRADES AND INTERIOR PACKAGE CHOICE* Welcome to *Seven by Burj Developments*, a collection of luxury townhomes nestled in the heart of Glenbrook, one of Calgary’s most desirable inner-city neighborhoods. Offering unparalleled access to top schools, lush parks, and vibrant shopping areas, these stunning residences provide the ultimate urban sanctuary. Each three-story townhome boasts a private top-floor master suite, complete with a walk-out balcony, spa-inspired ensuite, and generous closet space, while two additional en-suite bedrooms on the second floor and a fourth bedroom with its own entrance in the basement offer flexibility for all lifestyles.  The thoughtfully designed kitchens feature LED lighting, stylish cabinetry, quartz countertops, and stainless steel appliances, including a French door refrigerator and dishwasher that combine functionality with sleek design. High- end stainless steel appliances ensure sustainable living without compromising style. Choose from two distinct interior packages: the *Pearl Package*, with a light, airy palette, polished quartz surfaces, and soft custom cabinetry for a refined aesthetic; or the *Noir Package*, with rich tones, dark stone surfaces, and striking fixtures for a bolder, contemporary look. High-end finishes abound, including 10ft ceilings on the main floor, 9ft ceilings on the upper floor, a gas fireplace, custom-tiled showers, and upgraded hardware.  With energy-efficient lighting and a personal design consultation included, you can truly make this your dream home. Discover elevated living at Seven by Burj Developments! *please contact for full spec sheet which includes structural and electrical features, Interior/Exterior Selections* Note: Property not built yet. The RMS value displayed in this report was determined by applying RMS principles to construction blueprints/drawings. Photos are 3D renderings and selections may vary a bit.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,688.3 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
574.1 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$250.00
Condo Fee Includes:
Maintenance Grounds
HOA Fee Includes:
Lot Area:
1,966 sq. ft.
Lot Frontage:
17'1½"
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:
East
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Three Or More
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
8158HM
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Cedar, Stucco, Wood Frame
Structure Type:
Other
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Gas, Tile
Garage:
1
Garage Spaces:
1
Parking:
Covered, Garage Door Opener, Quad or More Detached
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Glenbrook
Park
Built-In Oven, Dishwasher, Gas Cooktop, Microwave, Refrigerator
n/a
None Known
Yes
Floor
Type
Size
Other
Main Floor
Living Room
12'6" × 12'
Main Floor
Kitchen
14'6" × 7'6"
Main Floor
Mud Room
7' × 3'4"
Main Floor
Entrance
7'7" × 4'2"
2nd Floor
Bedroom
11' × 10'
2nd Floor
Walk-In Closet
7'8" × 4'
2nd Floor
Laundry
7'8" × 5'6"
2nd Floor
Bedroom
12' × 10'
2nd Floor
Walk-In Closet
10' × 4'
3rd Floor
Bedroom - Primary
14'4" × 11'9"
3rd Floor
Walk-In Closet
9'5" × 4'
3rd Floor
Balcony
16'4" × 4'
Basement
Bedroom
9'5" × 9'5"
Basement
Family Room
14'4" × 10'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2'8" x 7'
2nd Floor
Yes
4
5' x 10'
2nd Floor
Yes
4
7'8" x 5'
3rd Floor
Yes
5
8' x 9'5"
Basement
No
3
6' x 8'
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Built-in Features, Chandelier, Closet Organizers, High Ceilings, Kitchen Island, Walk-In Closet(s)
Exterior Features:
Balcony, Courtyard
Patio And Porch Features:
Balcony(s), Patio, Rear Porch
Lot Features:
Back Lane, Front Yard, Lawn, Low Maintenance Landscape, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
RCG
Listed Date:
Nov 01, 2024
Days on Mkt:
  • Photo 1: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    3D Rendering
  • Photo 2: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    3DRendering
  • Photo 3: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    3D Rendering
  • Photo 4: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Pearl Option
  • Photo 5: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Pearl Option
  • Photo 6: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Pearl Option
  • Photo 7: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Pearl Option
  • Photo 8: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Pearl Option
  • Photo 9: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Pearl Option
  • Photo 10: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
  • Photo 11: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
  • Photo 12: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
  • Photo 13: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
  • Photo 14: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
  • Photo 15: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
  • Photo 16: 3109 42 Street SW in Calgary: Glenbrook Row/Townhouse for sale : MLS®# A2176843
    Noir Option
Listed by eXp Realty
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