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Dial 403.397.3706 for Diane Richardson

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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

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

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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930 Prospect Avenue SW
Upper Mount Royal Calgary T2T 0W5

$8,990,000
Residential beds: 5 baths: 6.0 5,298 sq. ft. built: 1912

Main Photo: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 1: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 2: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 3: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 4: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 5: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 6: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 7: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 8: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 9: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 10: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
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Photo 12: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 13: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 14: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
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Photo 17: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
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Photo 21: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 22: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 23: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 24: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 25: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 26: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 27: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
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Photo 30: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
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Photo 43: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 44: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
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Photo 46: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 47: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 48: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Photo 49: 930 Prospect Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2146461
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2146461
Bedrooms:
5
Bathrooms:
6
Year Built:
1912
Introducing a modern-day historic masterpiece in Calgary's most exclusive neighbourhood, Mount Royal. Perched on a sprawling half-acre lot surrounded by mature trees, meticulous landscaping, and a gated, private driveway, this distinguished 6,725 sq. ft. estate home is located on prestigious and quiet Prospect Avenue, one of the most desirable streets in Calgary. Known as the Burns residence, this estate has housed many influential and noteworthy families. Today, the property has undergone a full restoration and transformation into a modern take on luxury design. Special attention has been given to preserving original elements such as the sandstone and brick exterior, copper detailing, grand staircase, stained glass windows, mahogany panelling, quarter-sawn oak flooring, and classic design elements that evoke a sense of nostalgia and grandeur. Complementing these original features are integrated millwork, specialty wall treatments, designer fixtures, lighting, velvet drapery, and limestone and marble detailing. Equally impressive is the addition of an elaborate smart home system, seamlessly integrating contemporary technology with early 20th-century craftsmanship. The state-of-the-art kitchen is a chef's dream, featuring high-end Wolf, Sub-Zero, and Miele appliances, custom cabinetry, and marble countertops, seamlessly blending modern functionality with luxurious aesthetics. The home boasts 5 well-appointed bedrooms, including a primary suite complete with walkthrough closets, a marble en-suite with a volcanic limestone tub, and a serene sunroom perfect for morning yoga. Two offices, an upper-level gym, a billiards room, and a second breakfast sunroom complete the home's appeal. Designed for grand-scale entertaining, the main floor connects seamlessly to a large outdoor sandstone patio with a wood-burning fireplace, an ideal setting for hosting dinner parties. The pièce de résistance is the designer lap pool, showcasing a mosaic of strategically placed glass tiles creating a breathtaking visual display. A charming glass cabana offers versatility, serving as a greenhouse, bar area, or cozy retreat. For golf enthusiasts, a professional-grade putting green provides the perfect spot to practice your game at home. Centrally located, this home offers unparalleled access to the best of Calgary. Enjoy a short stroll to downtown, the city's finest dining, shopping, schools, amenities, and cultural attractions. This exceptional estate is a rare opportunity to own a piece of Calgary's rich history while enjoying the comforts of modern living in the inner city. Schedule a private viewing today and experience this masterpiece firsthand.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
5,297.64 sq. ft.
Main Level Finished Area:
2,002.27 sq. ft.
Upper Level Finished Area:
3,295.36 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,426.83 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
20,591 sq. ft.
Lot Frontage:
119'
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:
Three Or More
Total Rooms Above Grade:
13
Year built:
1912 (Age: 112)
Bedrooms:
5 (Above Grd: 5)
Bedrooms Above Grade:
5
Bedrooms Below Grade:
0
Bathrooms:
6.0 (Full:3, Half:3)
Plan:
6923JK
Heating:
Boiler, In Floor, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, See Remarks, Stone
Structure Type:
House
Roof:
Cedar Shake
Ensuite:
Yes
Flooring:
Hardwood, Marble, Tile
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
7.0
Parking Total/Covered:
7 / -
Laundry Features:
Laundry Room
Upper Mount Royal
Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Gas Stove, Range Hood, Refrigerator, Washer, Window Coverings
na
None Known, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Dining Room
19'1" × 15'
Main Floor
Foyer
13'1" × 7'11"
Main Floor
Kitchen
22'7" × 15'6"
Main Floor
Living Room
28'5" × 19'
Main Floor
Mud Room
12'5" × 4'5"
Main Floor
Office
13'1" × 12'11"
Main Floor
Sunroom/Solarium
15'6" × 7'7"
2nd Floor
Bedroom
18'3" × 13'
2nd Floor
Bedroom
13'1" × 13'
2nd Floor
Bedroom - Primary
26'4" × 18'11"
2nd Floor
Sunroom/Solarium
15'5" × 7'6"
2nd Floor
Walk-In Closet
13'6" × 5'9"
2nd Floor
Walk-In Closet
10'8" × 6'3"
3rd Floor
Bedroom
22'7" × 7'8"
3rd Floor
Bedroom
13' × 12'
3rd Floor
Family Room
30'6" × 19'
Basement
Other
9'1" × 8'3"
Basement
Laundry
17'7" × 15'8"
Basement
Game Room
24'8" × 21'7"
Basement
Storage
14'2" × 12'8"
Basement
Furnace/Utility Room
18'6" × 11'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
8'1" x 3'2"
2nd Floor
No
1
3'2" x 6'2"
2nd Floor
No
3
8'11" x 11'
2nd Floor
Yes
5
18'10" x 11'7"
3rd Floor
No
4
9'4" x 5'7"
Basement
No
2
7'5" x 2'5"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Bar, Beamed Ceilings, Built-in Features, Chandelier, Closet Organizers, Crown Molding, Double Vanity, French Door, Kitchen Island, Natural Woodwork, No Smoking Home, See Remarks, Smart Home, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, Built-in Barbecue, Courtyard, Fire Pit, Garden, Lighting, Other, Outdoor Grill, Private Yard
Patio And Porch Features:
Balcony(s), Other, Patio, See Remarks, Terrace
Lot Features:
Back Yard, Corner Lot, Fruit Trees/Shrub(s), Front Yard, Lawn, Garden, Landscaped, Private, See Remarks
Pool Features:
Outdoor Pool
Num. of Parcels:
0
Outbuildings:
Greenhouse
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Aug 23, 2024
Days on Mkt:
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Listed by Sotheby's International Realty Canada
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$3,285,000
Min list price:
$539,900
Max list price:
$8,990,000
Avg days on market:
108
Min days on market:
8
Max days on market:
153
Avg price per sq.ft.:
$839.92
These statistics are generated based on the current listing's property type and located in Upper Mount Royal. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706