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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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1131 Dorchester Avenue SW
Upper Mount Royal Calgary T2T 1B1

$3,150,000
Residential beds: 4 baths: 5.0 3,678 sq. ft. built: 2008

Main Photo: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 1: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 2: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 3: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 4: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 5: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 6: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 7: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 8: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 9: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 10: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
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Photo 12: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 13: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
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Photo 15: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 16: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 17: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
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Photo 19: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 20: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 21: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 22: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 23: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 24: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 25: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 26: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Photo 27: 1131 Dorchester Avenue SW in Calgary: Upper Mount Royal Detached for sale : MLS®# A2159735
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2159735
Bedrooms:
4
Bathrooms:
5
Year Built:
2008
OPEN HOUSE: SATURDAY AUGUST 24 2-4PM. Discover unparalleled luxury in the heart of Mount Royal with this stunning home, offering over 4,400 sq. ft. of elegant living space across three meticulously designed levels. Situated on a peaceful, low-traffic street with no bus route, this property promises both serenity and convenience. The main floor exudes sophistication with an inviting office, formal living and dining rooms, and a chef’s dream kitchen featuring a central island and cozy eating nook. Adjacent to the kitchen, the spacious family room opens to a sun-drenched south-facing deck and lush yard, perfect for entertaining and relaxation. Ascend to the upper level, where rich hardwood floors lead to a private master retreat, complete with a luxurious lounge and south-facing balcony. Two additional expansive bedrooms, each with their own en-suite bathrooms, and a convenient laundry room complete this level, offering comfort and privacy for the whole family. The lower level is designed for leisure and entertainment, featuring a rec/TV room, wet bar, wine room, an additional bedroom, and a full bath. The attached four-car heated garage and heated driveway are rare inner-city amenities that add to the home's allure. Every detail of this home is crafted to perfection, with extensive millwork and built-ins, an outdoor kitchen and fireplace, hot tub, and a serene waterfall. Indulge in the spa-like master suite with a steam shower and unwind by one of the three indoor fireplaces. Modern conveniences abound with A/C, water filtration, underground sprinklers, and central vacuum. This prime location offers the ultimate urban lifestyle, with easy access to top-tier schools, gourmet restaurants, boutique shopping, picturesque parks, and the prestigious Glencoe Club. Experience the epitome of luxurious living in Mount Royal!
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:
3,678.48 sq. ft.
Main Level Finished Area:
1,839.24 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
973.33 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,253 sq. ft.
Lot Frontage:
50'½"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
10
Year built:
2008 (Age: 16)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
7080AJ
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
4
Fireplace Details:
Gas
Garage:
1
Parking:
Heated Garage, Quad or More Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Laundry Room, Upper Level
Upper Mount Royal
Built-In Oven, Dishwasher, Dryer, Garage Control(s), Gas Stove, Refrigerator, Window Coverings
NA
Encroachment, Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Living Room
17'2" × 12'4"
Main Floor
Kitchen
15'11" × 14'6"
Main Floor
Dining Room
17'2" × 11'5"
Main Floor
Breakfast Nook
12' × 9'1"
Main Floor
Family Room
14'2" × 13'11"
Main Floor
Foyer
9'9" × 6'5"
Main Floor
Den
12'10" × 9'5"
Upper Level
Bedroom - Primary
15'10" × 13'9"
Upper Level
Other
13'2" × 12'
Upper Level
Balcony
12'10" × 3'4"
Upper Level
Walk-In Closet
13'11" × 13'2"
Upper Level
Bedroom
21'2" × 15'11"
Upper Level
Balcony
8'9" × 3'6"
Upper Level
Bedroom
18'7" × 13'9"
Upper Level
Walk-In Closet
5'7" × 3'11"
Upper Level
Laundry
7'10" × 7'5"
Basement
Media Room
15'10" × 12'3"
Basement
Bedroom
13'5" × 12'4"
Basement
Other
10' × 7'4"
Basement
Furnace/Utility Room
10'8" × 8'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'4" x 7'4"
Upper Level
Yes
5
13'2" x 13'11"
Upper Level
Yes
4
6'11" x 9'7"
Upper Level
Yes
4
9'4" x 5'5"
Basement
No
3
4'11" x 9'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bookcases, Breakfast Bar, Built-in Features, Closet Organizers, Double Vanity, Skylight(s), Walk-In Closet(s)
Exterior Features:
Garden, Private Entrance, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, City Lot, Garden, Landscaped, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C1
Listed Date:
Aug 23, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Century 21 Masters
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