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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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1724 28 Street SW
Shaganappi Calgary T3C 1L9

$699,900
Residential beds: 3 baths: 2.0 818 sq. ft. built: 1947

Main Photo: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 1: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 2: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 3: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 4: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 5: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 6: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 7: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 8: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 9: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
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Photo 12: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 13: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 14: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 15: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 16: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 17: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 18: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 19: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 20: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 21: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 22: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 23: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 24: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 25: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 26: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 27: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Photo 28: 1724 28 Street SW in Calgary: Shaganappi Detached for sale : MLS®# A2148620
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2148620
Bedrooms:
3
Bathrooms:
2
Year Built:
1947
Welcome to this bungalow situated on a spacious 44' X 115' lot zoned R-CG in the highly sought-after Shaganappi neighborhood, the location is perfect for active lifestyles, with a nearby golf course, tennis courts, basketball courts, and a greenspace dog park and also is just minutes from downtown, LRT station, and the vibrant 17th Ave, this home offers unparalleled convenience and accessibility. The main floor features a cozy living room with a wood-burning fireplace, an eat-in kitchen perfect for casual dining, a full bathroom, a family room that can be easily converted back into a bedroom, and a bedroom with patio doors leading to an expansive deck. The fully finished lower level includes a spacious bedroom, a large family room, and a 3-piece bathroom. Enjoy the huge, private backyard, ideal for relaxation and entertaining. With its R-CG zoning, this property is also an excellent investment and development opportunity. Don't miss out on this fantastic opportunity – come and see for yourself, you won't be disappointed! Unit is rented for $2100 month to month and tenant is open to stay long term.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
818 sq. ft.
Main Level Finished Area:
818 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
735 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,059 sq. ft.
Lot Frontage:
44'3½"
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:
Unit Exposure:
West
Levels:
One
Total Rooms Above Grade:
5
Year built:
1947 (Age: 77)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
657FB
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Shaganappi
Dishwasher, Dryer, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17'7" × 12'1"
Main Floor
Kitchen
8'8" × 4'7"
Main Floor
Bedroom - Primary
12'7" × 10'7"
Main Floor
Bedroom
10'9" × 9'11"
Main Floor
Bedroom
11'6" × 9'8"
Main Floor
Mud Room
9'11" × 5'
Lower Level
Laundry
19'8" × 13'7"
Basement
Family Room
14'8" × 11'
Basement
Furnace/Utility Room
5'9" × 3'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'11" x 7'5"
Main Floor
No
4
4'11" x 7'1"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
No Animal Home
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Fruit Trees/Shrub(s), Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Jul 13, 2024
Days on Mkt:
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Listed by Creekside Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$849,900
Min list price:
$219,900
Max list price:
$2,099,000
Avg days on market:
44
Min days on market:
18
Max days on market:
294
Avg price per sq.ft.:
$553.04
These statistics are generated based on the current listing's property type and located in Shaganappi. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706