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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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416 Sovereign Common SW
Shaganappi Calgary T3C 3Y3

$899,900
Residential beds: 3 baths: 3.0 1,800 sq. ft. built: 2024

Building Exterior
Photo 1: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 2: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 3: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 4: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 5: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 6: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 7: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 8: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 9: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 10: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 11: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 12: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 13: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 14: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 15: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 16: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 17: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 18: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 19: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 20: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 21: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 22: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 23: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 24: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 25: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 26: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 27: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Photo 28: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172653
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
This brand-new home is ready for IMMEDIATE POSSESSION, featuring 3 bedrooms, 2.5 bathrooms, an office/flex space, a double attached garage, and two outdoor living areas, including an impressive 300-square-foot rooftop patio! The ‘Rouge’ is an urban townhome at Crown Park, offering nearly 2,200 square feet of interior living space and almost 500 square feet of outdoor space. The open-concept main living area is thoughtfully designed with a spacious layout, showcasing 9' ceilings and oversized windows that flood the home with natural light from morning to night. At the center of this home is the gourmet kitchen, perfectly positioned between the dining area and the main living room, making it an ideal space for entertaining. It features a gas cooktop, built-in microwave and oven, range hood, a large quartz island with seating, and elegant design details throughout. A generous west-facing ground-level patio stretches across the home, overlooking the central courtyard, with direct access from the main living area. Upstairs, the expansive primary bedroom includes a walk-in closet and a full ensuite with dual sinks and a walk-in shower with tile surround. Two additional well-sized bedrooms, a laundry area, and a full bathroom complete the second level. The 17' x 18' rooftop patio offers breathtaking views with east and west exposure, perfect for soaking up the sun year-round. The lower level features a welcoming foyer with storage and an office/flex room, ideal for a home office, media room, or gym. The private double attached garage ensures your vehicles and valuables stay safe and warm throughout the year. Additional upgrades include A/C rough-in, natural gas lines for BBQs on both patios, and a comprehensive 3-year extended workmanship warranty program. This stunning property provides all the conveniences of downtown living without the congestion. Located just minutes from downtown Calgary, Crown Park offers a unique opportunity to own a beautiful, brand-new home in a picturesque setting.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,800 sq. ft.
Main Level Finished Area:
916 sq. ft.
Upper Level Finished Area:
884 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
366 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$378.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
HOA Fee Includes:
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:
East, West
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls, No One Above, No One Below
Total Rooms Above Grade:
6
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0
Heating:
Forced Air
Basement:
Finished, Partial
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Brick, Cement Fiber Board, Composite Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Shaganappi
Other
Dishwasher, Dryer, Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer
None
Pet Restrictions or Board approval Required, Pets Allowed
Restrictions, Cats OK, Dogs OK, Yes
Floor
Type
Size
Other
Main Floor
Living Room
17'5" × 14'11"
Main Floor
Kitchen
15'1" × 15'
Main Floor
Dining Room
21'2" × 11'3"
Upper Level
Bedroom - Primary
15'4" × 12'4"
Upper Level
Bedroom
10'8" × 9'6"
Upper Level
Bedroom
11'7" × 10'2"
Upper Level
Balcony
18' × 17'3"
Lower Level
Bonus Room
15'7" × 10'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
0' x 0'
Upper Level
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Double Vanity, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line, Courtyard
Patio And Porch Features:
Patio, Rooftop Patio
Lot Features:
Low Maintenance Landscape, Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC
Listed Date:
Oct 11, 2024
Days on Mkt:
  • Photo 1: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Building Exterior
  • Photo 2: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Building Exterior
  • Photo 3: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Front patio and entry
  • Photo 4: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Main level layout
  • Photo 5: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Front entry and living room
  • Photo 6: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Living room with fireplace
  • Photo 7: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Living room with fireplace
  • Photo 8: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Living room with large west facing windows
  • Photo 9: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Kitchen large island
  • Photo 10: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Gourmet kitchen with gas cooktop and range hood
  • Photo 11: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Full height cabinetry with built-in wall oven
  • Photo 12: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Large dining area with wall of windows
  • Photo 13: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Large dining area
  • Photo 14: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    2 pc powder room
  • Photo 15: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Upper level layout
  • Photo 16: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Large primary suite
  • Photo 17: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Large 4pc bathroom with dual sinks and walk-in shower with full tile surround
  • Photo 18: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Bedroom #2
  • Photo 19: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Bedroom #3
  • Photo 20: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Full 4 pc bathroom
  • Photo 21: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Upper level laundry
  • Photo 22: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Rooftop patio layout
  • Photo 23: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Expensive rooftop patio
  • Photo 24: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Expensive rooftop patio
  • Photo 25: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Lower level layout
  • Photo 26: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Lower level bonus room / rec. room
  • Photo 27: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Lower level foyer with access to garage
  • Photo 28: 416 Sovereign Common SW in Calgary: Shaganappi Row/Townhouse for sale : MLS®# A2172653
    Attached double gar garage
Listed by Charles
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