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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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15 Silverado Skies Manor SW
Silverado Calgary T2X 0J7

$850,000
Residential beds: 4 baths: 4.0 2,495 sq. ft. built: 2011

Front exterior
Photo 1: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 2: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 3: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 4: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 5: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 6: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 7: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 8: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 9: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 10: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 11: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 12: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 13: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 14: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 15: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 16: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 17: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 18: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 19: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Photo 20: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174950
Bedrooms:
4
Bathrooms:
4
Year Built:
2011
Nestled in the family-friendly community of Silverado, this home spans an impressive 3649 square feet, including a fully developed basement. With five bedrooms, three and a half bathrooms, and a spacious family room, it's designed for comfortable living. As you enter, you'll be captivated by the gleaming hardwood floors that flow through the open living area, showcasing a gas fireplace and a beautiful kitchen equipped with a built-in oven/microwave combo, electric cooktop, and a double-door fridge with an ice and water dispenser. The main floor also features a den or study room, a laundry area, and a half bath. Upstairs, the expansive master bedroom boasts a luxurious 5-piece ensuite. The upper level is complemented by a large bonus room with vaulted ceilings, two generously sized bedrooms, and a full bath. The fully developed basement includes a spacious bedroom, a 4-piece bath, a wet bar, and an extensive family room, perfect for entertainment or a games room. Conveniently located close to shopping, schools, public transportation, and Spruce Meadows, known for its horse riding activities, Christmas market, and other events. Walking distance to the K-12 French immersion school. Easy access to Stoney Trail and Macleod Trail for seamless travel across the city. Don’t miss out on this exceptional home—call for your private viewing today!
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:
2,495.15 sq. ft.
Main Level Finished Area:
1,150.4 sq. ft.
Upper Level Finished Area:
1,344.75 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,150.38 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,650 sq. ft.
Lot Frontage:
12'4"
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:
Unit Exposure:
East
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2011 (Age: 13)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0810157
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
Main Level
HOA Fee:
$208.00
Silverado
Park, Playground
Dishwasher, Electric Cooktop, Oven-Built-In, Refrigerator, See Remarks, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
5'6" × 5'6"
Main Floor
Kitchen
14'6" × 13'3"
Main Floor
Dining Room
13'11" × 9'
Main Floor
Living Room
15' × 15'
Main Floor
Office
12' × 9'11"
Main Floor
Laundry
8'9" × 5'7"
Main Floor
Mud Room
9'6" × 4'3"
2nd Floor
Bedroom - Primary
14'6" × 13'11"
2nd Floor
Bedroom
11'5" × 10'3"
2nd Floor
Bedroom
12'1" × 8'11"
2nd Floor
Bonus Room
18'11" × 12'11"
Basement
Bedroom
13'10" × 11'4"
Basement
Family Room
27'9" × 14'4"
Basement
Other
7'9" × 2'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 4'11"
Main Floor
No
4
8'7" x 4'11"
2nd Floor
Yes
5
0' x 82'
Basement
No
4
7'9" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Granite Counters, No Smoking Home, Open Floorplan, See Remarks
Exterior Features:
Other
Patio And Porch Features:
Deck, Front Porch, See Remarks
Lot Features:
Back Yard, Landscaped, See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-G
Listed Date:
Oct 23, 2024
Days on Mkt:
  • Photo 1: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Front exterior
  • Photo 2: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Hallway
  • Photo 3: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Main floor office
  • Photo 4: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Main floor living roomm
  • Photo 5: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Dining room
  • Photo 6: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Kitchen
  • Photo 7: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Bonus room
  • Photo 8: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Master ensuite
  • Photo 9: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Master bedroom
  • Photo 10: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Bedroom 2
  • Photo 11: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Bedroom 3
  • Photo 12: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Great room in bsmtmentment
  • Photo 13: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Bedroom Basement
  • Photo 14: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Bathroom Bsmt
  • Photo 15: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Half bathroom
  • Photo 16: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Mud room
  • Photo 17: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Walktrhough pantry
  • Photo 18: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Upstairs hallway
  • Photo 19: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Laundry room
  • Photo 20: 15 Silverado Skies Manor SW in Calgary: Silverado Detached for sale : MLS®# A2174950
    Backyard
Listed by First Place Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$644,400
Min list price:
$274,900
Max list price:
$1,790,000
Avg days on market:
30
Min days on market:
5
Max days on market:
125
Avg price per sq.ft.:
$375.13
These statistics are generated based on the current listing's property type and located in Silverado. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706