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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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1016 Woodview Crescent SW
Woodlands Calgary T2W 2V1

$519,800
Residential beds: 3 baths: 2.0 934 sq. ft. built: 1980

Front Yard
Photo 1: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 2: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 3: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 4: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 5: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 6: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 7: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 8: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 9: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 10: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 11: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 12: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 13: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 14: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 15: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 16: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 17: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 18: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 19: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 20: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 21: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 22: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 23: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 24: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 25: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 26: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 27: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Photo 28: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173447
Bedrooms:
3
Bathrooms:
2
Year Built:
1980
Welcome to your new home in the family-friendly community of Woodlands, located just steps away from the breathtaking Fish Creek Park! This spacious and versatile 3-bedroom, 2-bathroom home is perfect for growing families or those seeking extra space. The main floor boasts a bright, open-concept living area, featuring a large living room, modern kitchen, and cozy eating nook—ideal for everyday living and entertaining. Upstairs, you'll find two generous, sun-filled bedrooms along with a 4-piece bathroom. The third level offers a charming flex room with a wood-burning fireplace, perfect for a home office or kids' playroom. There’s also a third bedroom and a convenient 3-piece bathroom. The fourth level provides additional space for a home gym or recreational area, along with plenty of storage to keep everything organized. Plus, with a new furnace installed in 2019, you can enjoy year-round comfort and efficiency. Step outside to the large deck, perfect for summer barbecues, and a spacious yard ideal for play and relaxation. Best of all, your new home is only a short walk from Fish Creek Park, offering endless opportunities for outdoor adventures and nature walks. Conveniently located within walking distance to the local supermarket, pharmacy and one of Calgary's best bakery cafes, as well as being located close to public transit access. This home truly has everything your family needs in a warm, welcoming community—don't miss out on this exceptional opportunity!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
934.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,562 sq. ft.
Lot Frontage:
31'5½"
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:
Unit Exposure:
South
Levels:
4 Level Split
Total Rooms Above Grade:
5
Year built:
1980 (Age: 44)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8011518
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
0
Parking:
Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Woodlands (Calgary)
Dishwasher, Dryer, Refrigerator, Stove(s), Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15' × 14'6"
Main Floor
Dining Room
10'4" × 10'3"
Main Floor
Kitchen
10'1" × 8'11"
2nd Floor
Bedroom - Primary
12'2" × 10'6"
2nd Floor
Bedroom
12'2" × 8'3"
Lower Level
Office
16'2" × 10'1"
Lower Level
Bedroom
9'1" × 7'6"
Lower Level
Laundry
14'8" × 6'10"
Lower Level
Storage
10'4" × 4'2"
Lower Level
Game Room
22'5" × 13'6"
Lower Level
Storage
3'11" × 2'11"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
4'11" x 8'7"
Lower Level
No
3
4'3" x 8'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
Storage
Patio And Porch Features:
Deck
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
Oct 17, 2024
Days on Mkt:
  • Photo 1: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Front Yard
  • Photo 2: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Libing Room
  • Photo 3: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Dining Room
  • Photo 4: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Kitchen
  • Photo 5: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Kitchen
  • Photo 6: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Kitchen
  • Photo 7: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Kitchen
  • Photo 8: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Living Room
  • Photo 9: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Living Room
  • Photo 10: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Living Room
  • Photo 11: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Stairs to 2nd Level
  • Photo 12: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    4 Pc Bath
  • Photo 13: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Bedroom
  • Photo 14: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Bedroom
  • Photo 15: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Primary Bedroom
  • Photo 16: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Primary Bedroom
  • Photo 17: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    3 PC Bath
  • Photo 18: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Den/Office
  • Photo 19: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Den/Office
  • Photo 20: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Lower Level
  • Photo 21: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Laundry
  • Photo 22: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Deck
  • Photo 23: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Deck
  • Photo 24: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Deck
  • Photo 25: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Back Yard
  • Photo 26: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Back Yard
  • Photo 27: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Back Yard
  • Photo 28: 1016 Woodview Crescent SW in Calgary: Woodlands Detached for sale : MLS®# A2173447
    Back Yard
Listed by Real Estate Professionals Inc.
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$644,950
Min list price:
$287,000
Max list price:
$899,900
Avg days on market:
20
Min days on market:
5
Max days on market:
60
Avg price per sq.ft.:
$356.34
These statistics are generated based on the current listing's property type and located in Woodlands. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706