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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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47 Kingsland Villas SW
Kingsland Calgary T2V 5J9

$582,000
Residential beds: 3 baths: 3.0 1,515 sq. ft. built: 1993

Main Photo: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 1: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 2: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 3: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 4: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 5: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 6: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 7: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 8: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 9: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 10: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
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Photo 12: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
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Photo 15: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
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Photo 17: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
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Photo 22: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 23: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Photo 24: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
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Photo 36: 47 Kingsland Villas SW in Calgary: Kingsland Row/Townhouse for sale : MLS®# A2166024
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166024
Bedrooms:
3
Bathrooms:
3
Year Built:
1993
*RARE* Welcome to this LUXURY AND EXTENSIVELY RENOVATED (GUTTED FROM THE STUDS) 3 Bed 3 Bath END UNIT townhome with a FULLY FINISHED BASEMENT with WET BAR in the community of Kingsland, fantastic location near all amenities and shops on Macleod Trail with easy access to all major roads. Walking distance to Chinook mall, two C-Train stations (Heritage & Chinook), Glenmore Reservoir and Rocky View Hospital and quick drive to Downtown Calgary. This bright high ceiling townhouse offers spacious LIVING SPACE, 3-bedroom, 2.5 bathroom including master en-suite with double sinks and a generous size rear deck to enjoy summer bbq gatherings. A great starter family option for FIRST TIME HOME BUYERS or an INVESTMENT PROPERTY with a potential monthly rental income of $3000/month. Upgrades include: Brand new luxury kitchen cabinets, beautiful stone counters with timeless subway backsplash tiles, Energy efficient LED pot lights and new light fixtures throughout, brand-new stainless-steel appliance set with 1 year warranty, beautiful brand-new vinyl plank with brand new bathrooms, newer vinyl windows, Brand new Hot water tank, etc. All POLY B pipes has been removed and replaced with new Flex pipes, serviced furnace. This unit has been gutted from the studs so all drywalls are brand new with knockdown textured ceilings, blown insulation in the attic ceiling. This unit almost equivalent to moving in to a brand-new home! The location is perfect for families who love spending time outdoors, within a short drive to GLENMORE PARK with options for WALKING / BIKING TRAILS to explore throughout the year. Perfectly located close to schools, playgrounds, daycares, shopping/amenities and Rocky view General hospital. Ensuring the complex is well-managed and maintained when buying into a condominium is essential. That’s precisely what you’ll get in Kingsland Villas with well-maintained and clean complex. The townhouse offers an insulated single garage with a driveway for 2nd vehicle and visitor parings within steps away. This EXTENSIVELY & top to bottom renovated townhouse offers LUXURY features throughout, FINISHED BASEMENT WITH WET BAR for additional living space with a private deck. Call your favourite realtor before this GEM gets sold!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,515 sq. ft.
Main Level Finished Area:
658 sq. ft.
Upper Level Finished Area:
719 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$312.00
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Snow Removal
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:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
1993 (Age: 31)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
9411744
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Tile, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Kingsland Villas
Kingsland
Parking, Trash, Visitor Parking
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer
NA
None Known
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
18'7" × 13'5"
2nd Floor
Dining Room
12'11" × 8'6"
2nd Floor
Kitchen
11' × 10'4"
3rd Floor
Bedroom
10' × 9'3"
3rd Floor
Bedroom
13'6" × 8'11"
3rd Floor
Bedroom - Primary
12'4" × 10'10"
Basement
Laundry
5'8" × 5'4"
Basement
Furnace/Utility Room
7' × 5'8"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
5'5" x 5'5"
3rd Floor
No
4
7'8" x 7'9"
3rd Floor
Yes
4
6' x 11'10"
Title to Land:
Fee Simple
Community Features:
Other, Playground, Schools Nearby, Shopping Nearby
Interior Features:
High Ceilings, Natural Woodwork, No Animal Home, No Smoking Home, Quartz Counters, Vinyl Windows, Wet Bar
Exterior Features:
Balcony
Patio And Porch Features:
Deck
Lot Features:
Back Yard
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-CG d44
Listed Date:
Sep 16, 2024
Days on Mkt:
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Listed by First Place Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$640,950
Min list price:
$154,900
Max list price:
$1,099,999
Avg days on market:
10
Min days on market:
2
Max days on market:
84
Avg price per sq.ft.:
$466.58
These statistics are generated based on the current listing's property type and located in Kingsland. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706