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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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2609 5 Avenue NW
West Hillhurst Calgary T2N 0T7

$899,900
Residential beds: 4 baths: 2.0 1,040 sq. ft. built: 1951

50 x 120 Lot
Photo 1: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 2: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 3: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 4: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 5: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 6: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 7: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 8: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Photo 9: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173472
Bedrooms:
4
Bathrooms:
2
Year Built:
1951
Location! Location! Location! Attention developers and investors. Prime 50 x 120 development lot with sunny SOUTH FACING BACKYARD located in one of the most desirable communities in the city, West Hillhurst. Situated steps to Helicopter Park, the Bow River (away from the flood zone), Foothills Hospital, Alberta Children's Hospital, University of Calgary, Downtown and trendy Kensington. This is an amazing opportunity for inner-city re-development or investment. Don’t miss out on this elite opportunity! Call today!
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:
1,039.89 sq. ft.
Main Level Finished Area:
1,039.89 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,039.89 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,995 sq. ft.
Lot Frontage:
50'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1951 (Age: 73)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
331AB
Heating:
Forced Air
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
2
Fireplace Details:
Family Room, Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, On Street, Oversized, RV Access/Parking
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
West Hillhurst
Dishwasher, Dryer, Electric Stove, Freezer, Range Hood, Washer
N/A. SOLD AS IS WHERE IS
Encroachment
Floor
Type
Size
Other
Main Floor
Kitchen
14'6" × 13'
Main Floor
Living Room
21'6" × 12'
Main Floor
Bedroom - Primary
13' × 11'
Main Floor
Bedroom
10'6" × 10'
Main Floor
Bedroom
11'6" × 8'6"
Basement
Laundry
20' × 13'6"
Basement
Family Room
17'6" × 11'
Basement
Kitchenette
15'6" × 8'6"
Basement
Bedroom
12' × 11'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 8'
Basement
No
3
5' x 5'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Natural Woodwork
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Yard, Front Yard, Street Lighting, Paved, Private, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Oct 18, 2024
Days on Mkt:
  • Photo 1: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    50 x 120 Lot
  • Photo 2: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 2 of 9
  • Photo 3: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 3 of 9
  • Photo 4: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 4 of 9
  • Photo 5: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 5 of 9
  • Photo 6: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 6 of 9
  • Photo 7: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 7 of 9
  • Photo 8: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 8 of 9
  • Photo 9: 2609 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2173472
    Photo 9 of 9
Listed by eXp Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$1,118,450
Min list price:
$285,000
Max list price:
$2,775,000
Avg days on market:
35
Min days on market:
4
Max days on market:
173
Avg price per sq.ft.:
$599.49
These statistics are generated based on the current listing's property type and located in West Hillhurst. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706