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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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347 Masters Row SE
Mahogany Calgary T3M 2T7

$699,900
Residential beds: 3 baths: 3.0 1,749 sq. ft. built: 2019

Hardie Board siding is fire and hail resistant.
Photo 1: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 2: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 3: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 4: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 5: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 6: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 7: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 8: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 9: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 10: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 11: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 12: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 13: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 14: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 15: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 16: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 17: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 18: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 19: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 20: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 21: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 22: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 23: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 24: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 25: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 26: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 27: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 28: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 29: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 30: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 31: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 32: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Photo 33: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171531
Bedrooms:
3
Bathrooms:
3
Year Built:
2019
Welcome to your new home in the desirable lake community of Mahogany! HARDIE BOARD surrounds the exterior of this beautiful home adding protection from fire and hail. This FULLY UPGRADED, two-storey is host to a MODERN OPEN FLOOR PLAN that is perfect for both entertaining and everyday living. Impressive 10-FOOT KNOCKDOWN CEILINGS and LUXURY VINYL PLANK flooring flow throughout the main level. The focal point of the living area is a stunning FLOOR-TO-CEILING STONE electric fireplace, providing warmth and ambiance. CUSTOM UP/DOWN BLINDS offer privacy while letting in natural light. The CHEF-INSPIRED KITCHEN features striking moody blue cabinetry complemented by pristine QUARTZ countertops. Enjoy entertaining with the OVERSIZED ISLAND, with ample space for meal prep and casual dining. The kitchen also includes SOFT-CLOSE DOOR & DRAWERS, a spacious WALK-IN PANTRY, and UPGRADED LIGHTING that enhances the modern aesthetic. The OPEN RAILING leads to the second floor, where you’ll find three generously sized bedrooms. The primary suite features a WALK-IN CLOSET and a stylish 4-piece ensuite with a DUAL VANITY and an oversized tiled GLASS SHOWER—perfect for unwinding after a long day. Convenience is key with an UPSTAIRS LAUNDRY room equipped with a FOLDING COUNTER, making laundry day a breeze. The unfinished basement offers 9-FOOT CEILINGS and ROUGHED-IN PLUMBING, providing a blank canvas for a future bedroom, bathroom, and family room tailored to your needs. Step outside to your SOUTH FACING BACKYARD, where you can relax on the exposed aggregate patio or enjoy the hot tub—a perfect oasis for outdoor entertaining. The fully finished HEATED GARAGE is a standout feature, complete with EPOXY FLEX STONE FLOORING and 220V wiring, offering versatility for all your projects. This exceptional home is ideally situated with easy access to the MAIN BEACH CLUB, parks, playgrounds, SCHOOLS, shopping, and STONEY TRAIL. Experience the vibrant community and lifestyle that Mahogany has to offer!
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:
1,749.2 sq. ft.
Main Level Finished Area:
890.35 sq. ft.
Upper Level Finished Area:
858.85 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,830 sq. ft.
Lot Frontage:
25'3⅛"
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:
Two
Total Rooms Above Grade:
7
Year built:
2019 (Age: 5)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1810675
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Living Room, Stone
Garage:
1
Garage Spaces:
2
Parking:
220 Volt Wiring, Double Garage Detached, Garage Door Opener, Heated Garage, Insulated, Oversized
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$570.03
Mahogany
Recreation Facilities
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer, Window Coverings
Hot tub.
Easement Registered On Title, Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Living Room
14'3" × 13'7"
Main Floor
Kitchen
15'6" × 13'10"
Main Floor
Dining Room
14'8" × 12'1"
Main Floor
Foyer
9'1" × 5'5"
2nd Floor
Bedroom - Primary
14'1" × 12'7"
2nd Floor
Walk-In Closet
8'8" × 6'6"
2nd Floor
Laundry
6'9" × 5'10"
2nd Floor
Bedroom
11'5" × 9'6"
2nd Floor
Bedroom
11'4" × 8'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'1"
2nd Floor
Yes
4
5'10" x 13'3"
2nd Floor
No
4
4'11" x 8'8"
Title to Land:
Fee Simple
Community Features:
Lake, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Breakfast Bar, Ceiling Fan(s), Double Vanity, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
BBQ gas line
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Back Yard, Low Maintenance Landscape, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Oct 09, 2024
Days on Mkt:
  • Photo 1: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Hardie Board siding is fire and hail resistant.
  • Photo 2: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Low maintenance landscaping.
  • Photo 3: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Spacious welcoming entrance.
  • Photo 4: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    10ft ceilings and recessed lighting throughout the main floor.
  • Photo 5: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Feature electric fireplace with floor to ceiling stone.
  • Photo 6: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Spacious central dining area.
  • Photo 7: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Walk-in pantry to the left & finished stairs to the basement on the right.
  • Photo 8: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Chef's kitchen with upgraded appliances.
  • Photo 9: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Upgraded pendant lighting and appliances.
  • Photo 10: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Quartz counters and subway tile backsplash.
  • Photo 11: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Soft close doors and drawers.
  • Photo 12: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Oversized quartz island.
  • Photo 13: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    2pc bath off the living area.
  • Photo 14: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Mud room off the back entrance.
  • Photo 15: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Upgraded open railing leading you upstairs.
  • Photo 16: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Photo 16 of 33
  • Photo 17: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Upgraded railing and lighting enhancing the open staircase.
  • Photo 18: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Primary bedroom with oversized windows.
  • Photo 19: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Walk-in closet.
  • Photo 20: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Ensuite with dual vanity, quartz counters, upgraded lighting and tile floors.
  • Photo 21: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Fully tiled, oversized glass shower.
  • Photo 22: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    2nd bedroom.
  • Photo 23: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Walk-in closet in the 2nd bedroom.
  • Photo 24: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    3rd bedroom currently being used as an office.
  • Photo 25: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    4pc guest bath with quartz counters and tile floors.
  • Photo 26: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Upstairs laundry with shelving and folding counter.
  • Photo 27: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Sunny, south facing backyard.
  • Photo 28: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Exposed aggregate patio, 2023 hot tub included.
  • Photo 29: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Heated, fully finished double garage.
  • Photo 30: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Epoxy flex stone floor, LED lighting & 220v wiring.
  • Photo 31: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Photo 31 of 33
  • Photo 32: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Quick access to Main Beach Club, playgrounds, parks, schools and shopping.
  • Photo 33: 347 Masters Row SE in Calgary: Mahogany Detached for sale : MLS®# A2171531
    Easy access to Stoney Trail and South Health Campus.

Virtual Tour

Listed by eXp Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
103
Avg list price:
$678,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
39
Min days on market:
1
Max days on market:
375
Avg price per sq.ft.:
$456.06
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706