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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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2233 3 Avenue NW
West Hillhurst Calgary T3C 3X7

$599,900
Residential beds: 3 baths: 2.0 817 sq. ft. built: 1975

Main Photo: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 1: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 2: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 3: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 4: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 5: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 6: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 7: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 8: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 9: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 10: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 11: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 12: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 13: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 14: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 15: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 16: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 17: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 18: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 19: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 20: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 21: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 22: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 23: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 24: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 25: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 26: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 27: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 28: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 29: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 30: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 31: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 32: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 33: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 34: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 35: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 36: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 37: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 38: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 39: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Photo 40: 2233 3 Avenue NW in Calgary: West Hillhurst Semi Detached (Half Duplex) for sale : MLS®# A2178316
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178316
Bedrooms:
3
Bathrooms:
2
Year Built:
1975
**OPEN HOUSE THIS SAT & SUN (NOV 9 & 10) 2-4PM** Welcome to this well-maintained bi-level duplex, ideally situated near SAIT and the University of Calgary, offering convenient access to educational institutions and local amenities. Enjoy outdoor recreation at the nearby Community Center, featuring Tennis Courts and an Outdoor Pool, or take a leisurely stroll along the Bow River. As you step inside, you’re greeted by an inviting and spacious Living Room with a wood-burning Fireplace, perfect for cozy evenings. Adjacent to the Living Room is the modern white Kitchen and Breakfast Nook, with a Front Deck just outside—ideal for enjoying your morning coffee. The main level is completed by a spacious Primary Bedroom with a Walk-In Closet and a 4-Piece Bath. The fully developed Basement provides extra living space with a large Family Room, two additional well-sized Bedrooms, and a Full Bath, making this home an excellent choice for families or investors. The property also includes Back Lane access and a beautifully landscaped, fully fenced South-Facing Backyard, offering both ample sunlight and privacy. Don’t miss the opportunity to make this charming duplex your new home!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level, Side by Side
Total Living Area:
817 sq. ft.
Main Level Finished Area:
817 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
689 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,250 sq. ft.
Lot Frontage:
25'
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:
Unit Exposure:
North
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
3
Year built:
1975 (Age: 49)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
371O
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Tar/Gravel
Ensuite:
No
Flooring:
Vinyl
Cooling:
None
Fireplaces:
1
Fireplace Details:
Living Room, Wood Burning
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
West Hillhurst
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
19'10" × 12'
Main Floor
Breakfast Nook
7'10" × 7'1"
Main Floor
Kitchen
11'4" × 7'4"
Main Floor
Bedroom - Primary
19'9" × 17'5"
Basement
Bedroom
10'9" × 8'11"
Basement
Bedroom
10'3" × 10'
Basement
Family Room
19' × 11'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Tennis Court(s)
Interior Features:
Ceiling Fan(s), Vaulted Ceiling(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Nov 08, 2024
Days on Mkt:
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Listed by Jessica Chan Real Estate & Management Inc.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$1,149,900
Min list price:
$285,000
Max list price:
$2,775,000
Avg days on market:
35
Min days on market:
1
Max days on market:
174
Avg price per sq.ft.:
$601.64
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