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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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211 Marlyn Place NE
Marlborough Calgary T2A 3L1

$475,000
Residential beds: 3 baths: 2.0 815 sq. ft. built: 1972

Main Photo: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 1: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 2: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 3: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 4: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 5: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 6: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 7: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 8: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 9: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 10: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 11: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 12: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 13: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 14: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 15: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 16: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 17: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 18: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 19: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 20: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 21: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 22: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 23: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 24: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 25: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 26: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 27: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Photo 28: 211 Marlyn Place NE in Calgary: Marlborough Detached for sale : MLS®# A2169958
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169958
Bedrooms:
3
Bathrooms:
2
Year Built:
1972
PRICED TO SELL, LOCATION, LOCATION, LOCATION! Welcome to a well-maintained Bi-level home in a big lot, amazing value! features over 1,500 sq ft of development, perfect starter home or investment property, located in a cul-de-sac. This home has a lot to offers, main floor has two large bedrooms, upgraded 4pc baths, plenty of open space and stainless-steel Kitchen appliances, cappuccino cabinets, sliding glass door to deck, newer flooring, washer, dryer and newer Roof. The lower floor has a large bedroom, 4pc bath, very large Rec room. The Backyard is Massive with plenty of room for a big family gathering and a huge garage, located near schools, playgrounds, restaurants, and shopping at the TransCanada Centre, easy get away via Highway 1, Deerfoot Trail (QE II), and Stoney Trail. Don't miss out, it will not last long in the market!!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
815.23 sq. ft.
Main Level Finished Area:
815.23 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
698.05 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,101 sq. ft.
Lot Frontage:
40'11¾"
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:
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
1972 (Age: 52)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
679LK
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum, Wood
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Alley Access, Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Lower Level
Marlborough
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
na
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'11" × 11'8"
Main Floor
Kitchen
9'4" × 9'
Main Floor
Dining Room
9' × 7'4"
Main Floor
Foyer
6'3" × 4'
Main Floor
Bedroom - Primary
12'7" × 12'5"
Main Floor
Bedroom
12'6" × 8'10"
Lower Level
Bedroom
14'7" × 14'5"
Lower Level
Family Room
14'7" × 14'5"
Lower Level
Furnace/Utility Room
17'10" × 7'1"
Lower Level
Game Room
23'3" × 12'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 9'
Lower Level
No
4
4'11" x 7'2"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
Granite Counters, Laminate Counters
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Cul-De-Sac, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C1
Listed Date:
Oct 06, 2024
Days on Mkt:
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Listed by D Gees Realty Inc.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$599,000
Min list price:
$475,000
Max list price:
$659,900
Avg days on market:
34
Min days on market:
7
Max days on market:
72
Avg price per sq.ft.:
$522.15
These statistics are generated based on the current listing's property type and located in Marlborough. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706