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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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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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151 Livingston Common NE
Livingston Calgary T3P 1K1

$475,000
Residential beds: 2 baths: 3.0 1,272 sq. ft. built: 2019

Main Photo: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 1: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 2: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 3: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 4: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 5: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 6: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 7: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 8: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 9: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 10: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
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Photo 12: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 13: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
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Photo 21: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 22: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 23: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 24: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 25: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 26: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 27: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Photo 28: 151 Livingston Common NE in Calgary: Livingston Row/Townhouse for sale : MLS®# A2175996
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175996
Bedrooms:
2
Bathrooms:
3
Year Built:
2019
OPEN HOUSE SUNDAY NOVEMBER 3 1pm-4pm. Perfect for the first time homebuyer or the savvy investor! Welcome home to this end-unit modern townhouse with plenty of upgrades. The moment you step in you will notice the inviting and open living space flooded with natural light. Impress your guests with a two-toned kitchen, quartz countertops, herringbone backsplash tiles, stainless steel appliances, and lots of cabinet space. At the back of the kitchen is an extra area that can be used as an office or bar. Upstairs you will find two primary bedrooms that each have their own ensuites and walk-in closets! The separate, dedicated laundry room offers more storage. Towards the partially finished basement, you'll have ready access to your attached two-vehicle garage, a framed mudroom, and a dedicated furnace room with even more storage. Livingston is a community designed for connection and convenience. Enjoy year-round access to an incredible 35,000 sf HOA centre offering skating rinks, tennis courts, a gymnasium, basketball court, splash park, playground, meeting rooms, and outdoor ping pong tables! Steps away, peaceful parks, a bustling town centre, bike trails, pathways, shopping centres, and schools make this the perfect place to grow.
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:
1,272 sq. ft.
Main Level Finished Area:
635 sq. ft.
Upper Level Finished Area:
636 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
204 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$329.02
Condo Fee Includes:
Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Snow Removal, Water
HOA Fee Frequency:
Annually
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:
Northwest
Reg. Size:
Reg. Size Includes:
Floor Location:
Ground
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2019 (Age: 5)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2010483
Heating:
Forced Air, Natural Gas
Basement:
Partial, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cement Fiber Board, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Unit
HOA Fee:
$467.50
Condo Fee Frequency:
Monthly
The Octave
Livingston
Other
Dishwasher, Dryer, Electric Range, Range Hood, Washer, Window Coverings
TV Bracket Mount
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
12'10" × 11'11"
Main Floor
Nook
7'7" × 5'3"
Main Floor
Dining Room
13'9" × 8'5"
Main Floor
Living Room
13'9" × 13'8"
Upper Level
Laundry
6'2" × 5'7"
Upper Level
Bedroom - Primary
12'11" × 12'7"
Upper Level
Bedroom
12'7" × 9'10"
Upper Level
Walk-In Closet
6'3" × 5'5"
Upper Level
Walk-In Closet
6'4" × 4'2"
Basement
Furnace/Utility Room
16'6" × 5'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
0' x 0'
Upper Level
Yes
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Kitchen Island, Open Floorplan, Quartz Counters, Walk-In Closet(s)
Exterior Features:
Barbecue, BBQ gas line, Other
Patio And Porch Features:
Front Porch
Lot Features:
Corner Lot, Few Trees, Gentle Sloping, Paved
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone N
Zoning:
M-1
Listed Date:
Oct 29, 2024
Days on Mkt:
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Listed by KIC Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$647,400
Min list price:
$229,900
Max list price:
$1,180,000
Avg days on market:
22
Min days on market:
1
Max days on market:
167
Avg price per sq.ft.:
$419.53
These statistics are generated based on the current listing's property type and located in Livingston. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706