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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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450 78 Avenue NE
Huntington Hills Calgary T2K 4Z9

$575,000
Residential beds: 4 baths: 2.0 1,013 sq. ft. built: 1972

Main Photo: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 1: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 2: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 3: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 4: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 5: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 6: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 7: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 8: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 9: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 10: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 11: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 12: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 13: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 14: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 15: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 16: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 17: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 18: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 19: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 20: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 21: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 22: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 23: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 24: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 25: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 26: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 27: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 28: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 29: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 30: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 31: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 32: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 33: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 34: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 35: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 36: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 37: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Photo 38: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156019
Bedrooms:
4
Bathrooms:
2
Year Built:
1972
BACK ON MARKET due to buyers' financing condition | 1996 sq ft TOTAL LIVEABLE SPACE | ACROSS FROM GREEN SPACE | 5 MIN WALK TO ELEMENTARY SCHOOL | LOW MAINTENANCE BACKYARD| CONCRETE RV PARKING PAD | Welcome to 450 78 Ave NE, a family friendly home in the quiet neighbourhood of Huntington Hills. This functional bungalow offers spacious 1996 sq ft of livable space with 3 bedrooms up and 1 bedroom in the basement. Upon entry you will be greeted by the beautiful cherry oak hardwood floor and 2 bright windows. The double sliding patio doors in the dining area will take you to the SOUTH facing front deck, perfect for family entertaining. Updated kitchen comes with granite counter tops, newer stainless steel stove and refrigerator. The Separate entrance/side door will take you to the developed basement with an extra bedroom & a 3 piece bath. The concrete pad (15.5 ft width x 26.5 ft long) in the backyard is perfect for your mid size RV parking. The low maintenance backyard is ideal for your busy life style. Newer Samsung Washer & Dryer - 2023, Roof - 2012, Garage Roof - 2018, High Efficiency Furnace. Deerfoot City, Thornhill Aquatic & Recreation Centre, Library, Superstore, Save-On-Food, Restaurants and major roadways are minutes away, perfect for all your family needs.
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:
1,013.31 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,445 sq. ft.
Lot Frontage:
42'4"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
End Unit:
No Common Walls
Total Rooms Above Grade:
6
Year built:
1972 (Age: 52)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
686LK
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Detached, Garage Door Opener, Off Street, Parking Pad, Paved
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
In Basement
Huntington Hills
Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer, Window Coverings
None
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'11" × 13'3"
Main Floor
Kitchen
8' × 7'7"
Main Floor
Dining Room
13'1" × 11'9"
Main Floor
Bedroom - Primary
11'9" × 11'
Main Floor
Bedroom
9'10" × 9'
Main Floor
Bedroom
9'10" × 9'7"
Basement
Bedroom
12'10" × 10'3"
Basement
Game Room
20'10" × 12'10"
Basement
Storage
10'11" × 8'8"
Basement
Storage
8'6" × 4'11"
Basement
Furnace/Utility Room
26'11" × 11'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 8'
Basement
No
3
10'10" x 4'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Granite Counters, No Animal Home, No Smoking Home, Separate Entrance, Storage
Exterior Features:
Private Yard, Storage
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Low Maintenance Landscape, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-C1
Listed Date:
Aug 09, 2024
Days on Mkt:
  • Photo 1: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
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  • Photo 17: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Dining area with patio doors to front deck
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  • Photo 20: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    1st Bedroom
  • Photo 21: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    2nd Bedroom
  • Photo 22: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    3rd Bedroom
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  • Photo 24: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Main level bathroom
  • Photo 25: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Basement Bedroom
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  • Photo 28: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Basement bathroom
  • Photo 29: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Basement laundry
  • Photo 30: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Basement storage
  • Photo 31: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Front door entrance on EAST side
  • Photo 32: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Separate side door entrance -WEST side
  • Photo 33: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Concrete parking pad
  • Photo 34: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Double detached garage with alley access
  • Photo 35: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
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  • Photo 36: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
    Front deck
  • Photo 37: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
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  • Photo 38: 450 78 Avenue NE in Calgary: Huntington Hills Detached for sale : MLS®# A2156019
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Listed by Real Broker
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$609,000
Min list price:
$199,900
Max list price:
$859,958
Avg days on market:
21
Min days on market:
2
Max days on market:
113
Avg price per sq.ft.:
$507.53
These statistics are generated based on the current listing's property type and located in Huntington Hills. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706