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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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150 Cranford Common SE
Cranston Calgary T3M 0J1

$549,900
Residential beds: 3 baths: 3.0 1,375 sq. ft. built: 2013

Main Photo: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 1: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 2: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 3: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 4: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 5: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 6: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 7: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 8: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 9: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 10: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 11: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 12: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 13: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 14: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 15: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 16: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 17: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 18: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 19: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 20: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 21: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 22: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 23: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 24: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 25: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 26: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Photo 27: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176709
Bedrooms:
3
Bathrooms:
3
Year Built:
2013
Welcome home to this elegant 3 bed, 2 and a half bathroom Morrison built home. Located on a quiet cul-de-sac in the highly sought after community of Cranston you are walking distance to schools, parks and all of the amazing amenities in the area. Step inside to find beautifully appointed interior features including a large open entrance, 7” plank flooring, Hunter Douglas blinds, 9-foot ceilings and beautifully crafted wood kitchen cabinets with crown moldings. Built for todays lifestyle the open concept showcases the gourmet kitchen that is the heart of the home. The huge granite central island with flush eating bar that can fit a family of 4, stainless steel appliances, separate pantry and large dining room make daily living and entertaining a breeze. Soak in the morning and afternoon sun from the from the deck that is equipped with a gas BBQ hook-up. A convenient half bath plus a good sized mud room/rear entrance with built in bench and storage are great additions to the main floor. Upstairs you will find a large master suite with a 4 piece ensuite bathroom and a walk-in closet. Two more good sized bedrooms and a 4 piece bathroom complete the upstairs. The basement is undeveloped and ready for you to create the basement design of your choice, with framing and insulation completed along with a 3-piece rough-in upgrade for a bathroom. You will love the big sky view and no neighbors behind your private fully fenced low maintenance back yard. Located in the vibrant community of Cranston you will have access to many exclusive activities and amenities including the splash park, hockey rink, skating rink, gymnasium and tennis courts. Enjoy an active lifestyle with many walking and biking paths in nearby Fish Creek Park, the Bow River, Golfing and Brookfield Residential YMCA. Just minutes to shopping, restaurants, cinema’s and the South Calgary Health Campus. Easy access to Stoney Trail and Deerfoot Trail makes getting downtown and to the mountains a breeze. Don't miss the opportunity to make this wonderful house your new home.
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:
1,375 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,841 sq. ft.
Lot Frontage:
26'1¾"
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:
Two
Total Rooms Above Grade:
6
Year built:
2013 (Age: 11)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1211190
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
HOA Fee:
$190.00
Cranston
Clubhouse, Park, Racquet Courts, Recreation Facilities
Dishwasher, Dryer, Electric Stove, Microwave, Range Hood, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
12'11" × 10'
Main Floor
Kitchen
14'7" × 12'8"
Main Floor
Living Room
13'2" × 12'4"
2nd Floor
Bedroom
11' × 9'4"
2nd Floor
Bedroom
10'11" × 9'3"
2nd Floor
Bedroom - Primary
13'2" × 12'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 5'3"
2nd Floor
No
4
4'10" x 7'10"
2nd Floor
Yes
4
4'11" x 7'10"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry
Exterior Features:
BBQ gas line, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Cul-De-Sac, Few Trees, Front Yard, Lawn, Low Maintenance Landscape, No Neighbours Behind, Level, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 01, 2024
Days on Mkt:
  • Photo 1: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 1 of 27
  • Photo 2: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Large front entrance
  • Photo 3: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Bright living area
  • Photo 4: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Nice open concept
  • Photo 5: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Huge island
  • Photo 6: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 6 of 27
  • Photo 7: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 7 of 27
  • Photo 8: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 8 of 27
  • Photo 9: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 9 of 27
  • Photo 10: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 10 of 27
  • Photo 11: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    2 pc bath on main
  • Photo 12: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Mud room with built in bench
  • Photo 13: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Big master suite
  • Photo 14: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 14 of 27
  • Photo 15: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Ensuite 4 pc bathroom
  • Photo 16: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    2nd bedroom
  • Photo 17: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    3rd bedroom
  • Photo 18: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Upstairs bathroom
  • Photo 19: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 19 of 27
  • Photo 20: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
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  • Photo 21: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
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  • Photo 22: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 22 of 27
  • Photo 23: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 23 of 27
  • Photo 24: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Community Center
  • Photo 25: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 25 of 27
  • Photo 26: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Photo 26 of 27
  • Photo 27: 150 Cranford Common SE in Calgary: Cranston Detached for sale : MLS®# A2176709
    Shopping nearby
Listed by Real Estate Professionals Inc.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
55
Avg list price:
$630,000
Min list price:
$264,900
Max list price:
$1,650,000
Avg days on market:
34
Min days on market:
1
Max days on market:
118
Avg price per sq.ft.:
$399.93
These statistics are generated based on the current listing's property type and located in Cranston. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706