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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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1119 Mahogany Boulevard SE
Mahogany Calgary T3M 3X8

$719,900
Residential beds: 3 baths: 3.0 1,720 sq. ft. built: 2024

Main Photo: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 1: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 2: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 3: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 4: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 5: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 6: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 7: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 8: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 9: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 10: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Photo 11: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174926
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Exceptional Investment Opportunity in Mahogany! Secure this stunning showhome at today’s prices and benefit from the builder’s leaseback program for up to two years. Introducing the "Joni" floor plan, offering over 1,700 sq. ft. of above-grade living space with soaring 10-foot ceilings throughout the main floor, creating an airy and spacious atmosphere. This open-concept home showcases white oak luxury vinyl plank flooring across the entire main level, providing a striking contrast to the modern color palette. A versatile front flex room is perfect for a home office, reading nook, or play area. As you proceed thrugh the main floor, you’ll be captivated by the 10’ ceilings and the gourmet back kitchen, designed for those who love to entertain. With sleek white cabinetry a contemporary marble carrera style backsplash that wraps around the chimney hood fan, white quartz countertops, and a spacious pantry, this kitchen has it all. The oversized window above the sink lets in abundant natural light and offers a perfect view of the backyard. The central dining area is ideal for family meals, while the cozy front living room is perfect for movie nights. Upstairs, a smartly located bonus room separates the luxurious primary bedroom from the secondary bedrooms, providing privacy and comfort. The expansive primary suite has ample space for all your furniture needs and includes a 5-piece ensuite, making it an inviting retreat. The two additional bedrooms at the opposite end offer room to grow, and the convenient upper-floor laundry and 4-piece bathroom make wash day effortless. The unfinished basement comes with a side entrance, offering the potential to add a secondary suite in the future (A secondary suite would be subject to approval and permitting by the city/municipality). Enjoy the sunny south exposure and spend your summers in the bright, inviting outdoor space, while the double detached garage ensures your vehicles stay safe and warm year-round. Don’t miss your chance to become a part of the vibrant Mahogany community! **Builder Leaseback Program**: The builder will continue to use this as a show home until it’s no longer required (estimated possession is 18-24 months, but may vary). The builder will lease back the property at 6% of the original purchase price (excluding GST), prorated over 12 months.
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:
2 Storey, Side by Side
Total Living Area:
1,720 sq. ft.
Main Level Finished Area:
860 sq. ft.
Upper Level Finished Area:
860 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,523 sq. ft.
Lot Frontage:
18'10¾"
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:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
8
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Full, Unfinished
Foundation:
Poured Concrete
Builder:
Hopewell Residential
New Constr.:
Yes
Construction Material:
Brick, Cement Fiber Board
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
HOA Fee:
$570.00
Mahogany
Recreation Facilities
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer
N/A
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
12'9" × 12'2"
Main Floor
Kitchen
12'11" × 12'10"
Main Floor
Dining Room
12'9" × 9'6"
Main Floor
Den
10'8" × 10'2"
Main Floor
Mud Room
8'2" × 5'10"
Upper Level
Bonus Room
10'2" × 9'2"
Upper Level
Bedroom - Primary
14'3" × 12'9"
Upper Level
Bedroom
9'7" × 9'4"
Upper Level
Bedroom
9'7" × 9'4"
Upper Level
Laundry
6'5" × 5'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'6" x 5'6"
Upper Level
Yes
5
6' x 9'3"
Upper Level
No
4
5'1" x 8'1"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Double Vanity, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Vinyl Windows
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Landscaped, Street Lighting, Rectangular Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Oct 28, 2024
Days on Mkt:
  • Photo 1: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
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  • Photo 10: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
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  • Photo 11: 1119 Mahogany Boulevard SE in Calgary: Mahogany Semi Detached (Half Duplex) for sale : MLS®# A2174926
    Photo 11 of 11
Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$673,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
37
Min days on market:
1
Max days on market:
376
Avg price per sq.ft.:
$455.77
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706