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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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NEXT Open House details
Sep 21, 2024 02:00 PM - 04:30 PM MDT

102 Masters Common SE
Mahogany Calgary T3M 2N5

$885,000
Residential beds: 3 baths: 3.0 2,271 sq. ft. built: 2017

Main Photo: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 1: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 2: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 3: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 4: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 5: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 6: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 7: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 8: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 9: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 10: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 11: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 12: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 13: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 14: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
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Photo 22: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 23: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 24: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 25: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
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Photo 31: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
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Photo 33: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
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Photo 43: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 44: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 45: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 46: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 47: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Photo 48: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
Open House - Sep 21, 2024
02:00 PM - 04:30 PM MDT
NOTES: Open House on Saturday, September 21, 2024 2:00PM - 4:30PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2153005
Bedrooms:
3
Bathrooms:
3
Year Built:
2017
Welcome to your dream home in Mahogany, where thoughtful upgrades create an atmosphere of inviting charm from the moment you step inside. With over 2200 sqft of living space, this stylish Jayman Emerge home stands out with its bespoke upgrades, offering a unique and personalized living experience unlike any other. The gourmet open-concept kitchen is a culinary enthusiast's dream, featuring sleek white cabinetry, stunning quartz countertops, and a large island perfect for both meal prep and casual dining. Equipped with stainless steel appliances and a walk-in pantry, this kitchen truly has it all. Enjoy your morning coffee in the bright dining area, seamlessly connected to the inviting living room—an ideal space for hosting and entertaining guests. Experience Calgary’s beautiful summers from your private deck, overlooking a meticulously landscaped, fully fenced backyard—your perfect oasis for outdoor gatherings and relaxation. A convenient powder room and mudroom enhance the functionality for busy families. Step into a mechanic's paradise with a fully customized garage featuring vaulted ceilings, an infrared heater, bespoke shelving racks, an electric hoist, a magnetic drill, an air compressor, and numerous additional upgrades—perfect for both hobbyists and professionals. Upstairs, a spacious bonus room awaits, along with a convenient laundry room. The luxurious primary suite boasts a walk-in closet and a five-piece ensuite bathroom, complemented by two additional bedrooms and a four-piece family bathroom. The walkout basement is ready for your personal touch, leading to a fully turfed landscaped yard with a concrete pad and motorized trailer-style gate, offering flexible options which could be an option to park your trailer during the winter months. Additional upgrades to this home include air-conditioning, custom lighting both inside and out including gemstone lights, a blinds package, brand new carpet, landscaping, and more. This home perfectly balances modern luxury with natural serenity. Plus its in a fantastic location situated just a short walk from the main beach and club entrance, as well as serene wetlands and walking paths, it offers peaceful nature retreats right at your doorstep.
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:
2,270.85 sq. ft.
Main Level Finished Area:
992.83 sq. ft.
Upper Level Finished Area:
1,278.02 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,014 sq. ft.
Lot Frontage:
32'4½"
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:
8
Year built:
2017 (Age: 7)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1810048
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Full, Unfinished, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Additional Parking, Double Garage Attached, Driveway, Electric Gate, Front Drive, Heated Garage, Rear Drive, RV Access/Parking, See Remarks, Workshop in Garage
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$570.03
Mahogany
Clubhouse
Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Microwave Hood Fan, Refrigerator, Stove(s), Tankless Water Heater, Washer
Gemlights, Motorized Gate Control
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
13'8" × 11'2"
Main Floor
Dining Room
13' × 12'
Main Floor
Living Room
16'8" × 13'8"
Main Floor
Foyer
11'2" × 5'8"
Upper Level
Family Room
13'10" × 11'8"
Upper Level
Laundry
7'2" × 7'
Upper Level
Bedroom - Primary
17'2" × 11'4"
Upper Level
Bedroom
13'4" × 9'6"
Upper Level
Bedroom
13'4" × 9'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'2"
Upper Level
Yes
5
11'10" x 13'6"
Upper Level
No
5
5' x 11'10"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Built-in Features, Double Vanity, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, See Remarks, Separate Entrance, Soaking Tub, Tankless Hot Water, Walk-In Closet(s), Wired for Data
Exterior Features:
Balcony, BBQ gas line, Lighting, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Low Maintenance Landscape, Landscaped, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-1
Listed Date:
Jul 31, 2024
Days on Mkt:
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  • Photo 19: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    deck off of main floor
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    deck off of main floor
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    powder room
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    bonus room - upper
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    bonus room - upper
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    bonus room - upper
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    primary bed
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  • Photo 27: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    primary ensuite
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    primary ensuite
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    primary ensuite
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    primary ensuite
  • Photo 31: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    primary ensuite
  • Photo 32: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    bedroom 2
  • Photo 33: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    upper bath
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    bedroom 3
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    upper laundry
  • Photo 36: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    front entry
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    backyard
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    backyard with motorized gate
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    concrete pad flex
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    custom exterior lighting
  • Photo 44: 102 Masters Common SE in Calgary: Mahogany Detached for sale : MLS®# A2153005
    custom exterior lighting
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    custom exterior lighting
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Listed by Century 21 Bamber Realty LTD.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
108
Avg list price:
$699,900
Min list price:
$289,900
Max list price:
$2,750,000
Avg days on market:
38
Min days on market:
1
Max days on market:
322
Avg price per sq.ft.:
$453.97
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