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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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7325-7327 37 Avenue NW
Bowness Calgary T3B 1T2

$977,777
Residential beds: 3 baths: 2.0 1,720 sq. ft. built: 1968

Main Photo: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 1: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 2: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 3: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 4: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 5: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 6: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 7: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 8: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
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Photo 10: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
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Photo 20: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 21: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 22: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 23: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 24: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 25: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 26: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
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Photo 30: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Photo 31: 7325-7327 37 Avenue NW in Calgary: Bowness Full Duplex for sale : MLS®# A2158266
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2158266
Bedrooms:
3
Bathrooms:
2
Year Built:
1968
INVESTORS and BUIILDERS alert!!!Side by side Full duplex!!! Infront of Park/ School!! in Bowness for sale. . 8 bedrooms total. 4 living rooms total, total. 4 bathrooms total. Beautiful original hardwood flooring is exposed in living room on one side. Main floors has Each side two bedrooms, 4 piece bath, living room, kitchen and large dining room. Developed basement has two more bedrooms, another 4 piece bath, 2nd living room and mechanical. Each side has own electric meter, and forced air heating. Close to schools, shopping, parks and playgrounds. Title subdividable. This unique property is perfectly positioned near essential amenities, including shopping centers, schools, the newly completed ring road and a QUICK EXIT to the ROCKIES making it a highly attractive area now and future potential. . Don’t miss out on this rare investment gem. Contact us today for more details and to arrange your exclusive private viewing.
Property Type:
Residential
Property Sub Type:
Full Duplex
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow, Side by Side
Total Living Area:
1,720 sq. ft.
Main Level Finished Area:
860 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
770 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,082 sq. ft.
Lot Frontage:
50'
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:
0
Levels:
One
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
1968 (Age: 56)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
3902jk
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Linoleum
Cooling:
Other
Fireplaces:
0
Garage:
0
Parking:
Additional Parking, Carport
Parking Covered:
4.0
Parking Places:
0.0
Parking Total/Covered:
0 / 4
Laundry Features:
In Basement
Bowness
Electric Stove, Refrigerator, See Remarks, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13'3" × 10'3"
Main Floor
Bedroom
13'3" × 8'10"
Main Floor
Living Room
15'4" × 15'4"
Main Floor
Kitchen
12'3" × 10'1"
Main Floor
Dining Room
8'10" × 6'4"
Basement
Bedroom
12'9" × 8'11"
Basement
Office
11'2" × 9'3"
Basement
Game Room
18'8" × 14'5"
Basement
Storage
9'7" × 6'2"
Basement
Furnace/Utility Room
16' × 7'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7' x 5'
Basement
No
3
10'1" x 5'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), See Remarks
Exterior Features:
Other
Patio And Porch Features:
Other
Lot Features:
Back Lane, Front Yard, Other, Rectangular Lot, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
RC-G
Listed Date:
Aug 16, 2024
Days on Mkt:
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Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$734,350
Min list price:
$164,900
Max list price:
$1,795,000
Avg days on market:
35
Min days on market:
1
Max days on market:
111
Avg price per sq.ft.:
$559.66
These statistics are generated based on the current listing's property type and located in Bowness. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706