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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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155 Kincora Manor
Kincora Calgary T3R 1N7

$839,900
Residential beds: 4 baths: 3.0 1,579 sq. ft. built: 2006

Main Photo: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 1: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 2: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 3: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 4: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 5: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 6: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 7: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 8: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 9: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 10: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 11: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 12: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 13: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 14: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 15: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 16: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 17: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 18: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 19: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Photo 20: 155 Kincora Manor in Calgary: Kincora Detached for sale : MLS®# A2162403
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162403
Bedrooms:
4
Bathrooms:
3
Year Built:
2006
Visit REALTOR® website for more information. This unique 5 level-split WALKOUT is on a Massive Pie-Shaped lot and has 2489sqft of finished space. Expansive vaulted ceilings & open concept. Step up to the sizeable kitchen, tons of cabinet & counter space & walk-in pantry. A South Facing 10x16’ deck is off the Kitchen. The MB is also on this level with a full bath/separate shower & walk-in closet. Next level up, 2 lrg bdrms and another 4pc bath.3rd level has 4th bdrm, Rec Room and separate entrance to 28x16 brick patio, Gazebo & Huge South Facing Yard. 3rdlevel also has a gas fireplace, perfect for family movie nights. This walkout level is roughed in for a wet bar and could be Suited. The lowest level features a Flex Space, Office? Media / Games room? One of the Largest South lots in Kincora, additionally there is an 8x12’ shed,18x18’ paver’s and a 24x22 garage (29522263)
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
5 Level Split
Total Living Area:
1,578.7 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
7,470 sq. ft.
Lot Frontage:
24'1½"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Levels:
5 Level Split
Total Rooms Above Grade:
5
Year built:
2006 (Age: 18)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
0610563
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, See Remarks
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room
HOA Fee:
$210.00
Kincora
None
Dishwasher, Electric Stove, Garage Control(s), Garburator, Range Hood, Refrigerator, Window Coverings
Gazebo, shed, central vacuum cannister, 2xgarage door openers
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
14' × 10'1"
Main Floor
Kitchen
16'2" × 13'11"
Main Floor
Pantry
3'11" × 3'10"
Main Floor
Bedroom - Primary
14'5" × 12'8"
Main Floor
Walk-In Closet
7'1" × 4'11"
Upper Level
Bedroom
12'11" × 10'5"
Upper Level
Bedroom
12'3" × 10'2"
Lower Level
Living Room
12'5" × 11'7"
Lower Level
Mud Room
5'11" × 5'5"
Lower Level
Laundry
8' × 5'8"
Lower Level
Other
26' × 15'6"
Lower Level
Bedroom
13' × 10'
Lower Level
Den
10'6" × 6'10"
Basement
Other
11'2" × 10'5"
Basement
Flex Space
14'4" × 11'5"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'10" x 12'8"
Upper Level
No
4
4'10" x 8'6"
Lower Level
No
4
4'11" x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Central Vacuum, Closet Organizers, Crown Molding, High Ceilings, Laminate Counters, No Smoking Home, Pantry, Recessed Lighting, Soaking Tub, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound
Exterior Features:
Dog Run, Garden, Storage
Patio And Porch Features:
Deck, See Remarks
Lot Features:
Back Yard, Triangular Lot, City Lot, Corner Lot, Fruit Trees/Shrub(s), Few Trees, Gazebo, Front Yard, Lawn, Garden, Irregular Lot, Landscaped, Level, Street Lighting, Underground Sprinklers, Pie Shaped Lot, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-1N
Listed Date:
Sep 03, 2024
Days on Mkt:
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Listed by PG Direct Realty Ltd.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$715,000
Min list price:
$293,000
Max list price:
$1,299,000
Avg days on market:
33
Min days on market:
6
Max days on market:
111
Avg price per sq.ft.:
$366.41
These statistics are generated based on the current listing's property type and located in Kincora. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706