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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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237 Kincora Glen Rise NW
Kincora Calgary T3R 0B8

$775,000
Residential beds: 4 baths: 4.0 2,134 sq. ft. built: 2009

Main Photo: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 1: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 2: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 3: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 4: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 5: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 6: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 7: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 8: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 9: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 10: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
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Photo 22: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 23: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 24: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
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Photo 38: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 39: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 40: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 41: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 42: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Photo 43: 237 Kincora Glen Rise NW in Calgary: Kincora Detached for sale : MLS®# A2177052
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177052
Bedrooms:
4
Bathrooms:
4
Year Built:
2009
Welcome to this 4 bedroom, 4 bathroom, FULLY FINISHED home in the sought-after community of Kincora. This home is situated on a pie-shaped lot, backing a walking path and only a short drive to all the amenities you need. This home offers pride in ownership and you will not be disappointed with the functional layout. Walk inside and be greeted by a large entry with a built-in bench and stunning hardwood floors. The OPEN FLOOR plan features a cozy living room with a gas fireplace and mantel and a recessed space perfect for the TV. The Dining room is spacious with built-in bench seating and connects to the Kitchen. The kitchen counters are currently undergoing a facelift (aswell as the bathroom counters) that will see the laminate counters in the photos replaced with white QUARTZ. The kitchen is absolutely the heart of the home with plenty of cabinets, counter space, and a massive island, plus a walk-through pantry with more cabinets and counter space. The pantry connects to the boot room right off the DOUBLE ATTACHED GARAGE and again offers even more storage. Upstairs you will find at the top of the stairs two well-sized bedrooms both with WALK-IN CLOSETS, a 4 piece bathroom, and a walk-in LAUNDRY ROOM with more built-in storage! There is a large west-facing BONUS room with built-in cabinetry and the PRIMARY BEDROOM is tucked away with a 5 piece ENSUITE and WALK-IN CLOSET! The basement is professionally finished by the builder and features a large Family room with a built-in WET BAR, a FULL 4 piece Bathroom and a 4th Bedroom, plus there is tons of storage! The backyard is well-manicured with a tree line, a Composite Deck, and privacy walls, there is space and hookups for a HOT TUB plus plenty of room for the kids and dogs to still play and run, the back fence also has access to the walking paths backing the property. This home offers both pride in ownership and a thought-out functional layout, Move in ready and could be the one you were waiting for!
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:
2,133.99 sq. ft.
Main Level Finished Area:
896.01 sq. ft.
Upper Level Finished Area:
1,237.98 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
762.31 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,305 sq. ft.
Lot Frontage:
21'10½"
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2009 (Age: 15)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0914293
Heating:
Fireplace(s), Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$210.00
Kincora
Other
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
11'6" × 10'7"
Main Floor
Foyer
14'10" × 10'4"
Main Floor
Kitchen
14'5" × 12'2"
Main Floor
Living Room
14'5" × 12'6"
Upper Level
Bedroom
10' × 10'
Upper Level
Bedroom
12'8" × 10'11"
Upper Level
Bonus Room
16'9" × 12'
Upper Level
Laundry
9'1" × 6'9"
Upper Level
Bedroom - Primary
16' × 12'4"
Basement
Kitchenette
8'1" × 3'1"
Basement
Bedroom
11'9" × 10'9"
Basement
Game Room
27'11" × 21'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'3" x 4'9"
Upper Level
Yes
5
13'8" x 10'7"
Basement
No
4
7'8" x 4'11"
Suite
No
4
4'11" x 9'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bar, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, Laminate Counters, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Soaking Tub, Storage, Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Backs on to Park/Green Space, Low Maintenance Landscape, Street Lighting, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-G
Listed Date:
Nov 02, 2024
Days on Mkt:
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Listed by RE/MAX Rocky View Real Estate
Data was last updated November 14, 2024 at 04:05 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