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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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264 Panamount Hill
Panorama Hills Calgary T3K 5M3

$999,000
Residential beds: 6 baths: 4.0 2,435 sq. ft. built: 2002

Front
Photo 1: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 2: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 3: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 4: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 5: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 6: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 7: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 8: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 9: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 10: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 11: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 12: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 13: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 14: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 15: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 16: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 17: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 18: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 19: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 20: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 21: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 22: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 23: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 24: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 25: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 26: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 27: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 28: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 29: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 30: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 31: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 32: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Photo 33: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165256
Bedrooms:
6
Bathrooms:
4
Year Built:
2002
Welcome to your dream home! Nestled in a sought-after neighborhood, this exquisite property on the top of the hill with a walkout basement offers stunning views and unparalleled convenience, being just minutes walking distance from all essential amenities including schools, fitness centers, major shopping centers including grocery, hardware, vehicle maintenance, library, skating, transit entertainment, and restaurants. This is the perfect home for your family to have an active, healthy lifestyle. Step inside to discover a beautifully remodeled kitchen perfect for culinary adventures. Flooring in the lobby on the main floor and kitchen has also been updated with kitchen remodeling. The open-to-above with 9-foot ceiling design fills the house with natural light and adds to the home's modern charm. Enjoy year-round comfort with the central air conditioning and heating system. It also has a new roof, gutters, garage door installed in September 2024, newer furnace, two water heaters, water softener, and central vacuum. The oversized attached garage parks two cars very comfortably and three cars can be parked on the driveway. This spacious layout features a family room, living room, dining area, versatile office/den, half washroom, and laundry on the main floor with access to a huge deck with stunning views. Second floor has four bedrooms and two full bathrooms. The large master bedroom and the nook are an excellent place to relax and enjoy spectacular views. A fully finished ILLEGAL walk-out basement unit (all permits available on request) provides two additional bedrooms and full bathroom, ideal for guests or extended family. Large backyard garden is filled with raspberries, strawberries, and other amazing plants. Don’t miss the chance to own this exceptional home in a prime location. Schedule your viewing today and experience all the comfort and elegance this property has to offer!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey
Total Living Area:
2,435.14 sq. ft.
Main Level Finished Area:
1,251.73 sq. ft.
Upper Level Finished Area:
1,183.42 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,189.76 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
5,124 sq. ft.
Lot Frontage:
40'
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:
Floor Location:
Ground
Levels:
Two
Total Rooms Above Grade:
10
Year built:
2002 (Age: 22)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0113471
Heating:
Central, ENERGY STAR Qualified Equipment, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
Central Air, Full
Fireplaces:
1
Fireplace Details:
Family Room, Gas
Garage:
1
Garage Spaces:
2
Parking:
Covered, Double Garage Attached, Driveway
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Main Level
HOA Fee:
$250.00
Panorama Hills
Other
Central Air Conditioner, Dishwasher, Dryer, Gas Range, Gas Water Heater, Washer, Water Softener
None
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'3" × 13'5"
Main Floor
Family Room
17'2" × 15'
Main Floor
Office
10'8" × 9'
Main Floor
Dining Room
11' × 8'
Main Floor
Kitchen
10'6" × 5'9"
2nd Floor
Bedroom - Primary
17'2" × 14'10"
2nd Floor
Bedroom
14'8" × 10'11"
2nd Floor
Bedroom
11'11" × 11'11"
2nd Floor
Bedroom
10' × 10'
2nd Floor
Sunroom/Solarium
10'11" × 7'6"
Basement
Bedroom
10' × 9'9"
Basement
Flex Space
29'11" × 13'10"
Basement
Bedroom
14'1" × 11'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'8" x 4'6"
2nd Floor
Yes
5
11'1" x 9'3"
2nd Floor
No
4
4'11" x 8'5"
Basement
No
4
5' x 10'6"
Title to Land:
Fee Simple
Community Features:
Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Central Vacuum, Granite Counters, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Separate Entrance
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-1
Listed Date:
Sep 19, 2024
Days on Mkt:
  • Photo 1: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Front
  • Photo 2: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Entrance
  • Photo 3: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Front door
  • Photo 4: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Living Room/Lobby
  • Photo 5: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Living Room
  • Photo 6: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Family Room
  • Photo 7: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Kitchen
  • Photo 8: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Kitchen
  • Photo 9: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Kitchen
  • Photo 10: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Kitchen
  • Photo 11: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Dining
  • Photo 12: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Deck with amazing views
  • Photo 13: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Deck
  • Photo 14: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Den/Office - main floor
  • Photo 15: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Laundry
  • Photo 16: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Garage
  • Photo 17: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Upstairs lobby
  • Photo 18: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Master bedroom
  • Photo 19: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Master bathroom
  • Photo 20: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Sunroom/nook
  • Photo 21: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bathroom 2
  • Photo 22: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bedroom 2
  • Photo 23: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bedroom 3
  • Photo 24: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bedroom 4
  • Photo 25: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bedroom 5 - Basement
  • Photo 26: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bedroom 6 - Basement
  • Photo 27: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Bathroom 3 - Basement
  • Photo 28: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Furnance room
  • Photo 29: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Flex room - Basement
  • Photo 30: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Rear side
  • Photo 31: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Main floor
  • Photo 32: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Second floor
  • Photo 33: 264 Panamount Hill in Calgary: Panorama Hills Detached for sale : MLS®# A2165256
    Basement

Virtual Tour

Virtual Tour

Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
74
Avg list price:
$488,900
Min list price:
$239,000
Max list price:
$1,374,888
Avg days on market:
43
Min days on market:
1
Max days on market:
154
Avg price per sq.ft.:
$378.26
These statistics are generated based on the current listing's property type and located in Panorama Hills. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706