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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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404 4270 Norford Avenue NW
University District Calgary T3B 6A8

$749,900
Residential beds: 2 baths: 3.0 1,483 sq. ft. built: 2026

Main Photo: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 1: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 2: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 3: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 4: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 5: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 6: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 7: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 8: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 9: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 10: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 11: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 12: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 13: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 14: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Photo 15: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2129565
Bedrooms:
2
Bathrooms:
3
Year Built:
2026
Welcome to Dean's Landing by Rohit Homes, where contemporary design meets urban convenience in Calgary's sought-after University District. This stunning new build townhouse offers the perfect blend of luxury, functionality and convenience making this an ideal spot to call home. This 2 bed, 2.5 bath and den townhome boasts high end finishings, in suite laundry, waterfall quartz counter tops, triple pane windows and a private balcony. Best of all, you can choose from one of three Designer Interiors curated by award winning designer Louis Duncan-He, giving your new home the chic, elegant or bold feel you desire. All purchases with an A/C rough in for added convenience. Get in touch today to discover more great opportunities like this in Dean's Landing. **Photos are renderings from a similar layout. Finishings in Dean's Landing will be to a higher spec**
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,483.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$305.04
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Includes:
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:
Northeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Southwest
Floor Location:
Other
Entry Level:
2
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2026 (Age: -)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2210937
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt/Gravel
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
Rough-In
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Z-name Not Listed
University District
Bicycle Storage, Community Gardens, Elevator(s), Secured Parking, Visitor Parking
Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer, Window Coverings
Window Coverings Package included, Chic concealed hood fan, waterfall island in kitchen, Custom Designer Lighting Package
None Known
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Foyer
5'5" × 3'8"
2nd Floor
Living Room
15'6" × 12'1"
2nd Floor
Kitchen
10' × 8'
2nd Floor
Dining Room
15'6" × 8'6"
2nd Floor
Furnace/Utility Room
4' × 3'
3rd Floor
Bedroom - Primary
12'10" × 11'4"
3rd Floor
Walk-In Closet
7' × 4'6"
3rd Floor
Bedroom
12'9" × 10'
3rd Floor
Den
8'9" × 6'6"
3rd Floor
Laundry
5'6" × 4'5"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
5' x 5'
3rd Floor
Yes
4
8' x 10'11"
3rd Floor
No
4
5' x 10'
Title to Land:
Leasehold
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Chandelier, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Lot Features:
Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
TBD
Listed Date:
Jul 27, 2024
Days on Mkt:
  • Photo 1: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
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  • Photo 2: 404 4270 Norford Avenue NW in Calgary: University District Row/Townhouse for sale : MLS®# A2129565
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    Photo 15 of 15
Listed by Manor Hill Realty YYC Inc.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$447,000
Min list price:
$335,000
Max list price:
$2,682,750
Avg days on market:
51
Min days on market:
1
Max days on market:
128
Avg price per sq.ft.:
$724.05
These statistics are generated based on the current listing's property type and located in University District. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706