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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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28 Bedford Circle NE
Beddington Heights Calgary T3K 1L1

$599,900
Residential beds: 6 baths: 3.0 1,000 sq. ft. built: 1979

Main Photo: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 1: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 2: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 3: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 4: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 5: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 6: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 7: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 8: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 9: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 10: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 11: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 12: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 13: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 14: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 15: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 16: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 17: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 18: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 19: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Photo 20: 28 Bedford Circle NE in Calgary: Beddington Heights Detached for sale : MLS®# A2161934
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161934
Bedrooms:
6
Bathrooms:
3
Year Built:
1979
Welcome to 28 Bedford Circle NE – what a great property. this 6 bedroom 3 bathroom fully renovated bungalow in the community of beddington. New countertops, new kitchen, new flooring, new bathrooms, appliances, new kitchen cabinets and so much more.. Basement is fully finished with an illegal suite. Dont miss the opportunity to buy this fully renovated home.
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:
1,000 sq. ft.
Main Level Finished Area:
1,000 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
830 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,606 sq. ft.
Lot Frontage:
11'8"
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:
4
Year built:
1979 (Age: 45)
Bedrooms:
6 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
3
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7811589
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Common Area, In Basement
Beddington Heights
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer, Washer/Dryer
N/a
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
11'5" × 9'1"
Main Floor
Bedroom
9'3" × 8'
Main Floor
Bedroom
11'6" × 8'
Main Floor
Living Room
16' × 11'5"
Basement
Bedroom
9'4" × 7'4"
Basement
Bedroom
10'9" × 9'9"
Basement
Bedroom
13'6" × 7'3"
Basement
Living Room
10'8" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
3
Main Floor
Yes
4
Basement
No
3
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-C1
Listed Date:
Aug 31, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$579,900
Min list price:
$385,000
Max list price:
$928,000
Avg days on market:
14
Min days on market:
0
Max days on market:
67
Avg price per sq.ft.:
$533.49
These statistics are generated based on the current listing's property type and located in Beddington Heights. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706