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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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81 Nolanhurst Crescent NW
Nolan Hill Calgary T3R 1J4

$799,900
Residential beds: 5 baths: 3.0 2,056 sq. ft. built: 2017

Main Photo: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 1: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 2: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 3: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 4: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 5: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 6: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 7: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 8: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 9: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 10: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 11: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 12: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 13: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 14: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 15: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 16: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 17: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 18: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
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Photo 22: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 23: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 24: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 25: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 26: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
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Photo 30: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 31: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
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Photo 34: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 35: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 36: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 37: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Photo 38: 81 Nolanhurst Crescent NW in Calgary: Nolan Hill Detached for sale : MLS®# A2163392
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163392
Bedrooms:
5
Bathrooms:
3
Year Built:
2017
Welcome to this exceptional 6-bedroom, 3.5-bathroom home in the heart of Nolan, boasting over 2,900 square feet of meticulously maintained living space with numerous high-end upgrades throughout. The main floor features a gourmet kitchen with granite countertops, stainless steel appliances, ample cabinet space, and a large island, seamlessly connecting to the dining area and a bright living room with a gas fireplace. A versatile den/office, a 2-piece bath, and access to a spacious south-facing deck complete this level. Upstairs, the primary suite offers a luxurious 5-piece en-suite and walk-in closet, alongside three additional bedrooms, a bonus room, and a laundry room. The fully finished legal basement suite is perfect for extended family or rental income, featuring two bedrooms, a full kitchen, laundry, and a 4-piece bath. The exterior is beautifully landscaped, with a double garage and plenty of outdoor space for relaxation or entertaining. This home is a true gem—schedule your showing today
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
2,055.92 sq. ft.
Main Level Finished Area:
861.12 sq. ft.
Upper Level Finished Area:
1,194.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
613.55 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,229 sq. ft.
Lot Frontage:
29'2"
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:
7
Year built:
2017 (Age: 7)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1610014
Heating:
Forced Air
Basement:
Separate/Exterior Entry, 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:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Nolan Hill
Playground
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'8" × 14'
Main Floor
Dining Room
10'11" × 9'7"
Main Floor
Kitchen
12'6" × 10'11"
Upper Level
Bedroom - Primary
15' × 12'1"
Upper Level
Bedroom
12'4" × 11'3"
Upper Level
Bedroom
9'9" × 9'4"
Upper Level
Family Room
28'4" × 22'11"
Upper Level
Laundry
0 × 0
Basement
Bedroom
11'2" × 8'8"
Basement
Bedroom
10'8" × 8'8"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
4'10" x 9'1"
Upper Level
Yes
5
9'5" x 9'9"
Upper Level
No
2
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
Kitchen Island, No Smoking Home, Open Floorplan, Pantry, See Remarks, Separate Entrance
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-1N
Listed Date:
Oct 10, 2024
Days on Mkt:
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Listed by Melcom Realty LTD.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$559,450
Min list price:
$429,900
Max list price:
$1,098,000
Avg days on market:
31
Min days on market:
5
Max days on market:
91
Avg price per sq.ft.:
$366
These statistics are generated based on the current listing's property type and located in Nolan Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706