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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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5029 North Haven Drive NW
North Haven Calgary T2K 2K5

$589,000
Residential beds: 4 baths: 2.0 953 sq. ft. built: 1967

Main Photo: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 1: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 2: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 3: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 4: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 5: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 6: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 7: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 8: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 9: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 10: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 11: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 12: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 13: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 14: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 15: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 16: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 17: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 18: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 19: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 20: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 21: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 22: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 23: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 24: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 25: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 26: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 27: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 28: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 29: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 30: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 31: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 32: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 33: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 34: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Photo 35: 5029 North Haven Drive NW in Calgary: North Haven Semi Detached (Half Duplex) for sale : MLS®# A2159729
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2159729
Bedrooms:
4
Bathrooms:
2
Year Built:
1967
Don’t miss out on this INCREDIBLE OPPORTUNITY to own this BEAUTIFUL SUITED (illegal) bi-level that has been extensively RENOVATED. Great investment property or live up, rent down! This 2 + 2 bedroom home is located in the highly sought-after community of North Haven. Some of the updates include: paint, doors, windows, flooring, kitchens, and hot water tank. The main floor unit features a gourmet kitchen with QUARTZ countertops, STAINLESS STEEL appliances and white kitchen cabinets overlooking the dining area and living room with patio doors that lead to your BALCONY. There are also 2 bedrooms, a full bathroom, and laundry. The lower unit features a modern and bright kitchen with a window, a large living room, 2 bedrooms, a full bathroom, and separate laundry. Excellent location, close to Nose Hill Park, schools, parks, downtown, U of C, SAIT, ACAD, transit, shopping, and major roadways. Exceptional VALUE!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bi-Level, Side by Side
Total Living Area:
952.73 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
908.52 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,519 sq. ft.
Lot Frontage:
31'11⅞"
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:
Southeast
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
1967 (Age: 57)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1910311
Heating:
Forced Air
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
Duplex
Roof:
Asphalt
Ensuite:
No
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
North Haven
See Remarks
Refrigerator x2, Dishwasher, Stove, Gas Stove, Hood Fan x2, Washer, Dryer`
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12'4" × 10'4"
Main Floor
Bedroom
13'8" × 8'5"
Main Floor
Dining Room
8'11" × 8'8"
Main Floor
Living Room
20'1" × 12'2"
Main Floor
Kitchen
11'10" × 8'8"
Basement
Bedroom
13'2" × 8'4"
Basement
Bedroom
11'9" × 9'9"
Basement
Kitchen
8'5" × 7'10"
Basement
Game Room
20'5" × 12'1"
Basement
Furnace/Utility Room
11'6" × 8'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'7" x 8'5"
Basement
No
3
6'10" x 8'4"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Kitchen Island, No Smoking Home, Open Floorplan, Quartz Counters, Storage
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Back Yard, City Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-C2
Listed Date:
Aug 24, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
5,132
Avg list price:
$599,900
Min list price:
$134,900
Max list price:
$10,000,000
Avg days on market:
24
Min days on market:
0
Max days on market:
618
Avg price per sq.ft.:
$441.56
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706