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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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111 Edforth Place NW
Edgemont Calgary T3A 3V3

$850,000
Residential beds: 6 baths: 3.0 1,793 sq. ft. built: 1983

Main Photo: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 1: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 2: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 3: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 4: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 5: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 6: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 7: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 8: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 9: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 10: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 11: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 12: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 13: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 14: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 15: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 16: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 17: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 18: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
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Photo 20: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 21: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 22: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 23: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 24: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 25: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
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Photo 28: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 29: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 30: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 31: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 32: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 33: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 34: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 35: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 36: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 37: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Photo 38: 111 Edforth Place NW in Calgary: Edgemont Detached for sale : MLS®# A2165881
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165881
Bedrooms:
6
Bathrooms:
3
Year Built:
1983
***OPEN HOUSE SUNDAY NOVEMBER 3, 1-3PM*** | Welcome to this spacious walk-out bungalow nestled in the sought after NW Calgary community of Edgemont! Tucked away on a quiet cul-de-sac, this home offers an amazing opportunity to modernize and customize a solidly built residence to fit your lifestyle. Boasting 6 bedrooms and 3 full baths, this home is perfect for families or those who love to entertain. Enjoy the convenience of a separate entrance to the fully finished basement, making it ideal for extended family or guests. Step outside onto the massive back deck—perfect for relaxing or hosting summer BBQs. Recent updates include a new Lennox furnace, two new hot water tanks (2018), and triple-pane windows with all-new coverings installed in 2020, ensuring energy efficiency and comfort year-round. Plus, stay cool during the summer with central air conditioning. For outdoor enthusiasts, Nose Hill Park is just steps away, offering quick access to nature. With 3 off-leash dog parks and over 30 km of walking and biking paths, Edgemont is a haven for active living. Public transit and amenities are close by, and downtown is just a short drive away. This home is a rare find with endless potential. Don’t miss the chance to make it your own!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,793 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,568 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
7,933 sq. ft.
Lot Frontage:
53'7"
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:
Levels:
One
Total Rooms Above Grade:
3
Year built:
1983 (Age: 41)
Bedrooms:
6 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
3
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
8110554
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Cedar, Wood Frame
Structure Type:
House
Roof:
Cedar Shake
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Basement, Family Room, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Edgemont
Central Air Conditioner, Dishwasher, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
14'4" × 13'9"
Main Floor
Bedroom
10'5" × 8'5"
Main Floor
Bedroom
10'5" × 9'1"
Basement
Bedroom
15'10" × 11'1"
Basement
Bedroom
11'6" × 9'11"
Basement
Bedroom
11'11" × 8'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Main Floor
Yes
4
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bar, Bookcases, Ceiling Fan(s), Closet Organizers, High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Separate Entrance, Soaking Tub, Storage, Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
Lighting, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, See Remarks
Lot Features:
Back Yard, Cul-De-Sac, Few Trees, Front Yard, Lawn, Garden, Low Maintenance Landscape, Landscaped, Street Lighting, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-C1
Listed Date:
Sep 14, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$634,900
Min list price:
$283,500
Max list price:
$1,238,832
Avg days on market:
28
Min days on market:
3
Max days on market:
132
Avg price per sq.ft.:
$383.97
These statistics are generated based on the current listing's property type and located in Edgemont. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706