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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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6320 TREGILLUS Street NW
Thorncliffe Calgary T2K 3K3

$699,000
Residential beds: 4 baths: 3.0 953 sq. ft. built: 1964

Main Photo: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Photo 1: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Photo 2: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Photo 3: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Photo 4: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Photo 5: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Photo 6: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
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Photo 44: 6320 TREGILLUS Street NW in Calgary: Thorncliffe Detached for sale : MLS®# A2172785
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172785
Bedrooms:
4
Bathrooms:
3
Year Built:
1964
OPPORTUNITY KNOCKS || GREAT LOCATION . NEW RENOVATION OF THE WHOLE HOUSE , new windows all Led lights and auto senser lights outside entrance and living room. This 4 bedrooms, three full bathrooms, home with 3 SEPARATE ENTRANCES has loads of potential; great for live up and rent down or someone looking to live and make the home their own! Highlights of this family home include a distinctive layout with a VAULTED main level & exposed beam, spacious open concept living and dining areas, large bright windows to bring in the natural light, 2 extra entrances to the lower and basement levels easy convert to legal one bedroom suit , a kitchen area in the basement easy to covert to legal suit or a wet bar, a detached garage along with 2 covered carports, a covered patio area, a large private yard with lush foliage, and loads more! Updates and renovation already completed, FURNACE (2018), and roof shingles (2013). Convenience is all around with schools, shopping, parks, restaurants, local amenities, and transit only steps away. The Thorncliffe community is unique with quick access to Nose Hill/Egerts Park, Deerfoot City, The Rec Room, Superstore, the airport, and multiple route options to downtown and all around the city. Come see this one before it’s gone! seller offer $6000 appliances allowance to the buyer and will pay for the installation cost.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
4 Level Split
Total Living Area:
953 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,102 sq. ft.
Lot Frontage:
46'6"
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:
4 Level Split
Total Rooms Above Grade:
5
Year built:
1964 (Age: 60)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
925JK
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
1
Parking:
Attached Carport, Single Garage Detached
Parking Covered:
2.0
Parking Places:
5.0
Parking Total/Covered:
5 / 2
Laundry Features:
In Basement, Laundry Room, Upper Level
Thorncliffe
Dishwasher, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
21'4" × 12'10"
Main Floor
Dining Room
10'5" × 9'10"
Main Floor
Eat in Kitchen
8'1" × 5'4"
2nd Floor
Bedroom
11'7" × 9'1"
2nd Floor
Bedroom - Primary
11'9" × 10'6"
Lower Level
Bedroom
11'3" × 10'
Lower Level
Bedroom
11'2" × 10'
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
4'11" x 7'11"
Lower Level
No
3
3'4" x 4'6"
Lower Level
No
4
5' x 10'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Separate Entrance, Vinyl Windows
Exterior Features:
Balcony, Covered Courtyard, Garden, Private Yard, Storage
Patio And Porch Features:
Balcony(s), Patio
Lot Features:
Back Lane, Back Yard, Dog Run Fenced In, Front Yard, Garden, Landscaped, Many Trees, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-1
Listed Date:
Oct 12, 2024
Days on Mkt:
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Listed by Diamond Realty & Associates LTD.
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$625,000
Min list price:
$225,000
Max list price:
$887,000
Avg days on market:
27
Min days on market:
4
Max days on market:
138
Avg price per sq.ft.:
$603.4
These statistics are generated based on the current listing's property type and located in Thorncliffe. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706