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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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NEXT Open House details
Nov 16, 2024 02:00 PM - 04:00 PM MST

417 Huntley Way NE
Huntington Hills Calgary T2K 4Z7

$699,000
Residential beds: 5 baths: 2.0 980 sq. ft. built: 1972

Main Photo: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 1: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 2: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 3: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 4: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 5: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 6: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 7: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 8: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 9: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 10: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 11: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 12: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 13: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 14: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 15: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 16: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 17: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 18: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 19: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 20: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 21: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 22: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 23: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 24: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 25: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 26: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
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Photo 38: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 39: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 40: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Photo 41: 417 Huntley Way NE in Calgary: Huntington Hills Detached for sale : MLS®# A2178559
Open House - Nov 16, 2024
02:00 PM - 04:00 PM MST
NOTES: Open House on Saturday, November 16, 2024 2:00PM - 4:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178559
Bedrooms:
5
Bathrooms:
2
Year Built:
1972
FULLY RENOVATED, OVERSIZED GARAGE WITH STORAGE, ILLEGAL SUITE SEPARATE ENTRY and LAUNDRY, 5 BEDS, 2 BATHS - OVER 1800 SQFT LIVEABLE SPACE, LANDSCAPED, BACKYARD AND LANE - Welcome to this beautiful home, with MODERN FINISHINGS AND ELEGANT DESIGN - This home begins with an OPEN CONCEPT living, dining and kitchen with all STAINLESS STEEL APPLIANCES and modern cabinetry. The tile faced fireplace adds warmth to the home and large windows bring in a lot of natural light. 3 BEDS AND 1 BATH complete this level. BACKYARD access leads to an OVERSIZED 2 CAR GARAGE with adjoining STORAGE ROOM. The ILLEGAL BASEMENT SUITE WITH SEPARATE ENTRY AND LAUNDRY has 2 BEDS, 1 BATH large rec room and full kitchen with all STAINLESS STEEL APPLIANCES. This home is in a solid location, being steps from a park and school and with shops close by.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
979.91 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
836.66 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,240 sq. ft.
Lot Frontage:
42'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1972 (Age: 52)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
686LK
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:
No
Flooring:
Tile, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Oversized
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level, Multiple Locations
Huntington Hills
Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Range Hood, Refrigerator, Washer, Washer/Dryer
Dishwasher, Refrigerator, Electric Range
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'7" × 14'5"
Main Floor
Kitchen
12'10" × 10'9"
Main Floor
Dining Room
11'8" × 8'7"
Main Floor
Bedroom - Primary
11'4" × 10'
Main Floor
Bedroom
9'4" × 7'9"
Main Floor
Bedroom
10'11" × 10'
Basement
Game Room
17'8" × 14'11"
Basement
Furnace/Utility Room
12'10" × 8'9"
Basement
Kitchen
17'8" × 8'7"
Basement
Bedroom
13'4" × 8'
Basement
Bedroom
13' × 10'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 10'
Basement
No
4
7'10" x 6'
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Quartz Counters
Exterior Features:
Other
Patio And Porch Features:
Other
Lot Features:
Back Lane, Back Yard, Front Yard, Lawn, Low Maintenance Landscape, Landscaped, Level
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-CG
Listed Date:
Nov 11, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$604,500
Min list price:
$189,900
Max list price:
$899,900
Avg days on market:
26
Min days on market:
2
Max days on market:
167
Avg price per sq.ft.:
$520.8
These statistics are generated based on the current listing's property type and located in Huntington Hills. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706