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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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4204 115 Prestwick Villas SE
McKenzie Towne Calgary T2Z 0N1

$334,900
Residential beds: 2 baths: 2.0 840 sq. ft. built: 2008

Main Photo: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 1: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 2: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 3: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 4: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 5: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 6: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 7: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 8: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 9: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 10: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 11: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 12: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 13: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 14: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 15: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 16: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 17: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 18: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 19: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 20: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 21: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 22: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Photo 23: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176217
Bedrooms:
2
Bathrooms:
2
Year Built:
2008
Make the Move before the Winter Holidays! Enjoy the relaxed lifestyle in this well-maintained 2-bedroom, 2-bath condo, complete with a versatile den perfect for a home office. Located in the established community of McKenzie Towne, this condo features a spacious open-concept layout, where the kitchen flows into the living room. The kitchen includes a sit-up eating bar, with newer dishwasher and microwave. The primary bedroom offers a walkthrough closet leading into a private 4-piece ensuite, providing both convenience and privacy. Separate from the kitchen, the in-suite laundry (newer washer and dryer) adds everyday ease, and fresh paint throughout the unit gives a refreshed, move-in-ready feel. The living room opens onto a covered balcony. With a titled underground parking stall and a storage locker, this condo covers all your practical needs. Situated in a family-friendly community with established schools, parks, and nearby shopping, this unit provides comfortable living in one of Calgary’s most welcoming neighborhoods.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
840 sq. ft.
Main Level Finished Area:
840 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$447.73
Condo Fee Includes:
Common Area Maintenance, Heat, Insurance, Interior Maintenance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Water
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
Unit Exposure:
North
Floor Location:
Other
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2008 (Age: 16)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0812822
Heating:
Baseboard
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Carpet, Tile
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$226.60
Condo Fee Frequency:
Monthly
Prestwick Place
McKenzie Towne
Elevator(s), Parking, Secured Parking, Snow Removal, Storage, Trash, Visitor Parking
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
n/a
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
11'1" × 9'10"
Main Floor
Dining Room
10'5" × 8'8"
Main Floor
Foyer
9'4" × 5'
Main Floor
Kitchen
8'3" × 8'
Main Floor
Living Room
16'6" × 16'5"
Main Floor
Bedroom - Primary
16'6" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'10" x 7'9"
Main Floor
Yes
4
4'10" x 7'10"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-2
Listed Date:
Nov 01, 2024
Days on Mkt:
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  • Photo 9: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Primary Bedroom with Walkthru Closet and 4pc Ensuite
  • Photo 10: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Spacious Primary Bedroom
  • Photo 11: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Walkin Closet
  • Photo 12: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    4pc Ensuite
  • Photo 13: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Second Bedroom
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  • Photo 15: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Guest 4pc Bath
  • Photo 16: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Newer Washer/dryer
  • Photo 17: 4204 115 Prestwick Villas SE in Calgary: McKenzie Towne Apartment for sale : MLS®# A2176217
    Covered Deck
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Virtual Tour

Virtual Tour

Listed by Century 21 Bamber Realty LTD.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$441,200
Min list price:
$290,000
Max list price:
$959,800
Avg days on market:
23
Min days on market:
5
Max days on market:
83
Avg price per sq.ft.:
$391.28
These statistics are generated based on the current listing's property type and located in McKenzie Towne. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706