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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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191 Mckenzie Towne Gate SE
McKenzie Towne Calgary T2Z 4G1

$429,900
Residential beds: 3 baths: 2.0 1,370 sq. ft. built: 2003

Main Photo: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 1: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 2: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 3: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 4: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 5: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 6: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 7: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 8: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 9: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 10: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 11: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 12: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 13: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 14: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 15: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 16: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 17: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 18: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 19: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 20: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 21: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 22: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 23: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 24: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 25: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 26: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 27: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 28: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Photo 29: 191 Mckenzie Towne Gate SE in Calgary: McKenzie Towne Row/Townhouse for sale : MLS®# A2169254
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169254
Bedrooms:
3
Bathrooms:
2
Year Built:
2003
Welcome home to 191 McKenzie Towne Gate! A stunning home with soaring ceilings and nicely refreshed reflecting a perfect price point for you to get into home ownership! Outstanding value, pride in ownership and wonderful design welcomes you into over 1300+sqft of functional living space boasting THREE BEDROOMS an ONE AND A HALF BATHS offering ample room for you and your family. Commencing with curb appeal plus you will immediately notice the Tuscany vibe of the stylish stucco exterior and fantastic large concrete patio where you can sit and enjoy your morning coffee while watching the start of McKenzie Towne's hustle and bustle with residents starting their morning or the kids playing in the McKenzie Town Outdoor Rink. Step inside to the soaring foyer to discover an expansive sitting area or flex space in the lower level that boasts a huge over sized feature window that invites an abundance of natural daylight into this great home. Bright and beautiful the space in so versatile, it could be used in so many ways, A wonderful home office, den, reading nook, formal dining room, the list goes on. A few steps up, opens up to the spacious living room complimented with refinished hardwood, seamlessly transitioning into the designated dining area and kitchen that showcases upgraded GRANITE COUNTER TOPS, raised eating bar, a sleek and rich appliance package, warm maple cabinetry with full tile back splash, pantry and stunning tile flooring. A convenient half bath for friends and family completes this level. The upper level, featuring 8ft ceiling height, offers three sizeable bedrooms with the Primary Bedroom featuring a lovely walk-in closet with additional window and a full four piece main bath for everyone to enjoy. Beautiful GRANITE COUNTER TOPS through out the home along with a nice refresh with paint through out and updated decor. Come and discover one of the largest floorplans in the complex that have recently replaced the windows and are now working on a new exterior fence and gate. Pride in ownership is evident through out. The lower level has convenient in-suite laundry, storage space and entry to your SINGLE ATTACHED GARAGE! Ideal for our four seasons of Alberta weather! All of this and an amazing location with 5 star walkability. You are steps to transit, parks, paths and many amenities. A short walk and you will be in the centre of High Street where you can enjoy a coffee, shop for groceries, exercise, bank and go for a leisurely dinner and enjoy a stroll back home for the evening. With quick access to 52nd Street, Stony Trail and Deerfoot, it is an ideal location. Perfect for first time home ownership or an excellent property for an investment. Enjoy the lifestyle you & your family deserve in a beautiful Community you will enjoy for a lifetime! Don’t miss this opportunity. Call your friendly REALTOR(R) to book your viewing right away!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,370.18 sq. ft.
Main Level Finished Area:
707.43 sq. ft.
Upper Level Finished Area:
662.75 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
218.15 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$380.60
Condo Fee Includes:
Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
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:
Northeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northeast
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2003 (Age: 21)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
0312331
Heating:
Forced Air, Natural Gas
Basement:
Partial, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Off Street, Single Garage Attached
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$226.60
Condo Fee Frequency:
Monthly
The Mosaic In McKenzie Town
McKenzie Towne
None
Dishwasher, Dryer, Electric Stove, Garage Control(s), Range Hood, Refrigerator, Washer, Window Coverings
Ring Doorbell
None Known
Yes
Floor
Type
Size
Other
Main Floor
Living Room
14' × 13'7"
Main Floor
Flex Space
11'10" × 8'3"
Main Floor
Kitchen
12'6" × 9'6"
Main Floor
Dining Room
8'10" × 8'8"
Main Floor
Foyer
5'8" × 4'1"
Upper Level
Bedroom - Primary
13'5" × 13'4"
Upper Level
Walk-In Closet
7'5" × 5'5"
Upper Level
Bedroom
9'4" × 9'3"
Upper Level
Bedroom
10'6" × 8'11"
Lower Level
Laundry
15'1" × 9'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2'7" x 7'
Upper Level
No
4
4'11" x 9'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Open Floorplan, Stone Counters
Exterior Features:
None
Patio And Porch Features:
Patio
Lot Features:
Few Trees, Landscaped, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
DC
Listed Date:
Sep 27, 2024
Days on Mkt:
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Listed by Jayman Realty Inc.
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