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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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209 Elgin Meadows Park SE
McKenzie Towne Calgary T2Z 1B5

$539,900
Residential beds: 2 baths: 3.0 1,131 sq. ft. built: 2012

Main Photo: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 1: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 2: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 3: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 4: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 5: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 6: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 7: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 8: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 9: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 10: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 11: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 12: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 13: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 14: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 15: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 16: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 17: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 18: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 19: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 20: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 21: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 22: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 23: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 24: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Photo 25: 209 Elgin Meadows Park SE in Calgary: McKenzie Towne Semi Detached (Half Duplex) for sale : MLS®# A2168757
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168757
Bedrooms:
2
Bathrooms:
3
Year Built:
2012
Welcome to this beautifully maintained home in the highly sought-after community of McKenzie Towne, this fantastic home is located in Elgin Meadows the final and newest development location in this outstanding community! As you step inside, you're greeted by gleaming hardwood floors and an open-concept layout that flows seamlessly into a modern kitchen, complete with elegant dark maple stained cabinets finished to the ceiling with crown molding detail, and granite countertops & completely updated modern lighting package throughout the main level. Upstairs, you’ll find two spacious master bedrooms, each with its own private ensuite, offering the perfect balance of comfort and convenience for families or guests. The fully developed basement provides even more living space, ideal for a family room, home office, or entertainment area and offers a rough-in 4 piece bathroom for future development growth for those buyers looking to improve the basements functionality. Step outside to enjoy the tastefully landscaped East facing back yard that features a large private deck made from Duradeck that's perfect for entertaining, along with a double detached oversized garage with paved alleyway and a low-maintenance yard. Situated close to parks, schools, shopping, and dining, this home offers the best of both convenience and community. Don’t miss your chance to make this gem your own!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Side by Side
Total Living Area:
1,130.76 sq. ft.
Main Level Finished Area:
546.39 sq. ft.
Upper Level Finished Area:
584.37 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
507.36 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,561 sq. ft.
Lot Frontage:
21'8"
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:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2012 (Age: 12)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1111106
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
McKenzie Towne
Dishwasher, Dryer, Electric Range, Freezer, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
TV mounts, Couches (if wanted), Bar Fridge, Island stools
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
11'10" × 5'7"
Main Floor
Kitchen
10'2" × 9'2"
Main Floor
Living Room
14'4" × 13'6"
2nd Floor
Bedroom
13'10" × 13'7"
2nd Floor
Bedroom - Primary
12'11" × 11'10"
Basement
Game Room
17'5" × 16'6"
Basement
Furnace/Utility Room
16'7" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'7" x 2'8"
2nd Floor
Yes
4
7'11" x 4'11"
2nd Floor
Yes
4
4'11" x 7'10"
Title to Land:
Fee Simple
Community Features:
Fishing, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Few Trees, Front Yard, Lawn, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Sep 26, 2024
Days on Mkt:
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Listed by Charles
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$437,500
Min list price:
$290,000
Max list price:
$959,800
Avg days on market:
25
Min days on market:
4
Max days on market:
82
Avg price per sq.ft.:
$390.12
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