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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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45 Prestwick Avenue SE
McKenzie Towne Calgary T2Z 3W7

$515,000
Residential beds: 3 baths: 2.0 1,110 sq. ft. built: 2000

Main Photo: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 1: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 2: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 3: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 4: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 5: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 6: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 7: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 8: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 9: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 10: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 11: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 12: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 13: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 14: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 15: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 16: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 17: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Photo 18: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177354
Bedrooms:
3
Bathrooms:
2
Year Built:
2000
Welcome to 45 Prestwick Avenue SE. This home is impressive, as is the price. If you’re feeling the family needs a bit more room, this is the perfect step up, offering three bedrooms up, a four-piece bath and additional half bath, a partially developed basement and a fantastic south-facing spacious yard backing onto a paved laneway and greenspace. The main floor is designed well with a nice open flow from the front living room through to the kitchen and dining area and out onto the back deck. The living room has a cozy dual sided gas fireplace that separates the living and dining rooms. The kitchen offers additional seating around the peninsula island and you’ll appreciate the updated vinyl-plank flooring. There’s also a dedicated pantry for additional storage. Head upstairs and you’ll find three good-sized bedrooms including a primary with a walk-in closet. Head down to the partially finished basement and a half flight down, there is a half bath servicing the main as well as the lower level. In the basement, you’ll find a great additional room for the family to use as a rec/entertainment/play/learn-from-home/office space. There is also ample storage in the laundry/utility room. Out back, the kids will have hours of fun in the spacious backyard. There is also a handy off-street parking pad out back with a large shed for storage. The shingles on this home were recently replaced giving you peace of mind for years to come. Nestled halfway between the conveniences of all the shops, restaurants and services of both McKenzie Towne and 130th Ave., as well as being close to several community schools, and the new South Health Campus Hospital, this home is in a great location. You’ll also love the quick access to Deerfoot, 22X and Stoney Trail making commute-life much easier. For more details, and to see our 360 tour, click the links below.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,110.05 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,787 sq. ft.
Lot Frontage:
25'
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:
Two
Total Rooms Above Grade:
6
Year built:
2000 (Age: 24)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
0010527
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
McKenzie Towne
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
13'4" × 9'9"
Main Floor
Kitchen
11'10" × 11'7"
Main Floor
Living Room
14'11" × 14'
Upper Level
Bedroom
11'6" × 9'11"
Upper Level
Bedroom
9'9" × 9'6"
Upper Level
Bedroom - Primary
13'8" × 9'11"
Basement
Game Room
25'11" × 12'
Basement
Furnace/Utility Room
22'7" × 8'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'6" x 2'6"
Upper Level
No
4
4'11" x 7'6"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 07, 2024
Days on Mkt:
  • Photo 1: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
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  • Photo 18: 45 Prestwick Avenue SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2177354
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Listed by eXp Realty
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