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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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101 Prestwick Heights SE
McKenzie Towne Calgary T2Z 4H9

$569,900
Residential beds: 2 baths: 3.0 1,160 sq. ft. built: 2002

Main Photo: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 1: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 2: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 3: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 4: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 5: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 6: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 7: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 8: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
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Photo 22: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 23: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 24: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
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Photo 30: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 31: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Photo 32: 101 Prestwick Heights SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2160452
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160452
Bedrooms:
2
Bathrooms:
3
Year Built:
2002
Welcome to this bright and cozy two-story home! This home features 2 bedrooms and 2 and a half bathrooms. The open concept main floor includes a spacious living room, kitchen, and dining area which leads to a huge deck in the south facing backyard. The kitchen offers ample cabinet space, a gorgeous quartz counter top island and stainless steel appliances. The upstairs contains all new vinyl flooring, and is complete with 2 bedrooms with a 4-pc bathroom and a lovely bonus room. The finished basement with comfortable carpet has a huge recreation room, laundry room, mechanical room and 3-pc bathroom. With an oversized double garage, new roof, newer hot water tank, new toilets and a new screen door, this house is move-in ready. An updated RPR is a bonus as well. Close to a school, a park and shopping amenities, this place is great for a growing family. Don't let this opportunity pass you by!
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:
1,160 sq. ft.
Main Level Finished Area:
567.13 sq. ft.
Upper Level Finished Area:
592.88 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,787 sq. ft.
Lot Frontage:
25'1¼"
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
Levels:
Two
Total Rooms Above Grade:
6
Year built:
2002 (Age: 22)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0212934
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Tile, Vinyl Plank
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
HOA Fee:
$220.00
McKenzie Towne
Park, Playground
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
None
None Known
Floor
Type
Size
Other
Main Floor
Living Room
12' × 11'6"
Main Floor
Kitchen
12'8" × 7'5"
Main Floor
Dining Room
12'1" × 9'5"
2nd Floor
Bedroom - Primary
18'4" × 13'11"
2nd Floor
Bonus Room
13'5" × 7'8"
2nd Floor
Bedroom
11'2" × 10'7"
Basement
Game Room
18'1" × 16'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2nd Floor
No
4
Basement
No
3
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Lawn, Low Maintenance Landscape, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-1N
Listed Date:
Aug 26, 2024
Days on Mkt:
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Virtual Tour

Listed by eXp Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$519,900
Min list price:
$225,000
Max list price:
$998,000
Avg days on market:
14
Min days on market:
1
Max days on market:
94
Avg price per sq.ft.:
$395.78
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