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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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200 Prestwick Manor SE
McKenzie Towne Calgary T2Z 4S5

$699,900
Residential beds: 3 baths: 3.0 1,343 sq. ft. built: 2006

Main Photo: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 1: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 2: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 3: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 4: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 5: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 6: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 7: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 8: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
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Photo 24: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
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Photo 27: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Photo 28: 200 Prestwick Manor SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2176860
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176860
Bedrooms:
3
Bathrooms:
3
Year Built:
2006
Move in now! Beautifully curated, custom Jayman BUILT bungalow and immaculately maintained by the original owner, you will discover one of the nicest air-conditioned "MOVE IN READY" bungalows in the highly sought-after community of McKenzie Towne. Situated in Prestwick Estates, where pride of ownership can be easily seen, this outstanding FULLY FINISHED home offers over 2670+ square feet of thoughtfully developed and designed living space. Boasting 3 bedrooms, an open floor plan living area, a main floor office, 2.5 bathrooms, high ceilings, oversized windows, and many upgrades... this home will surely impress. Very bright and open design with the kitchen, including stunning raised panel maple wood cabinet doors, GRANITE, a center island with a flush eating bar and undermount sink, a full pantry, newer dark stainless steel appliances, and recessed LED lighting. Refinished "real" hardwood flooring invites you past the front foyer and into the generous open floorplan with 9' ceilings. Your eyes will immediately be drawn to the gorgeous centralized gas fireplace with a mantel/tile surround framed by extra windows. The spacious Primary Suite features French doors to your private front verandah, your very own private "spa-like" 5-piece ensuite, and a walk-in closet for you to enjoy solely. The fully developed lower level includes a recreation room with a corner gas fireplace, a spacious flex area, two more bedrooms, a full bath, a laundry room, an 8'8" ceiling height, and an extra generous unfinished storage and workshop area. Going above and beyond, you will step out of the beautiful backyard, boasting a lovely oasis featuring an upper wood deck, a stamped concrete patio (x2), and a 2-car detached 22 x 20 garage. To complete this home and ease of maintenance, the front yard is finished with faux grass, the exterior elevation shows gorgeous stone details, and the front verandah offers a large covered front entry for your morning coffee. Check and Compare! It is a lovely home in an outstanding area. You can call your friendly REALTOR(R) to book you viewing.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,342.78 sq. ft.
Main Level Finished Area:
1,342.78 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,023.86 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,467 sq. ft.
Lot Frontage:
42'
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Floor Location:
Other
Levels:
One
Total Rooms Above Grade:
5
Year built:
2006 (Age: 18)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0614652
Heating:
Central, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Jayman BUILT
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Family Room, Gas, Great Room, Mantle, Tile
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Garage Faces Rear, Side By Side
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Laundry Room
HOA Fee:
$220.00
McKenzie Towne
Visitor Parking
Central Air Conditioner, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
Attached TV
Easement Registered On Title, Restrictive Covenant-Building Design/Size, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
22'3" × 14'
Main Floor
Kitchen
15' × 12'
Main Floor
Pantry
0' × 0'
Main Floor
Bedroom - Primary
13'10" × 12'3"
Main Floor
Foyer
7' × 5'4"
Main Floor
Office
8'1" × 7'
Main Floor
Mud Room
6'4" × 4'1"
Basement
Laundry
11'3" × 6'4"
Basement
Family Room
21'10" × 15'
Basement
Storage
14'10" × 12'10"
Basement
Bedroom
11'3" × 10'4"
Basement
Bedroom
11'8" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
0' x 0'
Main Floor
No
2
0' x 0'
Basement
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Chandelier, Closet Organizers, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Courtyard, Lighting, Private Yard, Rain Gutters
Patio And Porch Features:
Deck, Front Porch, Patio, Porch
Lot Features:
Back Lane, Back Yard, Fruit Trees/Shrub(s), Front Yard, Lawn, Interior Lot, Landscaped, Street Lighting, Underground Sprinklers, Yard Lights, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 01, 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