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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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256 New Brighton Walk SE
New Brighton Calgary T2Z 4Y2

$492,000
Residential beds: 3 baths: 3.0 1,568 sq. ft. built: 2015

Main Photo: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 1: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 2: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 3: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 4: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 5: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 6: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 7: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 8: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 9: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 10: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 11: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 12: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 13: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 14: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 15: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 16: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 17: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 18: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 19: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 20: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 21: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 22: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 23: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 24: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 25: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 26: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 27: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 28: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 29: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Photo 30: 256 New Brighton Walk SE in Calgary: New Brighton Row/Townhouse for sale : MLS®# A2126211
Status:
Sold
Sold Date:
Jun 24, 2024
Listed Price:
$499,888
Sold Price:
$492,000
Sold in:
60 days
Prop. Type:
Residential
MLS® Num:
A2126211
Bedrooms:
3
Bathrooms:
3
Year Built:
2015
Welcome to your stunning townhome retreat nestled in the heart of Calgary at 256 New Brighton Walk SE. This exquisite residence offers the perfect blend of modern luxury and comfortable living, boasting an array of desirable features that cater to both convenience and style. Upon entering, you'll be greeted by the spacious and inviting layout, accentuated by high ceilings and contemporary finishes that create an atmosphere of elegance throughout. The second floor seamlessly flows from one area to the next, providing the ideal space for entertaining guests or enjoying quiet evenings with loved ones. The gourmet kitchen is a chef's delight, equipped with sleek stainless steel appliances, ample counter space, and a convenient gas hookup for your BBQ, ensuring that every culinary creation is a masterpiece in the making. Adjacent to the kitchen, you'll find a cozy office nook, perfect for those who work from home or need a dedicated space for studying. Large windows flood the home with an abundance of natural sunlight, creating a warm and inviting ambiance that brightens every corner. Whether you're relaxing in the spacious living room or enjoying a meal in the dining area, you'll be surrounded by picturesque views of the lush surroundings. This townhome boasts three generously sized bedrooms, including a luxurious master suite complete with a private ensuite bathroom, providing the ultimate retreat for rest and relaxation. With two additional bathrooms, morning routines are a breeze, ensuring everyone has ample space and privacy. For added convenience, this home features a double car garage and a front foyer that connects seamlessly to your utility and laundry rooms, making chores a breeze and keeping your living space clutter-free. Located in the vibrant community of New Brighton, this townhome offers easy access to a variety of amenities, including schools, parks, playgrounds, and nearby highways, ensuring that everything you need is just moments away. Don't miss your chance to make this exceptional townhome yours. Schedule your private showing today and experience the epitome of modern living in Calgary.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Immediate, Negotiable
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,568 sq. ft.
Taxes:
$2,171 / 2023
Tax Assessed Value:
330500.0
Condo Fee:
$317.53
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
Front Exposure:
East
Reg. Size Includes:
Interior Above Grade
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2015 (Age: 9)
Bedrooms:
3
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1512676
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Lower Level
Condo Fee Frequency:
Monthly
The Elements
New Brighton
Park, Picnic Area, Playground, Visitor Parking
Dishwasher, Electric Oven, Microwave Hood Fan, Refrigerator, Washer/Dryer
Dishwasher, Electric Stove, Microwave Hood Fan, Oven, Refrigerator, Washer/Dryer, Window Coverings
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Foyer
11'7" × 9'1"
Main Floor
Laundry
10'10" × 7'
2nd Floor
Dining Room
10' × 7'10"
2nd Floor
Kitchen
13'8" × 12'10"
2nd Floor
Living Room
19' × 13'6"
2nd Floor
Pantry
2'4" × 2'
3rd Floor
Bedroom
11' × 10'6"
3rd Floor
Bedroom
11'3" × 8'6"
3rd Floor
Bedroom - Primary
121'11" × 10'11"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
4'11" x 4'11"
3rd Floor
Yes
3
4'10" x 8'6"
3rd Floor
No
4
4'10" x 8'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Closet Organizers, High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Balcony(s)
Lot Features:
Front Yard, Lawn, Low Maintenance Landscape, Street Lighting, Underground Sprinklers
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1 d75
Listed Date:
Apr 25, 2024
Days on Mkt:
60
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Listed by Century 21 Bravo Realty
Data was last updated September 28, 2024 at 12:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706