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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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245 Evermeadow Avenue SW
Evergreen Calgary T2Y 4X2

$559,900
Residential beds: 3 baths: 3.0 1,391 sq. ft. built: 2005

Front Elevation View
Photo 1: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 2: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 3: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 4: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 5: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 6: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 7: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 8: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 9: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 10: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 11: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 12: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 13: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 14: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 15: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 16: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 17: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 18: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 19: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Photo 20: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176199
Bedrooms:
3
Bathrooms:
3
Year Built:
2005
PUBLIC OPEN HOUSE, SUNDAY, NOVEMVER 10 BETWEEN 12NOON -2:00PM. Welcome to this beautiful and well-priced 2-storey home located in the desirable community of Evergreen. With approximately 1,400 sq. ft., it boasts great curb appeal and a front porch where you can sit and watch the kids walk to school (Our Lady of the Evergreen). The functional design includes a spacious front living room with a large bay window that provides plenty of natural light, complemented by a cozy gas fireplace. The kitchen is the perfect spot to entertain, featuring a large center island with a raised eating bar and room for stools. Storage is not an issue, with plenty of cabinets, a built-in desk, and a walk-in pantry. The dining area overlooks the south-facing backyard, which has deck space perfect for BBQs, plus a double detached garage. The defined back door area with a closet means you walk right into the kitchen. Head upstairs to find a fantastic master retreat with room for your king bed, along with a 4-piece ensuite. The second and third bedrooms are well-sized, and the 4-piece main bath completes this level. The basement has already begun development, featuring an almost-finished flex room and a 4-piece bath. Enjoy easy access with a 3-minute drive to Stoney Trail, connecting you to all corners of the city. Please show this house first; you won't be disappointed!
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:
1,391 sq. ft.
Main Level Finished Area:
707 sq. ft.
Upper Level Finished Area:
675 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,035 sq. ft.
Lot Frontage:
28'1"
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:
5
Year built:
2005 (Age: 19)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0511297
Heating:
Forced Air
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Evergreen (Calgary)
Dishwasher, Dryer, Electric Stove, Garage Control(s), Range Hood, Refrigerator, Washer, Window Coverings
NONE
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'9" × 11'8"
Main Floor
Dining Room
10'4" × 8'3"
2nd Floor
Bedroom
11'11" × 9'3"
2nd Floor
Bedroom - Primary
13'6" × 12'7"
2nd Floor
Bedroom
9'6" × 9'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
2nd Floor
Yes
4
0' x 0'
2nd Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Street Lights, Walking/Bike Paths
Interior Features:
No Smoking Home
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-1N
Listed Date:
Oct 30, 2024
Days on Mkt:
  • Photo 1: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Front Elevation View
  • Photo 2: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Main Entrance
  • Photo 3: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Living room
  • Photo 4: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Living Room
  • Photo 5: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Living Room
  • Photo 6: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Dining Room
  • Photo 7: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Kitchen
  • Photo 8: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Kitchen
  • Photo 9: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Kitchen & Island
  • Photo 10: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Kitchen & Island
  • Photo 11: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Kitchen & Island
  • Photo 12: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Kitchen & Island
  • Photo 13: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Master Bedroom
  • Photo 14: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Bedroom #2
  • Photo 15: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Bedroom #3
  • Photo 16: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Back Door Entrance
  • Photo 17: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Shared Bathroom
  • Photo 18: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Rear View
  • Photo 19: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Backyard
  • Photo 20: 245 Evermeadow Avenue SW in Calgary: Evergreen Detached for sale : MLS®# A2176199
    Detached Garage
Listed by CIR Realty
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$749,900
Min list price:
$225,000
Max list price:
$1,395,000
Avg days on market:
35
Min days on market:
3
Max days on market:
139
Avg price per sq.ft.:
$388.55
These statistics are generated based on the current listing's property type and located in Evergreen. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706