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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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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53 Shawnee Rise SW
Shawnee Slopes Calgary T2Y 2R8

$735,000
Residential beds: 5 baths: 4.0 1,964 sq. ft. built: 1988

Main Photo: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 1: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 2: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 3: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 4: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 5: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 6: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 7: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 8: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 9: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 10: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
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Photo 22: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 23: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 24: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 25: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
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Photo 41: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 42: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 43: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 44: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 45: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Photo 46: 53 Shawnee Rise SW in Calgary: Shawnee Slopes Detached for sale : MLS®# A2156455
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156455
Bedrooms:
5
Bathrooms:
4
Year Built:
1988
Nestled within the desirable Shawnee Slopes community, this exceptional two-story residence enjoys unparalleled proximity to Fish Creek Park, picturesque pathway systems, cycling and pedestrian trails, and expansive green spaces. This traditional home showcases thoughtful upgrades, including gleaming hardwood flooring throughout, presenting ample opportunity for the new owners to infuse their personal style and vision. Upon entering, one is warmly greeted by a spacious, tile-floored foyer, bathed in an abundance of natural light. The cozy family room features a wood-burning fireplace and charming bay window. Adjacent to this inviting space lies the kitchen, featuring classic oak cabinetry, track lighting, a traditional white tile backsplash, and a newer stainless-steel oven with a flat top stove. The kitchen's efficient layout seamlessly transitions to a breakfast nook, adorned with another sunlit bay window that offers serene views of the private backyard. Just beyond the kitchen lies a formal dining space, while a dedicated living room at the front of the home provides additional comfort, accentuated by thoughtfully designed vaulted ceilings. Completing the main level are a 2-piece powder room and a separate mud/laundry room. Ascending the traditional staircase leads to the upper level of this exceptional residence. The primary bedroom impresses with vaulted ceilings, a generous walk-in closet, and another bay window overlooking the backyard. The primary ensuite bathroom features a jetted soaker tub, a separate toilet, and a standalone shower. Two additional well-appointed, spacious bedrooms and a 4-piece bathroom round out the second floor. The finished lower-level basement offers ample opportunity to realize one's vision, featuring a large recreation and entertainment room, as well as a wet bar. This lower level also provides additional conveniences, including a den - an ideal space for a home office or a dedicated playroom for children. This exceptional property embodies thoughtful design features and a backyard sanctuary, creating an extraordinary lifestyle opportunity. With its prime location, expansive living spaces, and distinctive amenities, 53 Shawnee Rise SW presents a remarkable prospect for young professionals, families, or discerning investors seeking a remarkable residence.
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 Split
Total Living Area:
1,964.06 sq. ft.
Main Level Finished Area:
1,089.23 sq. ft.
Upper Level Finished Area:
874.83 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
844.78 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,134 sq. ft.
Lot Frontage:
46'9"
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:
7
Year built:
1988 (Age: 36)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
8611208
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Family Room, Mantle, Tile, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
Shawnee Slopes
Dishwasher, Dryer, Stove(s), Wall/Window Air Conditioner, Washer
Main Fridge & Basement Fridge, Wet Bar Fridge, Garage Opener with Remote Controls, Alarm Panel
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17'8" × 11'9"
Main Floor
Family Room
15'9" × 14'3"
Main Floor
Kitchen
11'11" × 10'5"
Main Floor
Dining Room
11'6" × 10'
Upper Level
Bedroom - Primary
14'2" × 14'1"
Upper Level
Bedroom
11'1" × 9'4"
Upper Level
Bedroom
12'8" × 9'5"
Basement
Bedroom
14' × 10'4"
Basement
Bedroom
18'7" × 13'7"
Basement
Game Room
31'7" × 21'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
0' x 0'
Upper Level
No
4
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Breakfast Bar, Chandelier, Jetted Tub, No Animal Home, No Smoking Home, Vaulted Ceiling(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Private, See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C2
Listed Date:
Aug 09, 2024
Days on Mkt:
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Listed by Century 21 Bamber Realty LTD.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$499,900
Min list price:
$265,000
Max list price:
$1,175,000
Avg days on market:
28
Min days on market:
1
Max days on market:
131
Avg price per sq.ft.:
$431.54
These statistics are generated based on the current listing's property type and located in Shawnee Slopes. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706