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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)

Contact Diane Richardson Easily With These Simple Steps:

  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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2034 and 2036 28 Street SW
Killarney/Glengarry Calgary T3E 2H4

$1,250,000
Residential beds: 8 baths: 4.0 1,946 sq. ft. built: 1966

Main Photo: 2034 and 2036 28 Street SW in Calgary: Killarney/Glengarry Full Duplex for sale : MLS®# A2163047
Photo 1: 2034 and 2036 28 Street SW in Calgary: Killarney/Glengarry Full Duplex for sale : MLS®# A2163047
Photo 2: 2034 and 2036 28 Street SW in Calgary: Killarney/Glengarry Full Duplex for sale : MLS®# A2163047
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Photo 5: 2034 and 2036 28 Street SW in Calgary: Killarney/Glengarry Full Duplex for sale : MLS®# A2163047
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Photo 49: 2034 and 2036 28 Street SW in Calgary: Killarney/Glengarry Full Duplex for sale : MLS®# A2163047
Photo 50: 2034 and 2036 28 Street SW in Calgary: Killarney/Glengarry Full Duplex for sale : MLS®# A2163047
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163047
Bedrooms:
8
Bathrooms:
4
Year Built:
1966
Illegally suited full duplex with 4 self-contained units on an oversized 50 X 125 lot with 3753.9 SQFT of living space and 4 car garage! Investors will love that both sides of this illegally suited duplex are included in the sale – that’s 4 self-contained rental opportunities! Ideally located just 3 blocks to the Killarney Aquatic & Recreation Centre. Parking is never an issue thanks to 2 OVERSIZED double detached garages with parking for 4 vehicles plus plenty of extra parking on the street. All 4 units are well-maintained, 2 bedrooms, 1 bathroom with wood-burning fireplaces, separate entrances and their own separate laundry areas and own kitchens for ultimate privacy! The main floor units have expansive balconies overlooking the community and front yards with mature landscaping. The basement units have access to the large backyard with a patio area for summer barbeques and time spent unwinding. Exceptionally located in the much sought-after community of Killarney/Glengarry, ideal for any active lifestyle with trendy shops and restaurants, an easy bike ride to the Bow River and downtown, walking distance to schools, parks, the Killarney Aquatic Centre, the LRT and so much more. The location alone makes this wonderful 4 unit home an outstanding investment opportunity!
Property Type:
Residential
Property Sub Type:
Full Duplex
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bi-Level, Side by Side
Total Living Area:
1,945.9 sq. ft.
Main Level Finished Area:
1,945.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,808 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,243 sq. ft.
Lot Frontage:
50'
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:
West
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
One
End Unit:
1 Common Wall
Total Rooms Above Grade:
10
Year built:
1966 (Age: 58)
Bedrooms:
8 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
4
Bathrooms:
4.0 (Full:4, Half:0)
Plan:
5661O
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood, Linoleum, Tile
Cooling:
None
Fireplaces:
4
Fireplace Details:
Brick Facing, Living Room, Wood Burning
Garage:
1
Garage Spaces:
4
Parking:
Double Garage Detached, See Remarks
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Unit, Multiple Locations, See Remarks
Killarney/Glengarry
Built-In Oven, Built-In Refrigerator, Microwave, Washer/Dryer
CALL LISTING AGENT
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
10'11" × 8'6"
Main Floor
Kitchen
10'11" × 8'6"
Main Floor
Dining Room
10'5" × 10'5"
Main Floor
Dining Room
10'5" × 10'3"
Main Floor
Living Room
19'3" × 13'6"
Main Floor
Living Room
19'4" × 13'6"
Main Floor
Bedroom - Primary
13'1" × 9'6"
Main Floor
Bedroom - Primary
13'3" × 9'5"
Main Floor
Bedroom
13'1" × 9'7"
Main Floor
Bedroom
13'3" × 9'5"
Basement
Kitchen
10'11" × 8'8"
Basement
Kitchen
11'4" × 8'11"
Basement
Living Room
18'3" × 12'8"
Basement
Living Room
18'7" × 12'10"
Basement
Dining Room
10'9" × 9'2"
Basement
Dining Room
10'8" × 9'3"
Basement
Bedroom
12'6" × 8'11"
Basement
Bedroom
12'10" × 9'1"
Basement
Bedroom
12'4" × 8'11"
Basement
Bedroom
12'9" × 9'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Main Floor
No
4
0' x 0'
Basement
No
3
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Separate Entrance, Soaking Tub, Storage
Exterior Features:
Balcony, Private Yard
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Back Yard, Front Yard, Lawn, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Sep 06, 2024
Days on Mkt:
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Listed by Real Estate Professionals Inc.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$837,450
Min list price:
$230,000
Max list price:
$1,279,000
Avg days on market:
20
Min days on market:
1
Max days on market:
98
Avg price per sq.ft.:
$492.36
These statistics are generated based on the current listing's property type and located in Killarney/Glengarry. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706