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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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2705 5 Avenue NW
West Hillhurst Calgary T2N 0T9

$2,298,888
Residential beds: 5 baths: 6.0 2,882 sq. ft. built: 2025

Main Photo: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 1: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 2: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 3: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 4: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 5: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 6: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 7: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 8: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 9: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 10: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 11: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 12: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 13: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 14: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 15: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 16: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 17: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 18: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Photo 19: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176454
Bedrooms:
5
Bathrooms:
6
Year Built:
2025
MOVE IN BY CHRISTMAS!! Don’t miss your chance to own this ULTRA LUXURIOUS DETACHED home by Govind Luxury Homes, coming to WEST HILLHURST! With lots of space for your family, you’ll be impressed with the thoughtful design and all the high-end finishes and features across 5 beds, 6.5 baths, and bright, spacious living areas! We’re going to quickly run out of room to tell you about all the incredible features of this home, so be sure to VISIT THE MULTIMEDIA LINKS FOR A FULL VIEW OF THE HOME, including floorplans & spec list! MAIN FLOOR FEATURES: Large open foyer with walk in closet, slatted oak wall, main floor bedroom or office w/ custom closet & 3-pc ensuite – elegant powder room – ultra-modern kitchen w/ full-height shaker cabinets, oversized island, quartz countertops, gas cooktop, & a large WALK-IN PREP PANTRY with a second fridge, prep sink, and built-in shelving, stunning over-sized Panelled Fridge & WINE TOWER – living room w/ built-in media/TV wall & gas fireplace – fully equipped mudroom w/ bench/hooks, built-in millwork, & huge walk-in closet – front & rear concrete patios. SECOND FLOOR FEATURES: Bright bonus room – primary suite w/ high vaulted ceiling, extra-large walk-in closet, & 5-pc ensuite w/ freestanding soaker tub, ultra-long vanity w/ dual sinks & quartz counter, & curbless shower w/ full tile – two junior suites w/ walk-in closets & 4-pc ensuites w/ modern vanities & fully-tiled tub/shower combos. LOWER LEVEL FEATURES: Expansive media & rec space for your family w/ full wet bar w/ island – fully loaded home gym with sports flooring & glass wall - guest room/fifth bedroom w/ walk-in closet – contemporary 3-pc bath w/ STEAM SHOWER & modern finishings. EXTERIOR FEATURES: Triple car detached garage, front & rear exposed aggregate patios, Hardie board and board & batten siding, & brick detailing. Consistently ranking among Calgary’s most desirable inner-city family neighbourhoods, West Hillhurst and nearby Parkdale are favourites among urban buyers for their upscale curb appeal, professional demographic, and family-friendly amenities. You’re close to several public and private schools, including Westmount Charter School, Parkdale Elementary School, and the University of Calgary campus. Adding to the list of perks, this location is just a couple of doors away from the Helicopter Playground and a short 5 to 10-minute walk from the Lazy Loaf & Kettle, Leavitt’s Ice Cream Shop, and the Bow River Pathway! Don’t wait – this home is under construction and can be your family’s ideal home today!
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:
2,882.32 sq. ft.
Main Level Finished Area:
1,441.16 sq. ft.
Upper Level Finished Area:
1,441.16 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,243.62 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,440 sq. ft.
Lot Frontage:
37'6"
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:
9
Year built:
2025 (Age: -)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
6.0 (Full:5, Half:1)
Plan:
2310493
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Govind Homes Ltd
New Constr.:
Yes
Construction Material:
Composite Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile, Vinyl Plank
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Upper Level
West Hillhurst
Built-In Oven, Dishwasher, Garage Control(s), Gas Cooktop, Microwave, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17' × 16'10"
Main Floor
Kitchen
15'7" × 9'6"
Main Floor
Spice Kitchen
11' × 5'
Main Floor
Dining Room
12'5" × 10'9"
Main Floor
Bedroom
11'6" × 10'
Main Floor
Library
8'11" × 5'
Upper Level
Bedroom - Primary
19'2" × 15'
Upper Level
Walk-In Closet
10'11" × 8'7"
Upper Level
Bedroom
12'7" × 12'1"
Upper Level
Bedroom
11'10" × 11'7"
Upper Level
Bonus Room
12'2" × 10'9"
Upper Level
Laundry
8'7" × 8'
Basement
Bedroom
12' × 11'3"
Basement
Exercise Room
11'4" × 10'5"
Basement
Other
11'11" × 9'2"
Basement
Living Room
15'3" × 8'2"
Basement
Game Room
19'7" × 16'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
Main Floor
Yes
3
0' x 0'
Upper Level
Yes
4
Upper Level
Yes
5
Basement
No
3
Basement
No
4
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Bar, Built-in Features, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Exterior Features:
BBQ gas line, Private Entrance, Private Yard
Patio And Porch Features:
Front Porch, Patio
Lot Features:
Back Yard, Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Nov 12, 2024
Days on Mkt:
  • Photo 1: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
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  • Photo 6: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Photos are for inspiration purposes only; finishes will vary.
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  • Photo 10: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 11: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 12: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 13: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 14: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 15: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 16: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 17: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 18: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
  • Photo 19: 2705 5 Avenue NW in Calgary: West Hillhurst Detached for sale : MLS®# A2176454
    Community Photo
Listed by RE/MAX House of Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$1,149,900
Min list price:
$285,000
Max list price:
$2,775,000
Avg days on market:
35
Min days on market:
1
Max days on market:
174
Avg price per sq.ft.:
$601.64
These statistics are generated based on the current listing's property type and located in West Hillhurst. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706