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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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6627 Bow Crescent NW
Bowness Calgary T3B 2C7

$1,795,000
Residential beds: 4 baths: 4.0 3,188 sq. ft. built: 2024

6627  Bow Cres
Photo 1: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 2: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 3: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 4: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 5: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 6: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 7: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 8: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 9: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 10: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 11: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 12: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 13: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 14: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 15: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 16: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 17: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 18: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Photo 19: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173794
Bedrooms:
4
Bathrooms:
4
Year Built:
2024
LOCATION, LOCATION, LOCATION! Nestled in the heart of Bowness and located on the most sought-after street of Bow Crescent just steps away from the Bow River, this stunning property features over 4,300 sf of developed space and well-appointed high end custom finishings. Expertly designed and crafted by Elegant Homes, this is truly a one-of-a-kind home. The curb appeal is captivating featuring modern design elements, aluminum paneling, metal roofs, and a covered east facing front porch. As you enter the home, you are greeted by an expansive main floor with an open concept design, clean and bright, featuring a large living room with a stunning inset gas fireplace and ceiling height porcelain tile surround, custom millwork, massive windows, and an elegant dining area. 9.6" White Oak engineered hardwood floors throughout the main and upper floors, plus stairs up and down. The Chef's kitchen with two-tone custom cabinetry, oversized waterfall quartz island, full height quartz backsplash, multiple drawers and high-end stainless steel appliances with paneled fridge provide function and practicality for everyday cooking and entertaining plus easy access to the rear deck through the 12' sliding patio doors. The butler pantry offers additional space for storage plus a prep sink and beverage fridge. The private tech office will function well off the main living area with custom built-in desk and shelfing. A rear mud room with custom lockers plus large walk-in closet provide ample storage. The spectacular open staircase with glass railings and open hardwood risers highlight the living space. The upper level offers 3 spacious bedrooms, a good sized laundry room with sink, quartz countertop and lots of cabinet storage. The primary bedroom features an incredible spa-like ensuite with designer tile, an elegant soaker tub, large shower with 10mm glass and bench, Dual vanities with quartz counters, undercabinet lighting, heated tile floors and a private water closet. The oversized master closet features a walk thru into the laundry room. A desk for two finishes off the upper floor. The finished basement features a large rec room along with a full wet bar and built in custom shelving, 4th bedroom and 4 pc. bathroom. Other highlights of this stunning home include 8' high passage doors, Kohler plumbing package including a Touch faucet in the kitchen, designer lighting, rough ins for AC and in-floor heat in the basement and an oversized covered rear deck with glass railings providing the perfect space for entertaining and relaxation regardless of the weather. The oversized detached 3-car garage, fully landscaped, irrigation system with wide open West facing rear yard finish off this incredible home. This property is ideally located for the growing family with easy access to the Bow River pathways, close to schools and shopping, minutes from Downtown and a quick exit to the mountains! This home is a must see and will be sure to impress with all the attention to detail and expert design!
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:
3,188 sq. ft.
Main Level Finished Area:
1,550 sq. ft.
Upper Level Finished Area:
1,638 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,314 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,264 sq. ft.
Lot Frontage:
50'½"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Below Grade
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
4610AJ
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Elegant Homes Ltd
New Constr.:
Yes
Construction Material:
Manufactured Floor Joist, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Family Room, Gas
Garage:
1
Garage Spaces:
3
Parking:
Alley Access, Triple Garage Detached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Sink, Upper Level
Bowness
Bar Fridge, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Garage Control(s), Garburator, Gas Water Heater, Humidifier, Microwave, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
16'6" × 10'3"
Main Floor
Dining Room
12'6" × 10'6"
Main Floor
Living Room
20'3" × 20'
Main Floor
Den
8'1" × 8'
Main Floor
Pantry
9'9" × 8'5"
Main Floor
Mud Room
9'5" × 8'5"
Main Floor
Entrance
9'10" × 5'4"
Upper Level
Bedroom - Primary
16'11" × 14'11"
Upper Level
Bedroom
12'11" × 12'7"
Upper Level
Bedroom
12'10" × 11'11"
Upper Level
Laundry
12'7" × 7'8"
Lower Level
Bedroom
12'11" × 10'7"
Lower Level
Family Room
27'9" × 15'11"
Lower Level
Exercise Room
12'6" × 9'11"
Lower Level
Other
10'9" × 9'
Lower Level
Furnace/Utility Room
16'6" × 11'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
8'5" x 5'5"
Upper Level
No
5
11'9" x 7'9"
Upper Level
Yes
5
15'10" x 11'2"
Lower Level
No
3
9'3" x 6'6"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Bookcases, Built-in Features, Central Vacuum, Closet Organizers, Double Vanity, French Door, Granite Counters, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
BBQ gas line, Private Yard
Patio And Porch Features:
Front Porch
Lot Features:
Back Lane, City Lot, Landscaped, Underground Sprinklers, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Oct 18, 2024
Days on Mkt:
  • Photo 1: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    6627 Bow Cres
  • Photo 2: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Main stairs
  • Photo 3: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Kitchen
  • Photo 4: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Family rm
  • Photo 5: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Family rm
  • Photo 6: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Dinning rm
  • Photo 7: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Pantry
  • Photo 8: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Den/Office
  • Photo 9: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Mud
  • Photo 10: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Powder rm
  • Photo 11: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Upper Loft
  • Photo 12: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Master retreat
  • Photo 13: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Master ensuite
  • Photo 14: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Master ensuite
  • Photo 15: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Master walk-in
  • Photo 16: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Laundry
  • Photo 17: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Main bath
  • Photo 18: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Rear deck
  • Photo 19: 6627 Bow Crescent NW in Calgary: Bowness Detached for sale : MLS®# A2173794
    Rear elevation
Listed by CIR Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$748,800
Min list price:
$164,900
Max list price:
$1,795,000
Avg days on market:
34
Min days on market:
1
Max days on market:
110
Avg price per sq.ft.:
$556.26
These statistics are generated based on the current listing's property type and located in Bowness. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706