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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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3120 Kildare Crescent SW
Killarney/Glengarry Calgary T3E 4S4

$1,275,000
Residential beds: 5 baths: 2.0 1,391 sq. ft. built: 1953

Main Photo: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 1: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 2: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 3: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 4: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 5: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 6: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 7: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 8: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 9: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 10: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
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Photo 12: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 13: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 14: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 15: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 16: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 17: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 18: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 19: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 20: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 21: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 22: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 23: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 24: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 25: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 26: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 27: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 28: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 29: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Photo 30: 3120 Kildare Crescent SW in Calgary: Killarney/Glengarry Detached for sale : MLS®# A2127652
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2127652
Bedrooms:
5
Bathrooms:
2
Year Built:
1953
Welcome to Kildare Crescent, one of the most desirable neighbourhoods in Killarney! This outstanding property sits on an expansive 10,462 sq. ft. lot, ideally situated across from a beautiful park and open green space. With nearly 1,400 sq. ft. of finished living space above grade and a fully finished basement, this home offers tremendous potential for renovations or remodelling. The main floor greets you with a spacious front foyer and a cozy living room, featuring a wood-burning fireplace and stunning solid oak hardwood floors that continue into three well-sized bedrooms. Adjacent to the kitchen is a full bathroom, elegantly finished with ceramic tile flooring, a large granite vanity with ample counter space. The kitchen is both functional and stylish, offering plenty of cabinet space, cream shaker cabinets, ceramic tile floors, granite countertops, and a chic tile backsplash. A large farmhouse sink and stainless steel appliances ensure the kitchen is fully equipped for modern living. The dining area, located just off the kitchen, benefits from a large window that floods the space with natural light. At the back of the home, you'll find a generous mudroom and a bonus area perfect for a home office or additional storage. The fully finished basement features vinyl plank flooring, new trim, fresh paint, and updated vinyl windows. This level offers a spacious recreation room, ideal for movie nights, along with two large bedrooms, a laundry room, and a full bathroom complete with a bath-and-shower combo, white tile surround, and a matching gray-and-white vanity. The expansive northwest-facing backyard is a standout feature, offering over 600 sq. ft. of cedar decking with two gas hookups, a hot tub, and an oversized double detached garage with 220V wiring and rough-in for gas. For builders and developers, there is an exciting land assembly opportunity. This property can be combined with the adjacent lots at 3603 and 3120 Kildare Crescent, creating a total of over 19,000 sq. ft. of land. The subdivision for these lots has been approved, allowing for five separate building lots, each suitable for a 2,100 sq. ft. home above grade, complete with options for double or triple garages. With each lot priced under $500,000, this is a fantastic investment opportunity. This location offers convenience and proximity to downtown, as well as easy access to schools, amenities, and public transportation. It’s an ideal site for a future development project, and we’ve attached the subdivision approval package for your review. Don’t miss out on the incredible potential of this Kildare Crescent property!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,391 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
10,462 sq. ft.
Lot Frontage:
31'4"
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:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1953 (Age: 71)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
732GN
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cedar, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Ceramic Tile, Hardwood, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
220 Volt Wiring, Alley Access, Double Garage Detached, Garage Faces Rear, Oversized, Side By Side
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Killarney/Glengarry
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Microwave Hood Fan, Washer
Hot Tub
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'4" × 9'8"
Main Floor
Bedroom
10'1" × 9'11"
Main Floor
Breakfast Nook
11'3" × 5'6"
Main Floor
Kitchen
13'9" × 11'6"
Main Floor
Living Room
19'8" × 15'6"
Main Floor
Mud Room
12'7" × 12'
Main Floor
Bedroom - Primary
12'3" × 11'4"
Basement
Bedroom
11'7" × 10'7"
Basement
Bedroom
16'9" × 10'6"
Basement
Game Room
19'3" × 16'7"
Basement
Laundry
14'9" × 5'2"
Basement
Furnace/Utility Room
16'1" × 14'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'9" x 6'11"
Basement
No
4
5'2" x 8'10"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Separate Entrance, Track Lighting, Vinyl Windows
Exterior Features:
Balcony, Fire Pit, Lighting, Private Entrance, Rain Gutters
Patio And Porch Features:
Rear Porch, Side Porch
Lot Features:
Back Lane, Back Yard, Few Trees, Lake, Lawn, Garden, Level, Pie Shaped Lot, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
DC (pre 1P2007)
Listed Date:
Aug 12, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$874,900
Min list price:
$225,000
Max list price:
$1,759,000
Avg days on market:
34
Min days on market:
2
Max days on market:
143
Avg price per sq.ft.:
$468.21
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