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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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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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66 Crossley Street
NONE Red Deer T4P 0G6

$579,000
Residential beds: 4 baths: 4.0 1,907 sq. ft. built: 2009

Main Photo: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 1: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 2: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 3: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 4: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 5: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 6: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 7: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 8: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 9: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 10: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 11: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 12: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 13: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 14: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 15: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 16: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 17: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 18: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 19: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Photo 20: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2138817
Bedrooms:
4
Bathrooms:
4
Year Built:
2009
Visit REALTOR® website for additional information. Welcome to this stunning 2 ½ story home with a rear attached double garage, in a great location in Red Deer. Step inside to a spacious & open main living area with A/C & a beautiful granite surround fireplace. The kitchen has dark cabinets, granite countertops, & ample of cabinet space with a breakfast bar, stainless appliances, including an induction range plus pantry. The main floor also includes a 2-piece bath & walk-in closet. 3 beds up & a family room offer plenty of space for family with the convenience of a laundry area by the rooms. The master suite features a 5 pc en-suite & walk-in closet. The finished basement has a large rec room, a wet bar plus an additional bed with 3-piece bath & walk-in closet. Enjoy the outdoors in the beautifully landscaped yard with deck & garden.
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:
1,907 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,929 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:
South
Reg. Size:
Reg. Size Includes:
Levels:
2 and Half Storey
End Unit:
No Common Walls
Total Rooms Above Grade:
9
Year built:
2009 (Age: 15)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0827736
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Central Air, None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
4
Parking:
Double Garage Attached, Heated Garage, Rear Drive
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Upper Level
NONE
Dishwasher, Electric Oven, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Family Room
17'3" × 13'4"
Main Floor
Foyer
10'6" × 8'8"
Main Floor
Other
21'9" × 18'
Main Floor
Kitchen
15'8" × 12'4"
Main Floor
Living Room
12'8" × 10'
Main Floor
Walk-In Closet
7'9" × 5'9"
2nd Floor
Bedroom
10'8" × 10'5"
2nd Floor
Bedroom
11'5" × 10'7"
2nd Floor
Family Room
13'11" × 12'10"
2nd Floor
Bedroom - Primary
13'11" × 13'
2nd Floor
Walk-In Closet
8'11" × 6'5"
Basement
Bedroom
12'5" × 11'4"
Basement
Game Room
25'1" × 18'2"
Basement
Furnace/Utility Room
11'4" × 6'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
7'10" x 2'9"
2nd Floor
No
4
7'10" x 6'11"
2nd Floor
Yes
5
10'1" x 8'6"
Basement
Yes
3
11'4" x 3'11"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Ceiling Fan(s), Closet Organizers, Double Vanity, Granite Counters, Open Floorplan, Pantry, Track Lighting, Walk-In Closet(s)
Exterior Features:
Garden, Private Entrance, Rain Gutters
Patio And Porch Features:
Deck, Patio, Porch
Lot Features:
Back Lane, Back Yard, Corner Lot, Few Trees, Gazebo, Front Yard, Lawn, Landscaped, Level, Standard Shaped Lot, Meadow, Street Lighting, Private, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Red Deer
Zoning:
R1
Listed Date:
Jun 06, 2024
Days on Mkt:
  • Photo 1: 66 Crossley Street: Red Deer Detached for sale : MLS®# A2138817
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Listed by PG Direct Realty Ltd.
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
211
Avg list price:
$465,900
Min list price:
$84,900
Max list price:
$2,200,000
Avg days on market:
37
Min days on market:
1
Max days on market:
297
Avg price per sq.ft.:
$322.91
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706