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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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127 Ranchview Mews NW
Ranchlands Calgary T3G 1M6

$749,900
Residential beds: 5 baths: 3.0 1,343 sq. ft. built: 1979

Main Photo: 127 Ranchview Mews NW in Calgary: Ranchlands Detached for sale : MLS®# A2152157
Photo 1: 127 Ranchview Mews NW in Calgary: Ranchlands Detached for sale : MLS®# A2152157
Photo 2: 127 Ranchview Mews NW in Calgary: Ranchlands Detached for sale : MLS®# A2152157
Photo 3: 127 Ranchview Mews NW in Calgary: Ranchlands Detached for sale : MLS®# A2152157
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Photo 5: 127 Ranchview Mews NW in Calgary: Ranchlands Detached for sale : MLS®# A2152157
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Photo 41: 127 Ranchview Mews NW in Calgary: Ranchlands Detached for sale : MLS®# A2152157
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2152157
Bedrooms:
5
Bathrooms:
3
Year Built:
1979
Amazing location & on a quiet cul de sac in the desirable area of Ranchland Estates with over 2600 sqft of living space. This beautiful 5-bedroom home has a fully developed walk-out basement that leads to a wonderful private deck and walking pathway to the park. The main floor provides a bright & open living room and a rare wood-burning fireplace next to the formal dining room. The kitchen has beautifully black granite countertops, stainless steel appliances, tile floors & patio doors to a balcony with a city view. Three bedrooms on this floor, with the primary bedroom having its 3pc ensuite with quartz countertop. The basement level has 2 bedrooms and a large games/family room area with a bar and provides walk-out access to the private backyard that backs onto a walking path. The first thing you notice pulling up to the house is a large double-front attached garage with lots of room for two cars & storage. This home's location is perfect, close to Crowfoot shopping center, transit routes, walking distance to a nature park, and a great off-leash dog area.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,343 sq. ft.
Main Level Finished Area:
1,343 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,347 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,404 sq. ft.
Lot Frontage:
42'5⅞"
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
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
1979 (Age: 45)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7711287
Heating:
Forced Air
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cedar
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
2
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Ranchlands
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
NA
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
12'6" × 12'1"
Main Floor
Bedroom
14'9" × 8'9"
Main Floor
Bedroom
10'8" × 9'
Main Floor
Living Room
20'2" × 15'8"
Main Floor
Dining Room
11'7" × 9'3"
Main Floor
Kitchen
11'1" × 10'5"
Main Floor
Breakfast Nook
11'7" × 6'5"
Basement
Bedroom
13'2" × 10'1"
Basement
Family Room
26'4" × 16'7"
Basement
Kitchenette
13'2" × 6'6"
Basement
Bedroom
13'2" × 10'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
6'5" x 8'
Main Floor
No
3
4'8" x 7'7"
Basement
No
3
9'5" x 5'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Granite Counters
Exterior Features:
Garden
Patio And Porch Features:
Deck
Lot Features:
Gazebo, Landscaped, Many Trees, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-C1
Listed Date:
Jul 23, 2024
Days on Mkt:
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Listed by KIC Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$564,548
Min list price:
$299,900
Max list price:
$899,900
Avg days on market:
26
Min days on market:
1
Max days on market:
62
Avg price per sq.ft.:
$442.14
These statistics are generated based on the current listing's property type and located in Ranchlands. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706