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Dial 403.397.3706 for Diane Richardson

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)

Contact Diane Richardson Easily With These Simple Steps:

  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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NEXT Open House details
Nov 10, 2024 03:00 PM - 05:00 PM MST

11 Elveden Place SW
Springbank Hill Calgary T3H 3X8

$2,688,000
Residential beds: 5 baths: 9.0 5,695 sq. ft. built: 2013

Main Photo: 11 Elveden Place SW in Calgary: Springbank Hill Detached for sale : MLS®# A2154111
Photo 1: 11 Elveden Place SW in Calgary: Springbank Hill Detached for sale : MLS®# A2154111
Photo 2: 11 Elveden Place SW in Calgary: Springbank Hill Detached for sale : MLS®# A2154111
Photo 3: 11 Elveden Place SW in Calgary: Springbank Hill Detached for sale : MLS®# A2154111
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Photo 50: 11 Elveden Place SW in Calgary: Springbank Hill Detached for sale : MLS®# A2154111
Open House - Nov 10, 2024
03:00 PM - 05:00 PM MST
NOTES: Open House on Sunday, November 10, 2024 3:00PM - 5:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2154111
Bedrooms:
5
Bathrooms:
9
Year Built:
2013
Welcome to your dream family home in the prestigious Elveden Estates of Springbank Hill. This custom-designed masterpiece combines luxury with family-friendly features, showcasing exceptional quality and attention to detail. Nestled on a private cul-de-sac, this magnificent property offers just under 8,000 sq ft of total living space, featuring 5 bedrooms and 9 bathrooms. As you enter the grand, inviting foyer, you'll be greeted by a split-level design that leads to an open-concept main floor. The spacious living room seamlessly flows into a cozy office, which opens onto a private covered deck—perfect for quiet retreats or productive work-from-home days. Host family gatherings in the formal dining room, conveniently connected to a butler's pantry that leads to the chef-inspired kitchen. This culinary haven is equipped with a Sub-Zero fridge/freezer, a 6-burner Wolf cooktop with grill, and two Wolf built-in ovens. The kitchen overlooks a large entertaining area, kitchen nook, and patio, making it ideal for both everyday meals and special occasions. The upper level features wide plank hardwood flooring throughout and includes the luxurious primary suite along with three additional large bedrooms, each with its own ensuite. The primary suite is a true sanctuary, complete with a sitting area, a spa-like ensuite with a steam shower and heated floors, and direct access to the upstairs laundry room—designed for family convenience. Two staircases provide easy access to the upper level: one from the foyer and the other from the back entrance near the kitchen. The second staircase leads to a bonus room equipped with a full wet bar, including a Fisher & Paykel drawer dishwasher and a bar fridge—perfect for family movie nights and entertaining. The lower level is designed for ultimate family fun, featuring a spacious games area, another custom wet bar, an additional bedroom, and a bathroom—perfect for guests or older children. In-slab heating ensures comfort during cooler evenings, and the home theatre with a double-sided fireplace offers a cozy space for family movie nights. The oversized 3-car garage provides ample space for all your vehicles and recreational gear, with room for lifts if needed. This secluded location is close to excellent private and public schools, shopping, amenities, the Westside Recreation Centre, and numerous pathways and parks throughout the stunning estate community of Springbank Hill. This truly impressive home is a must-see for any family. Schedule your private showing today and experience the perfect blend of luxury and family-friendly living in Elveden Estates.
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:
5,694.8 sq. ft.
Main Level Finished Area:
2,461.47 sq. ft.
Upper Level Finished Area:
3,233.33 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
2,285.07 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
9,999 sq. ft.
Lot Frontage:
45'11"
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:
Southeast
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
11
Year built:
2013 (Age: 11)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
9.0 (Full:5, Half:4)
Plan:
0715416
Heating:
In Floor, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Composite Siding, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Wood
Cooling:
Central Air
Fireplaces:
3
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
3
Parking:
Triple Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Laundry Room, Upper Level
Springbank Hill
Bar Fridge, Built-In Freezer, Built-In Gas Range, Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Microwave, Oven-Built-In, Range Hood, Refrigerator, Washer
N/A
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
21'4" × 18'1"
Main Floor
Dining Room
15'5" × 13'7"
Main Floor
Living Room
20'10" × 14'11"
Main Floor
Office
21'11" × 11'10"
Main Floor
Foyer
11'11" × 10'4"
Main Floor
Breakfast Nook
11'7" × 5'7"
Main Floor
Mud Room
10'11" × 7'7"
Upper Level
Flex Space
12'7" × 11'9"
Upper Level
Laundry
14' × 5'8"
Upper Level
Bonus Room
20'9" × 17'11"
Upper Level
Loft
12'3" × 11'11"
Upper Level
Balcony
11'3" × 7'2"
Upper Level
Bedroom - Primary
17'3" × 14'11"
Upper Level
Bedroom
14'11" × 12'
Upper Level
Bedroom
15' × 12'1"
Upper Level
Bedroom
13'9" × 10'11"
Lower Level
Game Room
28'3" × 13'8"
Lower Level
Game Room
21'9" × 14'5"
Lower Level
Bedroom
16'3" × 15'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 7'2"
Upper Level
No
2
6' x 6'
Upper Level
Yes
3
6'9" x 10'4"
Upper Level
Yes
3
5'8" x 6'6"
Upper Level
Yes
4
4'11" x 9'2"
Upper Level
Yes
5
12' x 13'11"
Lower Level
No
2
5'3" x 5'5"
Lower Level
Yes
4
5'8" x 9'9"
Basement
No
2
6'6" x 6'7"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby
Interior Features:
Bar, Bookcases, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Wet Bar, Wired for Data, Wired for Sound
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s), Patio
Lot Features:
Cul-De-Sac, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone W
Zoning:
R-1
Listed Date:
Aug 08, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Century 21 Bamber Realty LTD.
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$749,000
Min list price:
$273,500
Max list price:
$3,488,000
Avg days on market:
46
Min days on market:
2
Max days on market:
242
Avg price per sq.ft.:
$518.89
These statistics are generated based on the current listing's property type and located in Springbank Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706