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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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251 Douglas Woods Drive SE
Douglasdale/Glen Calgary T2Z 2E8

$698,800
Residential beds: 4 baths: 3.0 1,376 sq. ft. built: 1991

Main Photo: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 1: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 2: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 3: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 4: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 5: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 6: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 7: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 8: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 9: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 10: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 11: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 12: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 13: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 14: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 15: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 16: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 17: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 18: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 19: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 20: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 21: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 22: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 23: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 24: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 25: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 26: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 27: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 28: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 29: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 30: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 31: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 32: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 33: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 34: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Photo 35: 251 Douglas Woods Drive SE in Calgary: Douglasdale/Glen Detached for sale : MLS®# A2155931
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2155931
Bedrooms:
4
Bathrooms:
3
Year Built:
1991
This meticulously maintained bungalow is located in the highly sought-after community of Douglasdale and offers over 2,500 sq. ft. of developed living space. With four generously sized bedrooms and three full bathrooms, this home provides ample space for family living. The double-attached garage adds both convenience and security. Upon entering, you'll be welcomed by a spacious living room and a formal dining area, perfect for entertaining. The rustic kitchen, featuring updated stainless steel appliances, seamlessly blends modern convenience with classic charm. The kitchen nook opens to a south-facing backyard, making it an ideal spot for meal prep while keeping an eye on children playing outdoors. The main floor hosts three bedrooms, including a primary bedroom with a full ensuite bathroom, and an additional full bathroom, enhancing the home's functionality. The fully finished lower level offers even more living space with a vast, open family room, an extra bedroom/office, a full bathroom, and a custom-built bar complete with two bar fridges—a perfect setup for entertaining guests. Situated in a desirable golf community, this property is close to two schools and offers easy access to major shops and services at South Trail Crossing. Conveniently located near Deerfoot Trail, Anderson Road, and Stoney Trail, this home combines peaceful suburban living with excellent connectivity to the rest of the city. Book your showing today before it's gone.
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:
1,375.67 sq. ft.
Main Level Finished Area:
1,375.67 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,897 sq. ft.
Lot Frontage:
42'7¾"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1991 (Age: 33)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9011969
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Mixed, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
Douglasdale/Glen
Bar Fridge, Dishwasher, Electric Stove, Refrigerator, Washer/Dryer, Wine Refrigerator
Living room sectional
None Known
Floor
Type
Size
Other
Main Floor
Living Room
22'10" × 15'5"
Main Floor
Kitchen
11'9" × 9'6"
Main Floor
Breakfast Nook
11'9" × 9'7"
Main Floor
Foyer
10'2" × 9'
Main Floor
Bedroom - Primary
13'5" × 13'1"
Main Floor
Bedroom
12'7" × 9'8"
Main Floor
Bedroom
10'1" × 8'10"
Basement
Family Room
32' × 20'11"
Basement
Game Room
15'1" × 11'6"
Basement
Bedroom
21'10" × 12'11"
Basement
Furnace/Utility Room
13'4" × 12'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'9" x 8'2"
Main Floor
Yes
4
7'9" x 7'5"
Basement
No
3
9'7" x 7'3"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Laminate Counters, No Animal Home, No Smoking Home, Open Floorplan, Pantry, See Remarks, Vaulted Ceiling(s)
Exterior Features:
Lighting, Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard, Fruit Trees/Shrub(s), Street Lighting, See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-C1
Listed Date:
Aug 08, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$629,900
Min list price:
$363,900
Max list price:
$1,899,900
Avg days on market:
35
Min days on market:
1
Max days on market:
154
Avg price per sq.ft.:
$481.65
These statistics are generated based on the current listing's property type and located in Douglasdale/Glen. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706