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

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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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19 Appletree Close SE
Applewood Park Calgary T2A 7J1

$465,000
Residential beds: 5 baths: 3.0 1,117 sq. ft. built: 1989

Main Photo: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 1: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 2: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 3: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 4: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 5: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 6: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
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Photo 41: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Photo 42: 19 Appletree Close SE in Calgary: Applewood Park Detached for sale : MLS®# A2156015
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156015
Bedrooms:
5
Bathrooms:
3
Year Built:
1989
Welcome to this well maintained two storey home located in the vibrant sought out community of Applewood Park! This home has a total of 5 bedrooms with 2.5 bathrooms and is on a large lot for maybe a future double detached garage or other future projects! Conveniently located to all amenities including shopping centres, schools, playgrounds, Stoney trail, 17th Avenue and 16th Avenue. This home is a must see! Book your viewing today!
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:
1,117.48 sq. ft.
Main Level Finished Area:
559.18 sq. ft.
Upper Level Finished Area:
558.3 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
507.42 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,004 sq. ft.
Lot Frontage:
12'2"
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:
Unit Exposure:
North
Levels:
Two
Total Rooms Above Grade:
6
Year built:
1989 (Age: 35)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
8110870
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Applewood Park
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
12'4" × 8'1"
Main Floor
Kitchen
12'3" × 11'7"
Main Floor
Living Room
13'2" × 12'1"
Upper Level
Bedroom
9'1" × 8'11"
Upper Level
Bedroom
9'1" × 8'11"
Upper Level
Bedroom - Primary
14'6" × 13'10"
Basement
Bedroom
12'4" × 8'3"
Basement
Bedroom
11'1" × 7'10"
Basement
Laundry
7'11" × 6'6"
Basement
Furnace/Utility Room
9'9" × 8'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
8'2" x 3'7"
Upper Level
No
4
5'1" x 7'7"
Basement
No
3
4'11" x 8'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Laminate Counters, No Animal Home, No Smoking Home
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone E
Zoning:
R-C1
Listed Date:
Aug 08, 2024
Days on Mkt:
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Listed by PREP Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
5,132
Avg list price:
$599,900
Min list price:
$134,900
Max list price:
$10,000,000
Avg days on market:
24
Min days on market:
0
Max days on market:
618
Avg price per sq.ft.:
$441.56
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706