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:
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.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
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!
This 3157.83 Sq Ft Developed BUNGALOW has 5 Bedrooms, 2 ½ Bathrooms (incl/SHOP), 7 SHEDS, 2 CABINS, a Cube STORAGE (13’11” X 7’10” Exterior Dimensions), a MASSIVE 59’0” X 23’1” SHOP w/OVERHEAD Doors, 2 PARKING PADS (37’4” X 27’4”, + a 49’3” X 17’3”), + a PLAYHOUSE, all on .43 of an ACRE!!! Walking up to the INVITING Porch, you will see the UNIQUE DETAILS of CREATIVITY, + STYLE incl/French Doors. Inside the SPACIOUS Foyer are CHEERY colors throughout, + HARDWOOD Flooring. The HUGE Living Room has a COZY Wood-burning Fireplace for those chilly nights, + it’s GREAT for when GUESTS come over. The Dining Room is up a stair that can EASILY accommodate a LARGE table for meals, + LAUGHTER w/FAMILY, + FRIENDS as you make MEMORIES together. The Updated 2018 SLEEK Kitchen has an ARCHITECTURAL cut-out for a wall allowing in NATURAL Light, Floor-to-Ceiling Modern Espresso Cabinetry, GRANITE Countertops, Tiled Backsplash, + Black Appliances. Step into a HAVEN of the STUNNING Sunroom, designed to be a true RETREAT from the everyday. Featuring EXQUISITE hardwood throughout, this space boasts a 10’3” VAULTED Ceiling, 2 Sky Lights, Walls, + Floor all adorned in Rich, Natural Wood, creating a seamless atmosphere. A Corner Wood-Burning Stove adds CHARM, + WARMTH to this space. There are 2 doors leading to the Patio, Deck, + BBQ Patio. Down the hallway are the Laundry Room behind GORGEOUS STAINED GLASS Doors, the 2nd, + 3rd GOOD-SIZED Bedrooms, + the Primary Bedroom. There is a PRIVATE Deck off it for RELAXING over a Morning Coffee as you plan your day. The WALK-IN Closet, + a Tiled 4 pc EN-SUITE Bathroom has a Jetted Tub for soaking in after a long day, + a Standing Glass Shower. In the Basement is the Family Room w/Rich Natural Wood, + STONE accent walls giving it a place where LOVED ONES could have GAME, + MOVIE nights. The 4 pc Bathroom has a Soaker Tub, + a Standing Glass Shower. The 4th, + 5th Bedrooms have WALK-IN Closets for more STORAGE, + the Utility Room w/Sink, (OVERSIZED H2O 2019, Kinetico Filter System, Drinking Water System, 3 GPM Well {1991}, + Septic), a Flex Area, a Sauna, + a STORAGE Room completes the Full Basement. The roof was replaced in 2020, + a New Addition was added to the house in 2008. The Backyard has a Playhouse, a Fire Pit area for gazing up at a starry night, a Pond, + Metal Gazebo w/Fire Pit, 2 Cabins incl/Cabin Patio, + more!!! The Infrared Heat in SHOP (incl/2 Compressors/Working Benches/Shelving, + Refrigerator) has a 2 pc Bathroom, STORAGE, + there are 2 PARKING PADS. This HOME is PERFECT for the HOME-BASED BUSINESS (just a few steps away) allowing FLEXIBILITY, + CREATIVITY!!! EASY ACCESS to Stoney Trail, + Glenmore Trail. Approximately 7 min from South Trail Crossing (Shops of 130th), + less than 10 minutes to Deerfoot Trail. Book a showing TODAY!!!
Decorative, Living Room, Mantle, Raised Hearth, Stone, Sun Room, Wood Burning, Wood Burning Stove
Water Supply:
Drinking Water, Well
Sewer:
Septic Tank
Utilities:
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Garage:
1
Garage Spaces:
8
Parking:
Additional Parking, Driveway, Heated Garage, Insulated, Oversized, Parking Pad, Quad or More Detached, RV Access/Parking, RV Garage, Workshop in Garage
Parking Places:
15.0
Parking Total/Covered:
15 /
-
Laundry Features:
Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
South Foothills (Calgary)
Bar Fridge, Dishwasher, Dryer, Electric Stove, Freezer, Garburator, Microwave Hood Fan, Refrigerator, Trash Compactor, Washer
2 Ceiling Fans, Fire Pit, Gazebo with Fire Pit, Instant H2O Hot Water, 2 Freezers in the Basement, Log Cabin, Play House, Refrigerator X 2 (1 in Kitchen, 1 in Shop) R/O System, Roll Down Blinds, 7 Sheds, Sauna, Tractor to cut lawn, TV in the Basement
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
19'5"5.92 m × 14'7"4.44 m
Main Floor
Kitchen
14'3"4.34 m × 9'10"3.00 m
Main Floor
Dining Room
14'8"4.47 m × 9'1"2.77 m
Main Floor
Sunroom/Solarium
22'9"6.93 m × 14'9"4.50 m
Main Floor
Bedroom - Primary
13'4"4.06 m × 12'5"3.78 m
Main Floor
Walk-In Closet
7'2.13 m × 3'8"1.12 m
Main Floor
Other
15'4"4.67 m × 9'10"3.00 m
Main Floor
Bedroom
11'3"3.43 m × 9'2"2.79 m
Main Floor
Bedroom
9'2"2.79 m × 8'7"2.62 m
Main Floor
Foyer
10'2"3.10 m × 4'3"1.30 m
Main Floor
Laundry
6'3"1.91 m × 3'.91 m
Main Floor
Other
16'3"4.95 m × 7'10"2.39 m
Main Floor
Other
9'8"2.95 m × 7'10"2.39 m
Main Floor
Other
31'10"9.70 m × 15'11"4.85 m
Main Floor
Other
13'7"4.14 m × 13'7"4.14 m
Main Floor
Play Room
19'10"6.05 m × 11'4"3.45 m
Main Floor
Storage
22'5"6.83 m × 9'6"2.90 m
Basement
Family Room
18'8"5.69 m × 13'11"4.24 m
Basement
Bedroom
11'9"3.58 m × 11'7"3.53 m
Basement
Walk-In Closet
7'5"2.26 m × 3'7"1.09 m
Basement
Bedroom
17'8"5.38 m × 11'9"3.58 m
Basement
Walk-In Closet
6'5"1.96 m × 4'4"1.32 m
Basement
Flex Space
13'3"4.04 m × 7'3"2.21 m
Basement
Sauna
4'1.22 m × 3'8"1.12 m
Basement
Storage
13'4"4.06 m × 7'2"2.18 m
Basement
Furnace/Utility Room
12'7"3.84 m × 7'5"2.26 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7'5" x 11'
Main Floor
No
2
4'3" x 5'1"
Basement
No
4
7'7" x 9'5"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Bookcases, Built-in Features, Ceiling Fan(s), Central Vacuum, Closet Organizers, French Door, Granite Counters, High Ceilings, Jetted Tub, Natural Woodwork, Recessed Lighting, Sauna, Separate Entrance, Skylight(s), Soaking Tub, Storage, Track Lighting, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior Features:
Fire Pit, Garden, Private Entrance, Private Yard, Rain Barrel/Cistern(s), Storage
Patio And Porch Features:
Deck, Front Porch, Patio, Pergola, Rear Porch, Side Porch
Lot Features:
Back Yard, City Lot, Fruit Trees/Shrub(s), Gazebo, Front Yard, Lawn, Landscaped, Private
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
4,830
Avg list price:
$588,352
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
475
Avg price per sq.ft.:
$435.02
These statistics are generated based on the current listing's property type
and located in
Calgary. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.