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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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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
Sep 21, 2024 01:30 PM - 03:30 PM MDT

72 Copperstone Common SE
Copperfield Calgary T2Z 5E4

$499,900
Residential beds: 2 baths: 3.0 1,567 sq. ft. built: 2015

Main Photo: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 1: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 2: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 3: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 4: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 5: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 6: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 7: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 8: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 9: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 10: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 11: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 12: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
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Photo 17: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
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Photo 22: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 23: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Photo 24: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
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Photo 35: 72 Copperstone Common SE in Calgary: Copperfield Row/Townhouse for sale : MLS®# A2161864
Open House - Sep 21, 2024
01:30 PM - 03:30 PM MDT
NOTES: Open House on Saturday, September 21, 2024 1:30PM - 3:30PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161864
Bedrooms:
2
Bathrooms:
3
Year Built:
2015
[OPEN HOUSE: Sept 21 SAT, 1:30pm-3:30pm] Adorable and Affordable, End unit, Lifestyle townhouse in Copperfield is looking for a new owner! Attached garage + Driveway, 2 bed, 2.5 bath, den, huge living room, fully upgraded kitchen, private deck with open view, lower level with walk-out entry and concrete patio! Plus no one behind your home! Open concept, 9ft ceiling, and efficient floor plan to maximize its spacious look! Large windows to capture the abundance of natural lights in every corner of the home! The quality built by Hopewell with decent materials and bunch of upgrades to satisfy your taste! Modern laminate floor throughout the main level, beautiful timeless white cabinetry provides ample space to store all your favorite dishes, gorgeous granite countertop, honeycomb backsplash tiles, stainless steel appliance package with gas stove, and big island with breakfast nook! Den with a window makes perfect home office or kid’s play area! Enjoy reading or cup of tea or alfresco lunch or dinner festivitiy with BBQ gas hook up on your deck! Upstairs, the primary bedroom has two side windows and east facing view to showcase incredible sunrise, huge walk-in closet with wire shelves and ensuite 4pc bathroom! The other bedroom has identical size and layout, two side windows and huge walk-in closet. There is another 4pc bathroom and the laundry room is conveniently located in this level. The foyer on the ground level has gorgeous tile floor with an additional heater, and there is massive flex space with bathroom rough-in and sliding door to the outside! You can utilize this area for family recreation room, home gym, or extra bedroom! Perfect home for young professionals, growing family, and golden age! Across from play ground, parks and close to schools, strip malls & major roads! Great value! Great price! Call now!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,567.1 sq. ft.
Main Level Finished Area:
601.83 sq. ft.
Upper Level Finished Area:
601.83 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$283.23
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal
HOA Fee Includes:
Lot Area:
1,356 sq. ft.
Lot Frontage:
21'
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:
West
Reg. Size:
Reg. Size Includes:
Entry Level:
3
Levels:
Three Or More
End Unit:
End Unit
Total Rooms Above Grade:
6
Year built:
2015 (Age: 9)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1610944
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Partial, Partially Finished, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Copperfield Chalet
Copperfield
None
Dishwasher, Dryer, Garage Control(s), Gas Stove, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
N/A
Board Approval
Yes
Floor
Type
Size
Other
Main Floor
Kitchen
11'11" × 7'11"
Main Floor
Dining Room
10'5" × 9'11"
Main Floor
Living Room
12'6" × 12'4"
Main Floor
Den
6'2" × 4'6"
Upper Level
Laundry
4'6" × 3'6"
Upper Level
Bedroom - Primary
11'9" × 11'1"
Upper Level
Bedroom
11'9" × 11'1"
Lower Level
Furnace/Utility Room
17'3" × 13'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
0' x 0'
Upper Level
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Breakfast Bar, Granite Counters, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Recessed Lighting, Separate Entrance, Vinyl Windows
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck, Patio
Lot Features:
Corner Lot, Low Maintenance Landscape, No Neighbours Behind, Landscaped, Treed, Views
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1 d100
Listed Date:
Aug 31, 2024
Days on Mkt:
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Virtual Tour

3D Tour

Virtual Tour

Listed by MaxWell Capital Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$482,450
Min list price:
$239,900
Max list price:
$959,000
Avg days on market:
21
Min days on market:
1
Max days on market:
56
Avg price per sq.ft.:
$383.05
These statistics are generated based on the current listing's property type and located in Copperfield. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706