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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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119 Woodside Circle NW
Woodside Airdrie T4B 2J9

$575,000
Residential beds: 4 baths: 4.0 2,080 sq. ft. built: 2000

Main Photo: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 1: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 2: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 3: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 4: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 5: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 6: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 7: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 8: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 9: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 10: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
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Photo 41: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 42: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 43: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Photo 44: 119 Woodside Circle NW: Airdrie Detached for sale : MLS®# A2161978
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161978
Bedrooms:
4
Bathrooms:
4
Year Built:
2000
Amazing opportunity to own a large unique home in the heart of Woodside, one of Airdrie's top communities. Located on a peaceful street with fantastic neighbors on a no thru road with cul-de-sac and south facing back yard makes this location very tough to beat. Notable features are AC, all new carpet, new tile, new toilets, newer roof at 10 years old, irrigation system (currently off), sump pump and new washer and dishwasher. At almost 2100sqft with 4 beds, 3 full baths, and fully developed basement this home offers room for the large family or the space to grow into. At entry you're greeted by a large and inviting open layout featuring a generous sized living room, a well-appointed kitchen with peninsula island and trendy open shelving, butcher block countertops, ample storage and updated appliances. An additional family room with dining area that transitions to the private backyard, offering abundant space with no rear neighbors and room to build a large new deck to suit your needs. Upstairs three spacious bedrooms await, including a king-sized master suite complemented by a walk-in closet and a 4-piece ensuite. The additional bedrooms offer plenty of space for growing kids. Descend to the finished basement, where an absolutely huge entertainment space can be converted to suit your needs. With another full bath and a fourth bedroom(non-compliant) this space provided ample room for guests, hobbies, extended family or kids space. Convenience is key with an attached double garage ensuring hassle-free parking and a mudroom / laundry space nicely tucked away on the main floor. Walking distance of the Woodside Golf Course and its renowned restaurant, while a short drive grants access to a wealth of amenities. With easy access to Deerfoot Trail and Calgary, this residence epitomizes both comfort and convenience.
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:
2,080 sq. ft.
Main Level Finished Area:
1,036 sq. ft.
Upper Level Finished Area:
1,044 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
842 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,004 sq. ft.
Lot Frontage:
37'11½"
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:
Two
Total Rooms Above Grade:
8
Year built:
2000 (Age: 24)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9913139
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Family Room, Gas, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway, Front Drive
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Main Level
Woodside
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings, Central Air Conditioner
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
20' × 10'11"
Main Floor
Family Room
14'7" × 14'1"
Main Floor
Kitchen
12' × 9'4"
Main Floor
Dining Room
12'5" × 11'1"
Main Floor
Laundry
9'3" × 5'1"
Upper Level
Bonus Room
15'7" × 11'
Upper Level
Bedroom - Primary
15'7" × 10'11"
Upper Level
Bedroom
13'1" × 10'11"
Upper Level
Bedroom
10'11" × 10'
Lower Level
Bedroom
13'6" × 11'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 5'5"
Upper Level
Yes
4
8'7" x 11'11"
Upper Level
No
4
7'6" x 7'8"
Lower Level
No
3
4'11" x 11'5"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Ceiling Fan(s), Central Vacuum, Pantry, Storage
Exterior Features:
Dog Run, Playground, Private Yard
Patio And Porch Features:
Front Porch
Lot Features:
Back Lane, City Lot, Dog Run Fenced In, Front Yard, Interior Lot, Level
Num. of Parcels:
0
Fencing:
Fenced
Region:
Airdrie
Zoning:
R1
Listed Date:
Sep 05, 2024
Days on Mkt:
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Listed by RE/MAX First
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
377
Avg list price:
$599,900
Min list price:
$200,000
Max list price:
$1,749,900
Avg days on market:
37
Min days on market:
1
Max days on market:
255
Avg price per sq.ft.:
$361.6
These statistics are generated based on the current listing's property type and located in Airdrie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706