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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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102 999 Canyon Meadows Drive SW
Canyon Meadows Calgary T2W 2S6

$388,000
Residential beds: 3 baths: 2.0 1,076 sq. ft. built: 1976

Main Photo: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 1: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 2: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 3: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 4: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 5: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 6: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 7: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 8: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
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Photo 22: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 23: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 24: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 25: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 26: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
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Photo 28: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Photo 29: 102 999 Canyon Meadows Drive SW in Calgary: Canyon Meadows Row/Townhouse for sale : MLS®# A2162558
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162558
Bedrooms:
3
Bathrooms:
2
Year Built:
1976
Welcome to this lovely 3 bed/2 bath home in the sought after community of Canyon Meadows, and just steps from stunning Fish Creek Park! Upon entering the home, you'll appreciate the laminate flooring throughout the main floor. The spacious living room features a large window flooding the room with light and plenty of room for seating, great for gatherings with family & friends. The kitchen & dining nook feature plenty of counter space for the gourmet in the family and room for a good sized dining table. Extra closets in the hallway provide ample storage. Going out to the backyard, you'll find a large deck & newer vinyl fencing, great for relaxing on warm summer evenings. Upstairs, the large primary bedroom features large windows & a huge closet. The main 4pc bath has been fully updated. Two additional good sized bedrooms complete the upper level. In the fully finished basement, you'll find a 3 pc bath/laundry room and large recreation room, great for family movie nights. Just steps away is stunning Fish Creek Park, with miles of walking/biking paths to explore in every season. Close to parks, schools (Canyon Meadows School, Sam Livingston School, Dr. E.P. Scarlett High School), shopping, parks and easy access to MacLeod Trail, this gem can't be missed!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,075.8 sq. ft.
Main Level Finished Area:
513.3 sq. ft.
Upper Level Finished Area:
562.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
397.8 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$430.44
Condo Fee Includes:
Heat, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Includes:
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Below Grade
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
1976 (Age: 48)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9011119
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
The Meadows
Canyon Meadows
Parking, Trash, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
TV Mount
Board Approval, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Dining Room
9'9" × 7'
Main Floor
Kitchen
8'8" × 8'1"
Main Floor
Living Room
13'11" × 11'7"
Main Floor
Entrance
11'7" × 4'4"
2nd Floor
Bedroom - Primary
13'9" × 10'5"
2nd Floor
Bedroom
9'2" × 8'10"
2nd Floor
Bedroom
11' × 8'
Lower Level
Family Room
16'8" × 10'1"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
7'6" x 4'11"
Lower Level
No
3
8'2" x 9'4"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks, Track Lighting
Exterior Features:
Courtyard, Private Entrance
Patio And Porch Features:
Deck
Lot Features:
Few Trees, Low Maintenance Landscape, See Remarks
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C1 d100
Listed Date:
Sep 04, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated September 20, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$816,000
Min list price:
$249,000
Max list price:
$4,250,000
Avg days on market:
16
Min days on market:
1
Max days on market:
99
Avg price per sq.ft.:
$450.93
These statistics are generated based on the current listing's property type and located in Canyon Meadows. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706