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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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409 Legacy Boulevard
Legacy Calgary T3X 3Z3

$535,000
Residential beds: 3 baths: 3.0 1,598 sq. ft. built: 2017

Main Photo: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
Photo 1: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
Photo 2: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
Photo 3: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
Photo 4: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
Photo 5: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
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Photo 33: 409 Legacy Boulevard in Calgary: Legacy Row/Townhouse for sale : MLS®# A2162864
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162864
Bedrooms:
3
Bathrooms:
3
Year Built:
2017
Located in the desirable community of Legacy. Welcome to 409 Legacy Blvd SE! This townhome was built by the award winning builder Aldebaran Homes! This townhome has lots to offer, Super spacious open floor plan provides lots of natural light. Perfect home for entertaining with a built in gas line for barbecuing 2 balconies it doesn't get much better than this! Beautiful stainless steel appliances with quartz counter tops, large island and lots of storage space. Upstairs features a Large master bed room with a huge size walk in closet and 3 piece ensuite bathroom. 2 additional bedrooms with nice size closet space. The double garage is insulated and has lots of room for storage. This townhouse is located close to all amenities nearby, including shopping, schools, pathways, transit. Enjoy a low-maintenance lifestyle and low condo fees. Don't miss out on this Next to new townhouse, it won't last! book your showings today!
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:
1,597.79 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$370.81
Condo Fee Includes:
Insurance, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Frequency:
Monthly
HOA Fee Includes:
Lot Area:
1,227 sq. ft.
Lot Frontage:
20'2½"
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:
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2017 (Age: 7)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1611559;15
Heating:
High Efficiency
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Concrete, Vinyl Siding
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Laundry Room
Condo Fee Frequency:
Monthly
Z-name Not Listed
Legacy
Trash
Dishwasher, Electric Oven, Electric Stove, Microwave, Refrigerator, Washer/Dryer
N/A
None Known
Yes
Floor
Type
Size
Other
2nd Floor
Dining Room
12'7" × 9'4"
2nd Floor
Living Room
19'6" × 13'9"
2nd Floor
Kitchen
15'8" × 12'2"
3rd Floor
Bedroom
9'5" × 8'10"
3rd Floor
Bedroom
12'9" × 9'10"
3rd Floor
Bedroom - Primary
15'8" × 15'2"
3rd Floor
Walk-In Closet
9'2" × 7'3"
Lower Level
Den
10'11" × 8'7"
Lower Level
Furnace/Utility Room
8'7" × 4'4"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
5'3" x 6'4"
3rd Floor
Yes
4
8'4" x 4'11"
3rd Floor
No
4
8'4" x 4'10"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Kitchen Island
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Patio
Lot Features:
Few Trees, Front Yard
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-1
Listed Date:
Sep 10, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$639,000
Min list price:
$220,000
Max list price:
$1,399,000
Avg days on market:
35
Min days on market:
1
Max days on market:
230
Avg price per sq.ft.:
$404.29
These statistics are generated based on the current listing's property type and located in Legacy. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706