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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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5112 Maryvale Drive NE
Marlborough Calgary T2A 2T4

$565,000
Residential beds: 5 baths: 2.0 1,031 sq. ft. built: 1968

Main Photo: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 1: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 2: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 3: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 4: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 5: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 6: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 7: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 8: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 9: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 10: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 11: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 12: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 13: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 14: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 15: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 16: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 17: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 18: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 19: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 20: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 21: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 22: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 23: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Photo 24: 5112 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2163302
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163302
Bedrooms:
5
Bathrooms:
2
Year Built:
1968
Welcome to this stunning 4-level split home, perfectly designed for families and investors alike! With 5 spacious bedrooms, high ceilings, and big windows, this property boasts a beautiful layout that's flooded with natural light. The recently renovated interior is move-in ready, and the private fenced yard provides a serene oasis for outdoor living. Cozy up by the wood-burning fireplace in the living area, perfect for chilly evenings. Plus, enjoy the convenience of being close to schools and shopping centres. Additional features include a detached double garage, perfect for parking and storage. Recent house improvements include: Flooring/paint - 1 year ago, Bathroom & Electrical - 2 years ago, Roof/Shingles - 4 years ago, New Furnace about 10 years ago. Don't miss out on this incredible opportunity to own a piece of paradise!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,030.57 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,092 sq. ft.
Lot Frontage:
54'6"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
4 Level Split
Total Rooms Above Grade:
5
Year built:
1968 (Age: 56)
Bedrooms:
5 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
3
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
5897JK
Heating:
Central
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Mixed
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate
Cooling:
Wall/Window Unit(s)
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Lower Level
Marlborough
Dishwasher, Electric Oven, Electric Stove, Range Hood, Refrigerator, Washer/Dryer
NA
None Known
Floor
Type
Size
Other
Main Floor
Living Room
18'1" × 12'10"
Main Floor
Dining Room
12'4" × 8'3"
Main Floor
Kitchen
12'2" × 9'6"
2nd Floor
Bedroom
13' × 8'4"
2nd Floor
Bedroom - Primary
12'11" × 11'
Lower Level
Bedroom
12'4" × 7'9"
Lower Level
Bedroom
12'3" × 8'5"
Basement
Bedroom
11'10" × 7'11"
Basement
Laundry
13' × 12'3"
Basement
Game Room
21'7" × 11'7"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
6'11" x 6'10"
Lower Level
No
4
7' x 5'10"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Ceiling Fan(s), High Ceilings
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Landscaped, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Sep 05, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$589,000
Min list price:
$329,900
Max list price:
$659,900
Avg days on market:
30
Min days on market:
1
Max days on market:
73
Avg price per sq.ft.:
$517.11
These statistics are generated based on the current listing's property type and located in Marlborough. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706