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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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6051 18 Street SE
Ogden Calgary T2C 0M2

$559,900
Residential beds: 4 baths: 2.0 1,353 sq. ft. built: 1991

Main Photo: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 1: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 2: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 3: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 4: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 5: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 6: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 7: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 8: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 9: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 10: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 11: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 12: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 13: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 14: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 15: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 16: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 17: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 18: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 19: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 20: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 21: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 22: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 23: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 24: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 25: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 26: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 27: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Photo 28: 6051 18 Street SE in Calgary: Ogden Detached for sale : MLS®# A2163526
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163526
Bedrooms:
4
Bathrooms:
2
Year Built:
1991
This unique 4-level split home, located in the serene and family-friendly Millican Estates of Ogden, offers a fantastic blend of character, convenience, and potential for growth. Set on an expansive R-C2 zoned corner lot, the property provides both privacy and the opportunity for future multi-family development. Spanning 1,353.25 sq ft on the main level, this home features 3 bedrooms and two full baths. The third floor offers a charming loft area that can be utilized as a cozy reading nook, home office, or creative space, while the partially developed basement includes a large recreation room and a 4th bedroom. The home’s layout is enhanced by a wood-burning fireplace, beautiful laminate flooring throughout, on an East facing orientation allows ample natural light to flow in. The property's exterior is equally appealing, featuring a large, sun-filled yard ideal for gardening, outdoor activities, or relaxing with family and friends. Oversized double detached garage is accompanied by a spacious parking pad with room for an RV or trailer. Additionally, planned architectural drawings previously submitted for a duplex or a small carriage house are available in supplements, providing a fantastic opportunity for those looking to expand. Its location on a quiet street enhances the sense of peace and privacy, while being just a few steps from Lynnview Park and scenic walking paths along the Bow River provides plenty of opportunities for outdoor recreation. For those with an active lifestyle, the area includes numerous parks, off-leash dog parks, tennis and pickleball courts, and a nearby recreation center complete with an outdoor pool and ice rink. Conveniently located, this home is a short distance to both elementary and junior high schools, making it a perfect choice for families with children. The property is also just a short 15-minute drive to downtown Calgary, even during rush hour, ensuring an easy commute. If you don't want to drive, there is an abundant choice of public transit and future LRT station less than 10 mins walk away. It’s also close to the trendy Riverbend area and Deerfoot Meadows, as well as major routes like Deerfoot Trail and Glenmore Trail, offering quick access to various parts of the city. The nearby Oil Refinery Park connects to Calgary's extensive bike path network, perfect for cycling enthusiasts. Local amenities, such as FreshCo, Shoppers Drug Mart, and the Ogden Medical Clinic, cater to all your daily needs, further enhancing the convenience of this location. Ideal for young families, professionals, or investors, this home offers a unique chance to settle down in a vibrant, up-and-coming area that promises a combination of spacious interiors, a large lot, development potential, and a location rich in amenities and natural beauty, ready to welcome its new owners.
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:
1,353.25 sq. ft.
Main Level Finished Area:
393.44 sq. ft.
Upper Level Finished Area:
466.81 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,884 sq. ft.
Lot Frontage:
31'1¼"
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:
Levels:
4 Level Split
Total Rooms Above Grade:
5
Year built:
1991 (Age: 33)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
9012021
Heating:
Forced Air
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Oversized
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Ogden
Electric Stove, Garage Control(s), Range Hood, Refrigerator, Washer/Dryer, Window Coverings
Refrigerator in the basement
None Known
Floor
Type
Size
Other
Main Floor
Living Room
12' × 9'6"
Main Floor
Kitchen
10'6" × 9'
Main Floor
Dining Room
6'9" × 6'6"
Upper Level
Flex Space
5'4" × 3'11"
Upper Level
Bedroom - Primary
16' × 10'10"
Upper Level
Bedroom
9'3" × 8'8"
Lower Level
Family Room
16' × 10'9"
Lower Level
Bedroom
9'5" × 8'7"
Basement
Bedroom
12'1" × 11'8"
Basement
Game Room
16'4" × 6'9"
Basement
Laundry
10'9" × 8'5"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
8'8" x 5'
Lower Level
No
4
8'8" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
No Smoking Home
Exterior Features:
Other
Patio And Porch Features:
Front Porch, Patio
Lot Features:
Corner Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-C2
Listed Date:
Sep 06, 2024
Days on Mkt:
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Listed by Grand Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$544,450
Min list price:
$319,000
Max list price:
$899,900
Avg days on market:
18
Min days on market:
4
Max days on market:
140
Avg price per sq.ft.:
$461.44
These statistics are generated based on the current listing's property type and located in Ogden. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706