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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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3 Sandringham Way NW
Sandstone Valley Calgary T3K 3V4

$688,500
Residential beds: 5 baths: 4.0 1,751 sq. ft. built: 1989

Main Photo: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 1: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 2: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 3: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 4: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 5: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 6: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 7: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 8: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 9: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 10: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
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Photo 12: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
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Photo 22: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 23: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 24: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
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Photo 33: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Photo 34: 3 Sandringham Way NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2164304
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2164304
Bedrooms:
5
Bathrooms:
4
Year Built:
1989
POLY-B has been removed. Welcome to 3 Sandringham Way NW, nestled in the quiet, highly sought-after neighborhood of Sandstone Valley. This move-in-ready, meticulously maintained two-story home features 5 bedrooms and offers over 2,400 square feet of beautifully designed living space. The house is situated on a spacious corner lot with mature trees. Upon entering, you are greeted by a bright and open living room with soaring ceilings and large windows fitted with brand-new zebra blinds. Gleaming cherry hardwood floors flow throughout the main level, adding warmth and elegance. Adjacent to the living room is a versatile bedroom that can double as a home office, and a semi-formal dining area perfect for entertaining. The open-concept kitchen is equipped with a new fridge, dishwasher, and microwave (2024), quartz countertops, pantry, and a breakfast bar. The cozy breakfast nook opens to a large outdoor living space, ideal for morning coffee or hosting gatherings. The family room is anchored by a gas fireplace and custom built-ins, offering a welcoming retreat. A two-piece bathroom and a laundry room with a new washing machine (2024) complete the main floor. Upstairs, you'll find three generously sized bedrooms, including the primary suite with a walk-in closet and a 3-piece ensuite featuring an upgraded shower and floor tiles. A second 4-piece bathroom serves the additional bedrooms. The fully finished basement expands the living space, featuring a rec room with built-in speakers, projector and a massive 4'x7' professionally installed projector screen—perfect for movie nights or watching sports. An additional spacious bedroom (17' x 16') with a walk-in closet offers ideal guest accommodations. The basement also includes a 2-piece bathroom and a utility room. Outside, enjoy your private, landscaped, fenced backyard with plenty of room for the entire family, including pets. The large deck is perfect for outdoor entertaining, and the apple trees add a charming touch to the space. Additional highlights include AC, a water softener, a new toilet in the upstairs main bathroom, new countertops and faucets in both upstairs bathrooms, a heated garage, newer windows on the main and second floors, and an upgraded rubber coating on the front walkway. A NEW ROOF will be installed. Located just a short distance from downtown, this home is within walking distance to Simons Valley School, Nose Hill Park, dog parks, and playgrounds. It’s also a quick commute to SAIT, U of C, the Alberta Children’s Hospital, Foothills Medical Centre, Tom Baker Cancer Centre, and the future Arthur Child Cancer Centre. Don’t miss out—schedule your showing today and make this beautiful house your dream home!
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:
1,751.3 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,564 sq. ft.
Lot Frontage:
55'9"
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:
Two
Total Rooms Above Grade:
8
Year built:
1989 (Age: 35)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:2, Half:2)
Plan:
8911438
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway, Garage Faces Front, Heated Garage, Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Bathroom, Main Level
Sandstone Valley
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Freezer, Garage Control(s), Refrigerator, Water Softener, Window Coverings
2 mirror in front living room, projector, projector screen, in ceiling speakers, Telus alarm components
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Entrance
7'8" × 3'8"
Main Floor
Bonus Room
14' × 10'3"
Main Floor
Dining Room
10'11" × 9'6"
Main Floor
Bedroom
10'2" × 9'3"
Main Floor
Kitchen
14'1" × 10'8"
Main Floor
Breakfast Nook
10'4" × 6'3"
Main Floor
Pantry
3'9" × 3'3"
Main Floor
Living Room
17'9" × 13'4"
Main Floor
Laundry
6'4" × 5'2"
2nd Floor
Bedroom
11'8" × 10'1"
2nd Floor
Bedroom
11'8" × 9'9"
2nd Floor
Bedroom - Primary
13'3" × 10'8"
2nd Floor
Walk-In Closet
6'7" × 3'5"
Lower Level
Family Room
23'5" × 13'5"
Lower Level
Bedroom
17'6" × 16'11"
Lower Level
Walk-In Closet
6'9" × 4'4"
Lower Level
Furnace/Utility Room
28'10" × 8'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'4" x 5'1"
2nd Floor
No
4
7'4" x 4'11"
2nd Floor
Yes
3
7'4" x 6'1"
Lower Level
No
2
5'11" x 6'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
Breakfast Bar, High Ceilings, Kitchen Island, Walk-In Closet(s), Wired for Sound
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Corner Lot, Lawn, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-C1
Listed Date:
Sep 12, 2024
Days on Mkt:
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Listed by Renzo Real Estate Inc.
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$549,900
Min list price:
$429,900
Max list price:
$799,900
Avg days on market:
49
Min days on market:
10
Max days on market:
105
Avg price per sq.ft.:
$378.88
These statistics are generated based on the current listing's property type and located in Sandstone Valley. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706