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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

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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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88 Nolancrest Green NW
Nolan Hill Calgary T3R 0V9

$859,900
Residential beds: 5 baths: 4.0 2,090 sq. ft. built: 2015

Main Photo: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 1: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 2: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 3: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 4: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 5: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 6: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 7: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Photo 8: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
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Photo 43: 88 Nolancrest Green NW in Calgary: Nolan Hill Detached for sale : MLS®# A2165500
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165500
Bedrooms:
5
Bathrooms:
4
Year Built:
2015
Live up and rent down. Calling all first time buyers and investors. Welcome Home! Why pay rent when you can own. This lovely home is awaiting for the new owners. The moment you enter will definitely be impressed! Pride of ownership is visible in every corner. Welcome to this well kept home with 3+2 bedrooms, 3.5 washrooms in the heart of super popular Nolan Hill community. As you walk in, the front entry opens to a Flex Room that can be an office, den. The main floor features nine feet knockdown ceiling, ceramic tile, hallway, and half bathroom with maple hardwood floors throughout. The open concept living, dining room, and kitchen completes the main living area with stainless steel appliances, upgraded island and corner pantry. Enjoy BBQ and entertain your guests on the spacious balcony off the dining room. The laundry room is conveniently located in the main floor. Upstairs goes well with the flow and you'll definitely be impressed with the large bonus room plus vaulted ceilings and plenty of natural light! The good sized primary bedroom includes a 5 pcs ensuite & walk in closet. The other two bedrooms are generous sized. Walkout Basement is fully finished with two bedrooms Legal Suite, 9 feet ceiling, separate entrance and laundry - which can be a great mortgage helper. For your privacy, the backyard is fully fenced. Close to all amenities, shopping and all major road connections. The convenient location of Nolan Hill is one of the many things that make it a great choice for homebuyers who are interested in finding a welcoming community that is family oriented, peaceful, and convenient to everything you may need for your families daily life. A wonderful place to call home. Please call your favorite Realtor before its gone. You won't be disappointed.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
2,090 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,154 sq. ft.
Lot Frontage:
30'1½"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2015 (Age: 9)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1413244
Heating:
Forced Air
Basement:
Full, Suite, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Main Level, Multiple Locations
HOA Fee:
$105.00
Nolan Hill
Other
Dishwasher, Dryer, Electric Range, Garage Control(s), Range Hood, Refrigerator, Washer, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
4'10" × 4'3"
Main Floor
Mud Room
5'11" × 4'2"
Main Floor
Laundry
5'5" × 5'3"
Main Floor
Bonus Room
11'7" × 11'6"
Main Floor
Living Room
17' × 11'8"
Main Floor
Kitchen
12'3" × 8'8"
Main Floor
Pantry
3'7" × 3'7"
Main Floor
Dining Room
12'9" × 8'11"
Main Floor
Balcony
12' × 6'5"
2nd Floor
Bedroom - Primary
15'11" × 11'11"
2nd Floor
Walk-In Closet
8'1" × 5'4"
2nd Floor
Bedroom
12'3" × 8'8"
2nd Floor
Bedroom
12'3" × 8'8"
2nd Floor
Bonus Room
17'3" × 16'11"
Basement
Family Room
18'3" × 9'8"
Basement
Bedroom
11'4" × 9'11"
Basement
Nook
6'11" × 5'4"
Basement
Kitchen
9'10" × 8'11"
Basement
Bedroom
9'2" × 7'11"
Basement
Laundry
4'5" × 3'5"
Basement
Storage
8'10" × 6'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'9" x 5'4"
2nd Floor
Yes
5
11'4" x 8'7"
2nd Floor
No
4
7'7" x 8'1"
Basement
No
4
8'9" x 4'11"
Title to Land:
Fee Simple
Community Features:
Playground, Shopping Nearby, Street Lights
Interior Features:
Kitchen Island, No Animal Home, Separate Entrance
Exterior Features:
Barbecue, Private Entrance, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-1N
Listed Date:
Sep 12, 2024
Days on Mkt:
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Listed by Century 21 Argos Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$634,450
Min list price:
$479,900
Max list price:
$979,786
Avg days on market:
16
Min days on market:
1
Max days on market:
87
Avg price per sq.ft.:
$378.69
These statistics are generated based on the current listing's property type and located in Nolan Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706