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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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259 Legacy Common SE
Legacy Calgary T2X 4H9

$450,000
Residential beds: 2 baths: 3.0 1,256 sq. ft. built: 2018

Main Photo: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 1: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 2: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 3: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 4: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 5: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 6: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 7: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 8: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 9: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 10: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 11: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 12: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 13: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 14: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 15: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 16: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 17: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 18: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 19: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 20: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 21: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 22: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Photo 23: 259 Legacy Common SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2165559
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165559
Bedrooms:
2
Bathrooms:
3
Year Built:
2018
**Stunning 3-Story Corner Townhouse in Legacy Community** Welcome to your dream home in the highly sought-after Legacy community! This exquisite 2-bedroom, 3-bathroom corner townhouse combines modern luxury with unparalleled convenience. With its bright, airy atmosphere and elegant upgrades, this home is a perfect blend of style and functionality. As you enter, you’ll be greeted by abundant natural light streaming through upgraded window coverings. The open-concept main floor features gleaming Luxury Vinyl Plank (LVP) flooring and a contemporary design. The gourmet kitchen is a chef’s delight, boasting sleek quartz countertops, high-end stainless steel appliances, including a gas stove with an upgraded hood range, and a built-in microwave. The spacious pantry offers ample storage for all your culinary needs. Step outside onto the west-facing porch, a serene spot to enjoy your morning coffee or evening sunsets. The east-facing balcony provides a tranquil space with unobstructed views down the lane, perfect for relaxing or entertaining guests. The front porch adds additional charm and a welcoming touch to this beautiful home. The second floor hosts a versatile living space ideal for both relaxation and entertainment. The third floor is dedicated to private retreats, featuring two generously sized bedrooms, each with its own ensuite bathroom. The master suite is a true haven with his and hers walk-in closets, providing plenty of storage and organization options. This townhouse also includes a tandem garage with convenient attached parking, and plenty of visitor parking is available. The community offers delightful amenities, including serene ponds, proximity to excellent schools, and nearby shopping options. With easy access to Stony Trail, commuting and exploring the area is a breeze. Experience the ultimate in modern living with 9' ceilings, upgraded finishes, and a prime location. Don’t miss out on the opportunity to make this exceptional corner unit your new home. Schedule a tour today and see for yourself the comfort and elegance that awaits!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,256 sq. ft.
Main Level Finished Area:
558 sq. ft.
Upper Level Finished Area:
6,479.87 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
95 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$261.73
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Parking, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Ground
Entry Level:
1
Levels:
Three Or More
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
2018 (Age: 6)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1811229
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Additional Parking, Alley Access, Asphalt, Double Garage Attached, Driveway, Guest, Off Street, On Street, Tandem
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
HOA Fee:
$35.00
Condo Fee Frequency:
Monthly
Z-name Not Listed
Legacy
Snow Removal, Visitor Parking
Dishwasher, Gas Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Window Coverings
none
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Foyer
10'2" × 3'4"
2nd Floor
Kitchen
16'6" × 9'
2nd Floor
Dining Room
10'6" × 9'2"
2nd Floor
Living Room
14'2" × 10'
2nd Floor
Bedroom - Primary
11'6" × 11'
2nd Floor
Bedroom
10'4" × 10'
3rd Floor
Laundry
3' × 3'
Floor
Ensuite
Pieces
Other
2nd Floor
Yes
4
7' x 7'8"
2nd Floor
No
2
5' x 5'2"
2nd Floor
No
4
7' x 7'8"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, High Ceilings, Open Floorplan, Pantry, Quartz Counters, See Remarks, Storage, Walk-In Closet(s)
Exterior Features:
Balcony, Barbecue, BBQ gas line, Other
Patio And Porch Features:
Balcony(s), Front Porch
Lot Features:
Back Lane, Creek/River/Stream/Pond, Front Yard, Low Maintenance Landscape, Landscaped, Street Lighting, Yard Lights, Paved, See Remarks
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-2
Listed Date:
Sep 13, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated September 20, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$605,859
Min list price:
$230,000
Max list price:
$1,150,000
Avg days on market:
30
Min days on market:
1
Max days on market:
232
Avg price per sq.ft.:
$416.52
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