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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.

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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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73 Rocky Ridge Heath NW
Rocky Ridge Calgary T3G 4Z7

$675,000
Residential beds: 2 baths: 4.0 1,150 sq. ft. built: 2000

Main Photo: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 1: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 2: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 3: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 4: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 5: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 6: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 7: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 8: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 9: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 10: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 11: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 12: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 13: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 14: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 15: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 16: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 17: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 18: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 19: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 20: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 21: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 22: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 23: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 24: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 25: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 26: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 27: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 28: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 29: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 30: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 31: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Photo 32: 73 Rocky Ridge Heath NW in Calgary: Rocky Ridge Detached for sale : MLS®# A2165846
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165846
Bedrooms:
2
Bathrooms:
4
Year Built:
2000
Welcome to this lovely home in Rocky Ridge with 2 bedrooms both with ENSUITE bathrooms + DOUBLE ATTACHED garage + fully developed basement. Open concept layout and hardwood floor throughout the main & second level, and laminate flooring on the basement. Abundance of natural light with loads of windows and south facing living room, dining area, and backyard. Huge deck for tea party, BBQ dinner fest, and evening wines. Upstairs, there are two spacious bedrooms both with 4pc ensuite bathroom, plus another 4pc bathroom and humungous recreation room in fully finished basement. You will see some mark on the ceiling of the basement where the 3rd bedroom walls used to be. You can close this space to make 3rd bedroom again or don’t do anything if you like the current setting which could be utilized as home theater, home gym, or home office. This beautiful home is just across from Community Centre and it is also close to shops, pathway, parks, and major road! Act quick before it’s gone!
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:
1,150 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,477 sq. ft.
Lot Frontage:
35'7"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
5
Year built:
2000 (Age: 24)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9913406
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Laundry Room
HOA Fee:
$262.50
Rocky Ridge
None
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
9'11" × 9'11"
Main Floor
Dining Room
11'4" × 9'11"
Main Floor
Living Room
14'7" × 10'11"
Upper Level
Bedroom - Primary
12'9" × 11'11"
Upper Level
Bedroom
10'8" × 10'2"
Basement
Laundry
5'11" × 5'
Basement
Family Room
19'9" × 12'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
0' x 0'
Upper Level
No
4
0' x 0'
Basement
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Clubhouse, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
No Neighbours Behind, Rectangular Lot, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-C1N
Listed Date:
Sep 14, 2024
Days on Mkt:
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Listed by MaxWell Capital Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$677,450
Min list price:
$264,900
Max list price:
$2,249,750
Avg days on market:
38
Min days on market:
2
Max days on market:
153
Avg price per sq.ft.:
$432.63
These statistics are generated based on the current listing's property type and located in Rocky Ridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706