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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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

  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.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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7 Kingsbury Close SE
Kings Heights Airdrie T4A 0S6

$849,000
Residential beds: 5 baths: 5.0 2,480 sq. ft. built: 2016

Main Photo: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Photo 1: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Photo 2: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Photo 3: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Photo 4: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Photo 5: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Photo 6: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
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Photo 48: 7 Kingsbury Close SE: Airdrie Detached for sale : MLS®# A2166302
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166302
Bedrooms:
5
Bathrooms:
5
Year Built:
2016
Discover 7 Kingsbury Close SE, a beautiful 5-bedroom, 5-bathroom home with a den, office, and an incredible 2,480 sq. ft. of living space. Located on a desirable corner lot in the family-friendly Kings Heights community, this home is designed for modern living. The basement includes 1 bedroom, 1 bathroom, and a spacious rec room,. With close proximity to schools, shopping, and quick highway access, this home combines convenience with opportunity. Listed at $879,000, this property won’t stay on the market long—schedule a viewing today and explore its endless possibilities!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
2,480.3 sq. ft.
Main Level Finished Area:
1,049.84 sq. ft.
Upper Level Finished Area:
1,430.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
871.01 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,606 sq. ft.
Lot Frontage:
8'9"
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:
10
Year built:
2016 (Age: 8)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
1512328
Heating:
Forced Air
Basement:
Finished, See Remarks
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete
Structure Type:
House
Roof:
Asphalt, Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Off Street
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Sink, Upper Level
HOA Fee:
$88.00
Kings Heights
Other
Bar Fridge, Dishwasher, Dryer, Freezer, Garage Control(s), Gas Oven, Microwave, Other, Refrigerator, Stove(s), Washer, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Den
12' × 10'
Main Floor
Dining Room
12'2" × 8'4"
Main Floor
Foyer
9'9" × 6'5"
Main Floor
Kitchen
16'9" × 14'8"
Main Floor
Living Room
17'2" × 12'11"
Main Floor
Spice Kitchen
8' × 5'7"
Upper Level
Bedroom
14'11" × 12'5"
Upper Level
Bedroom
10'9" × 9'11"
Upper Level
Bedroom
10'10" × 9'10"
Upper Level
Bonus Room
18'6" × 13'11"
Upper Level
Laundry
6'2" × 5'3"
Upper Level
Bedroom - Primary
16'4" × 14'1"
Upper Level
Walk-In Closet
11'2" × 6'6"
Upper Level
Walk-In Closet
6'8" × 6'7"
Lower Level
Bedroom
10'5" × 10'2"
Lower Level
Office
10'1" × 9'
Lower Level
Game Room
27'7" × 14'10"
Lower Level
Other
10'9" × 10'5"
Lower Level
Other
8'2" × 3'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'
Upper Level
No
4
5'11" x 9'9"
Upper Level
Yes
4
7'11" x 5'3"
Upper Level
Yes
5
12'10" x 10'8"
Lower Level
No
3
4'11" x 10'5"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Ceiling Fan(s), Chandelier, Closet Organizers, Kitchen Island, Laminate Counters, No Animal Home, No Smoking Home, Pantry, See Remarks, Walk-In Closet(s), Wet Bar
Exterior Features:
Balcony, Barbecue, Garden, Other, Private Yard
Patio And Porch Features:
Deck, Other, Patio, Rear Porch
Lot Features:
Cleared, Corner Lot, Few Trees, Gazebo, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Airdrie
Zoning:
R1-U
Listed Date:
Sep 16, 2024
Days on Mkt:
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Virtual Tour

Listed by Town Residential
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
377
Avg list price:
$599,900
Min list price:
$200,000
Max list price:
$1,749,900
Avg days on market:
37
Min days on market:
1
Max days on market:
255
Avg price per sq.ft.:
$361.6
These statistics are generated based on the current listing's property type and located in Airdrie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706