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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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179 Mountain Park Drive SE
McKenzie Lake Calgary T2Z 2J9

$822,000
Residential beds: 4 baths: 4.0 2,026 sq. ft. built: 1993

179 Mountain Park Drive SE
Photo 1: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 2: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 3: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 4: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 5: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 6: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 7: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 8: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 9: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 10: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 11: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 12: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 13: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 14: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 15: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 16: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 17: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 18: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 19: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 20: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 21: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 22: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 23: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 24: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 25: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 26: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 27: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 28: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 29: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 30: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 31: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 32: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 33: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 34: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 35: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 36: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 37: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 38: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 39: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 40: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 41: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 42: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 43: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 44: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 45: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 46: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 47: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 48: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Photo 49: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166970
Bedrooms:
4
Bathrooms:
4
Year Built:
1993
Don’t miss out on this opportunity in the prestigious community of McKenzie Lake! Noteworthy upgrades include new TRIPLE PANE windows and HIGH END SECURITY FRONT door (2021/2022), a new garage door (2022), and a new DAIKIN HIGH EFFICIENCY furnace (2022), and dishwasher (2022) ensuring the home is move-in ready. This stunning home offers exclusive access to the lake for residents, where your active family can enjoy summer activities like swimming, kayaking, fishing, and paddle boarding at the private community lake. The community offers year-round entertainment with skating and ice fishing all winter as well. McKenzie Lake living offers the perfect blend of leisure and active engagement, ideal for those seeking a dynamic lifestyle. With top-rated schools, a golf course, convenient shopping, and easy access to major routes nearby, this location truly has it all. Plus, Fish Creek Park is just a stone’s throw away, making it a dream for nature lovers. Situated on a prime corner lot, this home features a spacious front-attached garage and an expansive backyard oasis with a deck, pergola, and mature trees—ideal for outdoor entertaining. Inside, the 2 storey entrance and front sitting room greet you, leading to a kitchen that has been freshly updated with painted cabinets, granite countertops, and a cozy living room with views of the lush backyard. Upstairs, you'll find FOUR generous bedrooms, including a master retreat overlooking the backyard. The ensuite offers a serene escape with a soaker tub, separate shower, sink, and makeup vanity. The partially finished basement includes a large recreation room with additional electric heat, a stunning 3-piece bath completed in 2023, and plenty of storage space. Perfectly positioned within walking distance of schools, close to the golf course, and with easy access to shopping centers, major routes, and Fish Creek Park, this home offers the best of McKenzie Lake living. Don’t miss your chance to own a piece of this vibrant and active community!
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:
2,026 sq. ft.
Main Level Finished Area:
1,085 sq. ft.
Upper Level Finished Area:
941 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
700 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
6,200 sq. ft.
Lot Frontage:
53'8"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Levels:
Two
Total Rooms Above Grade:
8
Year built:
1993 (Age: 31)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9212250
Heating:
Central, High Efficiency, Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Mixed, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood, Linoleum
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
HOA Fee:
$265.00
McKenzie Lake
Beach Access, Other, Park, Picnic Area, Playground, Recreation Facilities
Central Air Conditioner, Dishwasher, Dryer, Electric Range, Garage Control(s), Gas Water Heater, Range Hood, Refrigerator, Washer
Window Coverings-blinds, Shelving in Pantry, Pergola on Back Deck, Planter Box in Front yard, Shed in yard.
Easement Registered On Title, Encroachment, Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
13' × 10'6"
Main Floor
Dining Room
12' × 8'
Main Floor
Kitchen
12' × 11'
Main Floor
Family Room
15'6" × 12'6"
Main Floor
Laundry
8' × 6'
Upper Level
Bedroom - Primary
13' × 12'6"
Upper Level
Bedroom
10' × 10'
Upper Level
Bedroom
11'4" × 10'
Upper Level
Bedroom
10'8" × 9'
Basement
Game Room
32' × 12'
Basement
Furnace/Utility Room
13'6" × 10'
Basement
Storage
12'6" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'
Upper Level
Yes
4
10' x 13'6"
Upper Level
No
4
5' x 8'
Basement
No
3
5' x 10'6"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Granite Counters, High Ceilings, Kitchen Island, Pantry, Storage, Vinyl Windows
Exterior Features:
Private Yard, Storage
Patio And Porch Features:
Deck, Pergola, Rear Porch
Lot Features:
Back Yard, Fruit Trees/Shrub(s), Lawn, Landscaped, Level, Many Trees, Private, Treed
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-C1
Listed Date:
Sep 19, 2024
Days on Mkt:
  • Photo 1: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    179 Mountain Park Drive SE
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  • Photo 3: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Floorplan
  • Photo 4: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Entry
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  • Photo 6: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Living Room
  • Photo 7: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Dining Area
  • Photo 8: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Family Room looking to back yard
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  • Photo 15: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    2 piece bath on main
  • Photo 16: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Laundry/Mud Room
  • Photo 17: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Master bedroom
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  • Photo 20: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    4 piece ensuite
  • Photo 21: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
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  • Photo 24: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Central stairway open to second floor
  • Photo 25: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Bedroom 2
  • Photo 26: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Bedroom 3
  • Photo 27: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
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  • Photo 28: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Bedroom 4
  • Photo 29: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Finished Rec room in basement with supplementary heat
  • Photo 30: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
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  • Photo 32: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    New 3 piece bath in basement
  • Photo 33: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
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  • Photo 34: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Oasis of a back yard
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  • Photo 37: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Private deck off kitchen and family room
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  • Photo 41: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Mature Cedars
  • Photo 42: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Corner lot
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  • Photo 46: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    Short walk on trails to local school
  • Photo 47: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    McKenzie Lake Rec facilities
  • Photo 48: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
    McKenzie Lake and beach
  • Photo 49: 179 Mountain Park Drive SE in Calgary: McKenzie Lake Detached for sale : MLS®# A2166970
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Listed by 2% Realty
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$815,000
Min list price:
$439,900
Max list price:
$1,095,000
Avg days on market:
22
Min days on market:
13
Max days on market:
70
Avg price per sq.ft.:
$412.39
These statistics are generated based on the current listing's property type and located in McKenzie Lake. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706