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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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105 Aspenmere Place
Westmere Chestermere T1X 0G3

$749,900
Residential beds: 4 baths: 4.0 2,281 sq. ft. built: 2009

Main Photo: 105 Aspenmere Place: Chestermere Detached for sale : MLS®# A2167647
Photo 1: 105 Aspenmere Place: Chestermere Detached for sale : MLS®# A2167647
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2167647
Bedrooms:
4
Bathrooms:
4
Year Built:
2009
Welcome to this stunning East-facing family home, nestled on a quiet cul-de-sac and backing onto a serene green space, with no neighbors behind you in the most sought after communities of Westmere in the Lake community of Chestermere. This beautiful house features over 3,200 square feet of living space, 4 bedrooms, 3.5 bathrooms, central air conditioning, a huge deck, an oversized double garage with built-in shelving for ample storage, fully developed basement and a lot more to explore. As you step inside, you're greeted by a spacious front entrance with soaring two-story ceilings, leading into the open-concept main floor. The large kitchen is ideal for both entertaining and everyday cooking, featuring a generous island with breakfast bar seating, stainless steel appliances, plenty of cabinet space, and a walk-through pantry. Adjacent to the kitchen is a roomy dining nook and a sizable living room, complete with a striking stone gas fireplace. This living area comes with a large number of windows to bring a lot of sunshine. Upstairs, you'll find three spacious bedrooms and a large bonus room. The primary suite is expansive, comfortably fitting a king-size bed, and includes a walk-in closet and a luxurious 4-piece ensuite with a jetted tub and walk-in shower. The professionally finished basement adds even more living space, with a large games room, media area, fourth bedroom, and a full bathroom with a tiled shower—perfect for entertaining or family movie nights. The west-facing backyard is perfect for enjoying the evening sun, with a huge deck, open view and private view with no neighbours behind. This beautiful home is just minutes away from all the amenities including restaurants, shopping, parks, and the lake! Don't miss this out as this is not going to last longer!
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:
2,281 sq. ft.
Main Level Finished Area:
1,027.79 sq. ft.
Upper Level Finished Area:
1,253.61 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
923.18 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,735 sq. ft.
Lot Frontage:
46'
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:
7
Year built:
2009 (Age: 15)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0716204
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
Westmere
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer, Window Coverings
n/a
None Known
Floor
Type
Size
Other
Main Floor
Living Room
19'2" × 14'2"
Main Floor
Kitchen
14'9" × 12'4"
Main Floor
Dining Room
14'9" × 10'4"
Main Floor
Laundry
0' × 0'
Upper Level
Bedroom - Primary
16'4" × 14'2"
Upper Level
Bedroom
12'3" × 11'9"
Upper Level
Bedroom
14'8" × 10'11"
Upper Level
Bonus Room
18'11" × 15'9"
Basement
Bedroom
13'8" × 8'1"
Basement
Game Room
31'10" × 18'8"
Basement
Storage
8'9" × 5'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
Yes
4
9'2" x 8'6"
Upper Level
No
4
8'8" x 5'
Basement
No
3
4'7" x 8'9"
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Granite Counters, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Vinyl Windows
Exterior Features:
None
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Yard, Backs on to Park/Green Space, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R-1
Listed Date:
Sep 20, 2024
Days on Mkt:
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Virtual Tour

3D Tour

Listed by PREP Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
214
Avg list price:
$657,000
Min list price:
$235,000
Max list price:
$3,150,000
Avg days on market:
39
Min days on market:
1
Max days on market:
228
Avg price per sq.ft.:
$359.1
These statistics are generated based on the current listing's property type and located in Chestermere. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706