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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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403 2400 Ravenswood View SE
Ravenswood Airdrie T4A 0V7

$489,500
Residential beds: 2 baths: 3.0 1,244 sq. ft. built: 2015

Exterior Front - single detached garage.
Photo 1: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 2: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 3: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 4: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 5: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 6: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 7: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 8: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 9: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 10: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 11: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 12: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 13: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 14: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 15: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 16: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 17: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 18: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 19: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 20: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 21: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 22: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 23: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 24: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 25: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 26: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 27: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 28: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 29: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 30: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 31: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 32: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 33: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 34: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 35: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Photo 36: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2167797
Bedrooms:
2
Bathrooms:
3
Year Built:
2015
Welcome to Zen of Ravenswood! This desirable neighborhood is conveniently close to shopping, schools, parks, walkways and easy access to Calgary for commuters. Beautifully maintained townhome displays pride of ownership and recent upgrades including fresh paint throughout home and garage, brand new top-end appliances (stove with convection/air fry oven, refrigerator, dishwasher, microwave/hoodfan, stacked deluxe one-piece washer/dryer). Functional open plan, meticulously maintained, tastefully decorated, and move-in ready. Attractive design with covered entrance and front drive oversize single attached garage with inside access. Large foyer with laminate flooring throughout main level. Stylish kitchen features breakfast bar, granite counters and plenty of cupboard and counter space. Adjoining spacious dining area with patio door to back deck and private fenced yard. Spacious and bright living room with built-in counter/shelf. Main floor 2-piece powder room. Upper level features 2 very spacious master bedrooms with large closets (one walk-in) and 4-piece ensuites. Convenient upper level laundry and linen closet. Basement is unspoiled and ready for your development plans. Enjoy the outdoors from private back deck and yard. Just move in and enjoy!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,243.8 sq. ft.
Main Level Finished Area:
615.3 sq. ft.
Upper Level Finished Area:
628.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$328.81
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Trash
HOA Fee Includes:
Lot Area:
1,969 sq. ft.
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:
South
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2015 (Age: 9)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1513389
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Ravenswood
Trash, Visitor Parking
Dishwasher, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
Coat hooks in front entrance
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Living Room
16'2" × 10'8"
Main Floor
Kitchen
12'6" × 9'1"
Main Floor
Dining Room
8'10" × 8'5"
Main Floor
Foyer
6'1" × 5'10"
2nd Floor
Bedroom - Primary
14'4" × 13'10"
2nd Floor
Bedroom
13' × 11'10"
2nd Floor
Laundry
3'2" × 2'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'7"
2nd Floor
Yes
4
4'11" x 7'11"
2nd Floor
Yes
4
4'11" x 8'1"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Ceiling Fan(s), Closet Organizers, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Quartz Counters, Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Front Yard, Landscaped, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Airdrie
Zoning:
R3
Listed Date:
Sep 22, 2024
Days on Mkt:
  • Photo 1: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Exterior Front - single detached garage.
  • Photo 2: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Covered front entrance.
  • Photo 3: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Front attached garage - total parking for two vehicles.
  • Photo 4: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Front view.
  • Photo 5: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Sunny back deck.
  • Photo 6: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Fenced yard.
  • Photo 7: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Spacious front foyer with large coat closet.
  • Photo 8: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Inside access to garage.
  • Photo 9: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Entrance closet and stairway to upper level.
  • Photo 10: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Main floor powder room.
  • Photo 11: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Spacious bright living room.
  • Photo 12: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Built-in counter in living room.
  • Photo 13: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Nice open plan, laminate flooring throughout main level.
  • Photo 14: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Patio door from dining area to back deck/yard.
  • Photo 15: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Kitchen island/breakfast bar.
  • Photo 16: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Plenty of open space for entertaining.
  • Photo 17: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Fantastic kitchen with brand new appliances.
  • Photo 18: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Plenty of cupbard and counter space.
  • Photo 19: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    New stove, refrigerator, dishwasher, microwave/hoodfan.
  • Photo 20: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Breakfast bar.
  • Photo 21: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Plenty of dining space with patio door to deck/yard.
  • Photo 22: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Upper laundry closet with new deluxe washer/dryer.
  • Photo 23: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Spacious bedroom with large closet and 4-piece ensuite.
  • Photo 24: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    One of two master bedrooms.
  • Photo 25: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    4-piece ensuite.
  • Photo 26: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Second master bedroom (currently used as den) with tons of natural light.
  • Photo 27: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Walk-in closet in second master bedroom.
  • Photo 28: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Ceiling fans in bedrooms.
  • Photo 29: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Second 4-piece ensuite.
  • Photo 30: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Fenced back yard.
  • Photo 31: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Private yard.
  • Photo 32: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Back view.
  • Photo 33: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Back complex view.
  • Photo 34: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Photo 34 of 36
  • Photo 35: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Photo 35 of 36
  • Photo 36: 403 2400 Ravenswood View SE: Airdrie Row/Townhouse for sale : MLS®# A2167797
    Front View.
Listed by Real Estate Professionals Inc.
Data was last updated November 14, 2024 at 05:30 AM (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:
254
Avg price per sq.ft.:
$360.94
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