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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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51 Sandstone Rise NW
Sandstone Valley Calgary T3K 2W6

$575,900
Residential beds: 3 baths: 2.0 1,520 sq. ft. built: 1986

Main Photo: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 1: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 2: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 3: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 4: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 5: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 6: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 7: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 8: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 9: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 10: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
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Photo 12: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 13: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
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Photo 20: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 21: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 22: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 23: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 24: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 25: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 26: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 27: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 28: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 29: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 30: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Photo 31: 51 Sandstone Rise NW in Calgary: Sandstone Valley Detached for sale : MLS®# A2169247
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169247
Bedrooms:
3
Bathrooms:
2
Year Built:
1986
~~~UNIQUE DESIGN WITH OVERSIZED GARAGE - ENDLESS POSSIBILITIES~~~ | 3 BEDROOMS | 2 FULL BATHS | WALKOUT 3RD LEVEL | DOUBLE OVERSIZED GARAGE 22X24 | FINISHED BASEMENT | SPACIOUS LOT | 1,520 SQFT ABOVE GRADE | Welcome to this incredible 4 level split home in Sandstone Valley. ===MAIN FLOOR=== As you enter the open entrance showcases the vaulted ceilings and an abundance of natural light from many windows. The open floor plan leads to a bright living room, dining area, and a kitchen with a breakfast nook. The kitchen is spacious and perfect for casual meals, while the layout is ideal for family gatherings and entertaining. The new luxury vinyl plank flooring adds a touch of elegance. ^^^UPSTAIRS^^^ You will find an open loft area, providing additional space for a home office or reading nook. There are also two generous bedrooms and two full baths, with the primary bedroom featuring a bright, airy feel. -_-LOWER LEVEL -_- The walkout lower level is fully above grade and features a family room with a wood-burning fireplace, perfect for cozy evenings. This space opens to a sunny east-facing deck, offering great outdoor access. There is also a third bedroom and a three-piece bath. ___BASEMENT___ The finished basement offers a large rec room finished with new luxury vinyl plank flooring, a wet bar, the perfect space for entertaining. It also features a laundry area and a massive crawl space for added storage.---THE OUTSIDE--- The lot extends 32 meters deep, providing ample backyard space, perfect for gardening, entertaining, or just enjoying the outdoors. The double oversized garage offers plenty of room for vehicles and storage. [[[THE COMMUNITY]]] Located in Sandstone Valley, a community known for its great K to 9 schools, shopping, and amenities, and close to major roadways and YYC Airport. This amazing family home won’t last long—book your showing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,520 sq. ft.
Main Level Finished Area:
551 sq. ft.
Upper Level Finished Area:
522 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
589 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,273 sq. ft.
Lot Frontage:
39'1"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
4 Level Split
Total Rooms Above Grade:
6
Year built:
1986 (Age: 38)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8410968
Heating:
Forced Air
Basement:
Finished, Partial
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Oversized
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Sandstone Valley
Dishwasher, Electric Stove, Garage Control(s), Range Hood, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'3" × 11'9"
Main Floor
Dining Room
16'4" × 8'5"
Main Floor
Breakfast Nook
8'7" × 7'6"
Main Floor
Kitchen
10'9" × 10'7"
2nd Floor
Bedroom
10'1" × 9'9"
2nd Floor
Bedroom - Primary
13'1" × 10'4"
2nd Floor
Loft
14'5" × 8'5"
Lower Level
Family Room
16'7" × 14'5"
Lower Level
Bedroom
10'5" × 10'4"
Basement
Game Room
23'10" × 20'7"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
0' x 0'
Lower Level
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
See Remarks, Vaulted Ceiling(s)
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-C2
Listed Date:
Sep 27, 2024
Days on Mkt:
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Virtual Tour

Listed by 2% Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$549,900
Min list price:
$429,900
Max list price:
$799,900
Avg days on market:
49
Min days on market:
10
Max days on market:
105
Avg price per sq.ft.:
$378.88
These statistics are generated based on the current listing's property type and located in Sandstone Valley. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706