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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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209 Windermere Road SW
Wildwood Calgary T3C 3K9

$695,000
Residential beds: 4 baths: 2.0 1,081 sq. ft. built: 1959

Main Photo: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 1: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 2: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 3: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 4: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 5: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 6: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 7: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 8: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 9: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 10: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 11: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 12: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 13: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 14: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
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Photo 22: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 23: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 24: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 25: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
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Photo 32: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Photo 33: 209 Windermere Road SW in Calgary: Wildwood Detached for sale : MLS®# A2169272
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169272
Bedrooms:
4
Bathrooms:
2
Year Built:
1959
Discover this charming bungalow situated in the vibrant community of Wildwood, where comfort, convenience, and investment potential intersect beautifully. This inviting property is an ideal opportunity for both investors and those seeking a peaceful yet connected lifestyle, featuring three spacious bedrooms on the main level along with an additional private bedroom downstairs, allowing for flexible living arrangements that cater to growing families or rental prospects. The main floor includes a full bathroom, enhancing practicality for both residents and guests, while the living room boasts a centerpiece wood-burning fireplace that creates a warm, welcoming ambiance for cozy gatherings or relaxing evenings. With a generous heated double garage offering ample parking and storage options for vehicles and hobbies, this home is designed for convenience. Set on a 57’x100’ lot, the property provides plenty of outdoor space for recreation, gardening, or potential expansions. Enjoy the added benefit of being within walking distance of Edworthy Park, a serene retreat that offers nature trails, picnic areas, and various outdoor activities, enriching the community experience. The proximity to shopping, schools, and public transit further enhances the appeal of this sought-after location. A short four minute drive or seven minute bike-ride puts you at the steps of the 45th Street C-train station, quickly whisking you into downtown Calgary or beyond. Whether you are looking for a promising investment opportunity or a place to call home, this property's layout, location, and amenities make it a compelling choice for savvy investors and homeowners alike. Don't miss your chance to explore this versatile property in Wildwood—schedule a viewing today to uncover 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:
Bungalow
Total Living Area:
1,081.15 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,694 sq. ft.
Lot Frontage:
56'11⅞"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1959 (Age: 65)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
1248HM
Heating:
Central
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood, Slate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Wildwood
Dishwasher, Dryer, Electric Stove, Garage Control(s), Refrigerator, Washer, Window Coverings
Shed, Vac-u-flow system (sold as is),water softener system (sold as is)
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'5" × 7'10"
Main Floor
Bedroom
9'11" × 7'11"
Main Floor
Dining Room
11'9" × 8'
Main Floor
Kitchen
12'8" × 11'9"
Main Floor
Living Room
21'4" × 11'5"
Main Floor
Bedroom - Primary
19' × 11'5"
Basement
Flex Space
10'8" × 5'2"
Basement
Bedroom
11'9" × 11'2"
Basement
Game Room
23'4" × 10'8"
Basement
Furnace/Utility Room
20'10" × 10'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 8'2"
Basement
No
2
10'2" x 6'10"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Central Vacuum, Storage
Exterior Features:
Balcony, Fire Pit, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Fruit Trees/Shrub(s), Front Yard, Lawn, Street Lighting, Private, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone W
Zoning:
RC-G
Listed Date:
Sep 28, 2024
Days on Mkt:
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Virtual Tour

Listed by Century 21 Bravo Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
4,830
Avg list price:
$588,352
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
475
Avg price per sq.ft.:
$435.02
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706