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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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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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61 Legacy Path SE
Legacy Calgary T2X 4H9

$440,000
Residential beds: 2 baths: 3.0 1,253 sq. ft. built: 2018

Main Photo: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 1: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 2: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 3: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 4: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 5: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 6: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 7: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 8: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 9: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 10: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
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Photo 12: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 13: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 14: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
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Photo 16: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 17: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 18: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
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Photo 21: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 22: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 23: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 24: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 25: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 26: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Photo 27: 61 Legacy Path SE in Calgary: Legacy Row/Townhouse for sale : MLS®# A2169825
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169825
Bedrooms:
2
Bathrooms:
3
Year Built:
2018
Welcome to 61 Legacy Path SE in the popular south Calgary community of Legacy! This well-designed two-bedroom, three-bathroom three level townhouse offers modern living and thoughtful upgrades throughout. The open-concept second floor is filled with natural light, and features upgraded Luxury Vinyl Plank (LVP) flooring with neutral paint colors, creating a luxurious, inviting space. The kitchen has quartz countertops, stainless steel appliances, an over-the-range microwave, an upgraded sink, and spacious kitchen cabinets. Just off the kitchen is a versatile living and dining area which provides entertaining and everyday relaxation space. To extend the living area, step out onto the south-facing balcony to enjoy your morning coffee or unwind in the evening with your favorite glass of wine! Upstairs, the two generously sized bedrooms each come with their own ensuite bathrooms for added privacy and convenience. The primary bedroom includes two walk-in closets, offering plenty of storage space. One of the standout features of this home is that it’s one of the few units in the complex equipped with central air conditioning, making it especially desirable during Calgary's sun-filled warmer months. Additional highlights of this home include a tandem garage, ample visitor parking for guests across the street and a charming back porch perfect for relaxing outdoors with friends on those warm summer evenings. Legacy is a well-connected community with ponds, parks, nearby schools, and shopping just a short drive away. Plus, easy access to Stoney Trail makes commuting a breeze. This townhouse offers a fantastic combination of comfort, convenience, and style. Don't miss your chance to view it – schedule your showing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,252.58 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$261.73
Condo Fee Includes:
Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
809 sq. ft.
Lot Frontage:
14'10"
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:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
2018 (Age: 6)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1811229
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Door Opener, Tandem
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
HOA Fee:
$36.00
Condo Fee Frequency:
Monthly
Legacy Gate
Legacy
Snow Removal, Visitor Parking
Central Air Conditioner, Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
window coverings
Pet Restrictions or Board approval Required, Restrictive Covenant, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Furnace/Utility Room
8'8" × 3'4"
2nd Floor
Dining Room
10'7" × 6'6"
2nd Floor
Kitchen
16'6" × 14'2"
2nd Floor
Living Room
14'2" × 12'7"
3rd Floor
Bedroom
10'11" × 10'7"
3rd Floor
Bedroom - Primary
16'3" × 10'6"
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
4'11" x 5'1"
3rd Floor
Yes
4
7'6" x 7'1"
3rd Floor
Yes
4
7'8" x 7'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Breakfast Bar, Ceiling Fan(s), No Smoking Home, Open Floorplan, Quartz Counters
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Yard, Low Maintenance Landscape, Interior Lot, Landscaped, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-2
Listed Date:
Oct 02, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$639,000
Min list price:
$220,000
Max list price:
$1,399,000
Avg days on market:
35
Min days on market:
1
Max days on market:
230
Avg price per sq.ft.:
$404.29
These statistics are generated based on the current listing's property type and located in Legacy. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706