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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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11220 Braxton Road SW
Braeside Calgary T2W 1C6

$789,900
Residential beds: 7 baths: 3.0 1,351 sq. ft. built: 1971

Main Photo: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
Photo 1: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
Photo 2: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
Photo 3: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
Photo 4: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
Photo 5: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
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Photo 24: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
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Photo 29: 11220 Braxton Road SW in Calgary: Braeside Detached for sale : MLS®# A2170507
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2170507
Bedrooms:
7
Bathrooms:
3
Year Built:
1971
| 7 BEDS | 3 BATHS | 2 KITCHENS | 2 LAUNDRY | DBL TANDEM DETACH GARAGE | DIRECTLY FACING PARK | Welcome to this fully renovated bungalow in the heart of Braeside. This home boasts 7 bedrooms, including 4 upstairs and 3 downstairs, with the primary bedroom featuring a 3-piece ensuite. 2 of the bathrooms are located on the main level and 1 in the fully developed basement. This home offers two modern open-concept kitchens, each with quartz countertop islands, stainless steel appliances, and ample cabinetry for all your storage needs. For added convenience, there are two separate laundry areas, one on each level. The basement has its own separate entrance, providing privacy and easy access to the backyard. Parking is easy with a double tandem garage located at the back of the home, capable of fitting two cars comfortably. Located directly across from a park and playground, this home is perfect for families. Additionally, it is conveniently located close to numerous amenities, including parks, schools, shopping centres, and more. Don’t miss out on this incredible opportunity and call your favourite agent for a showing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,350.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,598 sq. ft.
Lot Frontage:
60'½"
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:
Levels:
One
Total Rooms Above Grade:
4
Year built:
1971 (Age: 53)
Bedrooms:
7 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
3
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
6901JK
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Tandem
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level
Braeside (Calgary)
Other
Dishwasher x2, Dryer x2, Electric Stove x2, Refrigerator x2, Washer x2
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'1" × 8'
Main Floor
Bedroom
10' × 8'
Main Floor
Bedroom
10' × 8'
Main Floor
Bedroom - Primary
13'5" × 11'7"
Basement
Bedroom
12'10" × 12'6"
Basement
Bedroom
12'11" × 9'5"
Basement
Bedroom
14'11" × 8'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'8"
Main Floor
Yes
3
7'6" x 4'11"
Basement
No
4
4'11" x 7'3"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Street Lights
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
Front Porch
Lot Features:
Back Lane, Back Yard, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
Oct 03, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$472,444
Min list price:
$199,987
Max list price:
$789,900
Avg days on market:
35
Min days on market:
4
Max days on market:
146
Avg price per sq.ft.:
$407.91
These statistics are generated based on the current listing's property type and located in Braeside. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706