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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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188 Crimson Ridge Place NW
C-483 Calgary T3L 0K7

$1,114,900
Residential beds: 4 baths: 4.0 2,662 sq. ft. built: 2024

Main Photo: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 1: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 2: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 3: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 4: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 5: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 6: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 7: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 8: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 9: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 10: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 11: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 12: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 13: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 14: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 15: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 16: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 17: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 18: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 19: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 20: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 21: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 22: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 23: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 24: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 25: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 26: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 27: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 28: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 29: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 30: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 31: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 32: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 33: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Photo 34: 188 Crimson Ridge Place NW in Calgary: C-483 Detached for sale : MLS®# A2170744
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2170744
Bedrooms:
4
Bathrooms:
4
Year Built:
2024
Nestled in the picturesque community of Crimson Ridge, this exquisite TRUMAN home epitomizes luxury living. Just minutes away from shopping, schools, serene parks, and scenic pathways, this location also offers unbeatable access to the mountains. Step inside to discover a bright, open-concept 4-bedroom residence designed for the discerning homeowner. The Chef's Kitchen is a culinary masterpiece, featuring Full-Height Cabinetry with Soft-Close Doors and Drawers, an oversized Island with an Eating Bar, Quartz countertops, and Stainless Steel appliances including a Gas Stove, Chimney Hood Fan, and a Refrigerator. Under-Cabinet Lighting, a Walk-In Pantry, and a dedicated Wine Room add to the kitchen's allure. The space flows seamlessly into a large Eating Nook and a Living Room equipped with a Wet Bar, perfect for entertaining or cozy family nights in front of the Fireplace. The main floor also includes a tranquil Den, soaring 9' Ceilings, wide Plank flooring, and a stylish 2-piece Bathroom. Relax and enjoy the breathtaking views from the Covered Deck. Upstairs, an oversized Bonus Room offers additional living space or entertainment options. The Owner's retreat is a sanctuary, featuring a Tray Ceiling and stunning views overlooking the golf course. It boasts a lavish 5-piece Ensuite with a Freestanding Soaker Tub, a Tiled Shower, Dual Vanities, a private Water Closet, and a spacious Walk-In Closet. The upper floor also includes two additional bedrooms both with Walk-In Closets, a Full Bathroom, and a well-appointed Laundry Room with built-in cabinets and a Laundry Sink. The finished Lower Level extends the ambiance of this home, offering an additional Entertainment area or Guest Retreat. It features a spacious Recreation Room with a stylish Wet Bar, an additional Bedroom perfectly suited for Guests, and a Full Bathroom, ensuring comfort and privacy for all. Discover your dream home in Crimson Ridge today! Photo gallery of similar home, new photo gallery coming soon.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,662 sq. ft.
Main Level Finished Area:
1,185.7 sq. ft.
Upper Level Finished Area:
1,476.7 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
648.2 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,311 sq. ft.
Lot Frontage:
32'10"
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:
Unit Exposure:
South
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
2311677
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Truman Homes 1995 Inc
New Constr.:
Yes
Construction Material:
See Remarks, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
See Remarks
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Haskayne
Dishwasher, Garage Control(s), Gas Range, Microwave, Range Hood, Refrigerator, Washer/Dryer
n/a
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17'11" × 15'10"
Main Floor
Kitchen
16'3" × 13'11"
Main Floor
Dining Room
16'8" × 15'4"
Main Floor
Den
13'9" × 9'5"
Upper Level
Bonus Room
13'2" × 13'1"
Upper Level
Bedroom - Primary
18'2" × 13'7"
Upper Level
Bedroom
15'1" × 10'2"
Upper Level
Bedroom
13'6" × 13'
Upper Level
Laundry
10'2" × 7'5"
Lower Level
Game Room
22'6" × 13'6"
Lower Level
Bedroom
11'6" × 8'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 5'3"
Upper Level
Yes
5
9'8" x 14'4"
Upper Level
No
4
0' x 0'
Lower Level
No
4
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
Deck, See Remarks
Lot Features:
Back Yard
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-G
Listed Date:
Oct 04, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$877,400
Min list price:
$289,900
Max list price:
$1,848,000
Avg days on market:
40
Min days on market:
4
Max days on market:
114
Avg price per sq.ft.:
$436.02
These statistics are generated based on the current listing's property type and located in C-483. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706