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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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36 Falmere Way NE
Falconridge Calgary T3J 2Z1

$585,000
Residential beds: 5 baths: 2.0 811 sq. ft. built: 1988

Front
Photo 1: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 2: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 3: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 4: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 5: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 6: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 7: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 8: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 9: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 10: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 11: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 12: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 13: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 14: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 15: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 16: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 17: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 18: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 19: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 20: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 21: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 22: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 23: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 24: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 25: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 26: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 27: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 28: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 29: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 30: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 31: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 32: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 33: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 34: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Photo 35: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171680
Bedrooms:
5
Bathrooms:
2
Year Built:
1988
Welcome to 36 Falmere Way, a fully renovated gem nestled in the mature and vibrant community of Falconridge. This stunning bi-level home features upgrades throughout, creating a fresh and inviting atmosphere ideal for first-time homebuyers and savvy investors alike. The main level showcases a well-designed layout that includes three bedrooms and one full washroom, making it perfect for families or those who work from home. The heart of the home is the beautifully appointed kitchen, which features a striking waterfall island, elegant quartz countertops, and brand new high-quality stainless steel appliances. This delightful space is perfect for cooking and entertaining. Adjacent to the kitchen, the cozy living room invites relaxation, complete with a charming fireplace that adds warmth to the space. A stylish washroom with a walk-in shower enhances the convenience and comfort of the upper level. The separate stacked laundry completes the upper floor space. Venturing downstairs, you'll discover a legal suite that opens up numerous possibilities. This space is ideal for generating rental income, accommodating extended family, or hosting guests. It features a small built-in desk space which provides an ideal spot for working or studying, making it easy to balance productivity with comfort, well-appointed kitchen that also boasts quartz countertops, ensuring a modern and stylish cooking environment. A separate laundry area adds to the convenience of this lower level. This home is packed with modern upgrades, including a brand new hot water tank, new windows that enhance energy efficiency, and new siding that gives the exterior a fresh look. The roof was replaced in 2022, providing peace of mind for years to come. The generous backyard offers ample space for outdoor activities, gardening, or entertaining, making it a perfect retreat for family gatherings or quiet evenings. Located in the welcoming community of Falconridge, you'll enjoy easy access to a variety of amenities, parks, and schools, ensuring that everything you need is just a short distance away. Don’t miss out on this incredible opportunity to own a beautifully renovated home that combines style, comfort, and practicality—schedule your viewing today!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
Bi-Level
Total Living Area:
810.79 sq. ft.
Main Level Finished Area:
810.79 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
748.86 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,852 sq. ft.
Lot Frontage:
25'7"
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:
Bi-Level
Total Rooms Above Grade:
5
Year built:
1988 (Age: 36)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8310081
Heating:
Forced Air
Basement:
Finished, Full, Suite
Foundation:
Wood
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
0
Parking:
Alley Access, Off Street, Parking Pad
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement, Lower Level, Main Level, Upper Level
Falconridge
Dishwasher, Dryer, Microwave Hood Fan, Range Hood, Refrigerator, Stove(s), Washer, Washer/Dryer Stacked
N/A
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
14'3" × 11'10"
Main Floor
Bedroom
10'9" × 6'3"
Main Floor
Living/Dining Room Combination
14'5" × 12'
Main Floor
Kitchen With Eating Area
11' × 10'8"
Main Floor
Bedroom
10' × 7'1"
Basement
Bedroom
14'6" × 10'6"
Basement
Bedroom
13'1" × 8'10"
Basement
Kitchen With Eating Area
16'11" × 14'6"
Basement
Furnace/Utility Room
13'1" × 7'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'10" x 7'1"
Basement
No
3
9'1" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Lawn, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Oct 10, 2024
Days on Mkt:
  • Photo 1: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Front
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    Living/ Dining area
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    Kitchen
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    Main Floor Laundry
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    Office/Kids Play Room
  • Photo 18: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Second Bedroom
  • Photo 19: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Primary
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  • Photo 21: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Walk- In Closet
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    Basement Bedroom
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    Photo 24 of 35
  • Photo 25: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Kitchen
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    Photo 26 of 35
  • Photo 27: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Built- In Work Space
  • Photo 28: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Photo 28 of 35
  • Photo 29: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Basement bedroom
  • Photo 30: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Basement Laundry
  • Photo 31: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Basement 3pc Washroom
  • Photo 32: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Backyard
  • Photo 33: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Photo 33 of 35
  • Photo 34: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Main Floor
  • Photo 35: 36 Falmere Way NE in Calgary: Falconridge Detached for sale : MLS®# A2171680
    Basement

Virtual Tour

Listed by Coldwell Banker Mountain Central
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$499,000
Min list price:
$255,000
Max list price:
$594,999
Avg days on market:
47
Min days on market:
10
Max days on market:
179
Avg price per sq.ft.:
$439.93
These statistics are generated based on the current listing's property type and located in Falconridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706