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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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2456 Crestwood Road SE
Ogden Calgary T2C 0C9

$539,900
Residential beds: 2 baths: 2.0 720 sq. ft. built: 1957

Main Photo: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 1: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 2: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 3: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 4: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 5: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 6: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 7: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 8: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 9: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 10: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 11: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 12: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 13: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 14: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 15: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 16: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 17: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 18: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 19: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 20: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 21: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 22: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 23: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 24: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 25: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 26: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 27: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 28: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 29: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 30: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 31: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 32: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 33: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 34: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 35: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 36: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 37: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Photo 38: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172069
Bedrooms:
2
Bathrooms:
2
Year Built:
1957
2456 Crestwood Road is back on the market with a $35,000 price drop and a newly renovated primary bathroom worth $10,000. This sun-filled, pristine raised bungalow sits on an RC-2 double lot in Ogden, one of Calgary's last affordable inner-city neighborhoods. The home offers 1334 sq ft of living space, fully finished except for a bright, oversized laundry/utility room. The main floor boasts an open layout, with natural light flooding in from east, west, and south-facing windows. Upgrades include site-finished Jatoba hardwood, porcelain tile, high-end windows, and a Viking 36" professional gas range, plus a brand-new Asko dishwasher. The kitchen is perfect for cooking and entertaining, with two separate prep areas and sinks. The cozy living room features a wood-burning fireplace, creating a warm and inviting space. Downstairs, you'll find high-end vinyl plank flooring, a spacious primary suite with room for a king bed, and a renovated bathroom with all-new fixtures, flooring, and a custom glass-enclosed shower. Outside, the property features an attached garage, a massive 30'9" x 22'9" workshop with in-floor heat, 3-phase power, and space to park a vehicle, plus RV/trailer parking. Building a similar shop today would cost $70,000-$80,000, and it offers rental income potential. Just steps from George Moss Park, you can enjoy dog walking, tennis, basketball, and a skating rink. With quick access to Glenmore Trail and Deerfoot, getting around the city is a breeze. Located in a community-driven neighborhood, you'll be close to schools, shopping, and a variety of green spaces. Enjoy activities at the nearby community center, or spend your summer at the Milligan/Ogden outdoor pool. A new YMCA and public library are also close by.
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:
720.15 sq. ft.
Main Level Finished Area:
720.15 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
614.37 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,995 sq. ft.
Lot Frontage:
50'
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
4
Year built:
1957 (Age: 67)
Bedrooms:
2 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
5910AN
Heating:
Mid Efficiency, Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Block
New Constr.:
No
Construction Material:
Concrete, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Dining Room, Mantle, Wood Burning
Garage:
1
Garage Spaces:
1
Parking:
Concrete Driveway, Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Ogden
Dishwasher, Dryer, Freezer, Gas Cooktop, Microwave, Refrigerator, Washer
T.V, Wall mount
Airspace Restriction
Floor
Type
Size
Other
Main Floor
Living Room
13'11" × 11'8"
Main Floor
Kitchen
13'4" × 11'5"
Main Floor
Dining Room
11'7" × 10'9"
Main Floor
Bedroom
11'2" × 7'11"
Basement
Bedroom
11'2" × 10'9"
Basement
Furnace/Utility Room
7' × 3'2"
Basement
Storage
15'11" × 10'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 7'8"
Basement
No
3
4'2" x 10'10"
Title to Land:
Fee Simple
Community Features:
Park, Schools Nearby, Shopping Nearby, Tennis Court(s)
Interior Features:
Metal Counters, Natural Woodwork
Exterior Features:
Private Yard
Patio And Porch Features:
Patio
Lot Features:
Back Lane, Back Yard, Lawn, Many Trees, Street Lighting
Num. of Parcels:
0
Outbuildings:
Shed, Workshop
Fencing:
Fenced, Partial
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-CG
Listed Date:
Oct 11, 2024
Days on Mkt:
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  • Photo 4: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Tree Lined Street
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  • Photo 16: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Bedroom or office space
  • Photo 17: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
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  • Photo 19: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Dressing Area
  • Photo 20: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Primary Bedroom
  • Photo 21: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Primary Bedroom
  • Photo 22: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Newly Renovated Bathroom
  • Photo 23: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Basement hallway
  • Photo 24: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Laundry Room
  • Photo 25: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Alley View of Workshop
  • Photo 26: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
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  • Photo 29: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Shed
  • Photo 30: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Single Attached Garage
  • Photo 31: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Paved Back Alley
  • Photo 32: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
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  • Photo 33: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Near George Moss Park
  • Photo 34: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
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  • Photo 35: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    George Moss Park
  • Photo 36: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
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  • Photo 37: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Street View
  • Photo 38: 2456 Crestwood Road SE in Calgary: Ogden Detached for sale : MLS®# A2172069
    Street View
Listed by Royal LePage Benchmark
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$544,450
Min list price:
$319,000
Max list price:
$899,900
Avg days on market:
18
Min days on market:
4
Max days on market:
140
Avg price per sq.ft.:
$461.44
These statistics are generated based on the current listing's property type and located in Ogden. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706