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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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17 Aster Place SE
Airdrie Meadows Airdrie T4B 0P9

$539,000
Residential beds: 3 baths: 3.0 1,046 sq. ft. built: 1977

Main Photo: 17 Aster Place SE: Airdrie Detached for sale : MLS®# A2175663
Photo 1: 17 Aster Place SE: Airdrie Detached for sale : MLS®# A2175663
Photo 2: 17 Aster Place SE: Airdrie Detached for sale : MLS®# A2175663
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Photo 24: 17 Aster Place SE: Airdrie Detached for sale : MLS®# A2175663
Photo 25: 17 Aster Place SE: Airdrie Detached for sale : MLS®# A2175663
Photo 26: 17 Aster Place SE: Airdrie Detached for sale : MLS®# A2175663
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175663
Bedrooms:
3
Bathrooms:
3
Year Built:
1977
Great opportunity for investor or enjoy the benefit of live up, rent down. Fantastic home with great illegal basement suite. This amazing property offers an ideal location, quiet cul de sac, close to all amenities and downtown Airdrie, making it a lucrative investment opportunity or perfect for young family. situated on a massive flat lot with large garage. Well maintained and pride of ownership shows throughout. Brand new vinyl flooring, updated Kitchen, bright and spacious living area. The primary suite features a convenient 3-piece ensuite and laundry. An additional 4- piece main bathroom plus the basement with full bathroom, 1 bedroom and additional laundry room.
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:
1,046.5 sq. ft.
Main Level Finished Area:
1,046.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
793.94 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,944 sq. ft.
Lot Frontage:
37'11⅞"
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:
5
Year built:
1977 (Age: 47)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7710734
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Additional Parking, Alley Access, Double Garage Detached, Garage Faces Rear, Insulated, RV Access/Parking
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Main Level, Multiple Locations
Airdrie Meadows
Dishwasher, Dryer, Garage Control(s), Refrigerator, Stove(s), Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12'2" × 11'6"
Main Floor
Dining Room
14'2" × 13'6"
Main Floor
Kitchen
15'10" × 10'1"
Main Floor
Living Room
14'4" × 11'6"
Main Floor
Bedroom - Primary
11'11" × 11'5"
Basement
Bedroom
12'2" × 10'7"
Basement
Kitchen
10'9" × 10'4"
Basement
Office
3'7" × 3'3"
Basement
Game Room
21'7" × 13'10"
Basement
Storage
12'2" × 7'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
Main Floor
No
4
Basement
No
3
Title to Land:
Fee Simple
Community Features:
Golf, Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Lawn, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Airdrie
Zoning:
R1
Listed Date:
Oct 26, 2024
Days on Mkt:
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Listed by The Real Estate District
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
377
Avg list price:
$599,900
Min list price:
$200,000
Max list price:
$1,749,900
Avg days on market:
37
Min days on market:
1
Max days on market:
255
Avg price per sq.ft.:
$361.6
These statistics are generated based on the current listing's property type and located in Airdrie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706