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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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1607 Baywater Street SW
Bayside Airdrie T4B 5K6

$859,000
Residential beds: 3 baths: 3.0 2,333 sq. ft. built: 2024

Front Elevation
Photo 1: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 2: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 3: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 4: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 5: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 6: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 7: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 8: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 9: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 10: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 11: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 12: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 13: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 14: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 15: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 16: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 17: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 18: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Photo 19: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175965
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Welcome to the spectacular Strangford Lough II located in the sought after community of Bayside Estate! This amazing family home offer over 2300 SF of living space, 3 very spacious bedroom, a bonus room, main floor office space, beautiful gas gas fireplace, elegant glass railing, and not to mention the extra large tandem garage coming in at 570 SF alone! This beautiful family home is sure to make you stop and want to view. The builder has gone the extra mile with the interior features like a prep kitchen area, walk in pantry, extra kitchen island space, and high end finishings throughout. Call your favourite realtor or book a viewing today!
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:
2,333 sq. ft.
Main Level Finished Area:
1,090 sq. ft.
Upper Level Finished Area:
1,243 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,780 sq. ft.
Lot Frontage:
42'
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:
Northeast
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northeast, Southwest
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2211099
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Mixed
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl Plank
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:
In Unit, Laundry Room, Upper Level
Bayside
Bar Fridge, Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator
NA
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'6" × 13'6"
Main Floor
Dining Room
12' × 11'
Main Floor
Den
12'6" × 9'
Main Floor
Kitchen
13' × 12'
Upper Level
Bedroom - Primary
15' × 12'4"
Upper Level
Bonus Room
16'8" × 13'
Upper Level
Laundry
6'10" × 6'
Upper Level
Bedroom
11' × 10'4"
Upper Level
Bedroom
11' × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'3" x 5'
Upper Level
Yes
5
8'8" x 17'6"
Upper Level
No
3
5' x 10'8"
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Chandelier, Closet Organizers, Double Vanity, French Door, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Front Yard, Interior Lot, Level
Num. of Parcels:
0
Fencing:
Partial
Region:
Airdrie
Zoning:
R1
Listed Date:
Nov 03, 2024
Days on Mkt:
  • Photo 1: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Front Elevation
  • Photo 2: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Front Entry way
  • Photo 3: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Living Room
  • Photo 4: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Dining Room
  • Photo 5: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Kitchen
  • Photo 6: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Prep Kitchen + Pantry
  • Photo 7: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Mudroom
  • Photo 8: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Den/ Office
  • Photo 9: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Stairway
  • Photo 10: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Bonus Room
  • Photo 11: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Primary/ Master
  • Photo 12: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    5pce Ensuite
  • Photo 13: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Laundry
  • Photo 14: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Bedroom 2
  • Photo 15: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Upper Main Bath
  • Photo 16: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Bedroom 3
  • Photo 17: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    200 amp panel
  • Photo 18: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Front Door
  • Photo 19: 1607 Baywater Street SW: Airdrie Detached for sale : MLS®# A2175965
    Backyard
Listed by Manor Real Estate Ltd.
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