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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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126 Auburn Bay Heights SE
Auburn Bay Calgary T3M 0A7

$624,900
Residential beds: 3 baths: 3.0 1,006 sq. ft. built: 2006

So spacious, bright and airy
Photo 1: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 2: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 3: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 4: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 5: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 6: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 7: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 8: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 9: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 10: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 11: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 12: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 13: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 14: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 15: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 16: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 17: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 18: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 19: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 20: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 21: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 22: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 23: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 24: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 25: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 26: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 27: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 28: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 29: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 30: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 31: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Photo 32: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176336
Bedrooms:
3
Bathrooms:
3
Year Built:
2006
Welcome to 126 Auburn Bay Heights, this storybook bungalow is picture perfect with AC, 3 bedrooms, 2.5 bathrooms, and is a mere 8 minute walk to the lake entrance and clubhouse. The spacious front entrance has plenty of room to greet guests and a large closet to keep coats and outdoor gear tucked away. The open concept kitchen/dining and living area is light and airy with neutral flooring and paint, vaulted ceilings, a skylight, and oversized SE facing windows that allow for beautiful natural light to fill the space all day long. The kitchen features stainless appliances, large pantry, an oversized stainless sink complete with soap dispenser, and bar height peninsula for casual breakfasts or entertaining guests. Adjacent to the kitchen are some lovely built-in cabinets (more storage!) and sideboard set up with a coffee station. The dining area is an entertainers dream with plenty of room to seat 8 and space for a buffet hutch or extra cabinetry. Across from the dining area is a bonus space with a lovely window that's the perfect spot for a reading nook or home office. The large living room boasts electric blinds, privacy curtains, and access to the beautiful backyard. The main floor primary bedroom has more oversized windows, an enormous floor to ceiling wall of closets complete with built-in organizers, and a 3 piece ensuite with walk-in jet tub. The main floor is completed with two more storage closets and a 2 piece guest washroom. Descending to the basement you are greeted with modern flooring, neutral paint and big bright windows. The family room boasts a gas fireplace and plenty of room for big comfy couches for movie nights. Continuing down the hallway there is a four piece bathroom, 2 additional bedrooms (one with a walk-in closet) with egress windows and a large storage room. The best is still yet to come when you step out to the SE facing (sunshine!) backyard oasis; this is the most serene place for a morning cup of coffee or a private place to entertain and BBQ. The professionally installed and eco-friendly artificial grass keeps this no-maintenance yard looking perfect at all times. The double detached garage is insulated, 90% enclosed, and accessed through the PAVED alley! Auburn Bay lake is a wonderful place to relax on the weekends and features a clubhouse, gymnasium, tennis and pickleball courts, disc golf, fishing (ice fishing in winter), boat/SUP rental and so much more! The location can't be beat being a mere 4 minute drive to all amenities including restaurants, grocery stores, coffee shops, banking and the South Health Campus. Bonuses: hot water tank 2022, HRV air purifier 2023, AC 2023, deck/pergola/wind sails 2023. This home was designed with accessibility in mind so all main floor spaces are wide/roomy, the primary bedroom (closet) and ensuite offer user convenience.
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:
1,005.85 sq. ft.
Main Level Finished Area:
1,005.85 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
978.45 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,917 sq. ft.
Lot Frontage:
24'9¼"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Floor Location:
Below Grade
Levels:
One
Total Rooms Above Grade:
4
Year built:
2006 (Age: 18)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0610911
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Shingle Siding, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Shingle
Ensuite:
Yes
Flooring:
Tile, Vinyl
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Basement, Gas, Mantle, Tile
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Detached, Garage Door Opener, Garage Faces Rear, Insulated, On Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
HOA Fee:
$494.00
Auburn Bay
Beach Access, Clubhouse, Fitness Center, Park, Parking, Party Room, Picnic Area, Playground, Racquet Courts, Recreation Facilities, Recreation Room
Central Air Conditioner, Dishwasher, Electric Range, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
Built-in cabinets and sideboard adjacent to kitchen, storage cabinet at bottom of basement stairs, there are two wind sails for deck/patio (second one goes between pergola posts and garage), metal and wood display shelves in basement family room, deadbolt keypads x 3 (front , back & garage doors), garage door opener remotes x 2, furnace humidifier
Easement Registered On Title, Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Dining Room
18'10" × 11'7"
Main Floor
Kitchen
14'1" × 12'10"
Main Floor
Bedroom - Primary
13'1" × 10'6"
Main Floor
Living Room
18'10" × 12'2"
Basement
Bedroom
11'10" × 8'10"
Basement
Bedroom
10'11" × 8'7"
Basement
Family Room
18'1" × 17'10"
Basement
Laundry
10'9" × 8'2"
Basement
Storage
11'4" × 6'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'8" x 6'3"
Main Floor
Yes
4
8'8" x 6'10"
Basement
No
4
8'2" x 4'11"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Central Vacuum, High Ceilings, Laminate Counters, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Skylight(s), Storage, Vaulted Ceiling(s), Vinyl Windows
Exterior Features:
Private Entrance, Private Yard, Rain Gutters
Patio And Porch Features:
Deck, Pergola
Lot Features:
Back Lane, Back Yard, Close to Clubhouse, Front Yard, Lawn, Low Maintenance Landscape, Interior Lot, Landscaped, Level, Street Lighting, Private, Rectangular Lot
Accessibility Features:
Accessible Central Living Area, Accessible Closets, Accessible Full Bath, Accessible Hallway(s), Central Living Area
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 02, 2024
Days on Mkt:
  • Photo 1: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    So spacious, bright and airy
  • Photo 2: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Photo 2 of 32
  • Photo 3: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Kitchen with stainless appliances and pantry
  • Photo 4: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Kitchen
  • Photo 5: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Open concept vaulted ceiling and skylight
  • Photo 6: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Kitchen and huge dining area!
  • Photo 7: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Dining and adjoining living room - huge windows!
  • Photo 8: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Beautiful natural light fills the whole space
  • Photo 9: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Amazing entertaining space
  • Photo 10: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Sittin/office area adjacent to dining area
  • Photo 11: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Main floor two piece washroom
  • Photo 12: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Primary bedroom
  • Photo 13: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Primary bedroom with floor to ceiling closets - built-in organizers included!
  • Photo 14: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Primary ensuite with walk-in jetted tub
  • Photo 15: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Basement family room with gas fireplace
  • Photo 16: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Basement family room
  • Photo 17: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Basement bedroom
  • Photo 18: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Basement bedroom
  • Photo 19: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    4 piece bathoom - basement
  • Photo 20: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Backyard beauty!
  • Photo 21: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Beautiful no maintenance lanscaping
  • Photo 22: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Deck
  • Photo 23: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Fabulous deck, pergola and wind sails
  • Photo 24: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Front entrance
  • Photo 25: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Photo 25 of 32
  • Photo 26: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Photo 26 of 32
  • Photo 27: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Auburn Bay lake
  • Photo 28: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    South Health
  • Photo 29: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Seton
  • Photo 30: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Main floor
  • Photo 31: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Basement
  • Photo 32: 126 Auburn Bay Heights SE in Calgary: Auburn Bay Detached for sale : MLS®# A2176336
    Utility room - central vac, hwt 2022, air purifier

Virtual Tour

3D Tour

Listed by Century 21 Bamber Realty LTD.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$522,500
Min list price:
$264,900
Max list price:
$1,249,900
Avg days on market:
33
Min days on market:
5
Max days on market:
96
Avg price per sq.ft.:
$422.45
These statistics are generated based on the current listing's property type and located in Auburn Bay. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706