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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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109 Belmont Terrace SW
Belmont Calgary T2X 4H3

$749,900
Residential beds: 4 baths: 4.0 2,004 sq. ft. built: 2018

Kitchen
Photo 1: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 2: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 3: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 4: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 5: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 6: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 7: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 8: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 9: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 10: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 11: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 12: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 13: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 14: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 15: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 16: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 17: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 18: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 19: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 20: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 21: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 22: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 23: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 24: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 25: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 26: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 27: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 28: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 29: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 30: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 31: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 32: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 33: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 34: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 35: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 36: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 37: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Photo 38: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176635
Bedrooms:
4
Bathrooms:
4
Year Built:
2018
**Beautiful Home in the Desirable Belmont Community** Discover this modern and spacious home offering 3 upper-level bedrooms plus a 4th bedroom in the nearly finished basement. With 2 full and 2 half baths, an upstairs laundry room, central A/C, and over 2,750 sqft of living space, this property is designed for comfortable living. The main floor boasts 9' ceilings and luxurious laminate flooring throughout, enhanced by ample windows that fill the space with natural light. The gourmet kitchen is a chef’s dream, featuring stainless steel appliances, including a gas stove and Brisas hood fan, quartz countertops, abundant cabinetry, a pantry, and a large island perfect for gatherings. The inviting living room includes an electric fireplace with a remote for added convenience. A discreet half bath is conveniently located between the front and garage entrances. Step outside to a fenced backyard oasis with a spacious deck and a serene pond with a waterfall feature. Upstairs, the primary bedroom is a retreat with a walk-in closet and an ensuite bathroom featuring dual sinks and an oversized shower. Two additional bedrooms, a 4-piece bathroom, a laundry room, and a generous bonus room complete the upper level. The basement is almost finished, featuring a 4th bedroom, a stunning 3-piece bathroom with porcelain tile flooring, a flexible room, and a large living area currently set up as a home gym. Additional highlights include a customizable Gemstone LED lighting system, an auto-locking front door, and a new roof installed in 2023. Don’t miss your chance to make this stunning home yours—contact your favorite real estate agent today to schedule a showing!
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:
2,004 sq. ft.
Main Level Finished Area:
864 sq. ft.
Upper Level Finished Area:
1,140 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
750 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,412 sq. ft.
Lot Frontage:
29'8"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2018 (Age: 6)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1810558
Heating:
Boiler, Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
Belmont
Central Air Conditioner, Dishwasher, Dryer, Garage Control(s), Garburator, Gas Range, Microwave, Range Hood, Refrigerator, Washer, Water Softener, Window Coverings
N/A
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
13' × 11'6"
Main Floor
Kitchen
18'3" × 10'
Main Floor
Dining Room
11'6" × 10'
Main Floor
Foyer
5'6" × 5'5"
Main Floor
Mud Room
8'6" × 4'7"
Upper Level
Bonus Room
18'11" × 15'11"
Upper Level
Bedroom
11'5" × 9'2"
Upper Level
Bedroom
10'8" × 9'3"
Upper Level
Bedroom - Primary
14'1" × 13'3"
Upper Level
Laundry
9' × 5'5"
Lower Level
Exercise Room
14'2" × 11'5"
Lower Level
Flex Space
17'9" × 8'2"
Lower Level
Bedroom
14'2" × 9'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2'11" x 7'8"
Upper Level
No
4
5'5" x 8'7"
Upper Level
Yes
4
8'11" x 9'2"
Lower Level
No
3
6'6" x 10'2"
Title to Land:
Fee Simple
Community Features:
Playground, Sidewalks
Interior Features:
Quartz Counters, Tankless Hot Water
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-G
Listed Date:
Nov 01, 2024
Days on Mkt:
  • Photo 1: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Kitchen
  • Photo 2: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Kitchen
  • Photo 3: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Kitchen
  • Photo 4: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Kitchen
  • Photo 5: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Dining Room
  • Photo 6: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Living Room/Kitchen
  • Photo 7: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Living Room
  • Photo 8: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Living Room
  • Photo 9: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Dining Room/Living Room
  • Photo 10: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Living Room
  • Photo 11: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Foyer/Garage Entrance
  • Photo 12: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    2 Piece Bathroom by Foyer
  • Photo 13: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Photo 13 of 38
  • Photo 14: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Front Entrance
  • Photo 15: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Photo 15 of 38
  • Photo 16: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bonus Room
  • Photo 17: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bonus Room
  • Photo 18: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bonus Room
  • Photo 19: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bonus Room
  • Photo 20: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bonus Room
  • Photo 21: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bedroom 2
  • Photo 22: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Upper Floor 4 Piece Bathroom
  • Photo 23: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bedroom 3
  • Photo 24: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Upper Floor Laundry Room
  • Photo 25: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Primary Bedroom
  • Photo 26: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Primary Bedroom
  • Photo 27: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    4 Piece Ensuite Bath/ Walk-in Closet
  • Photo 28: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    4 Piece Ensuite Batroom
  • Photo 29: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Bedroom 4 - Lower
  • Photo 30: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Lower 3 Piece Bathroom
  • Photo 31: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Workout Area
  • Photo 32: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Flex Room
  • Photo 33: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Flex Room
  • Photo 34: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Floor Plan
  • Photo 35: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Front
  • Photo 36: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Gemstone Lighting
  • Photo 37: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Back Yard
  • Photo 38: 109 Belmont Terrace SW in Calgary: Belmont Detached for sale : MLS®# A2176635
    Summer View of Back Yard Water Feature
Listed by Heritage Elite Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$659,900
Min list price:
$427,000
Max list price:
$999,000
Avg days on market:
31
Min days on market:
8
Max days on market:
155
Avg price per sq.ft.:
$384.24
These statistics are generated based on the current listing's property type and located in Belmont. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706