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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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87 West Coach Manor SW
West Springs Calgary T3H 1R7

$500,000
Residential beds: 3 baths: 3.0 1,239 sq. ft. built: 2013

Main Photo: 87 West Coach Manor SW in Calgary: West Springs Row/Townhouse for sale : MLS®# A2176647
Photo 1: 87 West Coach Manor SW in Calgary: West Springs Row/Townhouse for sale : MLS®# A2176647
Photo 2: 87 West Coach Manor SW in Calgary: West Springs Row/Townhouse for sale : MLS®# A2176647
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Photo 32: 87 West Coach Manor SW in Calgary: West Springs Row/Townhouse for sale : MLS®# A2176647
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176647
Bedrooms:
3
Bathrooms:
3
Year Built:
2013
OPEN HOUSE SATURDAY, NOV 9 2-4PM. Welcome to the quiet and desirable community of West Springs, where you’ll find this charming 3 bedroom, 2.5 bathroom townhome. The bright and open main level features a functional and modern kitchen with an island, stainless steel appliances, and ample cabinet space, as well as the living room and good sized dining area leading to the private deck. Enjoy morning coffee and evening barbeques on the sunny south facing deck, backing onto sprawling greenspace. There is also high quality laminate flooring throughout the main level, made to resist daily wear and tear. Heading upstairs brings you to the primary bedroom with a large walk-in closet and ensuite with a tiled shower, 2 secondary bedrooms, and main bathroom. Moving downstairs, you’ll discover a blank canvas ready for all your designs! Westbury Park offers spacious and low maintenance living in a peaceful setting, close to all the city has to offer. The neighbourhood of West Springs includes walking paths leading to basketball courts, playgrounds, tennis courts, and lush forest area. In addition, there are multiple nearby schools, and an amenity-rich shopping area a short drive away, with grocery stores, drugstores, professional businesses, gyms, restaurants, and more. Being on the southwest edge of the city puts you that much closer to the Rocky Mountains too!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,239.28 sq. ft.
Main Level Finished Area:
499.59 sq. ft.
Upper Level Finished Area:
631.05 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
459.76 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$530.28
Condo Fee Includes:
Amenities of HOA/Condo, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Includes:
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:
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2013 (Age: 11)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1412806
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Concrete Driveway, Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Westbury Park
West Springs
Snow Removal, Trash, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
None
Restrictive Covenant, Utility Right Of Way
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Dining Room
9'11" × 7'11"
Main Floor
Foyer
13'8" × 8'7"
Main Floor
Kitchen
15'5" × 7'11"
Main Floor
Living Room
12' × 11'4"
2nd Floor
Bedroom
11'4" × 9'5"
2nd Floor
Bedroom
9'8" × 9'6"
2nd Floor
Bedroom - Primary
12'10" × 11'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'3" x 5'3"
2nd Floor
Yes
3
5'1" x 7'11"
2nd Floor
No
4
5' x 7'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Kitchen Island, Open Floorplan, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Backs on to Park/Green Space, Few Trees, Landscaped, Level
Num. of Parcels:
0
Fencing:
Partial
Region:
Calgary
Zone:
CAL Zone W
Zoning:
DC
Listed Date:
Nov 01, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$786,400
Min list price:
$379,900
Max list price:
$2,249,000
Avg days on market:
38
Min days on market:
2
Max days on market:
119
Avg price per sq.ft.:
$516.13
These statistics are generated based on the current listing's property type and located in West Springs. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706