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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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3 6147 Buckthorn Road NW
Thorncliffe Calgary T2K 2Z2

$289,900
Residential beds: 2 baths: 1.0 881 sq. ft. built: 1967

Main Photo: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 1: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 2: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 3: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 4: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 5: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 6: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 7: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 8: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 9: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 10: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 11: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 12: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 13: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 14: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 15: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 16: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 17: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 18: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 19: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 20: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 21: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 22: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 23: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 24: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 25: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 26: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 27: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 28: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Photo 29: 3 6147 Buckthorn Road NW in Calgary: Thorncliffe Row/Townhouse for sale : MLS®# A2176782
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176782
Bedrooms:
2
Bathrooms:
1
Year Built:
1967
Attention first time buyers and investors! This bright, affordable two bedroom, two-story townhome in Thorncliffe is close to most every amenity imaginable! Just off of Centre St. south of 64th avenue, this home is steps away from transit, with easy access to BRT routes to downtown, and to the airport. Easy walking or driving distance to shopping, restaurants, Deerfoot Trail, Deerfoot City Mall Superstore, schools, childcare,, parks and playgrounds,, skating, pools, and the Public library The main entry opens into the comfortable open living area with laminate floors, and a galley kitchen with ample dining area. Head upstairs to find two sizeable bedrooms, and full 4pc bathroom. Lower level is unfinished awaiting your finishing touches. There is a washer dryer set and lots of available storage! Newer decks and fences for each unit installed summer 2018. Private enclosed area with a deck - perfect to enjoy a great cup of coffee or a bevy. Great location and fabulous value here!
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:
881 sq. ft.
Main Level Finished Area:
462 sq. ft.
Upper Level Finished Area:
419 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$405.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Parking, Reserve Fund Contributions
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Entry Level:
1
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
5
Year built:
1967 (Age: 57)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
7710093
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete, Stucco, Wood Frame, Wood Siding
Structure Type:
Five Plus
Roof:
Flat Torch Membrane
Ensuite:
No
Flooring:
Laminate
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Alley Access, Asphalt, Assigned, On Street, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Buckthorn Manor
Thorncliffe
None
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
n/a
Airspace Restriction
Restrictions
Floor
Type
Size
Other
Main Floor
Entrance
4'8" × 4'7"
Main Floor
Living Room
16'2" × 11'5"
Main Floor
Kitchen
12' × 7'4"
Main Floor
Dining Room
7'4" × 7'
2nd Floor
Bedroom - Primary
14' × 10'
2nd Floor
Bedroom
9'7" × 9'
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
7'3" x 5'5"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s), Central Vacuum
Exterior Features:
Courtyard, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
M-C1
Listed Date:
Nov 01, 2024
Days on Mkt:
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Listed by MaxWell Canyon Creek
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$619,000
Min list price:
$225,000
Max list price:
$887,000
Avg days on market:
33
Min days on market:
6
Max days on market:
140
Avg price per sq.ft.:
$583.25
These statistics are generated based on the current listing's property type and located in Thorncliffe. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706