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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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180 Panatella Close NW
Panorama Hills Calgary T3K 6B3

$838,000
Residential beds: 5 baths: 5.0 2,474 sq. ft. built: 2005

Main Photo: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 1: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 2: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 3: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 4: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 5: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 6: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 7: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 8: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 9: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 10: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 11: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 12: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 13: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 14: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 15: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 16: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 17: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 18: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 19: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 20: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 21: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 22: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 23: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 24: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 25: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 26: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 27: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Photo 28: 180 Panatella Close NW in Calgary: Panorama Hills Detached for sale : MLS®# A2177058
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177058
Bedrooms:
5
Bathrooms:
5
Year Built:
2005
Welcome to 180 Panatella Close NW, where modern updates meet classic comfort! This stunning home features 5 spacious bedrooms, 4 washrooms, and a fully finished basement—perfect for family living or entertaining guests. Recently refreshed with new granite countertops and a fresh coat of paint, the open-concept kitchen and living spaces exude warmth and style. Nestled on a large traditional lot with low-maintenance landscaping, this property offers a private outdoor retreat without the upkeep. Located in the desirable Panorama Hills neighborhood, you’ll enjoy proximity to parks, schools, and shopping. Don’t miss this rare opportunity—schedule your 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:
2,473.8 sq. ft.
Main Level Finished Area:
1,316.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,088.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
5,134 sq. ft.
Lot Frontage:
55'5¾"
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:
Southeast
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2005 (Age: 19)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
5.0 (Full:3, Half:2)
Plan:
0412266
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
CEDARGLEN
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile
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 Basement
HOA Fee:
$262.50
Panorama Hills
Recreation Facilities
Dishwasher, Dryer, Electric Range, Garage Control(s), Gas Stove, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
6'2" × 3'11"
Main Floor
Living Room
14'2" × 12'11"
Main Floor
Dining Room
14'10" × 8'11"
Main Floor
Den
12' × 9'
Main Floor
Mud Room
8'5" × 8'4"
Main Floor
Kitchen
17'4" × 12'6"
Main Floor
Pantry
3'11" × 3'10"
Main Floor
Family Room
16'8" × 15'6"
2nd Floor
Bedroom - Primary
15'6" × 13'6"
2nd Floor
Walk-In Closet
11'1" × 4'11"
2nd Floor
Bedroom
13'4" × 12'9"
2nd Floor
Bedroom
13'10" × 10'8"
2nd Floor
Bedroom
13' × 12'4"
Basement
Furnace/Utility Room
12'5" × 8'1"
Basement
Bedroom
16'11" × 12'5"
Basement
Den
12'5" × 9'
Basement
Walk-In Closet
6'9" × 4'4"
Basement
Laundry
8'6" × 7'
Basement
Game Room
20' × 14'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 4'11"
2nd Floor
Yes
5
13'6" x 9'1"
2nd Floor
No
4
4'11" x 9'3"
Basement
Yes
3
8'2" x 7'7"
Basement
No
2
5'1" x 4'8"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Central Vacuum, Closet Organizers, Granite Counters, High Ceilings, No Smoking Home, Skylight(s), Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Yard, Low Maintenance Landscape, Reverse Pie Shaped Lot, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-G
Listed Date:
Nov 02, 2024
Days on Mkt:
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Listed by Century 21 Bravo Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
75
Avg list price:
$482,900
Min list price:
$239,000
Max list price:
$1,374,888
Avg days on market:
41
Min days on market:
4
Max days on market:
153
Avg price per sq.ft.:
$378.52
These statistics are generated based on the current listing's property type and located in Panorama Hills. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706