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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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128 Cantrell Place SW
Canyon Meadows Calgary T2W 1X2

$775,000
Residential beds: 5 baths: 3.0 1,399 sq. ft. built: 1972

Main Photo: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 1: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 2: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 3: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 4: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 5: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 6: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 7: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 8: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 9: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 10: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
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Photo 12: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 13: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 14: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
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Photo 21: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 22: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 23: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 24: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 25: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
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Photo 31: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
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Photo 34: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 35: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 36: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 37: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 38: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 39: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 40: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 41: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 42: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Photo 43: 128 Cantrell Place SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2177181
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177181
Bedrooms:
5
Bathrooms:
3
Year Built:
1972
Welcome to 128 Cantrell Place SW, located in the peaceful Canyon Meadows community on a quiet cul-de-sac. This stunning 1,398 sq ft renovated bungalow features 5 bedrooms and 3 full bathrooms, with a fully finished basement. The main floor offers an open-concept kitchen and spacious dining area, perfect for entertaining. Enjoy the large, fenced backyard from your deck, ideal for relaxation and gatherings. The home includes mostly new windows and freshly painted stucco. The basement has two bedrooms, a full bath, and versatile space for recreation and a theater area, plus a separate entrance. Situated on a low-traffic street, this home is close to parks, schools, and amenities, making it perfect for those seeking comfort and luxury in Calgary.
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:
1,398.95 sq. ft.
Main Level Finished Area:
1,398.95 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,229.49 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,995 sq. ft.
Lot Frontage:
54'4¾"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1972 (Age: 52)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
1165LK
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Tile, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Driveway, Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
Canyon Meadows
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer/Dryer Stacked
n/a
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13' × 12'
Main Floor
Bedroom
9'7" × 9'6"
Main Floor
Bedroom
13' × 8'10"
Main Floor
Living Room
17'7" × 14'9"
Main Floor
Kitchen
13'4" × 11'11"
Basement
Bedroom
12'1" × 11'11"
Basement
Bedroom
12'3" × 9'
Basement
Game Room
16'3" × 12'2"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
13' x 8'10"
Main Floor
No
4
4'11" x 8'10"
Basement
No
4
7'10" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Built-in Features, Kitchen Island, Open Floorplan
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Cul-De-Sac, Low Maintenance Landscape, Irregular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-CG
Listed Date:
Nov 04, 2024
Days on Mkt:
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    Deck and yard
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    Side Entrance
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Virtual Tour

Listed by Real Broker
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$762,400
Min list price:
$199,900
Max list price:
$3,988,888
Avg days on market:
28
Min days on market:
1
Max days on market:
69
Avg price per sq.ft.:
$424.37
These statistics are generated based on the current listing's property type and located in Canyon Meadows. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706