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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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3016 9 Street NW
Cambrian Heights Calgary T2K 1G5

$799,900
Residential beds: 5 baths: 2.0 1,041 sq. ft. built: 1958

Main Photo: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 1: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 2: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 3: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 4: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 5: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 6: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 7: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 8: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
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Photo 24: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Photo 25: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
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Photo 31: 3016 9 Street NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2177424
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177424
Bedrooms:
5
Bathrooms:
2
Year Built:
1958
Welcome to the Desirable Community of Cambrian Heights, Great Inner City Home, On a Corner Lot, Close to all Amenities, Confederation Park, Calgary Winter Club, SAIT College, University of Calgary, Foothills Medical Centre, walking distance to schools, shopping, transportation and more. This Home, sits on a 50' X 103' lot, with excellent potential for redevelopment or renovation. This Home is mostly original, with main floor consisting of a Kitchen, Dining Room open to Living Room with a Wood Burning Fireplace, 3 Bedrooms and a 4 Piece Bath. The Lower area of this home has a Family Room, 2 Bedrooms, (not egress windows) Laundry Area, Storage or Workshop and a 3 Piece Bath. Exterior of Home is Well Maintained, Landscaped & Fenced. Oversize Single Detached Garage, completes this package. Call today for your Private Viewing!
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:
1,041 sq. ft.
Main Level Finished Area:
1,041 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
875 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,069 sq. ft.
Lot Frontage:
49'10½"
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:
Floor Location:
Top
Levels:
One
Total Rooms Above Grade:
6
Year built:
1958 (Age: 66)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
6060AJ
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Brick Facing, Living Room, Wood Burning
Garage:
1
Garage Spaces:
1
Parking:
On Street, Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Cambrian Heights
Dishwasher, Dryer, Electric Stove, Washer, Window Coverings
Ladder
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
12'2" × 10'
Main Floor
Bedroom
10'8" × 8'10"
Main Floor
Bedroom
10' × 8'
Main Floor
Dining Room
9' × 8'4"
Main Floor
Kitchen
10'5" × 7'10"
Main Floor
Living Room
14'11" × 13'2"
Main Floor
Nook
6'5" × 6'
Lower Level
Family Room
12'8" × 12'8"
Lower Level
Bedroom
12'10" × 7'11"
Lower Level
Bedroom
19'9" × 8'11"
Lower Level
Laundry
8' × 3'6"
Lower Level
Workshop
12'10" × 7'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'
Lower Level
No
3
5'11" x 10'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Street Lights, Walking/Bike Paths
Interior Features:
No Animal Home, No Smoking Home, Separate Entrance
Exterior Features:
Lighting, Playground, Private Entrance
Patio And Porch Features:
Other
Lot Features:
Back Lane, Corner Lot, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-CG
Listed Date:
Nov 06, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Mountain View)
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
4,830
Avg list price:
$588,352
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
475
Avg price per sq.ft.:
$435.02
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706