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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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1282 Walden Drive SE
Walden Calgary T2X 2H5

$572,500
Residential beds: 3 baths: 3.0 1,428 sq. ft. built: 2016

Main Photo: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 1: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 2: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 3: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 4: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 5: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 6: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 7: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 8: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 9: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 10: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 11: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 12: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 13: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 14: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 15: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 16: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 17: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 18: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 19: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 20: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 21: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 22: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 23: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 24: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 25: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 26: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 27: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 28: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 29: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 30: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 31: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 32: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 33: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 34: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 35: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Photo 36: 1282 Walden Drive SE in Calgary: Walden Semi Detached (Half Duplex) for sale : MLS®# A2135701
Status:
Sold
Sold Date:
Jun 27, 2024
Listed Price:
$579,900
Sold Price:
$572,500
Sold in:
30 days
Prop. Type:
Residential
MLS® Num:
A2135701
Bedrooms:
3
Bathrooms:
3
Year Built:
2016
Welcome to this stunning Semi-Detached home with 3 BEDS, 2.5 BATHS with a spacious open floor plan boasting over 1400 SQFT in the Community of Walden! Walk into this updated and modern home that comes with tons of great upgrades including an UNDERGROUND SPRINKLER SYSTEM, STAINLESS STEEL APPLIANCES, WATER SOFTENER, and OVERSIZED DOUBLE CAR GARAGE. As you walk up to the property you are greeted by a beautifully landscaped front yard. Upon entering, there is a bright north-facing open-concept floor plan with oversized windows that makes up the spacious living room, enhancing the home's welcoming atmosphere, followed by the central dining room, kitchen, and half washroom. The Kitchen is equipped with upgraded appliances, quartz countertops, and a spacious kitchen island facing the sunny south backyard. Going upstairs, you will find a bright and spacious primary bedroom featuring large windows, a 4-piece ensuite, and a walk-in closet! There are also 2 other bedrooms, another 4-piece bath, and lots of storage space. Downstairs, the basement offers a blank canvas allowing you to customize the space to suit your needs. The back door also opens to a private large deck that is perfect for entertaining and also leads to the oversized double detached garage, with the added BONUS OF A FULLY PAVED BACK ALLEY. The private, fenced-in, and open backyard makes this a perfect home for all. The community also features nearby ponds, a golf course, a playground, a shopping plaza, schools, and quick access to the ring road. This property is a must see, book your showings today with your favorite realtor!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
15 Days / Neg, Immediate
Possession Date:
Jun 18, 2024
Suite:
No
Home Style:
2 Storey, Side by Side
Total Living Area:
1,428 sq. ft.
Taxes:
$2,839.02 / 2023
Lot Area:
2,637 sq. ft.
Lot Frontage:
23'8"
Front Exposure:
Northeast
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
Year built:
2016 (Age: 8)
Bedrooms:
3
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1513249
Heating:
Central, Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cement Fiber Board, Concrete, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Walden
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked, Water Softener
Window Blinds
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
15'6" × 10'8"
Main Floor
Foyer
7'10" × 7'1"
Main Floor
Kitchen
12'9" × 10'7"
Main Floor
Living Room
16'7" × 14'2"
Upper Level
Bedroom
11'11" × 9'4"
Upper Level
Bedroom
13'7" × 9'7"
Upper Level
Bedroom - Primary
13'11" × 13'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'9" x 5'
Upper Level
No
4
5' x 9'11"
Upper Level
Yes
4
10'1" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Breakfast Bar, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Storage, Vinyl Windows
Exterior Features:
Dog Run, Garden, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Lawn, Garden, Low Maintenance Landscape, Landscaped, Level, Street Lighting
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-2M
Listed Date:
May 28, 2024
Days on Mkt:
30
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Data was last updated June 29, 2024 at 08:05 PM (UTC)
Diane Richardson
Cell: 403-397-3706