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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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4331 Brisebois Drive NW
Brentwood Calgary T2L 2G1

$699,000
Residential beds: 4 baths: 2.0 1,101 sq. ft. built: 1961

Main Photo: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 1: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 2: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 3: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 4: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 5: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 6: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 7: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 8: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
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Photo 38: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Photo 39: 4331 Brisebois Drive NW in Calgary: Brentwood Detached for sale : MLS®# A2136559
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2136559
Bedrooms:
4
Bathrooms:
2
Year Built:
1961
**Competitive Price: Ideal for Homeowner or Investor** Situated in the prestigious Brentwood community of Calgary, 4331 Brisebois Drive offers both comfort and significant redevelopment potential. This house retains its classic 1960s charm, featuring detailed craftsmanship and unique design elements. Intricate wood trim, frames, and doors reflect the quality of the era. The home boasts a spacious and functional layout with ample living space, including a main floor den perfect for an office or study. Additionally, the property features a separate entrance, enhancing its versatility for potential rental income or multi-generational living. The Brentwood community provides an ideal location, nestled near top-rated schools, beautiful parks, the University of Calgary, and a famous shopping mall. It offers excellent access to public transportation and major roadways, making commuting a breeze. This exceptionally well-maintained property is not only a dream home but also a solid investment opportunity. Discover its full potential today!
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:
1,101.4 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,715 sq. ft.
Lot Frontage:
52'
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:
One
Total Rooms Above Grade:
7
Year built:
1961 (Age: 63)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
734JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Brentwood
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer, Window Coverings
None
None Known
Floor
Type
Size
Other
Main Floor
Entrance
6'10" × 3'5"
Main Floor
Living Room
13'1" × 12'11"
Main Floor
Office
13'7" × 8'7"
Main Floor
Bedroom - Primary
12'2" × 10'2"
Main Floor
Bedroom
12'3" × 7'3"
Main Floor
Dining Room
8'9" × 8'4"
Main Floor
Kitchen
12'11" × 12'7"
Main Floor
Mud Room
5'6" × 5'
Main Floor
Other
7'9" × 5'7"
Basement
Family Room
26'2" × 21'3"
Basement
Bedroom
12'4" × 10'9"
Basement
Laundry
10'4" × 4'10"
Basement
Storage
8'5" × 4'10"
Basement
Furnace/Utility Room
7'3" × 4'4"
Basement
Bedroom
13'7" × 12'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
8'9" x 4'11"
Basement
No
2
3'11" x 5'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bar, Ceiling Fan(s), No Animal Home, No Smoking Home, Separate Entrance, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-C1
Listed Date:
May 29, 2024
Days on Mkt:
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Listed by Top Producer Realty and Property Management
Data was last updated June 29, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$659,450
Min list price:
$259,000
Max list price:
$1,845,000
Avg days on market:
22
Min days on market:
4
Max days on market:
51
Avg price per sq.ft.:
$628.85
These statistics are generated based on the current listing's property type and located in Brentwood. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706