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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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3351 Breton Close NW
Brentwood Calgary T2L 1X3

$675,000
Residential beds: 3 baths: 3.0 1,133 sq. ft. built: 1971

Main Photo: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 1: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 2: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 3: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 4: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 5: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 6: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 7: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 8: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 9: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 10: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 11: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 12: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 13: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 14: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 15: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 16: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 17: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 18: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 19: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 20: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 21: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 22: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 23: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Photo 24: 3351 Breton Close NW in Calgary: Brentwood Detached for sale : MLS®# A2144517
Status:
Sold
Sold Date:
Jul 12, 2024
Listed Price:
$699,900
Sold Price:
$675,000
Sold in:
17 days
Prop. Type:
Residential
MLS® Num:
A2144517
Bedrooms:
3
Bathrooms:
3
Year Built:
1971
Rare opportunity on a quiet cul-de-sac in the prestigious community of Brentwood. The location offers a very private setting with large mature trees and backs onto a community pathway leading to Nose Hill Park. The home offers over 2075 sq ft of living space over 2 levels and is ready to be renovated and personalized. The upper level offers a functional kitchen, large living room and the dining area that has direct access to the large rear deck. You will also find 3 bedrooms with the primary having a 2 piece ensuite on this level. The lower level offers a 1 bedroom 1 bathroom illegal suite with a walkout, utility room/workshop and an area for laundry. Close to the newly remodeled Northland Mall, the University of Calgary, Market Mall and steps to some of the best amenities in the city. This home offers a great opportunity to renovate or build your dream home in a tranquil setting!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Immediate
Suite:
Suite - Illegal
Home Style:
Bi-Level
Total Living Area:
1,133 sq. ft.
Main Level Finished Area:
67 sq. ft.
Upper Level Finished Area:
1,066 sq. ft.
Below Grade Finished Area:
943 sq. ft.
Taxes:
$4,277 / 2024
Tax Assessed Value:
659500.0
Lot Area:
5,403 sq. ft.
Lot Frontage:
17'7"
Front Exposure:
West
Levels:
Bi-Level
Total Rooms Above Grade:
7
Year built:
1971 (Age: 53)
Bedrooms:
3
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
8018JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Brentwood
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator
Lower Unit- Dishwasher, Alarm System as-is.
None Known
Floor
Type
Size
Other
Main Floor
Foyer
6'9" × 4'2"
2nd Floor
Kitchen
16' × 8'8"
2nd Floor
Dining Room
12'8" × 9'3"
2nd Floor
Living Room
16'4" × 12'1"
2nd Floor
Bedroom - Primary
11'11" × 10'7"
2nd Floor
Bedroom
14' × 8'4"
2nd Floor
Bedroom
10'2" × 8'6"
Basement
Kitchen
10'11" × 9'5"
Basement
Living Room
19'10" × 15'5"
Basement
Furnace/Utility Room
16'7" × 0'6"
Basement
Pantry
2'9" × 2'8"
Basement
Laundry
4'11" × 3'1"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
4'11" x 8'1"
2nd Floor
Yes
2
4'3" x 4'11"
Basement
No
3
6'10" x 7'8"
Title to Land:
Fee Simple
Community Features:
Golf, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Storage
Exterior Features:
None
Patio And Porch Features:
Balcony(s), Deck
Lot Features:
Backs on to Park/Green Space, Cul-De-Sac, Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-C1
Listed Date:
Jun 25, 2024
Days on Mkt:
17
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Listed by Real Broker
Data was last updated September 29, 2024 at 02:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706