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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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331 Legacy Circle SE
Legacy Calgary T2X 0X8

$1,119,900
Residential beds: 4 baths: 3.0 2,574 sq. ft. built: 2023

Main Photo: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 1: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 2: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 3: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 4: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 5: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 6: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 7: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 8: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 9: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 10: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 11: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 12: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 13: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 14: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 15: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 16: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 17: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 18: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 19: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 20: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 21: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 22: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 23: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 24: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 25: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 26: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Photo 27: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171748
Bedrooms:
4
Bathrooms:
3
Year Built:
2023
**LUXURY ESTATE HOME | 4-Bed | 2.5 Bath | LOADED WITH UPGRADES 100k. **Welcome to 331 Legacy Circle SE, a brand-new home by Crystal Creek Homes located in the most sought-after part of Legacy. A luxury Living that you can't afford to miss! Featuring the upgraded Everett floor plan, this home built on one of the largest lot in the neighbourhood with unique upgrades. This exquisite two-story residence, completed in 2023, boasting four bedrooms and two-and-a-half bathrooms within 2,574 square feet of above-grade space, it's designed for a life of luxury and comfort. Upon entering, the bright and open main level greets you with a cozy fireplace in the open to above great room, complemented by large windows that fill the space with natural light. The kitchen is a chef's delight, featuring a gas range with a custom hood fan, pristine white cabinets, a large island, and a spacious walk-through pantry. The main floor also spotlights an amazing home office, a powder room, fabulous mudroom. Up the stairs complemented with spindle railing you’ll come to the spacious bonus room area, the perfect place to lounge and relax. The master bedroom contains a 5-piece ensuite bathroom and a large walk-in closet. The upper floor encompasses 3 additional spacious bedrooms each with their own massive closets and share a 4-piece main bathroom with dual vanity set up as well as a large upstairs laundry room. Finally, kick back and relax at the end of a long day on your large rear deck. You will love to call this property HOME. Located on a quiet street in Legacy, one of Calgary's most desirable communities, this home offers easy access to nearby walking paths, and a range of amenities, including schools, a community garden, and endless shopping and dining options at Township Shopping Centre or Shawnessy Shopping Centre.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,574 sq. ft.
Main Level Finished Area:
1,173 sq. ft.
Upper Level Finished Area:
1,401 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,803 sq. ft.
Lot Frontage:
39'10¾"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2023 (Age: 1)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2111019
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
CRYSTAL CREEK
New Constr.:
Yes
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air, Sep. HVAC Units
Fireplaces:
1
Fireplace Details:
Electric, Great Room
Garage:
1
Garage Spaces:
5
Parking:
Double Garage Attached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$65.00
Legacy
Other, Park
Built-In Electric Range, Built-In Oven, Central Air Conditioner, Dishwasher, Microwave, Refrigerator, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'8" × 14'5"
Main Floor
Kitchen
13'7" × 12'5"
Main Floor
Dining Room
12' × 11'2"
Main Floor
Den
10'4" × 9'4"
Main Floor
Mud Room
10'7" × 6'6"
Upper Level
Bonus Room
13'9" × 12'6"
Upper Level
Bedroom - Primary
15' × 13'9"
Upper Level
Bedroom
10'2" × 9'9"
Upper Level
Bedroom
10'9" × 10'
Upper Level
Bedroom
10'7" × 9'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'3" x 5'
Upper Level
Yes
5
9'2" x 13'
Upper Level
No
4
4'8" x 10'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Double Vanity, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, See Remarks, Stone Counters, Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
RC1
Listed Date:
Oct 22, 2024
Days on Mkt:
  • Photo 1: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
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  • Photo 6: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    kitchen
  • Photo 7: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    dining area
  • Photo 8: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    living area
  • Photo 9: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    Photo 9 of 27
  • Photo 10: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    bonus room
  • Photo 11: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    hallway upper
  • Photo 12: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    hallway upper
  • Photo 13: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
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  • Photo 14: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    master bedroom
  • Photo 15: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
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  • Photo 16: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    bedroom 2
  • Photo 17: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    bedroom 3
  • Photo 18: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    bedroom 4
  • Photo 19: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    ensuite bath
  • Photo 20: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
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  • Photo 27: 331 Legacy Circle SE in Calgary: Legacy Detached for sale : MLS®# A2171748
    garage epoxy floor
Listed by Century 21 Bamber Realty LTD.
Data was last updated November 13, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
65
Avg list price:
$639,000
Min list price:
$220,000
Max list price:
$1,399,000
Avg days on market:
34
Min days on market:
3
Max days on market:
229
Avg price per sq.ft.:
$402.08
These statistics are generated based on the current listing's property type and located in Legacy. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706