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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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81 Nolanlake Cove NW
Nolan Hill Calgary T3R 0Z7

$559,900
Residential beds: 3 baths: 3.0 1,745 sq. ft. built: 2015

Main Photo: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 1: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 2: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 3: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 4: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 5: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 6: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 7: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 8: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 9: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 10: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 11: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 12: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 13: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 14: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 15: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 16: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 17: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 18: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 19: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 20: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 21: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 22: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 23: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 24: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 25: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 26: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 27: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 28: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 29: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 30: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 31: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 32: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 33: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 34: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 35: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 36: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 37: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 38: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 39: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 40: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 41: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Photo 42: 81 Nolanlake Cove NW in Calgary: Nolan Hill Row/Townhouse for sale : MLS®# A2166413
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166413
Bedrooms:
3
Bathrooms:
3
Year Built:
2015
Welcome to 81 Nolanlake Cove NW! Finally your chance to own the perfect three-storey townhome in the highly sought-after community of Nolan Hill. Offering 3 bedrooms, a den, and a spacious 1,745 sq. ft. of living area, this home combines comfort, modern living, and ample space. The den is perfect for working from home or desire a quiet area for reading and studying. The property includes an oversized double attached garage, with visitor parking steps away at the rear, and street parking right in front of the unit. Inside, you'll find a well-designed open-concept floor plan boasts 9-foot ceilings, freshly painted throughout, quartz countertops in both the kitchen and bathrooms. The kitchen is stylishly appointed with upgraded cabinetry, soft-close drawers, a massive quartz island with plenty of cupboards space, a good size stand-up pantry, stylish neutral subway tile backsplash, and Whirlpool stainless steel appliances. The main floor is bright and inviting, ideal for entertaining, with contemporary laminate planks flooring flowing seamlessly through the living area, dining room, kitchen, and 2-piece powder room. Step out onto the large private balcony, complete with a natural gas line hookup-perfect for summer BBQs. Upstairs, the primary bedroom impresses with a full en-suite featuring dual vanities with loads of counter space, a large walk-in closet, and an oversized standing shower. Two additional generously sized bedrooms, a full bathroom, and a conveniently located laundry area complete the upper level. Additional features include low flush toilets, triple-paned windows, HRV system, 2” faux wood blinds, fiber cement siding, and a stone exterior. The large side-by-side double attached garage is fully insulated, dry-walled, and offers plenty of storage space. The community offers green spaces, benches, visitor parking, and is within walking distance to parks and ponds. With easy access to Sarcee Trail, Shaganappi, and Stoney Trail, and just 5 minutes to Sage Hill Centre and Beacon Hill Shopping Centre with Costco, Canadian Tire, grocery stores, gas stations, restaurants, and all Amenities. This meticulously maintained townhome is move-in ready. Truly a great place to call home—don’t miss out, book your private showing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,745 sq. ft.
Main Level Finished Area:
663 sq. ft.
Upper Level Finished Area:
746 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$284.11
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
850 sq. ft.
Lot Frontage:
21'
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2015 (Age: 9)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1611365
Heating:
High Efficiency, Forced Air
Basement:
See Remarks
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cement Fiber Board, Composite Siding, Stone, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Door Opener, Garage Faces Rear, Insulated, Oversized, See Remarks
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Electric Dryer Hookup, Laundry Room, Upper Level, Washer Hookup
HOA Fee:
$78.75
Condo Fee Frequency:
Monthly
Elements of Nolan Hill
Nolan Hill
Park, Parking, Playground, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer, Window Coverings
None
Pet Restrictions or Board approval Required, Pets Allowed
Yes
Floor
Type
Size
Other
Main Floor
Living Room
16'3" × 12'5"
Main Floor
Kitchen
10'11" × 9'1"
Main Floor
Dining Room
9'6" × 8'10"
Upper Level
Bedroom - Primary
11'10" × 11'7"
Upper Level
Bedroom
10'5" × 9'5"
Upper Level
Bedroom
10'4" × 7'8"
Upper Level
Laundry
3'10" × 3'2"
Upper Level
Walk-In Closet
8'1" × 5'6"
Lower Level
Den
8'9" × 7'8"
Lower Level
Furnace/Utility Room
11'2" × 4'11"
Lower Level
Entrance
8'7" × 5'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'
Upper Level
Yes
4
8'1" x 8'6"
Upper Level
No
4
4'11" x 9'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Closet Organizers, Double Vanity, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s), Deck
Lot Features:
Front Yard, Lawn, Landscaped, Street Lighting, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone N
Zoning:
M-1 d100
Listed Date:
Sep 18, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated September 22, 2024 at 06:05 PM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$634,450
Min list price:
$479,900
Max list price:
$979,786
Avg days on market:
18
Min days on market:
3
Max days on market:
89
Avg price per sq.ft.:
$378.69
These statistics are generated based on the current listing's property type and located in Nolan Hill. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706