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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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280 Midpark Gardens SE
Midnapore Calgary T2X 1T3

$487,500
Residential beds: 3 baths: 2.0 1,603 sq. ft. built: 1981

Sliding Doors to Exterior Space
Photo 1: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 2: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 3: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 4: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 5: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 6: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 7: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 8: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 9: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 10: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 11: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 12: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 13: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 14: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 15: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 16: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 17: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 18: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 19: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 20: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 21: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 22: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 23: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 24: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 25: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 26: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 27: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 28: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 29: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 30: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 31: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Photo 32: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178206
Bedrooms:
3
Bathrooms:
2
Year Built:
1981
SPACE & OPPORTUNITY abounds for this Midnapore-Lake-Community ATTACHED HOME! NO Condo FEES! This is one of a few RARE attached Row Homes in Midnapore that is not a CONDO! Quite a LARGE Generous 2 STOREY 3 Bedroom Floor plan at 1603 SQFT above Grade. Perfect chance for a growing family or someone who wants next-level space and Large bedrooms. Main Level living space enjoys a GAS-Insert FIREPLACE with great NATURAL WEST Sunlight to enjoy all afternoon long. Sliding doors to the WEST outdoor living space to enjoy as desired. (Back Gate for access to local amenities/restaurants/shopping) Formal Dining Space & TV Area. Vastly Original Condition for this SINGLE OWNER home, means you get to put your own sense of Style on it. Large Kitchen with Dining Area enjoys EAST morning sun, simply add Coffee or Tea. EAST patio stones if desired for a table and chairs. Upstairs Primary Bedroom is Larger than MANY on the market (nearly 18'x11') while bedrooms 2 & 3 are nicely configured as well with WEST sunlight. Other features include 2 pce powder room on Main level, SINGLE detached GARAGE (20'11 x 11'3) with one additional parking if desired, in driveway. Unfinished/unspoiled Basement with Loads of space for MEDIA, Workout, Laundry, as desired. Could be perfect space for a Project, Growing Family or Handyman, as desired. Opportunity knocks for the RIGHT buyer. Furnace is hi-efficiency 2010 installed.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,603 sq. ft.
Main Level Finished Area:
798 sq. ft.
Upper Level Finished Area:
805 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,293 sq. ft.
Lot Frontage:
27'7"
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
1981 (Age: 43)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
7910855
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
Triplex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None, Other
Fireplaces:
1
Fireplace Details:
Family Room, Gas, Insert
Garage:
1
Garage Spaces:
1
Parking:
Driveway, Garage Door Opener, Garage Faces Front, Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
HOA Fee:
$267.75
Midnapore
Beach Access, Boating, Community Gardens, Picnic Area, Playground, Recreation Facilities
Dishwasher, Freezer, Garburator, Range Hood, Refrigerator, Washer/Dryer
Vacuum System & Attachments
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
11'3" × 8'11"
Main Floor
Dining Room
10'2" × 7'6"
Main Floor
Breakfast Nook
11'3" × 11'3"
Main Floor
Living Room
22'11" × 10'11"
2nd Floor
Bedroom - Primary
17'10" × 10'11"
2nd Floor
Bedroom
16'9" × 10'11"
2nd Floor
Bedroom
11'8" × 8'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
3'3" x 7'11"
2nd Floor
No
4
7'8" x 8'5"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Gated, Lake, Playground
Interior Features:
Ceiling Fan(s), Laminate Counters, No Animal Home
Exterior Features:
Storage
Patio And Porch Features:
Patio
Lot Features:
Few Trees, Front Yard, No Neighbours Behind, Rectangular Lot, Zero Lot Line
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
M-C1
Listed Date:
Nov 08, 2024
Days on Mkt:
  • Photo 1: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Sliding Doors to Exterior Space
  • Photo 2: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Gas Insert FIREPLACE in a Generous Sized Living Room
  • Photo 3: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Kitchen with BREAKFAST AREA
  • Photo 4: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Lake Privileges
  • Photo 5: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Attached Home with NO CONDO FEES
  • Photo 6: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    ENTRY-Way
  • Photo 7: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Kitchen
  • Photo 8: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Large Living Space on Main Level with WEST Sunlight
  • Photo 9: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Main Living Space
  • Photo 10: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Main Living Space
  • Photo 11: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Main Living Space
  • Photo 12: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Main Level Living
  • Photo 13: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    West Backyard
  • Photo 14: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    West Backyard with Sun all afternoon
  • Photo 15: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Stairs UP/Down
  • Photo 16: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Nearly 18' x 11' Master BED with EAST Sun in the morning
  • Photo 17: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    HUGE Master Bedroom
  • Photo 18: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Upper Bedrooms
  • Photo 19: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    4 pce Bath
  • Photo 20: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Bedroom 2 with West Exposure
  • Photo 21: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Bedroom 3
  • Photo 22: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Single Detached Garage 20'11 x 11'3
  • Photo 23: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    2 pce Bath
  • Photo 24: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Nice Sized Garage
  • Photo 25: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    No neighbours behind you
  • Photo 26: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Front yard patio with EAST SUNSHINE
  • Photo 27: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Unfinished Basement
  • Photo 28: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Unfinished Basement
  • Photo 29: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Unfinished Basement
  • Photo 30: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Lake Life
  • Photo 31: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    REC
  • Photo 32: 280 Midpark Gardens SE in Calgary: Midnapore Row/Townhouse for sale : MLS®# A2178206
    Tennis/Picklebal/Basketball at the Lake
Listed by RE/MAX First
Data was last updated November 13, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$531,250
Min list price:
$243,800
Max list price:
$799,900
Avg days on market:
17
Min days on market:
5
Max days on market:
104
Avg price per sq.ft.:
$471.63
These statistics are generated based on the current listing's property type and located in Midnapore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706