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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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271 Martindale Drive NE
Martindale Calgary T3J 4J6

$609,900
Residential beds: 3 baths: 3.0 1,375 sq. ft. built: 2009

Main Photo: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 1: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 2: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 3: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 4: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 5: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 6: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 7: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 8: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 9: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 10: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
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Photo 12: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 13: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
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Photo 24: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
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Photo 37: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 38: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 39: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 40: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Photo 41: 271 Martindale Drive NE in Calgary: Martindale Detached for sale : MLS®# A2138652
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2138652
Bedrooms:
3
Bathrooms:
3
Year Built:
2009
This is back on the market due to Financing. Welcome to this Meticulously Maintained Pet-Free and Smoke-Free 3 Bedroom. 2.5 Bathroom House in the heart of Martindale. This property boasts 9 FEET CIELINGS on the main floor, and a separate family room from the living room. House is CENTRALLY AIR CONDITIONED. With a DOUBLE DETACHED GARAGE, parking is no issue. This Excel built home has been upgraded with Granite Kitchen as well as a Garburator. There is also a speaker system built into the home, as well as cat 5e internet cables in all rooms for easy wired internet access. The back alley is paved and fully paid for as well. This property has been maintained inside and out, as the lawn is in immaculate shape. The basement, although unfinished, provides lots of light, as it is a SUNSHINE BASEMENT. Located very near Gurdwara as well as busses and Crossing Park School.
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:
1,375 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,670 sq. ft.
Lot Frontage:
33'2"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2009 (Age: 15)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0910613
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
Martindale
Dishwasher, Microwave, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
6'6" × 4'8"
Main Floor
Living Room
16'7" × 11'8"
Main Floor
Family Room
13'10" × 10'3"
Main Floor
Dining Room
10'1" × 8'9"
Main Floor
Kitchen
10'9" × 8'9"
Main Floor
Pantry
1'11" × 1'7"
Upper Level
Bedroom
12'2" × 10'2"
Upper Level
Bedroom
9'6" × 8'8"
Upper Level
Walk-In Closet
6'4" × 3'9"
Upper Level
Bedroom - Primary
12'3" × 10'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 4'7"
Upper Level
No
4
5'5" x 8'3"
Upper Level
Yes
3
6'4" x 6'4"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Street Lights
Interior Features:
Walk-In Closet(s), Wired for Sound
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C1N
Listed Date:
Jun 07, 2024
Days on Mkt:
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Listed by Diamond Realty & Associates LTD.
Data was last updated June 29, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$578,900
Min list price:
$377,000
Max list price:
$899,900
Avg days on market:
21
Min days on market:
1
Max days on market:
218
Avg price per sq.ft.:
$480.24
These statistics are generated based on the current listing's property type and located in Martindale. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706