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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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208 Lucas Place NW
Livingston Calgary T3P 2E6

$644,900
Residential beds: 4 baths: 3.0 979 sq. ft. built: 2024

Main Photo: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 1: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 2: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 3: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 4: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 5: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 6: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 7: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 8: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 9: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 10: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 11: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 12: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 13: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 14: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 15: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 16: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 17: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 18: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 19: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 20: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 21: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 22: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 23: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 24: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 25: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 26: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 27: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 28: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 29: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 30: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 31: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 32: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 33: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 34: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 35: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 36: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 37: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 38: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Photo 39: 208 Lucas Place NW in Calgary: Livingston Detached for sale : MLS®# A2165841
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165841
Bedrooms:
4
Bathrooms:
3
Year Built:
2024
Brand new bungalow in the NW side of Livingston. It features finished basement with side entrance, quartz counter tops in the kitchen and bathrooms, 9 feet ceiling on the main floor, stainless steel appliances, and LVP floor in the living room and kitchen area. Main floor with 2 good size bedrooms, master bedroom with 4 pieces ensuite, bright and large living room, spacious kitchen and eating area, and mud room in the back entrance. Fully finished basement with separated side entrance, large family room, 2 large bedrooms, and 1 full bathroom. It closes to playground, shopping, restaurants, and easy access to major roads. Very good for starter home or investment property. ** 208 Lucas Place NW **
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
979.1 sq. ft.
Main Level Finished Area:
979.1 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
723.6 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,615 sq. ft.
Lot Frontage:
35'3¼"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
2311424
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
HOA Fee:
$450.00
Livingston
Fitness Center, Racquet Courts, Recreation Facilities, Visitor Parking
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Tankless Water Heater, Washer
N/A
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Entrance
6'2" × 4'5"
Main Floor
Dining Room
12'5" × 5'10"
Main Floor
Living Room
12'5" × 7'3"
Main Floor
Kitchen With Eating Area
14'3" × 12'4"
Main Floor
Laundry
3'9" × 3'7"
Main Floor
Mud Room
6'2" × 3'10"
Main Floor
Bedroom
9'4" × 8'5"
Main Floor
Bedroom - Primary
10'10" × 9'6"
Main Floor
Entrance
3'10" × 3'2"
Basement
Family Room
24'1" × 11'9"
Basement
Bedroom
10'11" × 9'8"
Basement
Bedroom
13'4" × 11'11"
Basement
Other
15'1" × 6'2"
Basement
Storage
16'8" × 3'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'10"
Main Floor
Yes
4
8'3" x 6'5"
Basement
No
4
4'11" x 8'1"
Title to Land:
Fee Simple
Community Features:
Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Kitchen Island, No Animal Home, No Smoking Home, Quartz Counters, Separate Entrance, Tankless Hot Water
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Front Yard, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone N
Zoning:
R-G
Listed Date:
Sep 14, 2024
Days on Mkt:
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Listed by Century 21 Bravo Realty
Data was last updated November 16, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$647,400
Min list price:
$229,900
Max list price:
$1,180,000
Avg days on market:
24
Min days on market:
3
Max days on market:
169
Avg price per sq.ft.:
$419.53
These statistics are generated based on the current listing's property type and located in Livingston. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706