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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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3624 3 Street SW
Parkhill Calgary T2S 1V5

$1,749,900
Residential beds: 4 baths: 4.0 1,971 sq. ft. built: 2024

Front Elevation
Photo 1: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 2: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 3: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 4: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 5: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 6: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 7: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 8: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 9: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 10: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 11: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 12: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 13: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 14: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Photo 15: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2110661
Bedrooms:
4
Bathrooms:
4
Year Built:
2024
Property is Under Construction! Move in this summer July/Aug. Welcome home where the stylish streets of Soho New York meet PARKHILL! Detached & Almost 3,000sf of living space. Built by Thelo Homes, you’ll immediately notice the attention to detail and pride of craftsmanship throughout. The highest end of luxury interiors brought to you by Dwelling Interior Design. This exquisite home is an absolute SHOWSTOPPER! If you’ve never walked through 3rd street in Parkhill, you need to! Just steps from the gorgeous ridge overlooking Stanley Park, a private and very exclusive neighbourhood. It’s not a surprise that it has been deeply loved by many residents for generations. Be part of one of the most coveted school districts in the city! Walkable to all the Elbow River paths, 4th Street in Mission, the downtown core, and entertainment district. No detail has been overlooked. Exterior features FULL BRICK masonry wrapped around the entire front elevation of the home. Custom steps that extend the full width of the construction. A luxurious window package top to bottom of the property. Step inside and you’ll immediately be wowed by the 11FT CEILINGS creating a grand feeling throughout. Beautiful hardwood flooring and a stylish lighting and hardware package throughout. A custom kitchen you’ll love to host and entertain your friends with. Features a spacious quartz island and detailed millwork touches throughout. Custom cabinetry, custom hardware and the thoughtful design includes a ton of functional storage space. Gorgeous custom built-in hood and backsplash design, an Integrated Jenn Air panelled refrigerator, and don’t forget the WOLF 6 BURNER GAS RANGE! The back of the main level continues the same grand vibe as the front. A spacious living room encompasses the full width of the home and features a show piece gas fireplace wrapped in a custom plastered exterior façade. Oversized sliding patio doors take you onto a private COMPOSITE DECK perfect for those summer nights. There is also a moody & stylish 2pce powder room and functionally designed mud room including built-in storage and bench. The upper level features a thoughtfully designed laundry room with built-in cabinetry and hanging space. 3 spacious bedrooms including a Primary bedroom retreat that has it all. Vaulted ceilings, floor to ceiling windows, a huge walk-in closet with custom built-in organizers. A 5pce ensuite with heated floors, dual vanities, high end plumbing fixtures, a gorgeous soaker tub, and a luxury glassed STEAM SHOWER with bench. There is also a second 4pce bath on this level. The lower level is a relaxation haven. IN-FLOOR HEAT included, spacious Rec/family room perfect for your large sectional couch to watch the latest feature film or hockey game. Built-in wet bar, and a comfortable guest room with full 4pce bath complete this level. Out back is an INSULATED & FINISHED DOUBLE GARAGE. Rough in’s included: A/C, Sound/Data/Multimedia. The neighboring (South unit) 3626 3 St SW is also available.
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:
1,971.07 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
888.12 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,003 sq. ft.
Lot Frontage:
24'11"
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:
Two
Total Rooms Above Grade:
6
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
923S
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Thelo Homes
New Constr.:
Yes
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Gas, See Remarks
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Insulated
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Parkhill
Bar Fridge, Built-In Refrigerator, Dishwasher, Garage Control(s), Gas Range, Microwave, Range Hood, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
20'4" × 13'6"
Main Floor
Dining Room
14'6" × 10'8"
Main Floor
Living Room
16'6" × 16'
Main Floor
Mud Room
7' × 5'
Upper Level
Bedroom - Primary
16' × 13'6"
Upper Level
Bedroom
11'8" × 9'6"
Upper Level
Bedroom
11'10" × 9'10"
Upper Level
Laundry
7'8" × 5'10"
Lower Level
Bedroom
12'2" × 10'6"
Lower Level
Family Room
25'2" × 14'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'10" x 6'2"
Upper Level
No
4
4'11" x 9'6"
Upper Level
Yes
5
9'6" x 11'8"
Lower Level
No
4
5' x 8'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Built-in Features, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Soaking Tub, Steam Room, Stone Counters, Storage, Vinyl Windows, Walk-In Closet(s), Wet Bar, Wired for Data, Wired for Sound
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck, See Remarks
Lot Features:
Back Lane, Back Yard, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C2
Listed Date:
May 14, 2024
Days on Mkt:
  • Photo 1: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Front Elevation
  • Photo 2: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    3624 3 St SW (North Unit)
  • Photo 3: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    North Unit Exterior
  • Photo 4: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Kitchen
  • Photo 5: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Great Room
  • Photo 6: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Dining Room
  • Photo 7: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Mud Room
  • Photo 8: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Powder Room
  • Photo 9: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Ensuite
  • Photo 10: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Bathroom
  • Photo 11: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Laundry Room
  • Photo 12: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Main Floor
  • Photo 13: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Upper Floor
  • Photo 14: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    Lower Level
  • Photo 15: 3624 3 Street SW in Calgary: Parkhill Detached for sale : MLS®# A2110661
    South Unit Exterior

3D Tour

Listed by Charles
Data was last updated June 29, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
3,831
Avg list price:
$629,900
Min list price:
$128,000
Max list price:
$10,000,000
Avg days on market:
19
Min days on market:
0
Max days on market:
535
Avg price per sq.ft.:
$451.32
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706