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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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55 Mallard Heath SE
C-390 Calgary T3S 0E5

$774,900
Residential beds: 4 baths: 3.0 2,361 sq. ft. built: 2024

Main Photo: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 1: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 2: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 3: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 4: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 5: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 6: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 7: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 8: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 9: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 10: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 11: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 12: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 13: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 14: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 15: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 16: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 17: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 18: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 19: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 20: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 21: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 22: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 23: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 24: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 25: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 26: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Photo 27: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168460
Bedrooms:
4
Bathrooms:
3
Year Built:
2024
Beautiful brand new home just completed in Rangeview! This gorgeous home comes with a main floor den and full bath, kitchen upgrades galore, a west facing back yard, and a perfect vicinity to the community of Seton and all its amenities. This home can also qualify for the amazing "Effortless" quick possession promo! From the attached two-car garage, step inside to find a spacious and thoughtfully designed layout. The main floor features a versatile bedroom and a convenient three-piece bath—ideal for guests or a home office. At the heart of the home is the open-concept kitchen, nook, and great room. The kitchen is a chef’s delight, complete with full-height cabinets, a large island with a breakfast bar, built-in microwave, chimney hood fan, walk-in pantry, and elegant quartz countertops. Cozy up by the electric fireplace in the great room or enjoy your morning coffee on the rear deck, soaking in the peaceful surroundings. Upstairs, you’ll find even more to love. The second floor features a convenient laundry room, a three-piece main bath, and two spacious secondary bedrooms, each with its own walk-in closet. The bonus room offers endless possibilities, whether you need a play area, home office, or media room. Retreat to the large master suite, which includes a luxurious five-piece ensuite with double sinks, a soaker tub, a glass-enclosed shower, and a large walk-in closet. Rangeview’s unbeatable location offers easy access to Seton’s YMCA, the South Health Campus, established schools, and plenty of retail options. This community is perfect for growing families, first-time buyers, and seasoned homeowners alike. Don’t miss out on the opportunity to make this exceptional home yours! Contact us today to schedule a viewing and take the next step toward owning your dream home.
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:
2,361 sq. ft.
Main Level Finished Area:
1,021 sq. ft.
Upper Level Finished Area:
1,340 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,209 sq. ft.
Lot Frontage:
29'2"
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Below Grade
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
2211505
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway, Garage Faces Front
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Electric Dryer Hookup, Laundry Room, Upper Level, Washer Hookup
Rangeview
Dishwasher, Electric Range, Garage Control(s), Microwave, Range Hood, Refrigerator
N/A
Call Lister
Floor
Type
Size
Other
Main Floor
Entrance
0' × 0'
Main Floor
Bedroom
9'8" × 8'
Main Floor
Kitchen
19' × 11'8"
Main Floor
Pantry
0 × 0
Main Floor
Nook
15' × 11'
Main Floor
Great Room
17' × 12'
2nd Floor
Bonus Room
17'2" × 14'
2nd Floor
Bedroom
12' × 9'8"
2nd Floor
Walk-In Closet
0' × 0'
2nd Floor
Bedroom
13' × 11'
2nd Floor
Walk-In Closet
0' × 0'
2nd Floor
Laundry
0' × 0'
2nd Floor
Bedroom - Primary
17'4" × 13'
2nd Floor
Walk-In Closet
0 × 0
Floor
Ensuite
Pieces
Other
Main Floor
No
3
0' x 0'
2nd Floor
No
3
2nd Floor
Yes
5
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar, Double Vanity, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Soaking Tub, Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Level, Rectangular Lot, Zero Lot Line
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Sep 26, 2024
Days on Mkt:
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  • Photo 7: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Walk In Pantry
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  • Photo 12: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Front Entry
  • Photo 13: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Main Floor Full Bath
  • Photo 14: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Master Bedroom
  • Photo 15: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Master Bedroom
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  • Photo 18: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Huge Walk in Closet
  • Photo 19: 55 Mallard Heath SE in Calgary: C-390 Detached for sale : MLS®# A2168460
    Oversized Laundry Room
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Listed by CIR Realty
Data was last updated November 16, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$687,400
Min list price:
$522,953
Max list price:
$899,990
Avg days on market:
38
Min days on market:
9
Max days on market:
165
Avg price per sq.ft.:
$382.9
These statistics are generated based on the current listing's property type and located in C-390. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706