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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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614 Rangeview Street SE
C-390 Calgary T2X 4G4

$709,900
Residential beds: 4 baths: 4.0 1,820 sq. ft. built: 2024

Main Photo: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 1: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 2: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 3: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 4: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 5: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 6: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 7: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 8: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 9: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 10: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 11: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 12: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 13: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 14: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 15: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 16: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 17: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Photo 18: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173986
Bedrooms:
4
Bathrooms:
4
Year Built:
2024
Discover contemporary elegance in this stunning new TRUMAN built 3-bedroom, 2.5-bathroom home, perfectly situated in the desirable Rangeview community. This residence offers a 1 Bedroom Legal Basement Suite and is just a stone's throw from playgrounds, shopping, and only minutes from Calgary South Health Campus and Stoney Trail. As you enter, you’ll be welcomed by an open concept design that seamlessly blends the bright chef's Kitchen with the Dining and Great Room. The Kitchen features full-height cabinetry, soft-close doors and drawers, a convenient eating bar topped with quartz countertops, stainless steel appliances, and a pantry—perfect for culinary enthusiasts. The main floor boasts 9' ceilings, stylish LVP flooring, a 2-piece bathroom, a mudroom, and a separate side entrance, adding to the home’s functionality. Upstairs, the primary suite impresses with a 4-piece ensuite, and a spacious walk-in closet. The upper floor also features a central bonus room, two additional bedrooms, a full bathroom, and a laundry area for your convenience. The legal basement suite is a fantastic asset, complete with its own private separate entrance, making it ideal for rental income or extended family living. Don't miss out on this incredible opportunity to own a beautiful home in Rangeview. Photo gallery of a similar home, schedule your viewing today!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey, Side by Side
Total Living Area:
1,820 sq. ft.
Main Level Finished Area:
902 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
918 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,620 sq. ft.
Lot Frontage:
23'5"
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:
Unit Exposure:
West
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
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:
2311561
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
Builder:
Truman Homes 1995 Inc
New Constr.:
Yes
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Rangeview
Dishwasher, Electric Range, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
n/a
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'5" × 13'10"
Main Floor
Kitchen
16'9" × 12'5"
Main Floor
Dining Room
12'9" × 11'5"
2nd Floor
Bedroom - Primary
13'10" × 13'3"
2nd Floor
Bonus Room
14'11" × 11'11"
2nd Floor
Bedroom
9'11" × 9'1"
2nd Floor
Bedroom
10'10" × 9'8"
2nd Floor
Laundry
0 × 0
Lower Level
Kitchenette
11'8" × 10'1"
Lower Level
Family Room
20'10" × 12'2"
Lower Level
Bedroom
11'8" × 10'2"
Lower Level
Laundry
0 × 0
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
2nd Floor
Yes
4
0' x 0'
2nd Floor
No
4
Lower Level
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Walking/Bike Paths
Interior Features:
Open Floorplan, Quartz Counters, Separate Entrance
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Oct 18, 2024
Days on Mkt:
  • Photo 1: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Photo 1 of 18
  • Photo 2: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Kitchen
  • Photo 3: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Kitchen
  • Photo 4: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Great Room
  • Photo 5: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Eat Up Bar
  • Photo 6: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Dining area
  • Photo 7: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Bonus Room
  • Photo 8: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Primary Bedroom
  • Photo 9: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Ensuite
  • Photo 10: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Bedroom #2
  • Photo 11: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Bedroom #3
  • Photo 12: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Main Bathroom
  • Photo 13: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Upper Laundry
  • Photo 14: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Lower Level Kitchen
  • Photo 15: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Lower Level Living area
  • Photo 16: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Lower Level Bedroom
  • Photo 17: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Lower Level Full Bathroom
  • Photo 18: 614 Rangeview Street SE in Calgary: C-390 Semi Detached (Half Duplex) for sale : MLS®# A2173986
    Lower Level Laundry
Listed by RE/MAX Real Estate (Central)
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