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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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67 Inverness Gardens SE
McKenzie Towne Calgary T2Z 2W9

$550,000
Residential beds: 3 baths: 3.0 1,669 sq. ft. built: 1996

Main Photo: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 1: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 2: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 3: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 4: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 5: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 6: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 7: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 8: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 9: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 10: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 11: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 12: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 13: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 14: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 15: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 16: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 17: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 18: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 19: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 20: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 21: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 22: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 23: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 24: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 25: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 26: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 27: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 28: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 29: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 30: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 31: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 32: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 33: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Photo 34: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178620
Bedrooms:
3
Bathrooms:
3
Year Built:
1996
OPEN HOUSE Friday 3-6pm • 3 BEDROOMS | 2.5 BATHROOMS | OVERSIZED GARAGE | 1669 SQ FEET • Located on a MATURE TREE-LINED street, this lovely home on a small & quaint circle facing the CENTRAL GREEN SPACE & PLAYGROUND offers an unbeatable location that is walkable yet tucked away from the bustle of cars & the smaller lots in this highly desired & family-friendly community. With McKenzie Highlands School (Grades 4-9), Elgin Sledding Hill & Park, Inverness Gazebo & the Shops of High Street all within walking distance, it’s a dream setting for families. Step onto the quintessential front VERANDA with a view of the park & enjoy peace of mind as the kids play safely right out front. The VAULTED foyer greets you with abundant NATURAL LIGHT, leading into a spacious & VERSATILE layout. The main floor offers a large living room, formal dining room & an open-concept kitchen/family room complete with a center island, dining area perfect for family gatherings & a cozy sitting area in front of the gas FIREPLACE. A convenient side entrance features a large walk-in closet, powder room & main floor laundry for added functionality. Upstairs, you’ll find two bedrooms plus a primary suite with a FULL 4-PIECE ENSUITE bathroom & walk-in closet. The lower level offers even more space with a recreation room, a flex room & a workshop area—plus plenty of unfinished space to customize as you like. Outside, the oversized lot is perfect for creating your dream backyard oasis. There’s loads of room for gardening, kids to play & entertaining on the sizable deck. The OVERSIZED GARAGE off the PAVED alley provides extra storage & parking convenience. Enjoy all the perks of McKenzie Towne, including vibrant shops, restaurants, grocery, transportation & all essential amenities, parks & pathways. Larger shopping areas of 130th & Seton, South Hospital, are a 5 min drive away with quick access to Deerfoot & Stoney Trail/22x. This home is ready for you to add your personal touch—bring your vision to life and make it your own! A fantastic family home with endless potential in a prime location. Other notable improvements include the Full Replacement of POLY-B Water Pipes (2022), Roof (2019) & New Hot Water Tank (2023). Be sure to view the 3D Tour!
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:
1,669 sq. ft.
Main Level Finished Area:
896 sq. ft.
Upper Level Finished Area:
773 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
806 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,241 sq. ft.
Lot Frontage:
26'10¾"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
1996 (Age: 28)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
9512524
Heating:
Forced Air
Basement:
Finished, Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Family Room, Gas, Kitchen
Garage:
1
Garage Spaces:
1
Parking:
Alley Access, Garage Faces Rear, Oversized, Paved, Rear Drive, Single Garage Detached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Laundry Room, Main Level
HOA Fee:
$226.00
McKenzie Towne
Clubhouse, Day Care, Dog Park, Gazebo, Park, Parking, Party Room, Picnic Area, Playground, Recreation Facilities, Recreation Room
Dishwasher, Electric Stove, Garage Control(s), Microwave, Refrigerator, Washer/Dryer
NA
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
12'6" × 8'10"
Main Floor
Family Room
19' × 12'7"
Main Floor
Kitchen
17'6" × 8'5"
Main Floor
Living Room
13'8" × 12'5"
Main Floor
Laundry
7'10" × 5'7"
2nd Floor
Bedroom
10' × 9'
2nd Floor
Bedroom
12'8" × 12'
2nd Floor
Bedroom - Primary
14'11" × 13'3"
Lower Level
Den
13'4" × 9'9"
Lower Level
Game Room
13'3" × 12'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2nd Floor
No
4
2nd Floor
Yes
4
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Kitchen Island, No Smoking Home, Open Floorplan, Separate Entrance, Walk-In Closet(s)
Exterior Features:
Balcony, Dog Run, Playground, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, Front Porch, Patio
Lot Features:
Back Lane, Back Yard, Backs on to Park/Green Space, Cul-De-Sac, Fruit Trees/Shrub(s), Front Yard, Lawn, Garden, Low Maintenance Landscape, Irregular Lot, Landscaped, Level, Street Lighting, Paved, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 13, 2024
Days on Mkt:
  • Photo 1: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 1 of 34
  • Photo 2: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Main Floor Sunny & Bright! *virtually staged*
  • Photo 3: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    *virtually staged*
  • Photo 4: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    *virtually staged*
  • Photo 5: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Kitchen & Family Room *virtually staged*
  • Photo 6: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Bright & Sunny Kitchen *virtually staged*
  • Photo 7: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 7 of 34
  • Photo 8: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Vaulted Ceilings @ Entrance & Going Upstairs
  • Photo 9: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 9 of 34
  • Photo 10: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Primary Bedroom *virtually staged*
  • Photo 11: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Primary Bedroom *virtually staged*
  • Photo 12: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Primary Ensuite Bath
  • Photo 13: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Tub & Toilet in Water Closet
  • Photo 14: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Bedroom #2 *virtually staged*
  • Photo 15: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Bedroom #3 *virtually staged*
  • Photo 16: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Upper Level Bathroom
  • Photo 17: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Side Entrance
  • Photo 18: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Side Entrance
  • Photo 19: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Main Floor Bathroom & Laundry
  • Photo 20: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Main Floor Laundry
  • Photo 21: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Lower Level
  • Photo 22: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Lower Level Rec Room *virtually staged*
  • Photo 23: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Room (no window)
  • Photo 24: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Basement Room *virtually staged*
  • Photo 25: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Lower Level
  • Photo 26: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 26 of 34
  • Photo 27: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 27 of 34
  • Photo 28: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 28 of 34
  • Photo 29: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 29 of 34
  • Photo 30: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 30 of 34
  • Photo 31: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 31 of 34
  • Photo 32: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 32 of 34
  • Photo 33: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 33 of 34
  • Photo 34: 67 Inverness Gardens SE in Calgary: McKenzie Towne Detached for sale : MLS®# A2178620
    Photo 34 of 34

Virtual Tour

3D Tour

Additional Images

Virtual Tour

Listed by Century 21 PowerRealty.ca
Data was last updated November 16, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$499,900
Min list price:
$290,000
Max list price:
$959,800
Avg days on market:
17
Min days on market:
1
Max days on market:
85
Avg price per sq.ft.:
$385.3
These statistics are generated based on the current listing's property type and located in McKenzie Towne. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706