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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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517 28 Avenue NW
Mount Pleasant Calgary T2M 2K9

$2,300,000
Residential beds: 6 baths: 5.0 3,190 sq. ft. built: 2023

Main Photo: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 1: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 2: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 3: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 4: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 5: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 6: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 7: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 8: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 9: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 10: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 11: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 12: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 13: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 14: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 15: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 16: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 17: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 18: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 19: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 20: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 21: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 22: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 23: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 24: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 25: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 26: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 27: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 28: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 29: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 30: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 31: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 32: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 33: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 34: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 35: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 36: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 37: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 38: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 39: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 40: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 41: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 42: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 43: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 44: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 45: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 46: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 47: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 48: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 49: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Photo 50: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2099973
Bedrooms:
6
Bathrooms:
5
Year Built:
2023
This remarkable residence embodies the pinnacle of luxury living and smart home technology, meticulously crafted by the renowned design firm Mercedes and Singh. This iconic home invites you to explore the epitome of urban elegance and is Calgary's freshest, luxurious inner-city sanctuary & is ready to be yours Summer 2024. This picturesque home welcomes you with a striking entryway, unveiling the floor above. The main floor offers a versatile office/flex room for your convenience, a tasteful powder room, a practical mudroom, & a living room adorned with a bespoke feature wall & a cozy gas fireplace. The interior seamlessly connects with the outdoors through expansive, sunlit windows & glass doors that beckon you to the private rear deck & yard. For the culinary enthusiast, the chef-inspired kitchen is nothing short of a dream. Adorned with custom cabinetry, a generous island graced with quartz countertops & an ingeniously designed walkthrough butler's pantry that effortlessly leads to the formal dining area, adding an extra layer of convenience to your lifestyle. A barrier free elevator also makes accessing all levels easy and hassle free. Ascend to the second level of this magnificent home via the custom staircase, & the charm continues to unfold, catering to families at every stage of life. Impeccably designed, this level boasts four bedrooms, including not one but two primary bedrooms, each graced with its own spacious walk-in closet & luxurious ensuite bathroom. The southern bedroom also features it’s own private balcony overlooking the rear yard. The two additional bedrooms are thoughtfully appointed & conveniently share access to another full bathroom. But that's not all; practicality meets luxury with elevator access & a dedicated second-level laundry room, ensuring every need is met effortlessly. Descend to the lower level, where you'll discover a full legal suite with two generously sized bedrooms, accompanied by a well-appointed full bathroom & storage room. For added convenience, a second laundry room has been thoughtfully included, making daily tasks easy & efficient. But the true gem of this level is the expansive recreation room & charming kitchenette. Elevator access is also seamlessly integrated, ensuring both practicality & luxury blend effortlessly. The outside continue to impress with a large rear deck, detached triple garage & one of a kind finishes, including the custom aluminum front facade that instantly transforms this home into an architectural masterpiece. As the name of this home implies, this stunning residence is located close to Confederation Park where you can enjoy peaceful walks daily. It’s also located in the desirable community of Mount Pleasant which means that everything is conveniently located including shopping, schools & restaurants. This beautiful home also provides easy access to SAIT, U of C, The Children's Hospital, Foothills Hospital & easy access to the LRT, Highway 1 & Deerfoot Trail.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
3,190 sq. ft.
Main Level Finished Area:
1,601 sq. ft.
Upper Level Finished Area:
1,588 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,468 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,069 sq. ft.
Lot Frontage:
42'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2023 (Age: 1)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
3955R
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Metal Siding, See Remarks, Wood Frame
Structure Type:
House
Roof:
Flat Torch Membrane
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
3
Parking:
In Garage Electric Vehicle Charging Station(s), Plug-In, See Remarks, Triple Garage Detached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
In Basement, See Remarks, Upper Level
Mount Pleasant (Calgary)
Central Air Conditioner, Dishwasher, Electric Cooktop, Garage Control(s), Refrigerator, Stove(s)
N/A
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
20'1" × 15'
Main Floor
Dining Room
16'1" × 11'2"
Main Floor
Living Room
22'8" × 16'8"
Main Floor
Office
11' × 8'4"
Main Floor
Atrium
14' × 9'3"
Main Floor
Mud Room
8'5" × 6'
Upper Level
Laundry
8'7" × 5'9"
Upper Level
Balcony
11'1" × 4'
Upper Level
Bedroom - Primary
18'4" × 10'2"
Upper Level
Bedroom
15'10" × 10'10"
Upper Level
Bedroom
10'11" × 9'8"
Upper Level
Bedroom
11'2" × 9'8"
Basement
Furnace/Utility Room
11'2" × 11'
Basement
Bedroom
16' × 12'4"
Basement
Bedroom
15'3" × 13'6"
Basement
Kitchen With Eating Area
21'7" × 19'7"
Basement
Laundry
6'3" × 4'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
Upper Level
No
4
0' x 0'
Upper Level
Yes
5
0' x 0'
Upper Level
Yes
4
0' x 0'
Basement
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Closet Organizers, Double Vanity, Elevator, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, See Remarks, Separate Entrance, Skylight(s), Soaking Tub, Storage, Walk-In Closet(s), Wet Bar
Exterior Features:
Other, Private Yard
Patio And Porch Features:
Balcony(s), Deck
Lot Features:
Back Lane, Low Maintenance Landscape, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C2
Listed Date:
Jan 12, 2024
Days on Mkt:
  • Photo 1: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
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  • Photo 2: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
    Beautiful tree lined street
  • Photo 3: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
    front exterior render
  • Photo 4: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
    steps to confederation park!
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    confederation park is just steps away!
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    rear aspect of property
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    expansive front foyer
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    open concept living
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    large kitchen with huge stone counter island
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    custom fabricated feature wall with gas fireplace
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  • Photo 25: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
    main floor bathroom
  • Photo 26: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
    main floor office/flex room
  • Photo 27: 517 28 Avenue NW in Calgary: Mount Pleasant Detached for sale : MLS®# A2099973
    dining room with custom details
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    primary bedroom
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    primary ensuite
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    primary walk-through closet
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    legally suited basement
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    stunning triple detached garage

Virtual Tour

Listed by Real Broker
Data was last updated September 20, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$912,450
Min list price:
$209,990
Max list price:
$2,999,900
Avg days on market:
33
Min days on market:
1
Max days on market:
251
Avg price per sq.ft.:
$523.51
These statistics are generated based on the current listing's property type and located in Mount Pleasant. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706