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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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1170 Kildeer Close
NONE Didsbury T0M 0W0

$406,500
Residential beds: 4 baths: 2.0 1,227 sq. ft. built: 2005

Main Photo: 1170 Kildeer Close: Didsbury Detached for sale : MLS®# A2137722
Photo 1: 1170 Kildeer Close: Didsbury Detached for sale : MLS®# A2137722
Photo 2: 1170 Kildeer Close: Didsbury Detached for sale : MLS®# A2137722
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Photo 34: 1170 Kildeer Close: Didsbury Detached for sale : MLS®# A2137722
Status:
Sold
Sold Date:
Jun 25, 2024
Listed Price:
$415,000
Sold Price:
$406,500
Sold in:
22 days
Prop. Type:
Residential
MLS® Num:
A2137722
Bedrooms:
4
Bathrooms:
2
Year Built:
2005
**Open House Canceled as Seller accepted an Offer** |Discover small town living in this charming and affordable 4-bedroom, walkout bi-level situated on a quiet cul-de-sac in Didsbury. This charming residence offers an open-concept layout with a delightful country-living feel, enhanced by large, bright windows and high ceilings featuring a skylight. The kitchen is equipped with new appliances and flows seamlessly into the living areas. Enjoy the comfort of central air conditioning and the security of a built-in fire system operated by Omega Shield. The spacious master bedroom comfortably accommodates a king-size bed and boasts a 4pc ensuite bathroom. Two additional generously sized bedrooms complete the upper level. The lower level walk-out leads to a large family recreation room, perfect for gatherings. Outside, the expansive backyard features a covered lower patio, trees and offers ample space for a future garage. Currently, there is parking in the alleyway or street parking in front of the home. Conveniently located within walking distance to Bethany Care Centre and Didsbury High School, this home is perfect for families seeking both comfort and convenience. Life outside the city is calling! Call your favourite realtor and book a showing today.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Negotiable
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,227 sq. ft.
Main Level Finished Area:
1,227 sq. ft.
Below Grade Finished Area:
1,096 sq. ft.
Taxes:
$2,455 / 2023
Lot Area:
5,000 sq. ft.
Lot Frontage:
49'3"
Front Exposure:
South
Levels:
Bi-Level
Total Rooms Above Grade:
6
Year built:
2005 (Age: 19)
Bedrooms:
4
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0510306
Heating:
Central, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Aluminum Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Alley Access, Off Street, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Lower Level
NONE
Central Air Conditioner, Dishwasher, Microwave Hood Fan, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Both outdoor sheds
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
12'4" × 11'4"
Main Floor
Living Room
15' × 12'4"
Main Floor
Kitchen
12'4" × 10'3"
Main Floor
Bedroom - Primary
13'2" × 12'2"
Main Floor
Bedroom
10'5" × 9'7"
Main Floor
Bedroom
11'4" × 10'1"
Lower Level
Family Room
19'2" × 15'8"
Lower Level
Game Room
19'5" × 12'1"
Lower Level
Bedroom
18'4" × 12'8"
Lower Level
Laundry
15'8" × 11'4"
Lower Level
Storage
10'6" × 6'4"
Lower Level
Furnace/Utility Room
7'7" × 6'6"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
4'10" x 8'4"
Main Floor
No
4
4'10" x 8'1"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
High Ceilings, Skylight(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Balcony(s)
Lot Features:
Back Lane, Back Yard, Cul-De-Sac, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Mountain View County
Zoning:
RC-2
Listed Date:
Jun 03, 2024
Days on Mkt:
22
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Listed by RE/MAX Real Estate (Mountain View)
Data was last updated June 27, 2024 at 08:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706