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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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166 Setonstone Green SE
Seton Calgary T3M 3S1

$1,187,900
Residential beds: 3 baths: 4.0 2,268 sq. ft. built: 2022

Main Photo: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 1: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 2: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 3: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 4: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 5: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 6: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 7: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 8: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 9: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 10: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 11: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 12: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 13: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 14: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Photo 15: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2149978
Bedrooms:
3
Bathrooms:
4
Year Built:
2022
**SHOW HOME ALERT!**LEASEBACK**VERIFIED Jayman BUILT Show Home! ** Great & rare real estate investment opportunity**Start earning money right away**Jayman BUILT will pay you monthly 6% (annual) rate return to use this home as their full time show home**PROFESSIONALLY DECORATED with all of the bells and whistles you will immediately be impressed by Jayman BUILT's brand new "JAKE 26" Signature Home located in the the highly walkable and sought after community of Seton. If you enjoy entertaining, want to live in an amazing new floor plan and enjoy offering ample space for all who visit, than this is the home for you! Immediately fall in love as you enter, offering over 3000+SF of true craftsmanship and beauty! Luxurious hardwood flooring invites you into a lovely open floor plan featuring an amazing GOURMET kitchen boasting elegant QUARTZ counters, sleek stainless steel KitchenAid built-in appliance package with a 36" gas cook top, counter depth refrigerator with French door with internal water & ice maker, built-in microwave and 30" built-in wall oven. An amazing 2 storey floor plan with a MAIN FLOOR OFFICE, quietly transitioning to the expansive kitchen that boasts a generous walk-thru pantry and centre island that overlooks the amazing living area with a lovely 10x8 patio door that open up nicely to your 12x12 covered patio with feature gas fireplace. The upper level offers you an abundance of space to suit any lifestyle with over 1200SF alone. THREE BEDROOMS with the beautiful Primary Suite boasting Jayman BUILT's luxurious en suite including dual vanities, gorgeous SOAKER TUB & STAND ALONE SHOWER. Thoughtfully separated past the pocket door you will discover the spacious walk-in closet offering a lovely amount of space. A stunning centralized Bonus room with vaulted ceilings separating the Primary wing with the the additional bedrooms and a spacious Main Bath to complete the space. A beautiful open to below feature adds an elevated addition to this home. The FULLY FINISHED BASEMENT IS WHERE ALL THE FUN & EXCITEMENT HAPPENS! DISCOVER A HIDDEN ROOM WITH FIREPLACE, games and media area with wet bar and half bath. Truly unique and one of a kind! ADDITIONAL FEATURES: professionally designed color palette, open to above at front entry with 20ft ceiling, Air conditioning, window coverings and wallpaper included (The wallpaper is amazing!!). This lovely home presenting the Farmhouse Elevation has been completed in Jayman's PLUS Fit & Finish along with Jayman's reputable CORE PERFORMANCE. 10 Solar Panels, BuiltGreen Canada standard, with an EnerGuide Rating, UV-C Ultraviolet Light Air Purification System, High Efficiency furnace with Merv 13 Filters & HRV Unit, Navien-Brand Tankless Hot Water Heater, Triple Pane Windows & Smart Home Technology Solutions. Terrific amenities outside your door - Live healthy with an unrivaled community experience, from work to working out, dining to shopping, studying to a movie night. Enjoy New urbanity, welcome to Seton!
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:
2,268.41 sq. ft.
Main Level Finished Area:
976.49 sq. ft.
Upper Level Finished Area:
1,291.92 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
754.44 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,695 sq. ft.
Lot Frontage:
34'1½"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Floor Location:
Ground
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2022 (Age: 2)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:2, Half:2)
Plan:
2212020
Electricity:
Photovoltaics Seller Owned
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Jayman BUILT
New Constr.:
Yes
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Other
Water Supply:
Public
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Enclosed, Garage Faces Front
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$375.00
Seton
Park, Playground
Built-In Oven, Dishwasher, Dryer, Garage Control(s), Gas Cooktop, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
N/A
Restrictive Covenant-Building Design/Size
Floor
Type
Size
Other
Main Floor
Great Room
13' × 12'
Main Floor
Dining Room
13' × 12'10"
Main Floor
Kitchen
13'5" × 12'
Main Floor
Office
6'9" × 5'4"
Main Floor
Pantry
7'6" × 5'
Upper Level
Bonus Room
14'4" × 13'
Upper Level
Walk-In Closet
9'10" × 9'
Upper Level
Walk-In Closet
5'10" × 5'1"
Upper Level
Laundry
9'9" × 5'9"
Upper Level
Bedroom
11'10" × 9'3"
Upper Level
Bedroom
11'10" × 9'3"
Upper Level
Bedroom - Primary
13'4" × 13'
Upper Level
Walk-In Closet
5'9" × 5'2"
Upper Level
Walk-In Closet
5'5" × 5'5"
Basement
Game Room
12'4" × 11'6"
Basement
Media Room
11'11" × 11'1"
Basement
Other
12'4" × 9'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'8" x 5'10"
Upper Level
Yes
5
12' x 12'8"
Upper Level
No
4
5'3" x 12'
Basement
No
2
5'3" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Double Vanity, High Ceilings, Kitchen Island, Low Flow Plumbing Fixtures, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Smart Home, Tankless Hot Water, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Jul 16, 2024
Days on Mkt:
  • Photo 1: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
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  • Photo 4: 166 Setonstone Green SE in Calgary: Seton Detached for sale : MLS®# A2149978
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Listed by Jayman Realty Inc.
Data was last updated November 11, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
91
Avg list price:
$484,010
Min list price:
$250,000
Max list price:
$1,187,900
Avg days on market:
24
Min days on market:
2
Max days on market:
154
Avg price per sq.ft.:
$421.04
These statistics are generated based on the current listing's property type and located in Seton. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706