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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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168 Castlegreen Close NE
Castleridge Calgary T3J 1Y6

$529,000
Residential beds: 3 baths: 2.0 1,132 sq. ft. built: 1981

Main Photo: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 1: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 2: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 3: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 4: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 5: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 6: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 7: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
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Photo 41: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 42: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Photo 43: 168 Castlegreen Close NE in Calgary: Castleridge Detached for sale : MLS®# A2160130
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160130
Bedrooms:
3
Bathrooms:
2
Year Built:
1981
Welcome to this well-maintained, north-facing 2-storey home located in the heart of Castleridge. Boasting a range of great upgrades, this property offers comfortable and inviting living spaces perfect for families.On the main floor, you’ll find a cozy living room, a functional kitchen, and a dining area that opens up to your private backyard—ideal for relaxing or entertaining. Upstairs, the large primary bedroom is filled with natural light, featuring bright windows and a spacious closet. Two additional bedrooms and a full bathroom complete the upper level, providing ample space for the whole family.The unfinished basement, with a convenient side entrance, is a blank canvas waiting for your creative touch to transform it into the space of your dreams.Located within close proximity to schools, the Dashmesh Culture Centre, and Superstore, this home is perfectly situated for easy access to all the amenities you need.Don’t miss out on this fantastic opportunity—call your favorite realtor today to book a showing!
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:
1,132 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,992 sq. ft.
Lot Frontage:
29'11⅞"
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:
5
Year built:
1981 (Age: 43)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
8111020
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
Castleridge
Dishwasher, Dryer, Electric Stove, Microwave Hood Fan, Refrigerator, Washer
n/a
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
13'11" × 12'
Main Floor
Living Room
17'6" × 15'
Upper Level
Bedroom
13'10" × 9'1"
Upper Level
Bedroom
10'1" × 8'
Upper Level
Bedroom - Primary
12'9" × 10'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'11" x 5'
Upper Level
No
4
8'8" x 6'10"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
No Animal Home, No Smoking Home, Separate Entrance
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C2
Listed Date:
Aug 23, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by PREP Realty
Data was last updated September 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$599,000
Min list price:
$449,000
Max list price:
$1,099,999
Avg days on market:
29
Min days on market:
6
Max days on market:
50
Avg price per sq.ft.:
$476.65
These statistics are generated based on the current listing's property type and located in Castleridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706