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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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96 Redstone Villas NE
Redstone Calgary T3N 0M4

$919,900
Residential beds: 6 baths: 5.0 2,509 sq. ft. built: 2013

Main Photo: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 1: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 2: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 3: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 4: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 5: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 6: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 7: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 8: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 9: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 10: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 11: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 12: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 13: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 14: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 15: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 16: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 17: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 18: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 19: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 20: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 21: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 22: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 23: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 24: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 25: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 26: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 27: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 28: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 29: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 30: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 31: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 32: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 33: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 34: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 35: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 36: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 37: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 38: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 39: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 40: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 41: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 42: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Photo 43: 96 Redstone Villas NE in Calgary: Redstone Detached for sale : MLS®# A2151165
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2151165
Bedrooms:
6
Bathrooms:
5
Year Built:
2013
Welcome to a beautiful and bright house located in one of the most desirable communities in NE, Redstone. This house offers 6 Bedrooms | 5 Full Bathrooms in total and an office (which can be used as a bedroom) on the main floor. A standout feature of this house is a separate entrance brand new 2 ILLEGAL suites in the basement, that can significantly ease mortgage costs. This house is loaded with upgrades and ton of features. a layout suitable for a large family or those who need ample space for various uses. Hardie exterior makes this house stand out in the neighbourhood and it has heated double car garage. As you step inside, you are greeted by a spacious and bright foyer which leads you to main floor with 9ft ceiling and band new vinyl flooring, an office and custom build full 3PC full bathroom. Upgraded kitchen which offers stainless steel appliances and brand-new gas range with huge granite centre island. A spacious living room and a dining area flooded with natural light offered by big size triple pane windows and living area also has a gas fireplace and sound system installed. Stepping outside onto the deck which has a privacy glass for your BBQ parties along with aspen trees in the backyard and a nice tool shed. The upper level has newly upgraded Artian carpet with 9lb Premium Underlay Memory Foam/Spill Guard. With massive bonus area installed with sound system, upper level has 4 bedrooms, 2 Full bath and descent size laundry. Primary retreat with 5pc ensuite, large size triple pane windows with Hunter Douglas Blinds offers mountain view and huge size walk-in closet. This house is equipped with central air conditioning along with two separate furnaces, 3 zone-controlled sound system, Water-Filtration, Water Softener, Surveillance cameras (NVR not included). All major amenities are close by, walking distance to bus stop and park, easy access to Metis trail, Stony trail and Deerfoot, 10 minutes drive to CrossIron Mills and Airport. DON’T MISS IT OUT.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey
Total Living Area:
2,508.61 sq. ft.
Main Level Finished Area:
1,063.74 sq. ft.
Upper Level Finished Area:
1,444.87 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
982.79 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,197 sq. ft.
Lot Frontage:
35'7¼"
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Below Grade
Levels:
Two
Total Rooms Above Grade:
10
Year built:
2013 (Age: 11)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
5.0 (Full:5, Half:0)
Plan:
1211103
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Post & Beam, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
See Remarks, Upper Level
HOA Fee:
$126.00
Redstone
Other
Central Air Conditioner, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Washer/Dryer, Washer/Dryer Stacked, Water Purifier, Water Softener, Window Coverings
none
None Known
Floor
Type
Size
Other
Main Floor
Foyer
7'7" × 6'8"
Main Floor
Office
13'10" × 11'5"
Main Floor
Kitchen
14'10" × 11'10"
Main Floor
Dining Room
11'10" × 11'
Main Floor
Living Room
15' × 13'3"
Upper Level
Bedroom - Primary
15'2" × 13'3"
Upper Level
Bedroom
15'9" × 9'11"
Upper Level
Walk-In Closet
11'6" × 9'9"
Upper Level
Bedroom
13'5" × 9'11"
Upper Level
Bedroom
11'6" × 10'9"
Upper Level
Bonus Room
16'1" × 14'8"
Upper Level
Laundry
6'7" × 6'
Basement
Game Room
15'7" × 15'4"
Basement
Kitchen
13'6" × 8'3"
Basement
Bedroom
10'3" × 9'
Basement
Bedroom
9'11" × 9'1"
Basement
Den
9'7" × 7'10"
Basement
Furnace/Utility Room
11'5" × 7'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
8'3" x 5'6"
Upper Level
Yes
5
11'6" x 10'5"
Upper Level
No
5
10'2" x 8'2"
Basement
No
4
5' x 8'
Basement
No
4
10'1" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Central Vacuum, Chandelier, Double Vanity, Granite Counters, Kitchen Island, No Animal Home, Pantry, Separate Entrance, Wet Bar
Exterior Features:
Private Yard, Rain Gutters, Storage
Patio And Porch Features:
Patio
Lot Features:
Back Yard, Few Trees, Lawn, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-1N
Listed Date:
Jul 23, 2024
Days on Mkt:
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    main floor living area
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    Dinning
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    Main floor Office/BedRoom
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    Main Floor Bath
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    Bonus Room
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    Primary bedroom
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    Walk-in closet
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    2nd Bedroom
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    3rd Bedroom
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    4th Bedroom
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    5PC bath
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    Upper level Laundry
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    Basement Common Laundry
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    Basement Kitchen
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    Bsmt bedroom 1
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    Bsmt bed 2
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    Bsmt bath 1
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    Bachelor studio
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    Bachelor studio bath
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Virtual Tour

Listed by MaxWell Central
Data was last updated September 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$655,000
Min list price:
$408,000
Max list price:
$999,900
Avg days on market:
21
Min days on market:
1
Max days on market:
104
Avg price per sq.ft.:
$366.7
These statistics are generated based on the current listing's property type and located in Redstone. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706