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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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7135 Temple Drive NE
Temple Calgary T1Y 4Z4

$674,000
Residential beds: 5 baths: 4.0 1,077 sq. ft. built: 2010

Main Photo: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 1: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 2: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 3: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 4: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 5: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 6: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 7: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 8: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 9: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 10: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
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Photo 13: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
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Photo 16: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Photo 17: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
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Photo 20: 7135 Temple Drive NE in Calgary: Temple Detached for sale : MLS®# A2156570
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2156570
Bedrooms:
5
Bathrooms:
4
Year Built:
2010
Welcome to your new home - 4 Level Split in Temple - Walkout Basement Suite (illegal). 1077 SF above grade and 2040 total living space. This home features a total of 5 bedrooms, 4 bathrooms, 2 kitchens, 2 laundry rooms and a double detached garage. This home is ideal for a large family, or if your in the market for an investment property. Live up, rent down, rent both, or bask in the entire house. Upstairs features a 3 bedroom 2 bath home with open concept design, plenty of windows to boast the natural sunlight, positive vibes all around. A separate walkout entrance from the back to the 2 bedroom, 2 bath suite (illegal) offers even more space and comfort for whatever your needs are. Don't forget, 2 separate laundry rooms available in this home. Conveniently located on Temple Drive, with walking distance to 52 Street, Calgary Transit, 7-11, plaza, schools and so much more. Private fenced backyard and double detached garage and deck along the side of the house complete this amazing home. Do not pass up this opportunity, call your favorite realtor today and book a viewing.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
4 Level Split
Total Living Area:
1,077.45 sq. ft.
Main Level Finished Area:
1,077.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
963.45 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,370 sq. ft.
Lot Frontage:
46'3⅛"
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:
South
Reg. Size:
Reg. Size Includes:
Floor Location:
Below Grade
Levels:
4 Level Split
Total Rooms Above Grade:
6
Year built:
2010 (Age: 14)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:2, Half:2)
Plan:
7910737
Heating:
Central, Natural Gas
Basement:
Separate/Exterior Entry, Full, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Alley Access, Single Garage Detached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Laundry Room, Multiple Locations
Temple
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'3" × 12'9"
Main Floor
Kitchen
13'4" × 12'2"
Main Floor
Dining Room
15'1" × 5'11"
Upper Level
Bedroom - Primary
13'10" × 12'10"
Upper Level
Bedroom
13'11" × 7'2"
Upper Level
Bedroom
10'1" × 8'11"
Lower Level
Bedroom - Primary
13'9" × 10'8"
Lower Level
Bedroom
15'11" × 9'7"
Lower Level
Kitchen
11'9" × 11'8"
Lower Level
Living Room
19'3" × 14'11"
Floor
Ensuite
Pieces
Other
Upper Level
Yes
2
4'3" x 4'11"
Upper Level
No
4
7'10" x 4'10"
Lower Level
No
2
8'7" x 6'4"
Lower Level
Yes
4
6'6" x 7'3"
Title to Land:
Fee Simple
Community Features:
Other, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
Other
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C1
Listed Date:
Aug 22, 2024
Days on Mkt:
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Listed by Real Estate Professionals Inc.
Data was last updated September 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
20
Avg list price:
$509,050
Min list price:
$329,900
Max list price:
$749,000
Avg days on market:
32
Min days on market:
3
Max days on market:
119
Avg price per sq.ft.:
$455.6
These statistics are generated based on the current listing's property type and located in Temple. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706