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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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224 Whitefield Drive NE
Whitehorn Calgary T1Y 5J2

$569,888
Residential beds: 5 baths: 3.0 1,115 sq. ft. built: 1979

Main Photo: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 1: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 2: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 3: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 4: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 5: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 6: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 7: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 8: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 9: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 10: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 11: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 12: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 13: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 14: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 15: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 16: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 17: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 18: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 19: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 20: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 21: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 22: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 23: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 24: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 25: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Photo 26: 224 Whitefield Drive NE in Calgary: Whitehorn Detached for sale : MLS®# A2161627
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161627
Bedrooms:
5
Bathrooms:
3
Year Built:
1979
Run - don’t walk - as you don’t want to miss out on this amazing home in Whitehorn. This cozy 4 level split features 3 bedrooms upstairs and 2 bedrooms downstairs and 3 full bathrooms. The kitchen on main level is nicely updated with sleek white cabinets and a separate eating area. This home is ideally located close to all amenities, including schools and playgrounds nearby. As an added bonus, it’s near every mode of transportation and within walking distance of Whitehorn station. This home will make a great family home and/or investment home. It has a separate entry to the fully finished lower levels including a kitchenette and separate laundry area. The main level also has a spacious living room area right next to the kitchen. Step up a few steps to be welcomed to the 3 bedroom areas and 2 full bathrooms keeping it separate and private from the main living area. Outside, you will enjoy the big sized back yard and enjoying afternoon tea on your private deck. Don’t delay, contact your favourite realtor and book your private showing today.
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:
1,115.4 sq. ft.
Main Level Finished Area:
537.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
798 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,607 sq. ft.
Lot Frontage:
42'
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:
Ground
Levels:
4 Level Split
Total Rooms Above Grade:
6
Year built:
1979 (Age: 45)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
7910915
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Concrete, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Brick Facing, None, Other
Garage:
0
Parking:
Gravel Driveway, Off Street, On Street, Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Kitchen, Laundry Room, Lower Level, Main Level
Whitehorn
Dishwasher, Electric Stove, Range Hood, Refrigerator, Washer, Washer/Dryer, Washer/Dryer Stacked
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
17'2" × 11'10"
Main Floor
Entrance
4'4" × 4'4"
Main Floor
Kitchen
13'2" × 9'1"
Main Floor
Laundry
5'8" × 4'4"
Main Floor
Dining Room
10'9" × 9'
Upper Level
Bedroom
9'3" × 8'2"
Upper Level
Bedroom
10'1" × 9'2"
Upper Level
Bedroom - Primary
13'10" × 11'11"
Lower Level
Kitchenette
9'9" × 7'6"
Lower Level
Family Room
17'11" × 16'5"
Lower Level
Bedroom
8'10" × 7'4"
Lower Level
Walk-In Closet
7'7" × 5'7"
Lower Level
Laundry
11'1" × 7'4"
Lower Level
Bedroom - Primary
24'2" × 11'7"
Lower Level
Storage
10'1" × 3'
Floor
Ensuite
Pieces
Other
Upper Level
No
4
5' x 7'6"
Upper Level
Yes
4
4'11" x 7'6"
Lower Level
No
3
7'6" x 4'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Street Lights
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Private Entrance, Storage
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Front Yard
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C2
Listed Date:
Aug 29, 2024
Days on Mkt:
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Listed by KIC Realty
Data was last updated September 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$575,000
Min list price:
$179,997
Max list price:
$699,999
Avg days on market:
16
Min days on market:
1
Max days on market:
154
Avg price per sq.ft.:
$515.28
These statistics are generated based on the current listing's property type and located in Whitehorn. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706