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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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

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

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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259 Chapalina Terrace SE
Chaparral Calgary T2X 3X5

$681,000
Residential beds: 4 baths: 4.0 2,097 sq. ft. built: 2006

Main Photo: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 1: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 2: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 3: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 4: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 5: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 6: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 7: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 8: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 9: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 10: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 11: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 12: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 13: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 14: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 15: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 16: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 17: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 18: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 19: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 20: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 21: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 22: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 23: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 24: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 25: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 26: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 27: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 28: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 29: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 30: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 31: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Photo 32: 259 Chapalina Terrace SE in Calgary: Chaparral Detached for sale : MLS®# A2153403
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2153403
Bedrooms:
4
Bathrooms:
4
Year Built:
2006
**Property is sold as is, where is, at time of possession. No warranties or representations.** Detached 2 storey family home with full access to all of the amenities of Lake Chapparal! You'll be sure to appreciate everything this desirable Lake Chaparral location has to offer with two schools, playgrounds, parks, and shopping all within walking distance. This 4 bedroom, 3.5 bathroom 2 storey is fully developed on all three levels. The main floor features a thoughtfully designed kitchen with breakfast bar and corner pantry, an adjacent dining area, an inviting living room with gas fireplace, a sunny flex room that makes a perfect den/office area and a 2 pc bathroom. Upstairs you will find a spacious bonus room with tons of natural light, an oversized landing area (that would be perfect for your kid's play space or to do their homework), a convenient laundry room, primary bedroom with 5 piece ensuite bathroom and walk-in closet, two more generous sized bedrooms, and a 4 piece main bathroom. The basement is fully developed with a 4th bedroom, 4 piece bathroom, utility room with ample storage, a family room and a games area. The private backyard with upper deck and lower patio area provides a wonderful outdoor living space. Schedule your private viewing today!
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:
2,096.69 sq. ft.
Main Level Finished Area:
926.45 sq. ft.
Upper Level Finished Area:
1,170.24 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
780 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,391 sq. ft.
Lot Frontage:
40'7¾"
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:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2006 (Age: 18)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0513385
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$376.42
Chaparral
Other
See Remarks
**Property is sold as is, where is, at time of possession. No warranties or representations.**
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
16'11" × 11'3"
Main Floor
Living Room
17' × 13'8"
Main Floor
Dining Room
12'4" × 5'11"
Main Floor
Office
11'6" × 11'4"
Upper Level
Bonus Room
18'10" × 12'10"
Upper Level
Bedroom - Primary
15'3" × 13'9"
Upper Level
Bedroom
12'3" × 10'9"
Upper Level
Bedroom
9'11" × 9'10"
Upper Level
Laundry
6'2" × 5'4"
Upper Level
Den
12'5" × 12'3"
Basement
Family Room
24'11" × 23'10"
Basement
Bedroom
12'1" × 10'10"
Basement
Furnace/Utility Room
14'1" × 8'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'6" x 3'1"
Upper Level
Yes
5
9'9" x 13'
Upper Level
No
4
4'11" x 9'9"
Basement
No
4
7'7" x 7'4"
Title to Land:
Fee Simple
Community Features:
Golf, Lake, Park, Playground
Interior Features:
Built-in Features, Ceiling Fan(s), Granite Counters, Kitchen Island, Pantry, See Remarks, Storage, Walk-In Closet(s)
Exterior Features:
Other
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Yard, Fruit Trees/Shrub(s), Landscaped, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-1
Listed Date:
Jul 30, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated September 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$720,000
Min list price:
$384,000
Max list price:
$2,495,000
Avg days on market:
8
Min days on market:
1
Max days on market:
52
Avg price per sq.ft.:
$396.62
These statistics are generated based on the current listing's property type and located in Chaparral. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706