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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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402 Templeview Drive NE
Temple Calgary T1Y 4L2

$489,900
Residential beds: 4 baths: 2.0 906 sq. ft. built: 1978

Main Photo: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 1: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 2: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 3: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 4: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 5: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 6: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 7: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 8: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 9: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 10: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 11: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 12: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 13: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 14: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 15: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 16: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 17: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 18: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 19: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 20: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 21: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 22: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 23: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 24: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 25: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 26: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 27: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 28: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 29: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 30: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 31: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 32: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 33: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 34: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 35: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 36: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 37: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 38: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Photo 39: 402 Templeview Drive NE in Calgary: Temple Semi Detached (Half Duplex) for sale : MLS®# A2155745
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2155745
Bedrooms:
4
Bathrooms:
2
Year Built:
1978
*OPEN HOUSE OCT 19 12-2PM* Discover the charm and modern updates in this beautifully renovated home on a spacious corner lot in Temple, offering *over 1,800 sq. ft. of living space*. With no condo fees, this semi-detached property is perfect for families or anyone looking for extra space and flexibility. The bright and open kitchen flows effortlessly into a spacious living area, creating an ideal setting for family meals and entertaining. On the main floor, you’ll find two generously sized bedrooms, while the lower level offers two more bedrooms—perfect for guests, family members, or even a home office setup. Each level includes a full bathroom, providing comfort and convenience for busy households. The basement adds even more value with a large rec room, ample storage space, and the potential to transform part of the area into another bedroom or flex room to suit your needs. Outside, this home truly shines. Recent upgrades include new sod, fresh paint, and new concrete steps, while the patio area invites you to unwind or host outdoor gatherings. The corner lot provides added privacy and space—great for kids, pets, or extra parking options. Located in a family-friendly neighbourhood close to schools, parks, and shopping. If you're searching for move-in ready living with room to grow, this property is a fantastic opportunity. Come take a look—this could be the perfect place for you!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level, Up/Down
Total Living Area:
906.1 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,884 sq. ft.
Lot Frontage:
21'2¾"
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:
Entry Level:
1
Levels:
Bi-Level
End Unit:
1 Common Wall
Total Rooms Above Grade:
4
Year built:
1978 (Age: 46)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7711020
Heating:
Forced Air
Basement:
Finished, Partial
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Siding
Structure Type:
Duplex
Roof:
Asphalt
Ensuite:
No
Flooring:
Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
0.0
Parking Total/Covered:
0 / -
Laundry Features:
In Basement
Temple
Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
Shed (As-Is)
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'11" × 9'8"
Main Floor
Dining Room
11'4" × 8'11"
Main Floor
Bedroom - Primary
11'6" × 10'3"
Main Floor
Bedroom
11'6" × 8'8"
Basement
Storage
12'2" × 10'5"
Basement
Family Room
18' × 11'10"
Basement
Bedroom
10'8" × 7'11"
Basement
Bedroom
10'8" × 9'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
10'3" x 4'11"
Basement
No
3
4'11" x 10'2"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Kitchen Island, Open Floorplan
Exterior Features:
None
Patio And Porch Features:
Patio
Lot Features:
Back Yard, Corner Lot, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-CG d44
Listed Date:
Aug 08, 2024
Days on Mkt:
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    Virtually Staged
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    Virtually Staged Bedroom
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    Virtually Staged
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    VIrtually Staged Family Room
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Listed by Real Broker
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
36
Avg list price:
$516,100
Min list price:
$314,900
Max list price:
$829,900
Avg days on market:
22
Min days on market:
1
Max days on market:
117
Avg price per sq.ft.:
$460.51
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