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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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24 Templeson Place NE
Temple Calgary T1Y 5L9

$724,900
Residential beds: 5 baths: 3.0 1,357 sq. ft. built: 1980

Main Photo: 24 Templeson Place NE in Calgary: Temple Detached for sale : MLS®# A2170885
Photo 1: 24 Templeson Place NE in Calgary: Temple Detached for sale : MLS®# A2170885
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2170885
Bedrooms:
5
Bathrooms:
3
Year Built:
1980
Welcome to this spacious 1,357 sq/ft 4-level split, nestled in a quiet cul-de-sac in the highly desirable community of Temple. With 5 bedrooms and 3 bathrooms, this meticulously maintained home is perfect for growing families. The open-concept main floor offers plenty of natural light, while the upper level features 3 generously sized bedrooms, including the master with a private 3-piece ensuite. The oversized third level offers a cozy atmosphere, complete with a feature fireplace wall, perfect for relaxing or entertaining. The fully finished lower level includes a massive recreation room, an additional bedroom, and plenty of potential to add a suite (illegal). Sitting on an oversized pie-shaped lot, this property boasts a massive backyard with plenty of green space and RV parking. Recent updates throughout the home showcase the pride of ownership, making this a rare find. Enjoy the peace and comfort of cul-de-sac living in one of Temple’s most sought-after locations.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,357.12 sq. ft.
Main Level Finished Area:
667.83 sq. ft.
Upper Level Finished Area:
689.3 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
609.82 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,609 sq. ft.
Lot Frontage:
25'3⅛"
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:
Levels:
4 Level Split
Total Rooms Above Grade:
9
Year built:
1980 (Age: 44)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
8010774
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
In Basement
Temple
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave Hood Fan, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
11'5" × 8'7"
Main Floor
Foyer
7'11" × 7'10"
Main Floor
Kitchen
14'3" × 12'10"
Main Floor
Living Room
16' × 14'10"
2nd Floor
Bedroom
12'8" × 9'2"
2nd Floor
Bedroom
12'9" × 10'
2nd Floor
Bedroom - Primary
15'1" × 11'9"
3rd Floor
Bedroom
9'11" × 9'11"
3rd Floor
Family Room
19' × 14'3"
Basement
Bedroom
11'1" × 10'7"
Basement
Laundry
10'11" × 10'9"
Basement
Game Room
22'2" × 14'3"
Basement
Furnace/Utility Room
6'11" × 5'10"
Floor
Ensuite
Pieces
Other
2nd Floor
Yes
3
5'8" x 7'2"
2nd Floor
No
4
9'1" x 5'
3rd Floor
No
3
9'11" x 7'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home
Exterior Features:
Private Yard
Patio And Porch Features:
None
Lot Features:
Back Lane, Back Yard, Cul-De-Sac, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-CG
Listed Date:
Oct 04, 2024
Days on Mkt:
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Virtual Tour

Listed by Century 21 Bravo Realty
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