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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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224 153 Avenue SE
Midnapore Calgary T2X 1A4

$589,000
Residential beds: 4 baths: 2.0 1,132 sq. ft. built: 1977

Main Photo: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 1: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 2: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 3: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 4: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 5: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 6: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 7: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 8: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 9: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 10: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 11: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 12: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 13: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 14: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 15: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 16: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 17: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 18: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 19: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 20: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 21: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 22: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 23: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 24: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 25: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 26: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 27: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 28: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 29: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 30: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 31: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 32: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Photo 33: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2129430
Bedrooms:
4
Bathrooms:
2
Year Built:
1977
OPEN HOUSE - Saturday 1:00 - 4:00 and Sunday 2:00-4:00. Welcome to Your New Family Home in the Heart of a Lake Midnapore! Step into the perfect blend of comfort, convenience, and style with this charming 3-level split nestled in a prime location. Boasting 3 bedrooms upstairs alongside a modern bathroom, and an additional bedroom downstairs complete with its own ensuite, this home offers ample space for the whole family to spread out and unwind. As you enter, you'll be greeted by fresh, neutral colors that create a warm and inviting atmosphere throughout. The bright and airy living spaces provide the ideal backdrop for making cherished memories with loved ones. Imagine cozy evenings spent gathered around the fireplace or delightful mornings enjoying breakfast in the spacious kitchen, equipped with sleek stainless steel appliances that elevate both form and function. With nearly 1500 square feet of meticulously designed living space, this home offers a perfect balance of intimacy and room to grow. Add an additional 500sqft in the crawl space for all your storage needs! The oversized double garage 22 x 24 with 10 ft ceilings presents endless possibilities and additional storage space to suit your lifestyle needs. Location is key, and this home delivers on all fronts. Situated in a highly sought-after lake community, you'll enjoy easy access to schools, shops, parks, and the convenience of nearby Macleod Trail. Whether you're exploring the great outdoors or simply running errands, everything you need is right at your fingertips. Step outside and discover your own private oasis—a nice-sized yard perfect for outdoor entertaining, gardening, or simply relaxing in the sunshine. Embrace the opportunity to create your own backyard paradise, where endless summer days await. Don't miss out on the chance to call this family-friendly haven your own. Schedule a showing today and experience the true essence of comfort, convenience, and community living. Your dream home awaits!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Level Split
Total Living Area:
1,132 sq. ft.
Main Level Finished Area:
581 sq. ft.
Upper Level Finished Area:
552 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
528 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,197 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:
Southeast
Reg. Size:
Reg. Size Includes:
Levels:
3 Level Split
Total Rooms Above Grade:
6
Year built:
1977 (Age: 47)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7710317
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Tile
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
HOA Fee:
$255.00
Midnapore
Beach Access, Park
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer, Window Coverings
See Remarks
Easement Registered On Title, See Remarks
Floor
Type
Size
Other
Main Floor
Dining Room
11'6" × 7'2"
Main Floor
Kitchen
14'3" × 11'6"
Main Floor
Living Room
17'11" × 13'10"
2nd Floor
Bedroom
11'1" × 9'3"
2nd Floor
Bedroom
14'8" × 8'2"
2nd Floor
Bedroom - Primary
12'5" × 12'5"
Lower Level
Bedroom
11'9" × 9'3"
Lower Level
Laundry
11'4" × 7'7"
Lower Level
Game Room
19' × 17'3"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
7'8" x 5'
Lower Level
Yes
4
6'9" x 7'
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Granite Counters, Kitchen Island, Open Floorplan
Exterior Features:
Private Yard
Patio And Porch Features:
See Remarks
Lot Features:
Back Lane, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
May 10, 2024
Days on Mkt:
  • Photo 1: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
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  • Photo 6: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Bright Kitchen with Windows to the back yard
  • Photo 7: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Ample counter space
  • Photo 8: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
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  • Photo 13: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Master Bedroom with Walk in Closet
  • Photo 14: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Main bath on upper level
  • Photo 15: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Bedroom 2
  • Photo 16: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Bedroom 3
  • Photo 17: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Lower Level bedroom 4with Ensuite
  • Photo 18: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Lower Level Bedroom Ensuite
  • Photo 19: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Photo 19 of 33
  • Photo 20: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Drywall repair is now completed.
  • Photo 21: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Great lower level space for a office or craft area, possible TV room
  • Photo 22: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Side entrance to the house and out to the yard
  • Photo 23: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Large back yard, grass has been seeded
  • Photo 24: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Back yard
  • Photo 25: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Interior of oversized garage
  • Photo 26: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Back Lane
  • Photo 27: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
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  • Photo 29: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Summer picture to show how great the grass will get
  • Photo 30: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Lush grass with some TLC !
  • Photo 31: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Second Level Floor Plan
  • Photo 32: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Main Level Floor Plan
  • Photo 33: 224 153 Avenue SE in Calgary: Midnapore Detached for sale : MLS®# A2129430
    Lower Level Floor Plan

Virtual Tour

Virtual Tour

Listed by CIR Realty
Data was last updated May 27, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
3,371
Avg list price:
$619,900
Min list price:
$128,800
Max list price:
$9,999,999
Avg days on market:
18
Min days on market:
1
Max days on market:
502
Avg price per sq.ft.:
$452.8
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.