First Home Friday couldn’t get any better than this adorable, newly reno’d property! I love Riverbend, amazing access to all parts of the city and VERY close to downtown!
Voila the purchase analysis…
Purchase Price $409,000
Minimum Down Payment required: $20, 450
Minimum Mortgage Payment (using a 2.5%, 5 year variable rate): $1,810.20
Assuming you have no other debt, to purchase this little sucker, you would need a household income of $83,000 per year. (Pretty reasonable when you think about starting wages for a young couple in Calgary)!
Here are the details from the MLS listing!
Newly renovated 3 bedroom home with over 1700 sq ft of developed space in the heart of Riverbend. As you enter this home you will find a dramatic inviting living room perfect for entertaining with built in shelving, electric fireplace & new flooring. The kitchen features butcher block counters, new cabinets, appliances and backsplash & a spacious sunny dining room area as well as a newly renovated 2 piece bath. Upstairs you will find a large master bedroom with wood plank wall, new lighting and custom closet. You will also find two additional bedrooms and a newly renovated 4-piece bath. The basement is fully developed with a rec room, large workshop and laundry. The private backyard boasts a beautiful new large 2 tiered deck, shed, dog run and fire pit. The front of the home features a landscaped walkway, new deck and planters. Other updates include new windows (2013), New furnace and hot water (2011). This home is just steps away from the river paths, dog park and close to all school and bus routes.