NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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421 1 Avenue SE
Old Town (Airdrie) Airdrie T4B 1H2

$549,900
Residential beds: 4 baths: 2.0 1,263 sq. ft. built: 1962

Main Photo: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 1: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 2: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 3: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 4: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 5: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 6: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 7: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 8: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 9: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 10: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
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Photo 12: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 13: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
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Photo 24: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 25: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
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Photo 33: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 34: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 35: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Photo 36: 421 1 Avenue SE: Airdrie Detached for sale : MLS®# A2174894
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174894
Bedrooms:
4
Bathrooms:
2
Year Built:
1962
1263 square foot bungalow in charming OLD TOWN. 4-bedroom, 2 bath home with oversized detached garage on generous lot. On a quiet tree-lined street this location is terrific! Quick and easy access to the QE2 highway AND it is centrally located to schools, shopping & restaurants. Spacious living room with original hardwood floors, custom built-ins centered on cozy wood burning fireplace. The kitchen with updated cabinetry offers plenty of prep space and storage for all your culinary needs. A total of 3 bedrooms on the main floor including the very large primary bedroom (2 bedrooms were amalgamated into one) and updated main bath. Enjoy the expansive bedroom as it is or the additional space offers options to add a luxury walk-in closet, ensuite bathroom retreat or even a home office. Basement layout includes large family room, 3-piece bathroom, bedroom, games area and lots of storage. Large South facing backyard with 24x24 detached garage with 220V wiring, RV parking, vinyl fencing as well as a 2-car driveway. Upgraded electrical panel. Separate basement entrance. Quick possession available.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,263.4 sq. ft.
Main Level Finished Area:
1,263.4 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
720.6 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,998 sq. ft.
Lot Frontage:
50'
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:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1962 (Age: 62)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
289HY
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Brass, Living Room, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Driveway, Insulated, Oversized
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Old Town (Airdrie)
Dishwasher, Dryer, Garage Control(s), Microwave Hood Fan, Refrigerator, Stove(s), Washer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
15'6" × 12'6"
Main Floor
Dining Room
10'10" × 8'11"
Main Floor
Kitchen
12' × 10'7"
Main Floor
Bedroom - Primary
12'4" × 11'7"
Main Floor
Bedroom
10'6" × 7'11"
Main Floor
Bedroom
12'11" × 8'2"
Basement
Bedroom
12'4" × 11'7"
Basement
Game Room
18'9" × 9'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Basement
No
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Golf, Playground, Pool, Schools Nearby, Shopping Nearby
Interior Features:
Built-in Features, No Smoking Home, Separate Entrance
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Airdrie
Zoning:
R1-V
Listed Date:
Oct 25, 2024
Days on Mkt:
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Listed by MaxWell Canyon Creek
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
387
Avg list price:
$599,900
Min list price:
$200,000
Max list price:
$1,749,900
Avg days on market:
36
Min days on market:
1
Max days on market:
287
Avg price per sq.ft.:
$360.43
These statistics are generated based on the current listing's property type and located in Airdrie. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706