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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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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256 cove Drive
The Cove Chestermere T1X 1J4

$745,000
Residential beds: 4 baths: 4.0 2,222 sq. ft. built: 2000

Main Photo: 256 cove Drive: Chestermere Detached for sale : MLS®# A2157674
Photo 1: 256 cove Drive: Chestermere Detached for sale : MLS®# A2157674
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2157674
Bedrooms:
4
Bathrooms:
4
Year Built:
2000
Looking for space, comfort and a touch of luxury? This home is perfect for you! Located in the well sot after community of Chestermere, This 2 story family home has over 3000 soft of living space with 3 beds up and 1 bedroom down and 3.5 baths. Other highlights of this stunning home include gorgeous Brazilian Walnut hardwood flooring, high ceilings, custom archways, elegant lighting fixtures, neutral colored walls, plenty of windows inviting tons of natural light all throughout and many more! Enter the foyer and be welcomed by the sun-filled living room with a cozy gas fireplace next to the large kitchen featuring gorgeous cherry cabinetry, an island with a sit-down bar, stainless steel appliances, lots of counter space and a corner pantry. A few steps away is the bright breakfast nook that opens up to the expansive 2 tired deck perfect for entertainment! In the next room is the formal dining and family room with enough space to accommodate both family and guests. Completing the main floor is a 2 pc bathroom and a laundry area. Upstairs, you'll find a loft for when you want to relax and do your afternoon quiet reading or convert this space to a study area for the kids or a home office. Have your own private space in the huge masters bedroom complemented with a walk-in closet and a 4 pc ensuite with a luxurious soaker tub and separate shower. 2 more good size bedrooms and a 4 pc family bath complete the 2nd level. Check out the fully finished basement that offers bedroom # 4 perfect for when you have guests over for the night, a coffee bar and a 3 pc bathroom. The basement has lots of room for storage and enough space to be converted to a game room, media room, or whatever you prefer to maximize the space in your home. There is plenty of space for the whole family to enjoy in the massive fully-fenced backyard. Host parties and gatherings in your private 2 tiered deck while the kids play in the beautifully maintained yard with a sprinkler system. The 2 car attached garage allows room for extra storage or work area. There's also a parking space available in the concrete driveway when you have guests come over. Situated right along Chestermere lake and close proximity to schools, public transit, playground for the kids, shopping and coffee shops for your daily coffee fix. Your dream home awaits, book your appointment now! A must to see. Very easy to show any time. Flexible possession.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,222 sq. ft.
Main Level Finished Area:
1,180 sq. ft.
Upper Level Finished Area:
1,042 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,038 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,045 sq. ft.
Lot Frontage:
46'
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:
Two
Total Rooms Above Grade:
8
Year built:
2000 (Age: 24)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0010496
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 Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Main Level
The Cove
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer, Window Coverings
operner
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
11'5" × 10'3"
Main Floor
Family Room
15'11" × 14'5"
Main Floor
Laundry
9'2" × 7'9"
Main Floor
Living Room
12'5" × 10'3"
Main Floor
Kitchen
13' × 12'7"
Main Floor
Breakfast Nook
11'8" × 7'10"
2nd Floor
Bonus Room
10'8" × 10'1"
2nd Floor
Bedroom
11'3" × 10'1"
2nd Floor
Bedroom - Primary
14'6" × 14'
2nd Floor
Bedroom
11'6" × 6'7"
Lower Level
Bedroom
17'8" × 11'5"
Lower Level
Great Room
15'2" × 13'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2nd Floor
Yes
4
2nd Floor
No
4
3rd Floor
No
3
5'10" x 8'6"
Title to Land:
Fee Simple
Community Features:
Fishing, Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Chandelier, Closet Organizers, High Ceilings, Kitchen Island, No Smoking Home, Pantry
Exterior Features:
Garden, Lighting, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Landscaped, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
r-1
Listed Date:
Aug 13, 2024
Days on Mkt:
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Listed by Royal LePage METRO
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
203
Avg list price:
$699,900
Min list price:
$258,000
Max list price:
$3,900,000
Avg days on market:
30
Min days on market:
1
Max days on market:
175
Avg price per sq.ft.:
$362.69
These statistics are generated based on the current listing's property type and located in Chestermere. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706