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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NEXT Open House details
Nov 17, 2024 01:00 PM - 03:00 PM MST

50 Parkwood Crescent
Parkwood Strathmore T1P 1H5

$619,900
Residential beds: 3 baths: 3.0 1,847 sq. ft. built: 1990

Main Photo: 50 Parkwood Crescent: Strathmore Detached for sale : MLS®# A2167934
Photo 1: 50 Parkwood Crescent: Strathmore Detached for sale : MLS®# A2167934
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Open House - Nov 17, 2024
01:00 PM - 03:00 PM MST
NOTES: Open House on Sunday, November 17, 2024 1:00PM - 3:00PM
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2167934
Bedrooms:
3
Bathrooms:
3
Year Built:
1990
Over 2468 sqft of developed living. This turnkey 3 bedroom home boasts impressive curb appeal with maintenance free landscaping. RV parking. Front yard looks out onto green space with walking paths by a canal. Professionally renovated with high end material and high efficiency appliances. Walk into 9' ceilings with maple hardwood' vinyl plank, porcelain tile and quartz counter tops. Main floor has new kid friendly gas fireplace. heated with brand new 98% efficient boiler system, each level has its own heating zone. Filtered water on all taps.
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:
1,846.75 sq. ft.
Main Level Finished Area:
1,187 sq. ft.
Upper Level Finished Area:
659.75 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
622.13 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,629 sq. ft.
Lot Frontage:
69'10"
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
4 Level Split
Total Rooms Above Grade:
6
Year built:
1990 (Age: 34)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
7910178
Heating:
Boiler
Basement:
Finished, Full
Foundation:
Wood
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile, Vinyl Plank
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Glass Doors, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, RV Access/Parking
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
Parkwood
Garage Control(s), Gas Stove, Range Hood, Refrigerator, Washer/Dryer, Water Purifier, Window Coverings, Wine Refrigerator
Storage Shed
None Known
Floor
Type
Size
Other
Main Floor
Entrance
13'9" × 5'6"
Main Floor
Kitchen
15'6" × 10'9"
Main Floor
Dining Room
10'7" × 10'
Main Floor
Living Room
15' × 9'6"
Upper Level
Bedroom - Primary
14'5" × 11'9"
Upper Level
Bedroom
12'11" × 9'9"
Upper Level
Bedroom
10'8" × 9'8"
Lower Level
Family Room
16'5" × 13'5"
Lower Level
Laundry
10'8" × 8'8"
Lower Level
Mud Room
8' × 3'7"
Basement
Other
5'9" × 2'9"
Basement
Game Room
14'10" × 14'9"
Basement
Flex Space
15' × 11'4"
Floor
Ensuite
Pieces
Other
Upper Level
No
4
8'8" x 4'11"
Upper Level
Yes
3
7'6" x 4'1"
Lower Level
No
2
7'6" x 4'8"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Ceiling Fan(s), Central Vacuum, High Ceilings, Recessed Lighting, Wet Bar
Exterior Features:
Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Low Maintenance Landscape
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Wheatland County
Zoning:
R1
Listed Date:
Sep 27, 2024
Days on Mkt:
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Listed by KIC Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$527,450
Min list price:
$179,999
Max list price:
$2,200,000
Avg days on market:
33
Min days on market:
5
Max days on market:
215
Avg price per sq.ft.:
$366.52
These statistics are generated based on the current listing's property type and located in Strathmore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706