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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375 Chelsea Passage
Chelsea_CH Chestermere T1X 2P4

$1,250,000
Residential beds: 5 baths: 5.0 3,183 sq. ft. built: 2023

Main Photo: 375 Chelsea Passage: Chestermere Detached for sale : MLS®# A2168601
Photo 1: 375 Chelsea Passage: Chestermere Detached for sale : MLS®# A2168601
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168601
Bedrooms:
5
Bathrooms:
5
Year Built:
2023
!! Discover Luxury Living in Chestermere's Chelsea Community!! Welcome to the epitome of elegance crafted by award-winning builder Luxuria Homes. Nestled in the picturesque community of Chelsea, this stunning show home exemplifies luxury living at its finest. Step inside this meticulously designed masterpiece boasting over 3,195 square feet of opulent living space, excluding the basement. As you enter, custom feature walls grace each room, setting a tone of sophistication and style throughout. The main floor offers dual spacious sitting areas, a convenient spice kitchen, and a sprawling gourmet chef's kitchen complete with top-of-the-line appliances—a dream for culinary enthusiasts and entertainers alike. Upstairs, indulge in the comfort of two luxurious dual master bedrooms alongside additional well-appointed bedrooms and a full 4-piece bath, ensuring ample space for family and guests. The fully developed basement is an entertainer's paradise, featuring a expansive recreation area with a sleek bar for hosting gatherings, two additional bedrooms, and another full bath—perfect for extended family or overnight guests. Enjoy the tranquil open appeal of this home, perfectly oriented towards the east with the added benefit of backing onto lush green space, offering serene views and privacy. Don't miss your chance to own this exceptional show home—a testament to craftsmanship and luxury in one of Chestermere's most sought-after neighborhoods. Schedule your private tour today and experience a lifestyle of unparalleled refinement and comfort!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
3,182.66 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,134 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:
East
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2023 (Age: 1)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
211 1677
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
3
Parking:
Driveway, Garage Door Opener, Triple Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Upper Level
Chelsea_CH
Built-In Oven, Dishwasher, Dryer, Garage Control(s), Microwave, Refrigerator, Washer
NA
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
17' × 8'10"
Main Floor
Living Room
14'11" × 13'10"
Main Floor
Living Room
19'7" × 14'11"
Main Floor
Spice Kitchen
10'11" × 5'8"
Upper Level
Bedroom
15'10" × 9'11"
Upper Level
Bedroom
13'6" × 9'11"
Upper Level
Bedroom
13'8" × 11'11"
Upper Level
Bedroom - Primary
16'6" × 12'7"
Upper Level
Family Room
15' × 12'2"
Basement
Bedroom
14'5" × 13'2"
Basement
Den
14'3" × 9'
Basement
Game Room
28'11" × 18'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'11" x 5'4"
Upper Level
No
4
8' x 5'1"
Upper Level
No
5
11'4" x 7'5"
Upper Level
Yes
5
9'11" x 16'8"
Basement
No
4
4'11" x 7'7"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Sidewalks
Interior Features:
Built-in Features, Chandelier, Closet Organizers, Double Vanity, Kitchen Island, No Animal Home, Separate Entrance, Walk-In Closet(s)
Exterior Features:
Playground, Private Yard
Patio And Porch Features:
None
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Chestermere
Zoning:
TBD
Listed Date:
Sep 25, 2024
Days on Mkt:
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Listed by RE/MAX Complete Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
214
Avg list price:
$657,000
Min list price:
$235,000
Max list price:
$3,150,000
Avg days on market:
39
Min days on market:
1
Max days on market:
228
Avg price per sq.ft.:
$359.1
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