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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119 Sheep River Bay
Sheep River Ridge Okotoks T1S 1R3

$640,000
Residential beds: 4 baths: 3.0 1,239 sq. ft. built: 1994

Main Photo: 119 Sheep River Bay: Okotoks Detached for sale : MLS®# A2166889
Photo 1: 119 Sheep River Bay: Okotoks Detached for sale : MLS®# A2166889
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166889
Bedrooms:
4
Bathrooms:
3
Year Built:
1994
Welcome Home to Sheep River located in one of the most sought after neighborhoods in all of Okotoks. Sheep River leaves you within walking distance to schools, playgrounds, amenities, and best of all the Sheep River which has so many km of untouched nature and walking paths you'll forget you live in town at all. This pristine 4-bedroom 3-bathroom bi-level home hosts many upgrades and gorgeous finishes throughout. UPGRADES INCLUDE: NEWER shingles, garage door and composite deck/rails. NEWER appliances, flooring and hot water tank as well!  This is the floorplan that makes life easy whether you're watching the kids play in the back yard from the kitchen, or entertaining guests inside the open concept main floor layout with vaulted ceilings! Main level also offers 2 bedrooms including Master with 4 pcs ensuite & two closets. The fully finished lower level offers so much more livable space with 2 large bedrooms, rec room, 3pcs bathroom & storage. With over 2300 sq ft of developed living area and premiere location all making this house the perfect package. Let's not forget to mention plenty of storage, HUGE sun-filled SE professionally landscaped back yard, double attached garage & outstanding curb appeal. Don't miss out, call right now for your private viewing! Great house, great location, great opportunity! Call your favourite realtor for a showing today! PRICED TO SELL!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,238.73 sq. ft.
Main Level Finished Area:
1,238.73 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,106.54 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,446 sq. ft.
Lot Frontage:
39'4"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
Bi-Level
Total Rooms Above Grade:
5
Year built:
1994 (Age: 30)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9311644
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Lower Level
Sheep River Ridge
Dishwasher, Dryer, Garage Control(s), Gas Stove, Refrigerator, Washer, Window Coverings
N/A
Easement Registered On Title, Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Bedroom
11'7" × 9'10"
Main Floor
Dining Room
13'5" × 7'11"
Main Floor
Kitchen
13'5" × 12'2"
Main Floor
Living Room
18'8" × 18'3"
Main Floor
Bedroom - Primary
15'10" × 15'5"
Basement
Other
10'7" × 10'4"
Basement
Bedroom
15'3" × 9'11"
Basement
Exercise Room
15'5" × 11'10"
Basement
Bedroom
24'2" × 22'2"
Basement
Furnace/Utility Room
16'1" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 7'6"
Main Floor
Yes
4
6' x 12'4"
Basement
No
3
8'7" x 10'5"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Kitchen Island, Pantry, See Remarks, Storage
Exterior Features:
Lighting, Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Cul-De-Sac, Lawn, Low Maintenance Landscape, Pie Shaped Lot, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Sep 23, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
34
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$383.53
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706