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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25 Cimarron Crescent
Cimarron Okotoks T1S 1S7

$639,900
Residential beds: 4 baths: 4.0 1,776 sq. ft. built: 1998

Main Photo: 25 Cimarron Crescent: Okotoks Detached for sale : MLS®# A2171789
Photo 1: 25 Cimarron Crescent: Okotoks Detached for sale : MLS®# A2171789
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171789
Bedrooms:
4
Bathrooms:
4
Year Built:
1998
Introducing this 1775 sq ft 4 bedroom, 3.5 bathroom family home, designed for both comfort and elegance. Located in a prime area close to schools, shopping, restaurants, and scenic walking paths, this home offers it all. Step inside to a stunning curved staircase and bright front flex room, perfect for a home office or extra space to suite your needs. The cozy living room boasts a gas fireplace and large west-facing windows, filling the space with natural light. The open-concept kitchen is ideal for gatherings, featuring an island, large pantry, and plenty of workspace. Upstairs, you’ll find 3 generous bedrooms, including a master retreat with luxurious ensuite that offers a corner tub and separate shower. The upstairs laundry room with extra storage adds to the convenience. The fully finished basement provides even more living space, with a family room, bedroom, and additional storage. Enjoy the outdoors on your beautiful tiered deck with attached gazebo (sun tuff corrugated roof) or relax on the covered front veranda. With central air conditioning, newer furnace, hot water tank, and shingles, this home is move-in ready. The double detached insulated garage completes this perfect family home.
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:
1,775.8 sq. ft.
Main Level Finished Area:
878 sq. ft.
Upper Level Finished Area:
897.8 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,767 sq. ft.
Lot Frontage:
44'
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:
6
Year built:
1998 (Age: 26)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9711890
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Mantle
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Insulated
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room, Upper Level
Cimarron
Built-In Oven, Central Air Conditioner, Dishwasher, Electric Cooktop, Freezer, Garage Control(s), Microwave, Refrigerator, Washer/Dryer, Window Coverings
Refrigerator in basement
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
14'8" × 11'8"
Main Floor
Dining Room
15'3" × 7'3"
Main Floor
Living Room
16'5" × 13'11"
Main Floor
Flex Space
10'4" × 9'9"
Main Floor
Mud Room
5'1" × 3'4"
Main Floor
Pantry
9' × 3'11"
Main Floor
Entrance
8'2" × 5'9"
2nd Floor
Bedroom - Primary
16'10" × 10'10"
2nd Floor
Walk-In Closet
6'5" × 5'5"
2nd Floor
Laundry
6'5" × 6'
2nd Floor
Bedroom
10'8" × 10'3"
2nd Floor
Bedroom
13'8" × 8'10"
Basement
Bedroom
17'2" × 10'8"
Basement
Family Room
16'9" × 15'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'10" x 5'
2nd Floor
Yes
5
11'9" x 8'7"
2nd Floor
No
4
5' x 10'5"
Basement
No
4
9'1" x 9'7"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Ceiling Fan(s), Soaking Tub, Vinyl Windows
Exterior Features:
BBQ gas line, Private Yard
Patio And Porch Features:
Deck, Porch
Lot Features:
Back Lane, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 15, 2024
Days on Mkt:
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Listed by Century 21 Bamber Realty LTD.
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