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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166 Railway Avenue
Rosedale (Drumheller) Drumheller T0J 0Y9

$750,000
Residential beds: 3 baths: 4.0 2,418 sq. ft. built: 2010

Main Photo: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 1: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 2: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 3: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 4: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 5: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 6: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 7: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 8: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 9: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 10: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 11: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 12: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 13: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 14: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 15: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 16: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 17: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
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Photo 23: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 24: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
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Photo 29: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
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Photo 33: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 34: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 35: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 36: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 37: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 38: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Photo 39: 166 Railway Avenue: Drumheller Detached for sale : MLS®# A2159260
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2159260
Bedrooms:
3
Bathrooms:
4
Year Built:
2010
Blending Luxury, Comfort and Nature ! Nestled amongst mature trees and great neighbours. Custom 2 Storey Home thoughtfully designed with home office, powder room, formal dining, open concept kitchen with pantry, stainless appliance package and eat up island. The heart of the Home is certainly the Living room with gas fireplace with built in cabinets. Friends gather with Access to back deck with BBQ and fire pit area. Hardwood flooring throughout main. Upstairs a reading nook, 2 guest bedrooms and 4 pc bathroom. Stunning Primary suite with walk in closet, 5 pc ensuite and private balcony. This house keeps giving with a fully developed basement theatre room roughed , wet bar, flex area, 2 dens each with generous walk in closets, 4 pc bathroom, utility, storage, and laundry room. Central Air , Central Vac, Window coverings, upgraded light fixtures and Granite countertops throughout. Head out to the shop 28x30 radiant heat, half bath, workbench and floor drain. Projector ready to hang out and watch the game. Need more room ? There is a large shed, RV and Party parking. On Town water.
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, Acreage with Residence
Total Living Area:
2,418 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,206 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
43,560 sq. ft.
Lot Frontage:
133'4"
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:
Southeast
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2010 (Age: 14)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0011980
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
ICF Block
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Mantle
Garage:
1
Garage Spaces:
2
Parking:
Additional Parking, Double Garage Detached, Garage Door Opener, Gravel Driveway, Heated Garage, Insulated, Off Street, RV Access/Parking, Workshop in Garage
Laundry Features:
In Basement, Laundry Room
Rosedale (Drumheller)
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer Stacked, Window Coverings
Fridge, Stove, Dishwasher, Washer, Dryer, Window Coverings, Bar fridge, Central Vac and Attachments, Garage remote, Workbench, and Radiant Heater
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
16'6" × 12'
Main Floor
Kitchen
16' × 15'4"
Main Floor
Living Room
16'6" × 16'
Main Floor
Office
9'6" × 9'4"
2nd Floor
Bedroom - Primary
17' × 12'6"
2nd Floor
Bedroom
13' × 10'6"
2nd Floor
Bedroom
14' × 9'
Basement
Den
11'6" × 11'
Basement
Den
11'6" × 11'
Basement
Family Room
20' × 17'
Basement
Laundry
9' × 8'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2nd Floor
Yes
5
2nd Floor
No
4
Basement
No
4
Title to Land:
Fee Simple
Community Features:
Playground, Shopping Nearby
Interior Features:
Ceiling Fan(s), Chandelier, Closet Organizers, Double Vanity, Granite Counters, Kitchen Island, No Animal Home, Recessed Lighting, Soaking Tub, Vinyl Windows
Exterior Features:
Balcony, Fire Pit, Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Low Maintenance Landscape, No Neighbours Behind, Many Trees, Secluded
Num. of Parcels:
0
Fencing:
Partial
Region:
Drumheller
Zoning:
CSD
Listed Date:
Aug 20, 2024
Days on Mkt:
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Listed by RE/MAX Now
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$374,900
Min list price:
$96,900
Max list price:
$750,000
Avg days on market:
70
Min days on market:
5
Max days on market:
411
Avg price per sq.ft.:
$304.17
These statistics are generated based on the current listing's property type and located in Drumheller. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706