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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422 Cranbrook Square SE
Cranston Calgary T3M 3K8

$264,900
Residential beds: 1 baths: 1.0 508 sq. ft. built: 2022

Main Photo: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 1: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 2: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 3: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 4: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 5: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 6: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 7: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 8: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 9: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 10: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 11: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 12: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 13: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 14: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 15: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 16: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 17: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 18: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 19: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Photo 20: 422 Cranbrook Square SE in Calgary: Cranston Row/Townhouse for sale : MLS®# A2177883
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2177883
Bedrooms:
1
Bathrooms:
1
Year Built:
2022
Relax and make yourself at home in this single-level garden townhouse featuring a modern and stylish design. A welcoming patio leads to the private entrance into the unit. The gourmet kitchen features a stainless appliance package, neutral quartz counters with breakfast bar, white cabinets with a sparkling white subway tiled backslash. The kitchen overlooks the sunny living room, making the space perfect for entertaining. At the rear of the home is the large bedroom with room for king sized bed and double closets. The condo is complete with a full 4-piece bathroom, in-suite laundry and extra storage in the utility room. "Zen" Townhouse complexes, built by Avalon, are known for their high-quality, energy-efficient homes. The monthly condo fee for this unit is $89 The assigned parking stall is number 110- just beside the condo. An excellent investment or home for a first-time buyer! Located in Cranston Riverstone, the condo is surrounded by natural beauty, including the Bow River, Fish Creek Park and numerous walking and biking trails. The South Health Campus and all amenities (pubs, restaurants, Movie Theatre and YMCA) are just a short drive in nearby Seton. Residents of the Zen Riverstone can avail of the Club House just up the street with all its amenities.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
508 sq. ft.
Main Level Finished Area:
508 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$88.35
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
Entry Level:
1
Levels:
One
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2022 (Age: 2)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2310016
Heating:
Baseboard
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Assigned, Off Street, Stall
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$520.85
Condo Fee Frequency:
Monthly
Zen in Cranston
Cranston
Clubhouse, Park, Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer Stacked
N/A
Pet Restrictions or Board approval Required
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Kitchen
11' × 9'
Main Floor
Living Room
13' × 9'3"
Main Floor
Bedroom - Primary
11' × 10'
Main Floor
Laundry
3'6" × 3'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, No Animal Home, No Smoking Home, Quartz Counters
Exterior Features:
Playground
Patio And Porch Features:
Patio
Lot Features:
Other
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
M-1
Listed Date:
Nov 07, 2024
Days on Mkt:
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Listed by Calgary West Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$629,900
Min list price:
$264,900
Max list price:
$1,650,000
Avg days on market:
33
Min days on market:
4
Max days on market:
117
Avg price per sq.ft.:
$404.19
These statistics are generated based on the current listing's property type and located in Cranston. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706