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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115 5555 Elbow Drive SW
Windsor Park Calgary T2V 1H7

$1,195,000
Residential beds: 4 baths: 3.0 2,006 sq. ft. built: 1990

Main Photo: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 1: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 2: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 3: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 4: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 5: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 6: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 7: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 8: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 9: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 10: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 11: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 12: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 13: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 14: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 15: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 16: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 17: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 18: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 19: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 20: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 21: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 22: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 23: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 24: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 25: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 26: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 27: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 28: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 29: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Photo 30: 115 5555 Elbow Drive SW in Calgary: Windsor Park Semi Detached (Half Duplex) for sale : MLS®# A2150535
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2150535
Bedrooms:
4
Bathrooms:
3
Year Built:
1990
Welcome to Country Club Estates, one of Calgary's most prestigious gated communities. This delightful bungalow with its refined brick exterior is sure to impress. This home is tailored for older adult residents who appreciate a lock-and-leave lifestyle. The living room features a large window that floods the space with natural light, creating an inviting atmosphere complemented by a cozy fireplace—perfect for intimate conversations. Adjacent is a formal dining area, ideal for special occasions. The stunning kitchen is equipped with stainless steel appliances, an oversized double sink, and striking granite countertops. A window overlooks the expansive backyard and mature trees. Nearby, a casual dining area offers a cozy spot for weekday meals. The primary bedroom is a haven, spacious enough for a sitting area alongside the bed. Its ensuite boasts a walk-in shower, double vanity, and a well-organized walk-in closet. Additionally, there's a dedicated towel closet. Completing the main level of this home is a generously sized office, a laundry/mudroom attached to the garage and a large powder room with a walk-in tub feature. Downstairs, half of the lower level is fully developed with plush carpeting, housing three generously sized bedrooms. An area designed for a live-in nanny includes a full kitchenette, living area, and a private bathroom. The other half of the basement remains undeveloped, offering endless possibilities to tailor the space to suit your needs and preferences. Outside, the backyard invites fun with the grandchildren, and the spacious deck is the perfect spot to enjoy refreshing al fresco drinks and barbecue meals. Experience retirement bliss at Calgary’s Golf & Country Club, indulge in shopping at Chinook Centre, or savour lunch at the acclaimed Linas Italian Supermarket nearby. With plenty of activities during Stampede months, and the convenience of a lock-and-leave lifestyle for your snowbird adventures, there’s always something exciting to look forward to.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow, Side by Side
Total Living Area:
2,006 sq. ft.
Main Level Finished Area:
2,006 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,168 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$950.62
Condo Fee Includes:
Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
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:
South
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
One
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
1990 (Age: 34)
Bedrooms:
4 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
3
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9012459
Heating:
In Floor, Forced Air, Natural Gas
Basement:
Partial, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Wood Frame
Structure Type:
Duplex
Roof:
Wood
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
Condo Fee Frequency:
Monthly
Country Club Estates
Windsor Park
None
Dishwasher, Dryer, Garage Control(s), Refrigerator, Stove(s), Washer, Window Coverings
N/A
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Kitchen
13' × 13'
Main Floor
Dining Room
17' × 14'
Main Floor
Breakfast Nook
14'6" × 10'
Main Floor
Living Room
16'6" × 15'
Main Floor
Den
14' × 12'6"
Main Floor
Laundry
14' × 6'6"
Main Floor
Bedroom - Primary
15' × 14'6"
Basement
Family Room
18' × 12'
Basement
Bedroom
18' × 13'
Basement
Bedroom
12' × 11'6"
Basement
Bedroom
13' × 9'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
7' x 9'6"
Main Floor
Yes
4
10' x 16'
Basement
No
4
6'6" x 8'6"
Title to Land:
Fee Simple
Community Features:
Gated, Golf, Shopping Nearby
Interior Features:
Double Vanity, French Door, Kitchen Island, Pantry, Walk-In Closet(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Cul-De-Sac, Few Trees
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
M-CG d14
Listed Date:
Jul 17, 2024
Days on Mkt:
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Listed by RE/MAX House of Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$305,000
Min list price:
$169,900
Max list price:
$1,195,000
Avg days on market:
47
Min days on market:
2
Max days on market:
119
Avg price per sq.ft.:
$336.2
These statistics are generated based on the current listing's property type and located in Windsor Park. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706