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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94 Cumberland Drive NW
Cambrian Heights Calgary T2K 1T1

$670,000
Residential beds: 3 baths: 2.0 1,395 sq. ft. built: 1956

Main Photo: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 1: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 2: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 3: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 4: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 5: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 6: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 7: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 8: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 9: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 10: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 11: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 12: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 13: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 14: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 15: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 16: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 17: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 18: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
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Photo 20: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 21: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 22: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 23: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 24: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 25: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 26: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 27: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 28: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 29: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 30: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Photo 31: 94 Cumberland Drive NW in Calgary: Cambrian Heights Detached for sale : MLS®# A2173343
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2173343
Bedrooms:
3
Bathrooms:
2
Year Built:
1956
Attractively priced, this home is in the coveted community of Cambrian Heights. You don't often find homes featuring 1394 sq feet on one floor (2360 total sq feet of living space) with a Double attached garage in this community or those around it. Let's talk perspective: This home is located on a quiet tree lined street, close but not too close to the multiple schools that are a short walk for young kids. You are only a 20 minute drive in rush hour traffic from the heart of downtown. It is a 17 minute transit ride to the University of Calgary. 20 minute car ride to the airport, and only minutes to several grocery stores, restaurants, and all the other amenities you need to support a happy life.  Upon entering this proudly maintained home you are greeted by the spacious living room with wood burning fireplace, a generous dining room, 3 Large bedrooms, and a 5 piece bathroom featuring a dual vanity sink. The kitchen boasts updated cabinetry along with Granite countertops and a stainless Range and microwave. The finished lower level is large in its own right, accessible by both the garage and the rear entry, featuring large egress meeting windows. With ample parking for a large family of drivers, you will also enjoy the  backyard oasis ideal for unwinding after a long day, or engaging family and friends for birthdays and holidays. Lovingly maintained by its current owner of 44 years, this home will appeal to many including a proud family, savvy investor, and anyone looking to step into ownership in an ideal inner city location. Call your favorite realtor and book your private tour today. 
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,394.74 sq. ft.
Main Level Finished Area:
1,394.74 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
965 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,898 sq. ft.
Lot Frontage:
70'1"
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:
One
Total Rooms Above Grade:
6
Year built:
1956 (Age: 68)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
5971HB
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Lower Level
Cambrian Heights
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator
none
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Dining Room
11'4" × 9'5"
Main Floor
Kitchen
13'10" × 13'
Main Floor
Living Room
20'8" × 14'7"
Main Floor
Bedroom - Primary
16'4" × 12'1"
Main Floor
Bedroom
12'5" × 11'1"
Main Floor
Bedroom
12'5" × 10'
Basement
Bonus Room
18'4" × 10'10"
Basement
Game Room
25'4" × 12'2"
Basement
Bonus Room
18'4" × 10'10"
Basement
Furnace/Utility Room
7'9" × 7'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
5
6'11" x 7'6"
Basement
No
3
6'11" x 3'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Built-in Features, Closet Organizers
Exterior Features:
Private Yard
Patio And Porch Features:
Front Porch
Lot Features:
Back Yard, Front Yard, Many Trees, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C1
Listed Date:
Oct 16, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by CIR Realty and Stonemere Real Estate Solutions
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
4,881
Avg list price:
$589,000
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
35
Min days on market:
1
Max days on market:
474
Avg price per sq.ft.:
$435.52
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706