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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5627 Draper Road
Waterways (Fort McMurray) Fort McMurray T9H 0K7

$550,000
Residential beds: 7 baths: 5.0 2,426 sq. ft. built: 2009

Main Photo: 5627 Draper Road: Fort McMurray Detached for sale : MLS®# A2150851
Photo 1: 5627 Draper Road: Fort McMurray Detached for sale : MLS®# A2150851
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Photo 44: 5627 Draper Road: Fort McMurray Detached for sale : MLS®# A2150851
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2150851
Bedrooms:
7
Bathrooms:
5
Year Built:
2009
3.2 ACRES! ATTACHED HEATED GARAGE! Welcome to 5627 Draper Road. Foundation type: Polycore Foundation that sits on concrete footings. Welcome to your country side retreat with endless possibilities. This spacious home boasts 7 bedrooms and 5 bathrooms which is perfect for the large family, or the owner that would like to take on rental income. The top floor comes with 3 bedrooms and 2 bathrooms on one side of home which includes the primary bedroom and its en suite bathroom, a large living room which looks onto the kitchen that has ample counter and cabinet space. The second part of the top floor which can be closed off to the rest of the home comes with a second kitchen, separate laundry, and an additional bedroom and full bathroom. The basement area offers an additional 3 bedrooms and 2 full bathrooms. One part of the basement can be closed off from the rest of the basement offers a kitchenette, separate laundry, a bathroom and a bedroom. The rest of the basement offer a rec space, storage, and more. This property comes with a large in-floor heated garage, loads of space for parking, and much more. Call now for your personal showing. THIS PROPERTY IS BEING SOLD "AS IS WHERE IS".
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Acreage with Residence, Bungalow
Total Living Area:
2,426 sq. ft.
Main Level Finished Area:
2,426 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,615 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3.21 acre(s)
Lot Frontage:
2'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2009 (Age: 15)
Bedrooms:
7 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
3
Bathrooms:
5.0 (Full:5, Half:0)
Plan:
0626005
Heating:
In Floor, Forced Air, Propane
Basement:
Finished, Full
Foundation:
Other, Poured Concrete, See Remarks
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Basement, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway, Gravel Driveway
Parking Places:
10.0
Parking Total/Covered:
10 / -
Laundry Features:
Multiple Locations
Waterways (Fort McMurray)
See Remarks
As is where is
See Remarks
Floor
Type
Size
Other
Main Floor
Bedroom
13'11" × 11'6"
Main Floor
Bedroom
13'10" × 11'8"
Main Floor
Bedroom
13' × 12'4"
Main Floor
Bedroom
13'11" × 13'
Main Floor
Kitchen
13'11" × 12'6"
Main Floor
Kitchen
15'11" × 15'1"
Main Floor
Living Room
21'11" × 13'10"
Basement
Bedroom
13'9" × 11'1"
Basement
Bedroom
11'8" × 9'
Basement
Bedroom
14'8" × 13'3"
Basement
Game Room
27'11" × 21'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
10'4" x 10'8"
Main Floor
No
4
5' x 9'3"
Main Floor
Yes
4
9' x 13'11"
Basement
No
3
7'4" x 10'2"
Basement
No
4
7'11" x 10'2"
Title to Land:
Fee Simple
Community Features:
Other
Interior Features:
See Remarks, Separate Entrance
Exterior Features:
Private Entrance
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Greenbelt, No Neighbours Behind, Many Trees, See Remarks, Treed
Num. of Parcels:
0
Fencing:
None
Region:
Wood Buffalo
Zone:
FM SE
Zoning:
CR
Listed Date:
Jul 19, 2024
Days on Mkt:
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Listed by ROYAL LEPAGE BENCHMARK
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
526
Avg list price:
$428,694
Min list price:
$43,900
Max list price:
$2,300,000
Avg days on market:
58
Min days on market:
1
Max days on market:
483
Avg price per sq.ft.:
$289.54
These statistics are generated based on the current listing's property type and located in Fort McMurray. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706