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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126 Drake Landing Loop
Drake Landing Okotoks T1S 0G8

$614,900
Residential beds: 4 baths: 4.0 1,528 sq. ft. built: 2012

Main Photo: 126 Drake Landing Loop: Okotoks Detached for sale : MLS®# A2176337
Photo 1: 126 Drake Landing Loop: Okotoks Detached for sale : MLS®# A2176337
Photo 2: 126 Drake Landing Loop: Okotoks Detached for sale : MLS®# A2176337
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Photo 35: 126 Drake Landing Loop: Okotoks Detached for sale : MLS®# A2176337
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176337
Bedrooms:
4
Bathrooms:
4
Year Built:
2012
Charming 2-Storey Home in Drake Landing – Across from Green Space & Pathways! Welcome to this beautifully maintained 2-storey home in the sought-after community of Drake Landing. Situated directly across from a peaceful green space and scenic pathway system, this home boasts fantastic curb appeal with a welcoming front veranda. Inside, you’ll discover an open-concept layout offering over 1,525 sq. ft. of living space. The bright and spacious front living room leads into a generous dining area and an impressive kitchen featuring a center island, granite countertops, ample cabinetry, and a pantry. There’s even a cozy nook—perfect for a desk or a buffet/hutch. A convenient 2-piece bathroom and a rear mudroom complete the main floor. Upstairs, you’ll find three well-sized bedrooms, two full bathrooms, and the convenience of upper-floor laundry. The primary suite offers a 4-piece ensuite with granite countertops, a makeup vanity, a corner tub, and a walk-in shower. Two additional bedrooms and another 4-piece bathroom also feature granite countertops. The fully finished basement provides flexible living space with a large bedroom (complete with a walk-in closet), a 4-piece bathroom, and a versatile family room. Step outside to a sunny west-facing backyard, perfect for family fun. The yard is fully fenced, with a deck, storage shed, and a double detached garage. Enjoy beautiful mountain views, A/C, and a paved back lane—making this a true turnkey property!
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
Total Living Area:
1,528.5 sq. ft.
Main Level Finished Area:
759.97 sq. ft.
Upper Level Finished Area:
768.54 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
724.93 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,883 sq. ft.
Lot Frontage:
34'1"
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2012 (Age: 12)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0915774
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
Central Air
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Drake Landing
Central Air Conditioner, Dishwasher, Dryer, Electric Stove, Garage Control(s), Humidifier, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Shed and Tv Brackets x 2
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
16'11" × 9'1"
Main Floor
Foyer
6'9" × 5'
Main Floor
Kitchen
13'5" × 10'2"
Main Floor
Living Room
15'10" × 15'7"
Main Floor
Mud Room
5'5" × 4'7"
Main Floor
Covered Porch
21'11" × 11'
Upper Level
Bedroom
11'5" × 11'5"
Upper Level
Bedroom
9'9" × 9'2"
Upper Level
Bedroom - Primary
13'7" × 12'
Basement
Bedroom
11'4" × 11'3"
Basement
Game Room
21'10" × 16'3"
Basement
Furnace/Utility Room
9'3" × 5'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
Upper Level
No
4
Upper Level
Yes
4
Basement
No
4
Title to Land:
Fee Simple
Community Features:
Golf, Park, Schools Nearby, Shopping Nearby
Interior Features:
Granite Counters, High Ceilings, No Smoking Home
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Fruit Trees/Shrub(s), Landscaped, Level, Rectangular Lot, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 31, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
34
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$383.53
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706