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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122 Mann Drive
Palisades Penhold T0M 1R0

$504,900
Residential beds: 3 baths: 3.0 1,860 sq. ft. built: 2024

THIS WAS A PREVIOUS BUILD OF THIS FLOORPLAN, SUBJECT HOME WILL NOT BE THE SAME
Photo 1: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 2: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 3: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 4: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 5: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 6: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 7: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 8: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 9: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 10: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 11: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 12: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 13: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 14: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 15: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 16: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 17: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 18: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 19: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 20: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 21: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Photo 22: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175320
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Situated in the Palisades, just steps from playgrounds, schools, outdoor rinks, and more, this brand new Laebon build in Penhold could be your new home! Designed with a family in mind, this spacious 1860 sq ft plan offers a wide open living space with vinyl plank flooring, large windows, and modern finishes throughout. The nicely appointed kitchen offers raised two toned cabinetry, stainless steel appliances, quartz countertops, a large island with eating bar, and a walk in pantry. The living area is bright and spacious, and the adjacent dining area offers access to the back deck through large sliding patio doors. Upstairs you'll find a spacious bonus room, two nicely sized kids rooms each with their own walk in closet, a shared 4 pce bathroom, and conveniently located laundry. The large primary suite offers a 3 pce ensuite with walk in shower, private water closet, and a spacious walk in closet. The attached garage is insulated, drywalled, and taped. If you need more space, the builder can complete the basement development for you, and allowances can also be provided for blinds and a washer and dryer. Poured concrete front driveway, front sod, and rear topsoil are included in the price and will be completed as weather permits. 1 year builder warranty and 10 year Alberta New Home Warranty are included. Taxes have yet to be assessed, and GST is already included in the price. Estimated completion date of March 2025. Photos are examples from a previous build of this floor plan, and do not necessarily reflect the finishes and colours used in this home.
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:
1,860 sq. ft.
Main Level Finished Area:
780 sq. ft.
Upper Level Finished Area:
1,080 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,324 sq. ft.
Lot Frontage:
41'⅛"
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:
Unit Exposure:
East, West
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1420736
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
Laebon Homes
New Constr.:
Yes
Construction Material:
Concrete, Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Concrete Driveway, Double Garage Attached, Garage Faces Front, Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
Palisades
Dishwasher, Garage Control(s), Microwave Hood Fan, Refrigerator, Stove(s)
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
14'1" × 13'
Main Floor
Dining Room
12' × 9'8"
Main Floor
Kitchen
12' × 9'1"
2nd Floor
Bedroom
11'7" × 10'
2nd Floor
Bedroom
11'6" × 10'
2nd Floor
Bedroom - Primary
14'6" × 13'
2nd Floor
Bonus Room
13'2" × 12'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
0' x 0'
2nd Floor
No
4
0' x 0'
2nd Floor
Yes
3
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Separate Entrance, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Private Entrance
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Front Yard, Interior Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Red Deer County
Zoning:
R1-A
Listed Date:
Oct 24, 2024
Days on Mkt:
  • Photo 1: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    THIS WAS A PREVIOUS BUILD OF THIS FLOORPLAN, SUBJECT HOME WILL NOT BE THE SAME
  • Photo 2: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Selections
  • Photo 3: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 4: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 5: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 6: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 7: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 8: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 9: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 10: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 11: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 12: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 13: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 14: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 15: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 16: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 17: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 18: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Photos are examples from a previous built home of this floorplan, and do not necessarily reflect the finishes and colours used in this home
  • Photo 19: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Main Floor
  • Photo 20: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    2nd Floor
  • Photo 21: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Undeveloped Basement
  • Photo 22: 122 Mann Drive: Penhold Detached for sale : MLS®# A2175320
    Subdivision
Listed by RE/MAX real estate central alberta
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$350,000
Min list price:
$334,900
Max list price:
$685,000
Avg days on market:
20
Min days on market:
8
Max days on market:
113
Avg price per sq.ft.:
$246.83
These statistics are generated based on the current listing's property type and located in Penhold. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706