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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21 Cimarron Estates
Cimarron Estates Okotoks T1S 0M9

$1,000,000
Residential beds: 2 baths: 2.0 1,560 sq. ft. built: 2023

Main Photo: 21 Cimarron Estates: Okotoks Detached for sale : MLS®# A2174514
Photo 1: 21 Cimarron Estates: Okotoks Detached for sale : MLS®# A2174514
Photo 2: 21 Cimarron Estates: Okotoks Detached for sale : MLS®# A2174514
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Photo 49: 21 Cimarron Estates: Okotoks Detached for sale : MLS®# A2174514
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174514
Bedrooms:
2
Bathrooms:
2
Year Built:
2023
Pulling up to this custom-built 2023 bungalow in Cimarron Estates, you’ll be struck by its outstanding curb appeal, nestled on a spacious 1/3 acre lot. The home backs onto serene greenspace and a peaceful pond, offering a perfect blend of natural beauty and privacy. Step inside, and you'll be greeted by high ceilings and quality white oak laminate flooring, setting the tone for this elegant home. The living room, with its large windows, provides stunning views of the pond and greenspace to the South, making it the ideal space to relax and unwind by the marble gas fireplace. The heart of this home is the dream kitchen, featuring sleek stainless steel appliances, including a gas stove and oven, under-counter microwave, and a third drawer dishwasher. There’s ample counter space and storage, perfect for both everyday living and entertaining. The open concept design flows seamlessly into the dining area, making it the perfect gathering spot for family and friends. The primary bedroom is a true retreat, complete with a private entrance to the covered deck. The ensuite boasts a double vanity, two-seat shower, and a deep soaker tub, with a walk-in closet conveniently connected to the mudroom and laundry area. The mudroom offers plenty of hooks, closed-in washer and dryer space, and easy access to the garage. The double attached garage with floor drain is insulated and drywalled. A spacious second bedroom, ideal for a guest room or office, has jack-and-jill access to a full bathroom and its own walk-in closet. The unfinished basement, with its impressive 9-foot ceilings, is ready for your personal touch—whether you envision a home theatre, gym, or additional living space. Tons of storage space for all your extras and if you want to go green, this house has been roughed in with a conduit from the roof to the basement for easy install of a future solar panel system. Outside, the professionally landscaped yard, completed in 2023, offers easy maintenance with an eight-zone Rainbird sprinkler system, rock gravel edging, and a patio stone border. The covered deck, complete with a gas outlet for a BBQ or fire pit, is the perfect spot to enjoy warm summer nights. This home also includes keypunch entry systems for added security and convenience, as well as Gemstone lighting for elegance and seasonal decor. Located in the prestigious Cimarron Estates, this home offers not only luxury living but also the appeal of small-town charm in Okotoks. Just minutes from schools, parks, shopping, and the Dawgs baseball stadium, you’ll enjoy the best of both worlds—quiet, spacious living with all the amenities you need close by. Okotoks is known for its vibrant community, scenic surroundings, and friendly atmosphere, making it the perfect place to call home. Don’t miss out on this exceptional opportunity, schedule your private viewing 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:
1,560 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
13,449 sq. ft.
Lot Frontage:
66'1"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
2023 (Age: 1)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1410732
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Composite Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Main Level
Cimarron Estates
Dishwasher, Dryer, Gas Range, Microwave, Range Hood, Refrigerator, Washer
Shed with items RYOBI: 20" self propelled lawn mower, weed trimmer, leaf blower, power washer and four 40V batteries, hoses (two 100' and one 50') with their containers, tv, all attached shelves, mirrors, sheer/opaque blinds and deer fence
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Entrance
8' × 6'10"
Main Floor
Living Room
14'5" × 14'
Main Floor
Dining Room
13' × 9'10"
Main Floor
Kitchen
13'5" × 10'1"
Main Floor
Mud Room
13'6" × 5'
Main Floor
Bedroom - Primary
13'10" × 13'
Main Floor
Bedroom
13'1" × 13'
Main Floor
Laundry
5'7" × 3'6"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
11'3" x 9'6"
Main Floor
No
4
7'9" x 5'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Double Vanity, High Ceilings, Quartz Counters
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Landscaped, Underground Sprinklers
Waterfront Features:
Pond
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 24, 2024
Days on Mkt:
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    Main Bath
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    2nd Bedroom / Den
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    Garage
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    Covered deck located with access from the Dining Room and the Primary Bedroom.
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    Pond and walking pathway.
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    Property located on the right of this photo with the lights on.
Listed by RE/MAX First
Data was last updated November 14, 2024 at 05:30 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