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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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220 Stonemere Close
Westmere Chestermere T1X 0C5

$1,620,000
Residential beds: 4 baths: 3.0 2,094 sq. ft. built: 2016

Stunning Gemstone lights
Photo 1: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 2: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 3: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 4: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 5: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 6: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 7: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 8: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 9: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 10: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 11: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 12: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 13: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 14: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 15: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 16: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 17: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 18: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 19: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 20: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 21: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 22: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 23: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 24: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 25: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 26: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 27: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 28: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 29: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 30: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 31: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 32: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 33: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 34: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 35: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 36: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 37: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 38: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 39: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 40: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 41: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 42: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 43: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 44: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 45: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 46: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 47: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 48: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 49: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Photo 50: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2155119
Bedrooms:
4
Bathrooms:
3
Year Built:
2016
Welcome to your dream home in the prestigious community of Westmere, Chestermere. This stunning executive bungalow, built in 2016, offers an exquisite blend of luxury, comfort, and breathtaking views! Nestled on a spacious lot with panoramic lake views and backing onto protected marshland, this property provides an unparalleled living experience. With 2,094 sqft on the main level, this home boasts 10-foot ceilings and 8-foot doors on both levels, creating an open and airy atmosphere. Freshly painted interiors and custom blinds throughout enhance the modern aesthetic. The main floor living room features an electric fireplace surrounded by a stone wall, flanked by custom maple bookshelves. The soft-close cabinets provide storage, and mesh cabinets hide TV accessories, ensuring a seamless look. The kitchen is a chef's dream with ceiling-height maple cabinets-all soft close, quartz countertops, deep pot drawers, and a custom concrete kitchen island with a faux live edge. It includes a hidden appliance counter with safety features, a panelled fridge, and a pull-out pantry that blends seamlessly into the design. In addition, there is a substantial walk-in pantry that leads to the laundry room w/sink, both are off the entryway from the garage. The luxurious primary bedroom has patio doors that open onto the upper deck. The ensuite offers a separate water closet, electric heated floors, deep clothing drawers, jewelry drawers and a pulley system in the closet. It is adorned with faux wood floor tile that fully encases the shower, ensuring consistency and elegance. The fully developed walkout has heated floors with 3 separate zones and adds 1,977 sqft of living space. It features a double den, a spacious living area, 2nd primary bedroom with walk-through closet leading to a 4-piece bathroom with electric heated floors, and an additional fourth bedroom that comes with a sitting room, providing ample space for comfort and privacy. Installed in 2022 was a new boiler system for hot water and glycol heated floors and a water softener. The home is also equipped with a passive 116-gallon hot water tank and a sump pump. The A/C Unit has 3 separate zones as does the Forced Air System. Another upgrade is the ROXUL safe n’ sound soundproofing insulation to minimize sound transfer between floors and rooms. The property boasts a massive upper deck with a gas bib for outdoor heater or fire table. It offers stunning views of the lake and protected marshland, with direct access to walking paths, a dog park/beach, and the lake. The oversized lot is beautifully landscaped and maintained, providing a serene environment for relaxation and outdoor activities. This extraordinary bungalow in Westmere, Chestermere, is a rare gem that combines luxury living with the tranquility of nature. Don’t miss the opportunity to make this your forever home. Contact us today to schedule a private viewing.
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:
2,094.37 sq. ft.
Main Level Finished Area:
2,094.37 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,977.65 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
10,182 sq. ft.
Lot Frontage:
59'3"
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:
5
Year built:
2016 (Age: 8)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1113253
Heating:
In Floor, Forced Air
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, See Remarks, Tile
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Living Room
Garage:
1
Garage Spaces:
3
Parking:
220 Volt Wiring, Aggregate, Heated Garage, Insulated, RV Access/Parking, Triple Garage Attached, Workshop in Garage
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Laundry Room, Main Level, Sink
Westmere
Built-In Oven, Built-In Refrigerator, Central Air Conditioner, Dishwasher, Dryer, Electric Cooktop, Garage Control(s), Garburator, Microwave, Range Hood, Washer, Water Softener, Window Coverings
2 Garden Sheds, Office Furniture Desks and Credenza in Basement Office, Bench in Basement Entryway, Firepit, TV in Main Primary Ensuite Bathroom, Security System, Security Cameras, Wall Mounted Hook System in Garage, Brown Credenza in Garage
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Bedroom
15'1" × 10'11"
Main Floor
Breakfast Nook
14'11" × 6'
Main Floor
Foyer
9'2" × 8'9"
Main Floor
Kitchen
18'5" × 14'11"
Main Floor
Laundry
7'9" × 7'5"
Main Floor
Living Room
20'1" × 17'5"
Main Floor
Pantry
12'5" × 7'5"
Main Floor
Bedroom - Primary
16' × 15'1"
Main Floor
Walk-In Closet
11'4" × 8'4"
Basement
Bedroom
17' × 15'4"
Basement
Den
23'10" × 10'6"
Basement
Bedroom
15'4" × 11'9"
Basement
Game Room
23'11" × 20'11"
Basement
Storage
10'8" × 7'11"
Basement
Storage
10' × 7'5"
Basement
Furnace/Utility Room
18' × 7'11"
Basement
Walk-In Closet
8'8" × 8'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
7' x 4'10"
Main Floor
Yes
5
13'8" x 17'11"
Basement
No
4
8'8" x 9'4"
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Chandelier, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, No Smoking Home, Pantry, Quartz Counters, Recessed Lighting, Separate Entrance, Soaking Tub, Storage, Sump Pump(s), Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony, BBQ gas line, Fire Pit, Lighting, Storage
Patio And Porch Features:
Balcony(s), Front Porch, Patio
Lot Features:
Back Yard, Backs on to Park/Green Space, Environmental Reserve, No Neighbours Behind, Landscaped, Street Lighting, Views
Num. of Parcels:
0
Fencing:
Partial
Region:
Chestermere
Zoning:
R-1
Listed Date:
Aug 03, 2024
Days on Mkt:
  • Photo 1: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Stunning Gemstone lights
  • Photo 2: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 2 of 50
  • Photo 3: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Expansive Backyard
  • Photo 4: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Spacious front entryway
  • Photo 5: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Note: Feature Wall
  • Photo 6: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Main Floor Living Room
  • Photo 7: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Stunning Stone Fireplace
  • Photo 8: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 8 of 50
  • Photo 9: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Custom Concrete Island w/ faux live edge
  • Photo 10: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    LED Lights under Raised Eating Bar
  • Photo 11: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    RBG Strip Lights under Cabinets
  • Photo 12: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Hidden Appliance Counter
  • Photo 13: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Cuts power to appliances when doors are closed
  • Photo 14: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Utensil Drawer
  • Photo 15: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    NOTE: Panelled Fridge to match Cabinets
  • Photo 16: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 16 of 50
  • Photo 17: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Primary Bedroom-Main Floor
  • Photo 18: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 18 of 50
  • Photo 19: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Primary Ensuite
  • Photo 20: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 20 of 50
  • Photo 21: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Walk-In-Closet, Ensuite
  • Photo 22: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Note: Clothing Pulley System and Jewelry Drawers
  • Photo 23: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 23 of 50
  • Photo 24: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    2nd Bedroom Main Floor
  • Photo 25: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Main Floor 1/2 Bath
  • Photo 26: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Entryway from Garage
  • Photo 27: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Pantry
  • Photo 28: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Laundry Room
  • Photo 29: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Entryway from Garage
  • Photo 30: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 30 of 50
  • Photo 31: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Rec Room in Walkout
  • Photo 32: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 32 of 50
  • Photo 33: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Double Den
  • Photo 34: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    3rd Bedroom (or 2nd Primary Bedroom) in Basement
  • Photo 35: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 35 of 50
  • Photo 36: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Walk through closet
  • Photo 37: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Ensuite bathroom-basement
  • Photo 38: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    4th bedroom
  • Photo 39: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 39 of 50
  • Photo 40: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Gemstone Lights along the back of home
  • Photo 41: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Impressive Rundle Rock Wall
  • Photo 42: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    40' x 10' Upper Deck!
  • Photo 43: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 43 of 50
  • Photo 44: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 44 of 50
  • Photo 45: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 45 of 50
  • Photo 46: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Sunken Firepit w/Patio Stones
  • Photo 47: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 47 of 50
  • Photo 48: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Photo 48 of 50
  • Photo 49: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Mezzanine w/ Hydraulic Ladder
  • Photo 50: 220 Stonemere Close: Chestermere Detached for sale : MLS®# A2155119
    Currently a Workshop in the 3rd Bay of Garage

Virtual Tour

Virtual Tour

Listed by CIR Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
203
Avg list price:
$699,900
Min list price:
$258,000
Max list price:
$3,900,000
Avg days on market:
30
Min days on market:
1
Max days on market:
175
Avg price per sq.ft.:
$362.69
These statistics are generated based on the current listing's property type and located in Chestermere. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706