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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21 Drake Landing Square
Drake Landing Okotoks T1S 0R4

$645,900
Residential beds: 2 baths: 2.0 1,275 sq. ft. built: 2024

Main Photo: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 1: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 2: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 3: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 4: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 5: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 6: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 7: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 8: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 9: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 10: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 11: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 12: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 13: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 14: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 15: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 16: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 17: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 18: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 19: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 20: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 21: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Photo 22: 21 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2162979
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162979
Bedrooms:
2
Bathrooms:
2
Year Built:
2024
Title: Contemporary Bungalow Villa: A Unique Haven for Snowbirds with Luxury Features. Nestled in the picturesque landscape of Drake Landing in Okotoks, this contemporary bungalow villa offers a unique retreat for snowbirds seeking the perfect blend of comfort and luxury. Boasting an array of upscale features including vaulted ceilings, a pristine white kitchen, and a spacious rear oversized double garage, this residence is designed to elevate the snowbird lifestyle. Let's explore the distinctive features that set this villa apart as an ideal haven for seasonal living. Crafted with meticulous attention to detail, this bungalow villa showcases a thoughtfully designed layout that maximizes both functionality and aesthetic appeal. The open-concept floor plan seamlessly integrates the living spaces, creating an inviting environment for relaxation and entertainment. The heart of the home is the stunning white kitchen, where culinary aspirations come to life against a backdrop of sleek design and premium finishes. Featuring a spacious pantry, expansive island, and quartz countertops throughout, this culinary haven is equipped to satisfy the most discerning of tastes. Whether preparing a gourmet meal or enjoying a casual breakfast, residents will appreciate the elegance and efficiency of this well-appointed space. Retreat to the lavish comforts of the master suite, where tranquility and sophistication converge to create an oasis of relaxation. Boasting a luxury ensuite complete with walk-in shower, double vanity, and exquisite finishes, this private sanctuary offers a spa-like experience within the confines of home. A generously sized walk-in closet provides ample storage space for wardrobe essentials, ensuring both convenience and style for discerning residents. A second bedroom provides versatility and comfort for guests or family members, with ample space and natural light to create a cozy retreat. An adjacent full bath, finished with modern fixtures and tasteful accents, offers convenience and privacy for residents and visitors alike. The undeveloped space presents an exciting opportunity for snowbirds to customize their winter retreat according to their unique preferences and lifestyle. Whether envisioned as a hobby room, home office, or additional living area, this versatile space offers endless possibilities for personalization and enjoyment. In conclusion, this contemporary bungalow villa represents the epitome of luxury living for snowbirds seeking a unique retreat. From the vaulted ceilings and white kitchen to the master suite with luxury ensuite, every aspect of this residence has been crafted with the utmost attention to detail and quality. Welcome to a lifestyle of comfort, elegance, and relaxation in the heart of Drake Landing.All landscaping will be completed. Just move in and enjoy.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow, Side by Side
Total Living Area:
1,275 sq. ft.
Main Level Finished Area:
1,275 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$246.00
Condo Fee Includes:
Insurance, Maintenance Grounds, Parking, Snow Removal, Trash
HOA Fee Includes:
Lot Area:
3,541 sq. ft.
Lot Frontage:
23'1½"
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:
Unit Exposure:
North
Floor Location:
Below Grade
Entry Level:
1
Levels:
One
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2024 (Age: 0)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
1611981
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
Alves Construction Ltd.
New Constr.:
Yes
Construction Material:
Mixed
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Concrete, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Decorative, Electric, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Faces Rear
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Hall
Condo Fee Frequency:
Monthly
Z-name Not Listed
Drake Landing
Snow Removal, Trash, Visitor Parking
Dishwasher, Electric Range, Microwave, Range Hood, Refrigerator, Washer/Dryer
none
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Great Room
13'5" × 13'
Main Floor
Dining Room
14'5" × 10'8"
Main Floor
Kitchen
16'4" × 9'3"
Main Floor
Bedroom - Primary
13' × 11'
Main Floor
Bedroom
10'7" × 9'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Main Floor
Yes
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Park
Interior Features:
No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Deck
Lot Features:
Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
Partial
Region:
Foothills County
Zoning:
TN
Listed Date:
Sep 03, 2024
Days on Mkt:
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Listed by RE/MAX Complete Realty
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
109
Avg list price:
$658,500
Min list price:
$265,000
Max list price:
$3,995,000
Avg days on market:
17
Min days on market:
1
Max days on market:
200
Avg price per sq.ft.:
$410.75
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