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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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191 DAWSON WHARF Rise
Dawson's Landing Chestermere T1X 2X3

$660,000
Residential beds: 3 baths: 3.0 1,972 sq. ft. built: 2024

Main Photo: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 1: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 2: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 3: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 4: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 5: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 6: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
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Photo 35: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Photo 36: 191 DAWSON WHARF Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2169561
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169561
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Welcome to this fully upgraded BRAND NEW FRONT GARAGE EAST facing, Semi-Detached Duplex with almost 1982sqft backing onto GREEN SPACE AND FUTURE SCHOOL SITE which is located in the up and coming neighborhood of DAWSON LANDING in Chestermere. An excellent opportunity to own a brand new home without the wait. This 2024 Built, New & Never occupied homes comes with the warranties provided by the builder (Alberta New home Warranty). Throughout this house the selections are been made thoughtfully to call it home and build some beautiful memories. This brand new house features a lot of upgrades including huge LIVING AREA at the main floor, a bonus area upstairs, side entrance to the basement, 9 feet foundation, upgraded kitchen, ceiling height kitchen cabinets, Tray ceiling, knockdown ceiling and a lot more to explore. At the entrance this house features Open floor plan, Kitchen with stainless steel appliances, also features a large Island with quartz countertop, a separate dining area and a large and bright Living area at the back of the house. Upstairs starts with the massive primary bedroom with large windows, walk in closet and 4 pc Ensuite. 2 additional good size bedrooms with a family bathroom, a laundry room and a bonus area completes the upper level. Basement comes with side entrance, 2 large windows, 9 feet foundation and rough ins are ideal for future development and is awaiting your creative touches. Book your private showing today !!!
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Side by Side
Total Living Area:
1,972 sq. ft.
Main Level Finished Area:
866 sq. ft.
Upper Level Finished Area:
1,106 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,505 sq. ft.
Lot Frontage:
31'11"
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:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
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:
2311449
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Brick, Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
HOA Fee:
$210.00
Dawson's Landing
None
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
15'4" × 9'8"
Main Floor
Kitchen
15' × 11'10"
Main Floor
Living Room
13'7" × 10'5"
Main Floor
Mud Room
7' × 5'7"
Upper Level
Bedroom
14' × 10'
Upper Level
Bedroom
14' × 9'11"
Upper Level
Laundry
6'11" × 5'9"
Upper Level
Living Room
19'2" × 11'2"
Upper Level
Bedroom - Primary
18'1" × 13'8"
Upper Level
Walk-In Closet
9'1" × 5'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'9" x 5'9"
Upper Level
No
4
10'6" x 4'11"
Upper Level
Yes
4
5'8" x 14'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Bathroom Rough-in, Double Vanity, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Separate Entrance, Vinyl Windows
Exterior Features:
Playground
Patio And Porch Features:
None
Lot Features:
Back Yard, Backs on to Park/Green Space, No Neighbours Behind, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Chestermere
Zoning:
R-3
Listed Date:
Sep 30, 2024
Days on Mkt:
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Virtual Tour

3D Tour

Listed by PREP Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
214
Avg list price:
$657,000
Min list price:
$235,000
Max list price:
$3,150,000
Avg days on market:
39
Min days on market:
1
Max days on market:
228
Avg price per sq.ft.:
$359.1
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