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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.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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242 Dawson Wharf Rise
Dawson's Landing Chestermere T1X 2X4

$626,283
Residential beds: 3 baths: 3.0 1,890 sq. ft. built: 2025

Main Photo: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
Photo 1: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
Photo 2: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
Photo 3: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175268
Bedrooms:
3
Bathrooms:
3
Year Built:
2025
** Broadview Homes builder discount of $60,000.00 has been deducted from the listing price! ** Welcome to the Jasmine; presented by Broadview Homes. This CORNER LOT home has 1890 SqFt of living space with a beautiful open floor plan, walkthrough pantry, upper level bonus room and upper level laundry! This brand new home is built with luxurious finishes and comfort in mind. The gorgeous kitchen is finished with 42inch upper cabinets, soft closed cabinets doors & drawers, stainless steel appliances and a large centre island with barstool seating. The walkthrough pantry that connects the kitchen to the mudroom is designed with convenience in mind! The kitchen, dining nook and great room are an open floor plan with 9Ft ceilings and plenty of natural light which all compliment and emphasize the size of home. The main level is complete with a 2pc powder room. Upstairs holds 3 bedrooms, a bonus room and laundry. The spacious primary bedroom is paired with a 4pc ensuite bathroom and a walk-in closet. Bedrooms 2 & 3 are both a great size; these share the main 4pc bath. The upper level bonus room is a treat for evening seating with the family. The laundry is conveniently located upstairs near all the bedrooms too. Downstairs, the basement has a separate side entry, 9 Ft ceilings, and plumbing rough-ins so the space is ready to grow with your family's needs! This home is outfitted with a 200 AMP panel, double attached front garage & a large driveway! Hurry and book a showing at your brand new home built by Broadview 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:
1,890 sq. ft.
Main Level Finished Area:
864 sq. ft.
Upper Level Finished Area:
1,026 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,187 sq. ft.
Lot Frontage:
29'
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:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
7
Year built:
2025 (Age: -)
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:
Vinyl Siding, Wood Frame
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway, Garage Faces Front, On Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
HOA Fee:
$210.00
Dawson's Landing
Other
Dishwasher, Garage Control(s), Range Hood, Refrigerator, Stove(s)
N/A
None Known
Floor
Type
Size
Other
Main Floor
Great Room
14'7" × 14'2"
Main Floor
Pantry
7'2" × 6'3"
Main Floor
Mud Room
6'9" × 6'7"
Main Floor
Breakfast Nook
10' × 8'10"
Main Floor
Kitchen
11' × 10'
Main Floor
Foyer
6'9" × 6'6"
Upper Level
Bedroom - Primary
12'5" × 12'
Upper Level
Bedroom
10'1" × 8'10"
Upper Level
Laundry
6'1" × 4'8"
Upper Level
Bonus Room
16'9" × 10'8"
Upper Level
Walk-In Closet
8'2" × 5'
Upper Level
Bedroom
9'11" × 8'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'
Upper Level
No
4
5' x 12'2"
Upper Level
Yes
4
5' x 12'2"
Title to Land:
Fee Simple
Community Features:
Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Walk-In Closet(s)
Exterior Features:
Lighting, Rain Gutters
Patio And Porch Features:
None
Lot Features:
Corner Lot, Level, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Chestermere
Zoning:
R-3
Listed Date:
Oct 25, 2024
Days on Mkt:
  • Photo 1: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
    Photo 1 of 3
  • Photo 2: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
    Photo 2 of 3
  • Photo 3: 242 Dawson Wharf Rise: Chestermere Semi Detached (Half Duplex) for sale : MLS®# A2175268
    Photo 3 of 3
Listed by RE/MAX Crown
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