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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

  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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A/B 5333 76 Street
Normandeau (Red Deer) Red Deer T4P 2J5

$525,000
Residential beds: 5 baths: 4.0 1,725 sq. ft. built: 2021

Curb
Photo 1: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 2: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 3: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 4: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 5: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 6: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 7: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 8: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 9: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 10: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
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Photo 22: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 23: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 24: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 25: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
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Photo 43: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 44: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 45: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 46: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 47: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Photo 48: A/B 5333 76 Street: Red Deer Detached for sale : MLS®# A2161808
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161808
Bedrooms:
5
Bathrooms:
4
Year Built:
2021
This custom-built 2.5 storey home in Normandeau is a luxury-style residence without the luxury price tag, making it a standout in Central Alberta’s mid-range housing market. Offering a rare legal basement suite with a separate entrance, it’s perfect as a mortgage helper or for extended family living. Built by the homeowner with meticulous attention to detail, this property is fully permitted, inspected, and covered under the New Home Warranty program. The main level welcomes you with a grand foyer leading to an open-concept living space featuring vaulted ceilings. The elevated living room showcases a multi-coffered ceiling with feature lights, a floor-to-ceiling mantle with an electric fireplace plumbed for natural gas, and a large picture window that bathes the space in natural light. The chef's kitchen is a dream, centered around a spacious island with outlets and storage on both sides. It includes a custom-made stainless steel range hood above the built-in electric cooktop, along with stainless steel appliances such as a fridge, dishwasher, and dual stacked convection air-fryer ovens. Quartz countertops run through the kitchen, upstairs bathrooms, and the second-level laundry room. The second floor hosts a master suite designed for ultimate comfort, featuring an ensuite with a separate tub, a walk-in tiled shower with multiple heads, and a walk-through closet leading to a dedicated laundry room with an oversized washer/dryer and quartz countertops. Another bedroom completes the upper level. The rear entrance serves as a practical mudroom with a half bath and space for an additional washer/dryer, making it versatile for potential rental or guest space. Outdoor living is made easy with a covered front porch and a large rear deck piped for natural gas. The legal basement suite, one of the few in Normandeau, offers in-floor heating, a separate entrance, and its own washer/dryer. It includes two large bedrooms, a four-piece bathroom with multi-shower heads and a heated towel rack, and an open-concept living area with a walk-in pantry and stainless steel appliances. The oversized, heated double detached garage with rear alley access adds to the home’s appeal. Additional features include wiring for under-cabinet lighting, exterior holiday lights, and extensive exterior lighting for a striking nighttime appearance. Each room is wired for TV and internet, with security wiring designated in the master walk-in closet. Situated off a main street for easy access to Gaetz Avenue, the home is within walking distance to two elementary schools, shopping, bus stops, churches, and a variety of businesses and restaurants. This luxury-style home offers exceptional value with mid-range pricing, making it an ideal choice for those seeking both comfort and financial practicality in the heart of Normandeau. The homeowner is currently finishing trim work which will all be completed prior to possession unless a new buyer wants to add their own finishing touches making it truly your own!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 and Half Storey
Total Living Area:
1,725 sq. ft.
Main Level Finished Area:
1,152 sq. ft.
Upper Level Finished Area:
572 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,013 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,000 sq. ft.
Lot Frontage:
50'
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
Levels:
2 and Half Storey
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
2021 (Age: 3)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
7820179
Heating:
In Floor, Fireplace(s), Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
Builder:
Homeowner
New Constr.:
Yes
Construction Material:
Concrete, Manufactured Floor Joist, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Laminate, Tile
Cooling:
None, Sep. HVAC Units
Fireplaces:
1
Fireplace Details:
Blower Fan, Electric, Gas, Living Room, Mantle, Tile
Garage:
1
Garage Spaces:
2
Parking:
220 Volt Wiring, Additional Parking, Alley Access, Double Garage Detached, Garage Door Opener, Garage Faces Rear, Heated Garage, Insulated, Off Street, On Street, RV Access/Parking
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Multiple Locations
Normandeau (Red Deer)
Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer
Main Level -Refrigerator, Dishwasher, Electric Cook Top, Custom Built Range Hood, Convection Air-Fryer (2), Washer/Dryer, Wood Chandelier. Suite - Refrigerator, Dishwasher, Oven/Stove, Washer/Dryer. Garage Door Opener and One Remote, any and all Window Coverings, Shed, Ceiling Fans
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
13'11" × 8'7"
Main Floor
Kitchen
13'11" × 11'2"
Main Floor
Living Room
17'11" × 13'7"
Main Floor
Mud Room
10' × 6'1"
Main Floor
Bedroom
14'2" × 11'3"
Main Floor
Furnace/Utility Room
7'1" × 3'8"
2nd Floor
Bedroom
10'3" × 9'10"
2nd Floor
Laundry
8'2" × 5'11"
2nd Floor
Bedroom - Primary
13'8" × 13'3"
2nd Floor
Walk-In Closet
8'2" × 7'5"
Suite
Bedroom
11'4" × 8'5"
Suite
Dining Room
12'5" × 8'6"
Suite
Foyer
7'3" × 4'7"
Suite
Kitchen
12'10" × 10'6"
Suite
Bedroom - Primary
13'2" × 12'8"
Suite
Furnace/Utility Room
4'10" × 2'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
3' x 6'6"
Main Floor
No
4
5'1" x 12'2"
2nd Floor
Yes
4
4'11" x 13'3"
Suite
No
4
4'11" x 8'9"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Built-in Features, Ceiling Fan(s), High Ceilings, Kitchen Island, No Animal Home, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Separate Entrance, Tray Ceiling(s), Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s), Wired for Sound
Exterior Features:
BBQ gas line, Lighting, Storage
Patio And Porch Features:
Deck, Front Porch, Rear Porch
Lot Features:
Back Lane, Back Yard, Fruit Trees/Shrub(s), Few Trees, Front Yard, Lawn, Gentle Sloping, Street Lighting, Rectangular Lot
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Red Deer
Zoning:
R-L
Listed Date:
Aug 30, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Royal Lepage Network Realty Corp.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
280
Avg list price:
$412,450
Min list price:
$93,900
Max list price:
$2,399,900
Avg days on market:
32
Min days on market:
1
Max days on market:
417
Avg price per sq.ft.:
$324.69
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706