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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4 Gardner Close
NONE Cayley T0L 0P0

$558,600
Residential beds: 2 baths: 2.0 1,364 sq. ft. built: 2024

Main Photo: 4 Gardner Close: Cayley Detached for sale : MLS®# A2139706
Photo 1: 4 Gardner Close: Cayley Detached for sale : MLS®# A2139706
Photo 2: 4 Gardner Close: Cayley Detached for sale : MLS®# A2139706
Photo 3: 4 Gardner Close: Cayley Detached for sale : MLS®# A2139706
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Photo 48: 4 Gardner Close: Cayley Detached for sale : MLS®# A2139706
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2139706
Bedrooms:
2
Bathrooms:
2
Year Built:
2024
This newly constructed bungalow in Cayley, AB is-sure to impress with its quality construction, modern design and thoughtful layout. With almost 1400 sq ft of living space, this home offers a comfortable and stylish living environment that is perfect for both relaxing and entertaining. The 9 ft ceilings add a sense of spaciousness and elegance to the living space. The high ceilings enhance the overall aesthetic appeal of home and create an airy and open feel throughout. Kitchen is fully equipped with quartz countertops, large pantry and island with double sink. Stainless steel appliances complete the modern look. The open concept layout allows for a seamless flow between the kitchen, living room, and dining room making it perfect for entertaining and family gatherings. The primary bedroom features a luxurious 4 pce ensuite with double sinks, large walk-in shower and a spacious walk-in closet. this private retreat offers a perfect blend of comfort and style, providing a serene and well appointed space for relaxation and rejuvenation. Completing the main level is a laundry room, second bedroom and a 4 pce bath. Everything you need on one level for easy and comfortable living. Home features an ICF foundation an energy-efficient furnace, all working together to reduce energy consumption and lower monthly utility costs. Additionally, a clean air system helps maintain a healthy indoor environment by circulating fresh air throughout the home. Basement is undeveloped, offering you the opportunity to customize and design the space to your personal taste and style. Additionally back yard will be completed to grade with topsoil ready for your customization. Cayley is just minutes to High River, Okotoks and Calgary. There is still time to pick your finishes and work with the builder allowing you to personalize the home and make it uniquely yours.
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:
1,364 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,705 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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
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:
1510552
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
ICF Block
New Constr.:
Yes
Construction Material:
ICFs (Insulated Concrete Forms), Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
NONE
Dishwasher, Garage Control(s), Microwave Hood Fan, Refrigerator, Stove(s)
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16' × 15'2"
Main Floor
Kitchen
15'2" × 11'4"
Main Floor
Bedroom - Primary
12'6" × 12'6"
Main Floor
Dining Room
21'8" × 12'7"
Main Floor
Bedroom
11'6" × 9'6"
Main Floor
Laundry
6'10" × 5'8"
Main Floor
Entrance
10'8" × 7'6"
Main Floor
Covered Porch
7'8" × 7'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'10" x 7'
Main Floor
No
4
10'5" x 5'
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby
Interior Features:
High Ceilings, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Sump Pump(s), Walk-In Closet(s)
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Corner Lot
Num. of Parcels:
0
Fencing:
None
Region:
Foothills County
Zoning:
R1
Listed Date:
Jun 09, 2024
Days on Mkt:
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Listed by eXp Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706