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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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109 525 River Heights Drive
River Song Cochrane T4C 3E3

$470,000
Residential beds: 3 baths: 3.0 1,289 sq. ft. built: 2023

Main Photo: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 1: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 2: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 3: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 4: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 5: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 6: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 7: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 8: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 9: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 10: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
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Photo 12: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 13: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 14: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 15: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 16: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 17: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 18: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 19: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 20: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 21: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Photo 22: 109 525 River Heights Drive: Cochrane Row/Townhouse for sale : MLS®# A2178181
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178181
Bedrooms:
3
Bathrooms:
3
Year Built:
2023
This beautifully maintained townhome at #109, 525 River Heights Drive is the perfect blend of modern design and practical functionality—no need to wait for new construction when this nearly-new property is available now, saving you the GST! This END UNIT townhome offers 2 PRIVATE PARKING STALLS, 3 BEDROOMS, and 3 BATHROOMS. The south-facing corner exposure means extra windows, flooding the living spaces with natural light all year long. Inside, the OPEN-CONCEPT MAINFLOOR features LUXURY VINYL FLOORING and upgraded fixtures, with a sleek white kitchen complete with QUARTZ COUNTERTOPS and a central kitchen island, ideal for busy mornings or hosting friends and family. The spacious living and dining areas are perfect for unwinding after a long day, further enhanced by the EXTRA WINDOWS that truly make the space feel open and airy. Upstairs, the master bedroom offers a private retreat with a walk-in closet and a full ensuite bath. Two additional bedrooms are perfect for children or guests, and the full 4-piece bath with a soaker tub is the perfect place to relax. UPSTAIRS LAUNDRY adds convenience to daily life. The basement is ready for your customization—a blank canvas that could become a 4th bedroom, a rec room, or even an additional bath. Plus, the home comes equipped with AIR CONDITIONING AND EFFICENT HRV SYSTEM, ensuring comfort and energy efficiency year-round. Location is key, and this property doesn't disappoint. Close to schools, scenic pathway networks, and the Spray Lakes Centre, the area is a haven for outdoor enthusiasts and families alike. Don’t miss out—book your showing today and make this stunning townhome yours!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,289 sq. ft.
Main Level Finished Area:
626 sq. ft.
Upper Level Finished Area:
663 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$271.30
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Parking, Professional Management, Snow Removal, Trash
HOA Fee Includes:
Lot Area:
1,770 sq. ft.
Lot Frontage:
20'⅛"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Two
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2311717
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Vinyl Siding, Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Garage:
0
Parking:
Additional Parking, Stall
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
River Song
Parking, Snow Removal, Trash, Visitor Parking
Central Air Conditioner, Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer Stacked, Window Coverings
none
None Known
Yes
Floor
Type
Size
Other
Main Floor
Living Room
11'11" × 11'4"
Main Floor
Kitchen
12'10" × 9'2"
Main Floor
Dining Room
9'11" × 7'5"
Main Floor
Mud Room
5'4" × 5'2"
Upper Level
Bedroom
11'7" × 11'3"
Upper Level
Walk-In Closet
5'8" × 4'2"
Upper Level
Bedroom
9'7" × 9'3"
Upper Level
Bedroom
10'7" × 9'2"
Upper Level
Laundry
3'8" × 3'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'5"
Upper Level
Yes
4
4'11" x 7'10"
Upper Level
No
4
4'11" x 7'10"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, Kitchen Island, No Smoking Home, Open Floorplan, Quartz Counters, Vinyl Windows
Exterior Features:
Private Entrance
Patio And Porch Features:
Front Porch
Lot Features:
Lawn, Landscaped, Level, Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Rocky View County
Zoning:
(R-MD)
Listed Date:
Nov 08, 2024
Days on Mkt:
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Listed by 2% Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
188
Avg list price:
$661,950
Min list price:
$249,900
Max list price:
$1,375,000
Avg days on market:
33
Min days on market:
1
Max days on market:
398
Avg price per sq.ft.:
$370.99
These statistics are generated based on the current listing's property type and located in Cochrane. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706