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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)

Contact Diane Richardson Easily With These Simple Steps:

  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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4308 Coronation Drive SW
Britannia Calgary T2S 1M2

$4,090,000
Residential beds: 5 baths: 10.0 6,143 sq. ft. built: 2021

Main Photo: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Photo 1: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Photo 2: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Photo 3: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Photo 4: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Photo 5: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
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Photo 42: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Photo 43: 4308 Coronation Drive SW in Calgary: Britannia Detached for sale : MLS®# A2151099
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2151099
Bedrooms:
5
Bathrooms:
10
Year Built:
2021
Welcome to this prestigious custom home of true craftsmanship in Britannia, located steps away from the renowned Calgary Golf & Country Club. This dream property offers luxurious living spaces and remarkable amenities. Prepare to be captivated by the ease of lifestyle and unparalleled living experience this property will provide. The grand foyer features two-story ceilings, an opulent chandelier, and ample hidden storage. The impressive staircase with wood detailing beckons exploration across four levels. Convenience is ensured by the spacious elevator connecting the 4-car garage to the fourth-floor entertainment space. This home boasts 5 bedrooms, all with ensuite bathrooms, totaling 10 bathrooms in this home for ultimate comfort and privacy. Spanning over 7,600 square feet, this custom build exudes refined ambiance. The main level showcases an open concept living room and kitchen with white oak flooring and custom cabinetry. A stunning fireplace and built-in cabinetry make the living room perfect for relaxation and gatherings. The gourmet kitchen is a literal chef's dream, equipped with both gas and induction ranges, 3 dishwashers, pot-filler faucet, double ovens, 2 refrigerators, a large island with seating, and a butler's pantry with a food prep area and deep freeze. The built-in Miele espresso/cappuccino machine ensures you can enjoy your own at-home cafe experience whenever you desire. Indulge in the pleasures of wine with the temperature-controlled, on-demand dispenser conveniently located in the living/kitchen area. Entertaining is effortless with a formal dining room that leads you to a secret living room with a fireplace - a cozy hideaway for after dinner relaxation. An informal dining area next to the kitchen offers additional seating options. Large sliding glass doors open to the outdoor living area, complete with a grilling kitchen and wood-burning fireplace. The backyard oasis includes a paved driveway, green space, and a custom hot tub area with shower, bathroom, and laundry. The second level comprises four bedrooms with ensuites, a laundry room, and ample storage. Included here is the primary suite offering luxurious amenities such as a fireplace, wet bar, and spacious ensuite and closet. Going up to another floor is a space designed for ultimate entertainment - a family room, wet bar, patio, and outdoor kitchen with stunning views of Calgary's downtown skyline. The basement is a haven for fun and recreation as it boasts a full bar, wine cellar with an old-world feel, family room/media area with a fireplace, a built-in golf simulator/viewing bar. Additional features of this level include an oversized garage with parking for six vehicles and a workshop area, storage rooms, guest suite, and two bathrooms. Words can hardly capture the magnificence of this property. Call today to book a private viewing and experience the sheer luxury and elegance of this outstanding home in person.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
6,143.35 sq. ft.
Main Level Finished Area:
2,838.89 sq. ft.
Upper Level Finished Area:
3,304.46 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,468.61 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
8,180 sq. ft.
Lot Frontage:
69'11"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Three Or More
Total Rooms Above Grade:
10
Year built:
2021 (Age: 3)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
10.0 (Full:7, Half:3)
Plan:
2023GT
Heating:
In Floor, Fireplace(s), Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Stone, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Hardwood, Tile
Cooling:
Central Air
Fireplaces:
5
Fireplace Details:
Basement, Blower Fan, Decorative, Den, Family Room, Gas, Living Room, Mantle, Masonry, Primary Bedroom, Other, Outside, Raised Hearth, See Remarks, Stone, Tile, Wood Burning
Garage:
1
Garage Spaces:
4
Parking:
Alley Access, Concrete Driveway, Driveway, Enclosed, Garage Door Opener, Garage Faces Rear, Heated Garage, Insulated, On Street, Other, Oversized, Paved, Quad or More Attached, Rear Drive, See Remarks, Underground, Workshop in Garage
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Laundry Room, Lower Level, Main Level, Multiple Locations, See Remarks, Sink, Upper Level
Britannia
Bar Fridge, Built-In Freezer, Built-In Gas Range, Built-In Range, Built-In Refrigerator, Central Air Conditioner, Dishwasher, Disposal, Double Oven, Dryer, Freezer, Garage Control(s), Garburator, Induction Cooktop, Microwave, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked, Window Coverings, Wine Refrigerator
Wine preserver unit (in living room), 2 built-in BBQ's, 5 dishwashers, steam oven, cigar humidor
Call Lister
Floor
Type
Size
Other
Main Floor
Den
17'5" × 10'
Main Floor
Dining Room
25'7" × 12'2"
Main Floor
Kitchen
24'5" × 18'6"
Main Floor
Laundry
7'11" × 6'4"
Main Floor
Living Room
26'1" × 25'10"
Main Floor
Breakfast Nook
13' × 9'6"
Main Floor
Office
15' × 13'6"
Main Floor
Pantry
12'3" × 7'
Main Floor
Porch - Enclosed
29'7" × 15'6"
2nd Floor
Bedroom
15'7" × 15'1"
2nd Floor
Bedroom
18'8" × 14'6"
2nd Floor
Bedroom
18'9" × 15'8"
2nd Floor
Laundry
12' × 9'
2nd Floor
Bedroom - Primary
23'2" × 17'3"
2nd Floor
Nook
11'6" × 7'2"
3rd Floor
Family Room
28'5" × 13'1"
Basement
Other
16'3" × 6'7"
Basement
Bedroom
18'3" × 11'11"
Basement
Other
14'4" × 13'2"
Basement
Game Room
34'7" × 18'3"
Basement
Storage
5'5" × 2'10"
Basement
Furnace/Utility Room
17' × 13'7"
Basement
Wine Cellar
15' × 6'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'2" x 7'1"
Main Floor
No
2
4'9" x 5'3"
Main Floor
No
5
13' x 9'8"
2nd Floor
Yes
3
6'1" x 10'1"
2nd Floor
Yes
3
10'1" x 6'10"
2nd Floor
Yes
4
10'1" x 6'
2nd Floor
Yes
6
12'6" x 12'8"
3rd Floor
No
3
4'11" x 11'
Basement
No
2
4'1" x 6'4"
Basement
Yes
3
5' x 10'9"
Title to Land:
Fee Simple
Community Features:
Golf, Other, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bar, Bookcases, Breakfast Bar, Built-in Features, Central Vacuum, Chandelier, Closet Organizers, Crown Molding, Double Vanity, Elevator, French Door, Granite Counters, High Ceilings, Jetted Tub, Kitchen Island, Low Flow Plumbing Fixtures, Natural Woodwork, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Recreation Facilities, See Remarks, Separate Entrance, Steam Room, Stone Counters, Storage, Sump Pump(s), Vaulted Ceiling(s), Walk-In Closet(s), WaterSense Fixture(s), Wet Bar
Exterior Features:
Barbecue, Built-in Barbecue, Gas Grill, Lighting, Other, Outdoor Grill, Outdoor Kitchen, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, Enclosed, Other, Patio, Rooftop Patio, Screened, See Remarks
Lot Features:
Back Lane, Back Yard, City Lot, Front Yard, Lawn, Low Maintenance Landscape, Landscaped, Level, Street Lighting, Underground Sprinklers, Yard Lights, Other, Rectangular Lot, Treed, Views
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C1
Listed Date:
Jul 19, 2024
Days on Mkt:
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Virtual Tour

Additional Images

Listed by Tink
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
4,962
Avg list price:
$589,900
Min list price:
$159,900
Max list price:
$10,000,000
Avg days on market:
33
Min days on market:
1
Max days on market:
471
Avg price per sq.ft.:
$435.91
These statistics are generated based on the current listing's property type and located in Calgary. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706