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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3503 Varal Road NW
Varsity Calgary T3A 0A4

$974,900
Residential beds: 5 baths: 4.0 1,791 sq. ft. built: 1969

Main Photo: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 1: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 2: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 3: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 4: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 5: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 6: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 7: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Photo 8: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
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Photo 47: 3503 Varal Road NW in Calgary: Varsity Detached for sale : MLS®# A2171314
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171314
Bedrooms:
5
Bathrooms:
4
Year Built:
1969
Welcome to this unique opportunity to own a spacious home in Calgary’s highly sought-after neighborhood of Varsity! With over 3,000 sq ft of developed space, this 70 x 120 lot property is tucked away on a quiet cul-de-sac, surrounded by mature spruce trees that provide exceptional privacy. This home is ready for your personal touch, offering endless renovation possibilities to create your dream space. As you step inside, you’ll find a welcoming layout with vaulted, beamed ceilings in the front living area, complemented by a cozy wood-burning brick fireplace, perfect for relaxing and entertaining. An arched doorway leads you into a versatile den or flex area that could serve as a home office, pantry, or formal dining room. The kitchen, which offers a lovely view of the private, tree-lined yard, has plenty of space for a breakfast nook and connects seamlessly to the family room. Step outside into your own private oasis with a spacious backyard, where you'll find a new shed for all your outdoor essentials. Back inside, the main floor is complete with a 3-piece bath and a main floor bedroom, offering convenience and flexibility. Head upstairs to find three bedrooms, including a primary suite with its own 2-piece bath. The two additional bedrooms share a 4-piece bathroom. The finished basement features a large recreational room, a fifth bedroom with a 3-piece ensuite, and an oversized storage room with built-in shelving. An attached double garage rounds out this home’s impressive features. Its prime location is close to the University of Calgary, Alberta Children’s Hospital, Market Mall, and the Brentwood LRT station. Varsity is a prestigious executive community that offers top-rated schools, including Christine Meikle School, F.E. Osborne School, Marion Carson School, St. Vincent de Paul School, and Varsity Acres School. With just an 15-20 minute drive to the airport and a 10-15 minute commute to downtown, this location is perfect for those seeking both tranquility and convenience. Enjoy having all the essentials within reach—from shopping at Market Mall to outdoor adventures along the Bow River. Don’t miss this chance to own in one of Calgary’s most desirable neighborhoods!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,791.44 sq. ft.
Main Level Finished Area:
1,218.68 sq. ft.
Upper Level Finished Area:
572.76 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,218.68 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
8,395 sq. ft.
Lot Frontage:
65'3⅛"
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:
Two
Total Rooms Above Grade:
9
Year built:
1969 (Age: 55)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
5886JK
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle, See Remarks, Tar/Gravel
Ensuite:
Yes
Flooring:
Carpet, Linoleum, Tile
Cooling:
None
Fireplaces:
2
Fireplace Details:
Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Laundry Room
Varsity
Dishwasher, Dryer, Refrigerator, Stove(s), Washer
N/A
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
15'11" × 10'2"
Main Floor
Dining Room
11' × 10'8"
Main Floor
Living Room
19'6" × 14'4"
Main Floor
Foyer
14'2" × 4'10"
Main Floor
Family Room
15' × 10'8"
Main Floor
Bedroom
14' × 10'4"
Upper Level
Bedroom - Primary
12'8" × 10'8"
Upper Level
Bedroom
11'4" × 8'6"
Upper Level
Bedroom
11'4" × 9'2"
Basement
Laundry
10'6" × 10'
Basement
Game Room
25'8" × 13'6"
Basement
Storage
16'10" × 14'
Basement
Other
10'6" × 8'
Basement
Bedroom
23' × 10'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
4' x 8'
Upper Level
No
4
5' x 9'4"
Upper Level
Yes
2
4'8" x 7'6"
Basement
Yes
3
3'10" x 4'8"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Beamed Ceilings, Built-in Features, No Animal Home, See Remarks, Vaulted Ceiling(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Patio
Lot Features:
Back Yard, Cul-De-Sac, Lawn, Many Trees, Private, Rectangular Lot, See Remarks, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NW
Zoning:
R-CG
Listed Date:
Oct 08, 2024
Days on Mkt:
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Listed by Century 21 Bamber Realty LTD.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$429,900
Min list price:
$195,800
Max list price:
$2,390,000
Avg days on market:
27
Min days on market:
5
Max days on market:
215
Avg price per sq.ft.:
$428.59
These statistics are generated based on the current listing's property type and located in Varsity. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706