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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122 Magnolia Drive SE
Mahogany Calgary T3M 2B6

$689,900
Residential beds: 4 baths: 3.0 1,883 sq. ft. built: 2024

Main Photo: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
Photo 1: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
Photo 2: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
Photo 3: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
Photo 4: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
Photo 5: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
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Photo 44: 122 Magnolia Drive SE in Calgary: Mahogany Detached for sale : MLS®# A2172934
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172934
Bedrooms:
4
Bathrooms:
3
Year Built:
2024
Welcome to the Beautiful Mahogany community. One WORD…WOW! That’s what you'll say once you walk into this fully upgraded, 2024 Brand new home. Mahogany living is perfect for those who love to have Bicycle pathways, water activities and nature living right at the doorstep. Brand New home never lived in with 4 Bed + 3 Bath + Bonus Room. Excellent upgrades like 9ft main floor ceiling and 9ft basement Ceiling height along with the Open concept design and dream kitchen with all stainless-steel appliances. which comes with the Lake Mahogany Privileges. All workmanship is completed by Hopewell home builders and the house comes with full builders warranty for your peace of mind. Residents of this esteemed LAKE COMMUNITY are granted access to a variety of amenities, including PRIVATE LAKE ACCESS, recreational facilities, and walking trails. Indulge in water activities such as BOATING, FISHING, or simply basking in the sun on the community BEACH. Voted as Canada’s community of the year, Mahogany is widely considered one of the most popular communities with an endless list of retail, dining and entertainment options alongside a picturesque wetland pathway system, multiple schools and the crown jewel of Lake Mahogany, the largest freshwater lake in Calgary. The lake offers over 84 acres of combined lake and beachfront for endless winter and summer fun!
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:
1,883.38 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
2,870 sq. ft.
Lot Frontage:
25'11"
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
2410897
Heating:
Forced Air
Basement:
Separate/Exterior Entry, Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Composite Siding, Other
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Concrete, Stone, Tile, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Parking Pad
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Laundry Room
HOA Fee:
$570.00
Mahogany
None
Dishwasher, Dryer, Electric Oven, Electric Stove, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer
All APPLIANCES
None Known
Floor
Type
Size
Other
Main Floor
Living/Dining Room Combination
11'1" × 6'6"
Main Floor
Living Room
16'10" × 12'8"
Main Floor
Bedroom
13' × 11'8"
Main Floor
Kitchen
13'8" × 10'8"
Upper Level
Bedroom
10'2" × 9'5"
Upper Level
Laundry
8'3" × 5'1"
Upper Level
Bedroom
13'8" × 9'5"
Upper Level
Bonus Room
16'8" × 13'8"
Upper Level
Bedroom - Primary
14'10" × 13'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'1" x 8'3"
Upper Level
No
5
12'1" x 5'1"
Upper Level
Yes
3
10'1" x 5'9"
Title to Land:
Fee Simple
Community Features:
Other, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
Bathroom Rough-in, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Primary Downstairs, Quartz Counters
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Oct 14, 2024
Days on Mkt:
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Listed by RE/MAX iRealty Innovations
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
103
Avg list price:
$678,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
39
Min days on market:
1
Max days on market:
375
Avg price per sq.ft.:
$456.06
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706