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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  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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330 Magnolia Way SE
Mahogany Calgary T3M 3S6

$784,900
Residential beds: 3 baths: 3.0 2,161 sq. ft. built: 2024

Main Photo: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
Photo 1: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
Photo 2: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
Photo 3: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
Photo 4: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
Photo 5: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171128
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Welcome to The Luna by Hopewell Residential, a home designed to elevate your lifestyle with its blend of contemporary design and family-friendly functionality. This space adapts to your needs, offering a versatile layout that reflects your unique style. At the heart of the home is the central kitchen, a perfect gathering place for entertaining. The space is both stylish and functional, featuring modern finishes and a stainless steel appliance package that makes culinary endeavours a pleasure. Sunlight floods the back of the home through expansive south-facing windows, creating a warm and inviting atmosphere. The dining area is perfect for family meals or holiday gatherings and seamlessly connects to the backyard, making outdoor entertaining easy. One of the standout features of this home is the versatile main floor flex space, complete with an adjacent 2-piece bathroom. This room is perfect for a home office, playroom, or reading room, offering the flexibility to meet your lifestyle needs. Upstairs, a generous entertainment room invites movie nights and game days. The primary suite is a true retreat, featuring a large walk-in closet and a luxurious ensuite. Two additional well-sized bedrooms share a second bathroom, ensuring that morning routines are a breeze. Adding even more value, the separate entrance and high foundation height offer an incredible opportunity for a future basement suite (A secondary suite would be subject to approval and permitting by the city/municipality), providing endless possibilities for extra living space, a rental unit, or a private area for extended family. Don’t miss the chance to own this exceptional property that combines style, comfort, and practicality. Schedule your viewing today and experience the elegance and versatility of The Luna for yourself.**Photos are from the show home/previous builds to demonstrate quality of construction & finishes and may not be an exact representation of this home**
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:
2,161 sq. ft.
Main Level Finished Area:
888 sq. ft.
Upper Level Finished Area:
1,273 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
3,379 sq. ft.
Lot Frontage:
29'4¾"
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:
Two
Total Rooms Above Grade:
8
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2311345
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Full, Unfinished
Foundation:
Poured Concrete
Builder:
Hopewell Residential
New Constr.:
Yes
Construction Material:
Brick, Cement Fiber Board, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
HOA Fee:
$570.00
Mahogany
Recreation Facilities
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator
N/A
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
11'6" × 11'5"
Main Floor
Dining Room
11'6" × 11'5"
Main Floor
Kitchen
11'4" × 10'4"
Main Floor
Flex Space
9'3" × 9'
Main Floor
Foyer
7'8" × 6'7"
Main Floor
Mud Room
7'8" × 5'6"
Upper Level
Bonus Room
14' × 11'9"
Upper Level
Bedroom - Primary
15'8" × 11'4"
Upper Level
Bedroom
11'4" × 11'3"
Upper Level
Bedroom
11'4" × 11'3"
Upper Level
Laundry
7'1" × 5'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
7'8" x 5'
Upper Level
Yes
5
9'10" x 11'
Upper Level
No
5
7'8" x 8'
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Double Vanity, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Quartz Counters, Vinyl Windows
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Back Yard, Level, Street Lighting, Rectangular Lot, Zero Lot Line
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Oct 07, 2024
Days on Mkt:
  • Photo 1: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
    Photo 1 of 5
  • Photo 2: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
    Photo 2 of 5
  • Photo 3: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
    Photo 3 of 5
  • Photo 4: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
    Photo 4 of 5
  • Photo 5: 330 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2171128
    Photo 5 of 5
Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$673,900
Min list price:
$284,999
Max list price:
$2,795,000
Avg days on market:
37
Min days on market:
1
Max days on market:
376
Avg price per sq.ft.:
$455.77
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