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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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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108 Magnolia Way SE
Mahogany Calgary T3M 2W6

$770,000
Residential beds: 4 baths: 4.0 1,663 sq. ft. built: 2021

Main Photo: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 1: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 2: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 3: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 4: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 5: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 6: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 7: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 8: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 9: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 10: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 11: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 12: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 13: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 14: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 15: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 16: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 17: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 18: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 19: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 20: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 21: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 22: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Photo 23: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172629
Bedrooms:
4
Bathrooms:
4
Year Built:
2021
Welcome to this exquisite 4-bedroom, 3.5-bathroom home, offering 2,375 square feet of developed living space in the sought-after lake community of Mahogany. Designed for modern living, this home features a chef's kitchen with sleek quartz countertops, a gas range, and top-of-the-line stainless steel appliances — perfect for culinary enthusiasts. The main floor features an open-concept layout that is flooded with natural light, thanks to extra windows and you’ll love the high ceilings in the living room. Upgrades are abundant, including beautiful hardwood floors, a smart home system, energy-efficient solar panels plus much more. The fully developed basement boasts a legal 1-bedroom suite with separate laundry and high ceilings — an ideal space for guests or additional rental income. Situated on a corner lot with tons of potential, you'll also enjoy private beach access, scenic walking paths, and convenient proximity to both Deerfoot and Stoney Trails. With amenities just minutes from your doorstep, this is the perfect place to call home. Live the lifestyle you deserve in this stunning, modern home!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Legal
Home Style:
2 Storey
Total Living Area:
1,663.33 sq. ft.
Main Level Finished Area:
842.33 sq. ft.
Upper Level Finished Area:
821 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
628.53 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,101 sq. ft.
Lot Frontage:
22'8"
Lot Details:
6.92m x 6.36m x 29.74m x 11.42m x 34.19m
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:
6
Year built:
2021 (Age: 3)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
1811915
Heating:
Forced Air
Basement:
Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
0
Parking:
Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Multiple Locations, Upper Level
HOA Fee:
$582.00
Mahogany
None
Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer, Window Coverings
Range Hood, Basement: Dishwasher, Dryer, Electric stove, Microwave/Range hood, Refrigerator, Washer, Window coverings - ALL
Easement Registered On Title, Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Kitchen
14'10" × 10'6"
Main Floor
Dining Room
12'4" × 10'
Main Floor
Living Room
17'5" × 12'11"
Main Floor
Mud Room
7'3" × 3'7"
Upper Level
Laundry
6'3" × 5'9"
Upper Level
Bedroom - Primary
13'6" × 12'5"
Upper Level
Bedroom
10'11" × 9'6"
Upper Level
Bedroom
11'2" × 9'
Upper Level
Walk-In Closet
7'1" × 5'
Basement
Kitchen With Eating Area
17'10" × 14'4"
Basement
Furnace/Utility Room
9'5" × 9'4"
Basement
Bedroom
11'6" × 10'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'9" x 4'11"
Upper Level
No
4
4'11" x 8'6"
Upper Level
Yes
4
4'11" x 10'9"
Basement
No
4
5'11" x 12'8"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
Breakfast Bar, Double Vanity, High Ceilings, Pantry, See Remarks, Tray Ceiling(s), Walk-In Closet(s), Wired for Sound
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Corner Lot
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Nov 08, 2024
Days on Mkt:
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  • Photo 13: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
    Primary Bedroom
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  • Photo 17: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
    Legal Suite
  • Photo 18: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
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  • Photo 19: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
    Basement Bedroom
  • Photo 20: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
    Basement Bathroom
  • Photo 21: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
    Solar Panels
  • Photo 22: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
    Separate Entrance
  • Photo 23: 108 Magnolia Way SE in Calgary: Mahogany Detached for sale : MLS®# A2172629
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Virtual Tour

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