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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101 20 Discovery Ridge Close SW
Discovery Ridge Calgary T3H 5X3

$320,000
Residential beds: 1 baths: 1.0 736 sq. ft. built: 2006

Main Photo: 101 20 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2168223
Photo 1: 101 20 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2168223
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Photo 31: 101 20 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2168223
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168223
Bedrooms:
1
Bathrooms:
1
Year Built:
2006
PRICED TO SELL, THIS WON'T LAST LONG! Tucked away in the ultraposh neighbourhood of DISCOVERY RIDGE, this 1-bedroom condo in CHATEAU 20 is newly renovated and move-in ready! The Wedgewoods is known for its proximity to nature, full gym access, and very active social community! Nestled along Griffith Woods Park, nature enthusiasts can experience endless opportunities to enjoy the outdoors which Calgary is renowned for, all the while enjoying urban amenities and sports facilities within walking distance. Featuring fresh paint throughout, an open concept design complemented by 9 foot ceilings, and brand new laminate and tile flooring (2024), this large condo unit exudes a welcoming feeling and offers ample space to host friends and family. Head into the gourmet kitchen boasting lots of cabinet space, a breakfast bar, and stainless steel appliances. The living & dining area is a cozy place to relax or entertain guests, and features a lovely gas fireplace. Plenty of natural light radiates through large west-facing windows and from your private tree-lined balcony complete with BBQ gas hookup. The large bedroom can easily fit a king-size bed and features a walk-in closet. It is conveniently located adjacent to the 4-pc bathroom w/ soaker tub & separate rain shower. This unit has a updated in-suite washer & dryer (2022) and comes equipped w/ 1 titled underground parking spot. The Wedgewoods is a concrete, quiet well-managed residential complex. Building amenities include secure heated underground parking, visitor parking, bicycle racks, residents’ games room, and full fitness centre. Condo fees cover ALL utilities! Discovery Ridge Community Association is a short walk away, where you can spend time at the tennis courts, soccer fields, skating rink, basketball courts, and playground. Live in a quiet neighbourhood with easy access to major roads, downtown and of course the Rocky Mountains & beyond. Don’t miss out on this once in a lifetime opportunity! Book your private showing today.
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
High-Rise (5+)
Total Living Area:
736 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$379.12
Condo Fee Includes:
Common Area Maintenance, Electricity, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Residential Manager, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Other
Entry Level:
1
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
2006 (Age: 18)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0612139
Heating:
Baseboard, Hot Water
New Constr.:
No
Construction Material:
Concrete, Stone, Stucco
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Laminate, Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
0
Parking:
Heated Garage, Secured, Titled, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$325.00
Condo Fee Frequency:
Monthly
The Wedgewoods
Discovery Ridge
Bicycle Storage, Elevator(s), Fitness Center, Parking, Party Room, Secured Parking, Snow Removal, Trash, Visitor Parking
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Oven, Refrigerator, Washer, Window Coverings
N/A
Board Approval
Restrictions, Yes
Floor
Type
Size
Other
Main Floor
Bedroom
12' × 10'10"
Main Floor
Kitchen
9'8" × 8'
Main Floor
Living Room
13'8" × 8'10"
Main Floor
Dining Room
13'8" × 9'4"
Main Floor
Laundry
9'3" × 5'
Floor
Ensuite
Pieces
Other
Main Floor
No
4
10'4" x 9'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, High Ceilings, Open Floorplan, Soaking Tub, Storage
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
DC
Listed Date:
Sep 26, 2024
Days on Mkt:
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Listed by Rentch Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$699,000
Min list price:
$299,900
Max list price:
$2,199,000
Avg days on market:
41
Min days on market:
5
Max days on market:
81
Avg price per sq.ft.:
$452.59
These statistics are generated based on the current listing's property type and located in Discovery Ridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706