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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118 30 Discovery Ridge Close SW
Discovery Ridge Calgary T3H 5X5

$299,900
Residential beds: 1 baths: 1.0 779 sq. ft. built: 2007

Main Photo: 118 30 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2166491
Photo 1: 118 30 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2166491
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Photo 28: 118 30 Discovery Ridge Close SW in Calgary: Discovery Ridge Apartment for sale : MLS®# A2166491
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166491
Bedrooms:
1
Bathrooms:
1
Year Built:
2007
Welcome to this fantastic one-bedroom plus den condo in the Wedgewoods of Discovery Ridge. This well-managed and maintained CONCRETE building is beautifully situated along Griffith Woods Park, surrounded by nature and steps away from numerous amenities. It offers a quaint, serene vibe without having to leave the City. This spacious unit has been freshly painted throughout and features an open, well-appointed floor plan. The kitchen has ample cabinetry space and a breakfast bar open to the dining and living area, complete with a gas fireplace—ideal for relaxing or entertaining guests. Enjoy your morning coffee or evening BBQ on your private balcony. The large bedroom can easily fit a king-size bed, features a walk-in closet with custom California Closet shelving and is conveniently located adjacent to the 4-pc bathroom. The unit is complete with in-suite laundry, a den with custom California Closet built-ins that can also be used for additional storage and one titled underground parking stall. Condo fees cover all utilities! Other amenities include visitor parking, bike racks, a fitness room and a party room. The Wedgewoods is steps away from the Discovery Ridge Community Association, a playground, tennis court, soccer fields, skating rink, and basketball courts with easy access downtown and the mountains. All you need is the key!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Apartment
Total Living Area:
779.33 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$375.50
Condo Fee Includes:
Common Area Maintenance, Electricity, Heat, Insurance, Parking, Reserve Fund Contributions, Residential Manager, Sewer, Snow Removal
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Ground
Entry Level:
1
Stories Total:
5
Levels:
Single Level Unit
End Unit:
2+ Common Walls
Total Rooms Above Grade:
3
Year built:
2007 (Age: 17)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
0713978
Heating:
Baseboard, Natural Gas
New Constr.:
No
Construction Material:
Concrete, Stone, Stucco
Structure Type:
High Rise (5+ stories)
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
0
Garage Spaces:
1
Parking:
Parkade, Stall, Underground
Parking Places:
1.0
Parking Total/Covered:
1 / -
Laundry Features:
In Unit
HOA Fee:
$350.00
Condo Fee Frequency:
Monthly
The Wedgewoods
Discovery Ridge
Elevator(s), Fitness Center, Recreation Facilities, Visitor Parking
Dishwasher, Dryer, Electric Range, Microwave Hood Fan, Refrigerator, Washer, Window Coverings
Broil King Natural Gas BBQ
Encroachment, Pet Restrictions or Board approval Required, Restrictive Covenant
Restrictions
Floor
Type
Size
Other
Main Floor
Bedroom
13'3" × 11'
Main Floor
Kitchen
9'9" × 8'3"
Main Floor
Living Room
20'3" × 13'8"
Main Floor
Storage
6'9" × 6'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
10'3" x 9'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Closet Organizers, Soaking Tub
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Calgary
Zone:
CAL Zone W
Zoning:
DC (pre 1P2007)
Listed Date:
Sep 18, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$681,950
Min list price:
$299,900
Max list price:
$2,199,000
Avg days on market:
37
Min days on market:
4
Max days on market:
80
Avg price per sq.ft.:
$444.53
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