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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3414 Victory Way
NONE Olds T4H 0G8

$699,900
Residential beds: 4 baths: 3.0 1,476 sq. ft. built: 2024

Main Photo: 3414 Victory Way: Olds Detached for sale : MLS®# A2135578
Photo 1: 3414 Victory Way: Olds Detached for sale : MLS®# A2135578
Photo 2: 3414 Victory Way: Olds Detached for sale : MLS®# A2135578
Photo 3: 3414 Victory Way: Olds Detached for sale : MLS®# A2135578
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2135578
Bedrooms:
4
Bathrooms:
3
Year Built:
2024
Welcome to this brand new bi-level home located in the desirable Vistas neighborhood. The upper level features an open-concept kitchen, dining, and living room area, perfect for modern living and entertaining. The kitchen is equipped with quartz countertops, a refrigerator, stove, dishwasher, and microwave. It also boasts a center island, a pantry with ample storage, and access to a back deck offering stunning mountain views and a BBQ gas line hookup. The master bedroom on this level includes a walk-in closet and a luxurious 5-piece ensuite with a large shower. An additional bedroom, a 4-piece bathroom, and a conveniently located laundry area complete the main floor. The lower level is designed for comfort with in-floor heating and large windows that fill the space with natural light. This level includes two spacious bedrooms a very large family room, a 4-piece bathroom with a tub, and a mechanical room. Throughout the home, you'll find large windows, beautiful fixtures, and high-end flooring that enhance its elegance and functionality. The large garage is another highlight, featuring overhead heating and 9x9 garage doors, providing ample space and convenience. This home offers plenty of space for families and is situated in a beautiful, family-friendly neighborhood. Don't miss the opportunity to make this stunning property your new home!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,476 sq. ft.
Main Level Finished Area:
1,476 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,476 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,750 sq. ft.
Lot Frontage:
50'
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
Levels:
Bi-Level
Total Rooms Above Grade:
5
Year built:
2024 (Age: 0)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
2310354
Heating:
In Floor, Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Brick, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
NONE
Dishwasher, Electric Stove, Garage Control(s), Microwave, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
10' × 5'8"
Main Floor
Living Room
19'10" × 12'7"
Main Floor
Dining Room
10'10" × 10'5"
Main Floor
Kitchen
15'1" × 11'1"
Main Floor
Bedroom - Primary
15'10" × 12'9"
Main Floor
Walk-In Closet
6' × 5'
Main Floor
Bedroom
13'4" × 9'7"
Main Floor
Laundry
5'7" × 2'9"
Lower Level
Family Room
23'4" × 23'3"
Lower Level
Furnace/Utility Room
13'9" × 11'
Lower Level
Bedroom
13'8" × 13'
Lower Level
Bedroom
13' × 12'3"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8' x 8'8"
Main Floor
No
4
5'7" x 8'7"
Lower Level
No
4
9'4" x 5'7"
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
Kitchen Island, Open Floorplan, Quartz Counters, See Remarks, Walk-In Closet(s)
Exterior Features:
BBQ gas line, Other
Patio And Porch Features:
Deck
Lot Features:
Rectangular Lot, See Remarks
Num. of Parcels:
0
Fencing:
None
Region:
Mountain View County
Zoning:
R1
Listed Date:
May 27, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$669,900
Min list price:
$298,400
Max list price:
$1,599,000
Avg days on market:
64
Min days on market:
1
Max days on market:
213
Avg price per sq.ft.:
$409.04
These statistics are generated based on the current listing's property type and located in Olds. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706