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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4626 49 Street
Parkvale (Red Deer) Red Deer T4N 1T5

$269,900
Residential beds: 2 baths: 1.0 1,236 sq. ft. built: 1910

Main Photo: 4626 49 Street: Red Deer Detached for sale : MLS®# A2153757
Photo 1: 4626 49 Street: Red Deer Detached for sale : MLS®# A2153757
Photo 2: 4626 49 Street: Red Deer Detached for sale : MLS®# A2153757
Photo 3: 4626 49 Street: Red Deer Detached for sale : MLS®# A2153757
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Photo 22: 4626 49 Street: Red Deer Detached for sale : MLS®# A2153757
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Photo 24: 4626 49 Street: Red Deer Detached for sale : MLS®# A2153757
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2153757
Bedrooms:
2
Bathrooms:
1
Year Built:
1910
Discover this beautifully renovated 1 ½ storey home nestled in the historic Parkvale neighborhood. Boasting 2 bedrooms, 1 bathroom, and a spacious loft, this property offers ample parking space with room for an RV. Situated on two lots with R1A zoning, it allows for residential living or potential use as a small commercial space. The craftsman-style exterior, adorned with mature trees, exudes charming curb appeal. Step onto the front deck leading to an enclosed south-facing porch flooded with natural light, overlooking the front yard. Inside, the living room features high ceilings, original hardwood flooring, a large bay window, and intricate trim details. Built-in bookshelves separate the living room from the formal dining room, which boasts more large windows, high ceilings, and additional built-in shelving. The kitchen offers ceiling-height white cabinets, a wall pantry, space for a breakfast table, and a separate entrance to the rear deck, yard, and parking area. Two main floor bedrooms have access to the 4-piece main bathroom with built-in shelving for linens. Upstairs, a large loft space with original hardwood flooring, sloped ceilings, and a walk-in closet awaits. The basement houses a spacious laundry room with built-in shelving, a utility room, and ample storage space. Outside, a large storage shed and paved parking lot with room for multiple vehicles, accessible via the back alley, complete the property. Meticulously maintained, recent renovations include windows, shingles, soffits/fascia, electrical, and plumbing. Conveniently located near various amenities, this home is steps away from Coronation and Barrett Park, offering paved pathways along Piper Creek and the Red Deer River. Easy access to Rotary Recreation Park, housing the Red Deer Museum and Art Gallery, Recreation Centre, playgrounds, tennis courts, and more, ensures a vibrant lifestyle for residents.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
1 and Half Storey
Total Living Area:
1,236 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,250 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
One and One Half
Total Rooms Above Grade:
6
Year built:
1910 (Age: 114)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
K8
Heating:
Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Additional Parking, Alley Access, Asphalt, Parking Lot, Parking Pad, Paved, RV Access/Parking, See Remarks
Parking Places:
8.0
Parking Total/Covered:
8 / -
Laundry Features:
In Basement
Parkvale (Red Deer)
Dryer, Microwave, Refrigerator, Stove(s), Washer
-fridge -stove -b/i microwave -washer -dryer -window coverings -storage shed
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
16' × 8'10"
Main Floor
Dining Room
13'6" × 10'
Main Floor
Living Room
16' × 14'2"
Main Floor
Bedroom
11'8" × 10'8"
Main Floor
Bedroom - Primary
11'8" × 10'8"
Upper Level
Loft
24'6" × 12'3"
Basement
Furnace/Utility Room
17'8" × 12'6"
Basement
Laundry
9'10" × 9'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6' x 9'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bookcases, Built-in Features, Chandelier, Natural Woodwork, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Vinyl Windows
Exterior Features:
Private Yard, Storage
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Few Trees, Front Yard, Low Maintenance Landscape, Landscaped, Level, Paved
Num. of Parcels:
0
Fencing:
Partial
Region:
Red Deer
Zoning:
R1A
Listed Date:
Jul 30, 2024
Days on Mkt:
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Listed by Century 21 Advantage
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
211
Avg list price:
$465,900
Min list price:
$84,900
Max list price:
$2,200,000
Avg days on market:
37
Min days on market:
1
Max days on market:
297
Avg price per sq.ft.:
$322.91
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706