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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171 Homestead Drive
C-686 Calgary T3J 4A9

$824,000
Residential beds: 6 baths: 4.0 1,748 sq. ft. built: 2022

Main Photo: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 1: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 2: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 3: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 4: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 5: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 6: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 7: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 8: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 9: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
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Photo 12: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 13: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
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Photo 24: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
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Photo 32: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
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Photo 34: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 35: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 36: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Photo 37: 171 Homestead Drive in Calgary: C-686 Detached for sale : MLS®# A2157973
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2157973
Bedrooms:
6
Bathrooms:
4
Year Built:
2022
This newly built detached home (2022) offers modern living with thoughtful design. The main floor features a spacious bedroom and a full bathroom, ideal for parents or guests. With 9-foot ceilings and elegant laminate flooring, the open-concept living room flows seamlessly into the kitchen, which is equipped with stainless steel appliances. Upstairs, you'll find three generously sized bedrooms and two full bathrooms, including an ensuite in the master bedroom. The basement has a separate entrance, offering a complete illegal suite with two bedrooms, a kitchen, and a laundry room, currently generating $1,500 monthly in rental income. Please note that the basement suite is illegal. The property also includes a double detached garage at the back, a fully fenced yard, and a backyard entirely paved with concrete, providing low-maintenance outdoor space. Come and enjoy this beautiful home in a vibrant community!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey
Total Living Area:
1,748 sq. ft.
Main Level Finished Area:
880 sq. ft.
Upper Level Finished Area:
869 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
730 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2,949 sq. ft.
Lot Frontage:
25'
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:
Northwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2022 (Age: 2)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:4, Half:0)
Plan:
2012035
Heating:
Central
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Aluminum Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
Other
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Multiple Locations
Homestead
Dishwasher, Garage Control(s), Gas Range, Microwave, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
n/a
Call Lister
Floor
Type
Size
Other
Main Floor
Bedroom
10'2" × 9'6"
Main Floor
Foyer
11'9" × 8'5"
Main Floor
Kitchen
13'8" × 9'7"
Main Floor
Living Room
18'5" × 14'10"
2nd Floor
Bedroom
15'3" × 9'3"
2nd Floor
Bedroom
11'5" × 9'5"
2nd Floor
Laundry
9' × 5'8"
2nd Floor
Bedroom - Primary
15'3" × 13'4"
Basement
Bedroom
13'5" × 9'
Basement
Bedroom
12'1" × 10'
Basement
Kitchen
9'10" × 4'3"
Basement
Game Room
18'8" × 14'1"
Basement
Furnace/Utility Room
10'4" × 8'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
5'4" x 10'2"
2nd Floor
No
4
5'1" x 9'3"
2nd Floor
Yes
4
11'4" x 5'
Basement
No
4
10'6" x 4'11"
Title to Land:
Fee Simple
Community Features:
None, Park, Playground
Interior Features:
Granite Counters
Exterior Features:
Playground, Private Entrance
Patio And Porch Features:
See Remarks
Lot Features:
Back Lane
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-G
Listed Date:
Aug 15, 2024
Days on Mkt:
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Listed by First Place Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$799,000
Min list price:
$573,900
Max list price:
$1,069,786
Avg days on market:
28
Min days on market:
3
Max days on market:
101
Avg price per sq.ft.:
$358.77
These statistics are generated based on the current listing's property type and located in C-686. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706