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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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214 Lakeside Greens Place
Lakeside Greens Chestermere T1X 1C4

$849,000
Residential beds: 4 baths: 3.0 2,086 sq. ft. built: 1992

Main Photo: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 1: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 2: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 3: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 4: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 5: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 6: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
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Photo 22: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 23: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 24: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 25: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 26: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Photo 27: 214 Lakeside Greens Place: Chestermere Detached for sale : MLS®# A2158930
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2158930
Bedrooms:
4
Bathrooms:
3
Year Built:
1992
Imagine stepping back 30 years to seize the opportunity of a stunning 8825 sq. ft. lot that backs onto a tranquil pond on the prestigious Lakeside Greens Golf Course. Remarkably, that chance is here again. After 32 cherished years, this one-owner home is ready for new memories. Spanning 2100 square feet across the top two levels, this residence also features a beautifully developed walkout, perfect for enjoying the serene surroundings. You will be captivated by the soaring vaulted ceilings in the living room, creating an inviting atmosphere. For those who love to host, the formal dining room is spacious enough to accommodate your cherished heritage dining table and hutch. The main floor boasts a cozy family room complete with a wood-burning fireplace and a gas log-lighter, ideal for those chilly evenings. Convenience is key with a laundry room located on the main floor. Picture yourself enjoying breakfast in the nook while watching the golfers on the putting green. In the winter, the kids can delight in skating on the pond, adding to the charm of this location. Upstairs, you will find three well-appointed bedrooms, including a primary suite that overlooks the golf course and features an ensuite with a luxurious soaker tub and separate shower. The walk-in closet offers ample storage. Each bedroom is equipped with deep closets and built-in organizers for your convenience. The walkout level has 9-foot ceilings and includes a fourth bedroom, a roughed-in gas fireplace, and plenty of space to tailor to your needs. This homes exteriors is  stucco, and all windows were clad to withstand the test of time. The yard is equipped with a six-zone sprinkler system, complemented by an aggregate walkway and patio. Mature landscaping, featuring 40-foot trees, has been thoughtfully designed to provide breathtaking views of the course. This home boasts solid bones and presents a fantastic opportunity for you to personalize and make it truly your own. Envision waking up to the soothing sounds of nature, sipping your morning coffee while basking in the glow of the sunrise over the pond. The original furnaces and carpet downstairs testifies that this home has never flooded.  This property is not just a house; it is a lifestyle waiting for you to embrace. With ample space for family gatherings and intimate evenings, every corner of this home has been crafted with comfort and elegance in mind. The potential for outdoor living is limitless, from summer barbecues on the deck to cozy winter nights by the fireplace. Don’t miss your chance to own a piece of paradise in Lakeside Greens.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,086.22 sq. ft.
Main Level Finished Area:
1,036.06 sq. ft.
Upper Level Finished Area:
851.18 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,036.06 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
8,826 sq. ft.
Lot Frontage:
38'4"
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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Floor Location:
Ground
Levels:
Two
Total Rooms Above Grade:
6
Year built:
1992 (Age: 32)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
9112058
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
Golden Key Homes
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile
Cooling:
None
Fireplaces:
1
Fireplace Details:
Family Room, Gas Log, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
Lakeside Greens
Dishwasher, Garage Control(s), Range, Washer/Dryer, Window Coverings
n/a
None Known
Floor
Type
Size
Other
Main Floor
Living Room
19'5" × 11'11"
Main Floor
Kitchen
13'4" × 10'
Main Floor
Dining Room
13'3" × 11'5"
Main Floor
Breakfast Nook
10' × 8'8"
Main Floor
Laundry
9'6" × 5'11"
2nd Floor
Bedroom - Primary
14'6" × 13'9"
2nd Floor
Bedroom
14'9" × 9'1"
2nd Floor
Bedroom
12'5" × 9'5"
Lower Level
Bedroom
10'11" × 10'6"
Lower Level
Game Room
16'11" × 14'4"
Lower Level
Game Room
36' × 16'10"
Lower Level
Furnace/Utility Room
11'2" × 5'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'11" x 9'6"
2nd Floor
No
4
4'11" x 10'1"
2nd Floor
Yes
4
10' x 10'9"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Golf, Lake, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Closet Organizers, High Ceilings, Sump Pump(s)
Exterior Features:
Balcony, Lighting
Patio And Porch Features:
Deck
Lot Features:
Cul-De-Sac, On Golf Course, Pie Shaped Lot
Waterfront Features:
Pond
Num. of Parcels:
0
Outbuildings:
2 Storey Split
Fencing:
Fenced
Region:
Chestermere
Zoning:
r-1
Listed Date:
Aug 20, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Mountain View)
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
215
Avg list price:
$654,900
Min list price:
$235,000
Max list price:
$3,150,000
Avg days on market:
40
Min days on market:
1
Max days on market:
229
Avg price per sq.ft.:
$358.97
These statistics are generated based on the current listing's property type and located in Chestermere. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706