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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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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5020 Maryvale Drive NE
Marlborough Calgary T2A 2T3

$659,900
Residential beds: 4 baths: 2.0 1,040 sq. ft. built: 1969

Main Photo: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
Photo 1: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
Photo 2: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
Photo 3: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
Photo 4: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
Photo 5: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
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Photo 45: 5020 Maryvale Drive NE in Calgary: Marlborough Detached for sale : MLS®# A2161877
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161877
Bedrooms:
4
Bathrooms:
2
Year Built:
1969
Location, location, location. move-in ready bungalow with 3 bedroom on main floor is situated across Marlborough School. Fully finished (illegal suite)self contained basement suite with 4 pcs bathroom, a den, family room, kitchen and laundry area( great potential income supplement) or for bigger family. Watch your children go to school from the comfort of your living room. a short distance from Marlborough Mall and most of the amenities, the fenced backyard have room for the RV and or entertain on a beautiful summer day/nights.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bungalow
Total Living Area:
1,040.4 sq. ft.
Main Level Finished Area:
1,040.4 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
801.9 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,564 sq. ft.
Lot Frontage:
52'8"
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
Total Rooms Above Grade:
6
Year built:
1969 (Age: 55)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
5897JK
Heating:
Central, Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Fireplace Details:
None
Garage:
1
Garage Spaces:
2
Parking:
Covered, Double Garage Detached, On Street, Rear Drive
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement, Main Level
Marlborough
Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, See Remarks, Stove(s), Washer, Washer/Dryer
n/a
None Known
Floor
Type
Size
Other
Main Floor
Mud Room
5'9" × 3'
Main Floor
Kitchen
12'5" × 9'4"
Main Floor
Dining Room
9'4" × 9'2"
Main Floor
Living Room
14'5" × 12'5"
Main Floor
Entrance
3'11" × 3'8"
Main Floor
Bedroom
9'1" × 8'11"
Main Floor
Bedroom
10'1" × 8'11"
Main Floor
Bedroom - Primary
11' × 10'
Main Floor
Laundry
3'3" × 2'6"
Basement
Laundry
12'4" × 7'8"
Basement
Kitchen
8'11" × 7'
Basement
Family Room
20'9" × 16'10"
Basement
Den
11'9" × 7'3"
Basement
Bedroom
20'3" × 8'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4'11" x 8'5"
Basement
No
4
4'11" x 9'7"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
No Animal Home, No Smoking Home, Vinyl Windows
Exterior Features:
None
Patio And Porch Features:
Deck, Porch
Lot Features:
Back Lane, Back Yard, City Lot, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C1
Listed Date:
Sep 02, 2024
Days on Mkt:
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Listed by Diamond Realty & Associates LTD.
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$589,000
Min list price:
$475,000
Max list price:
$659,900
Avg days on market:
26
Min days on market:
2
Max days on market:
69
Avg price per sq.ft.:
$517.11
These statistics are generated based on the current listing's property type and located in Marlborough. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706