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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  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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118 Springmere Drive
Westmere Chestermere T1X 1J3

$839,900
Residential beds: 5 baths: 4.0 2,265 sq. ft. built: 2000

Main Photo: 118 Springmere Drive: Chestermere Detached for sale : MLS®# A2165498
Photo 1: 118 Springmere Drive: Chestermere Detached for sale : MLS®# A2165498
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Photo 44: 118 Springmere Drive: Chestermere Detached for sale : MLS®# A2165498
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165498
Bedrooms:
5
Bathrooms:
4
Year Built:
2000
Welcome to this beautiful FULLY RENOVATED home situated in the heart of Chestermere NEXT TO THE RAVINE. This home offers approximately 3,313 square feet of living space. As you enter you are greeted by a living room, dining room, laundry room and 2-piece bathroom. The main floor also features a kitchen with STAINLESS STEEL APPLIANCES which attaches to a DECK overlooking the park, and a family room with a gas fireplace. As you step upstairs you have a bonus room, a primary bedroom with a walk-in closet and a 4 piece ensuite. There are also 2 other bedrooms upstairs and another 4-piece bathroom. The basement is a great mortgage helper as it is an ILLEGAL SECONDARY SUITE WITH A SEPARATE ENTRANCE AND SEPARATE LAUNDRY! The illegal secondary suite offers 2 bedrooms, a recreation room, a full bathroom, and a kitchen. this is the IDEAL LOCATION, located next to the ravine with TONS OF AMENITIES NEARBY such as PARKS, PLAYGROUNDS, SCHOOLS! Do not miss out on this fully renovated home in the ideal location
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:
2,264.57 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,282 sq. ft.
Lot Frontage:
46'
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:
Southeast
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2000 (Age: 24)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9913393
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Suite, Walk-Up To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Post & Beam, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement, Main Level
Westmere
Built-In Oven, Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Family Room
19'4" × 14'9"
Main Floor
Kitchen
19'10" × 12'1"
Main Floor
Living Room
12' × 9'3"
Main Floor
Dining Room
11'9" × 9'4"
Main Floor
Laundry
9' × 6'8"
Upper Level
Walk-In Closet
9'5" × 7'2"
Upper Level
Bedroom
11'11" × 9'6"
Upper Level
Loft
15'2" × 13'6"
Upper Level
Bedroom - Primary
17'2" × 12'
Upper Level
Bedroom
12'5" × 11'6"
Basement
Game Room
18'9" × 13'4"
Basement
Bedroom
12'8" × 11'3"
Basement
Kitchen
12'7" × 12'5"
Basement
Furnace/Utility Room
12'1" × 10'9"
Basement
Bedroom
12'9" × 10'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
7' x 3'1"
Upper Level
Yes
4
12'9" x 8'4"
Upper Level
No
4
12'10" x 4'11"
Basement
No
4
7'11" x 4'11"
Title to Land:
Fee Simple
Community Features:
Golf, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Interior Features:
No Smoking Home
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard, Backs on to Park/Green Space, Corner Lot, Lawn, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R-1
Listed Date:
Sep 12, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Real Broker
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
214
Avg list price:
$657,000
Min list price:
$235,000
Max list price:
$3,150,000
Avg days on market:
39
Min days on market:
1
Max days on market:
228
Avg price per sq.ft.:
$359.1
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