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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2309 Richmond Road SW
Richmond Calgary T2T 5E3

$760,000
Residential beds: 4 baths: 2.0 940 sq. ft. built: 1953

Main Photo: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 1: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 2: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 3: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 4: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 5: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 6: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 7: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 8: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 9: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 10: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 11: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 12: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 13: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 14: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 15: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 16: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 17: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 18: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 19: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Photo 20: 2309 Richmond Road SW in Calgary: Richmond Detached for sale : MLS®# A2168285
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2168285
Bedrooms:
4
Bathrooms:
2
Year Built:
1953
For additional information, please click on Brochure button below. A rare opportunity presents itself with this home, one of three adjacent properties, ideal for rental income or potential development. Sitting on a spacious lot measuring 52 1/2 feet wide by 121 feet deep and boasting a picturesque backdrop of a vast park, this property is zoned RC2, making it suitable for duplex construction. Built in 1953, this charming bungalow features a sun-filled yard overlooking the park, an L-shaped kitchen, a basement with ample potential, and a double garage. Offering bright and open living spaces, this property is truly unique and holds immense potential. Prime 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:
Bungalow
Total Living Area:
939.9 sq. ft.
Main Level Finished Area:
939.9 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
687.8 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,722 sq. ft.
Lot Frontage:
52'6"
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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Levels:
One
Total Rooms Above Grade:
5
Year built:
1953 (Age: 71)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
8997GC
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Laminate, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Parking Pad, RV Access/Parking
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
In Basement, Laundry Room
Richmond
Dishwasher, Gas Stove, Gas Water Heater, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
all drapes
None Known
Floor
Type
Size
Other
Main Floor
Mud Room
3'3" × 3'2"
Main Floor
Kitchen
10'8" × 9'2"
Main Floor
Dining Room
11'2" × 8'7"
Main Floor
Living Room
15'8" × 14'1"
Main Floor
Entrance
11'7" × 3'5"
Main Floor
Bedroom
12'1" × 10'
Main Floor
Bedroom - Primary
10'1" × 9'1"
Main Floor
Walk-In Closet
4'8" × 3'3"
Basement
Kitchen
11'1" × 7'10"
Basement
Dining Room
8'9" × 4'4"
Basement
Living Room
12' × 11'11"
Basement
Bedroom
9'5" × 8'6"
Basement
Bedroom
9'9" × 8'4"
Basement
Storage
21'10" × 12'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
10' x 6'5"
Basement
No
4
9'2" x 5'3"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
No Smoking Home, Vinyl Windows
Exterior Features:
Barbecue, Dog Run, Fire Pit, Garden, Private Yard
Patio And Porch Features:
Deck, Rear Porch
Lot Features:
Back Lane, Back Yard, Backs on to Park/Green Space, City Lot, Dog Run Fenced In, Front Yard, Lawn, Low Maintenance Landscape, Gentle Sloping, Interior Lot, No Neighbours Behind, Irregular Lot, Yard Drainage, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
RC2
Listed Date:
Sep 24, 2024
Days on Mkt:
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Listed by Easy List Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$999,900
Min list price:
$349,900
Max list price:
$2,299,900
Avg days on market:
51
Min days on market:
1
Max days on market:
119
Avg price per sq.ft.:
$517.35
These statistics are generated based on the current listing's property type and located in Richmond. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706