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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14 Drake Landing Crescent
Drake Landing Okotoks T1S 0C1

$719,999
Residential beds: 3 baths: 4.0 1,819 sq. ft. built: 2007

Main Photo: 14 Drake Landing Crescent: Okotoks Detached for sale : MLS®# A2172550
Photo 1: 14 Drake Landing Crescent: Okotoks Detached for sale : MLS®# A2172550
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Photo 43: 14 Drake Landing Crescent: Okotoks Detached for sale : MLS®# A2172550
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172550
Bedrooms:
3
Bathrooms:
4
Year Built:
2007
QUICK POSSESSION AVAILABLE! Pride in ownership defines this home, located in the heart of desirable Drake Landing, surrounded with walking paths and backing onto green space/park. Upgrades include: NEW hot water tank, NEW water softener, NEW garage heater & AC unit! Also NEW tile on main level and there is 220 volt electrical ran to exterior of house for hot tub power. Enter into the open concept layout into living room and kitchen with updated stainless appliances. The main floor has everything your family could want including a huge living room with a cozy gas fireplace, a gorgeous kitchen with masses of counter-top space, a fantastic pantry, laundry room, and garage access. Up stairs to the bonus room brightened by oversized windows. 2 Spacious bedrooms, 4 piece bathroom for the kids and an oversized primary bedroom, large walk in closet and spacious 5 piece ensuite complete the top floor. Retreat to the basement for some chill time in your second living space complete with a built in wet bar, fridge and shelves. Extra space for your home gym, 4th bedroom and 3rd full bathroom. Outside oasis, relax in your perfectly landscaped backyard on your beautifully built large deck. Call your favourite realtor for a showing today!
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:
1,819.22 sq. ft.
Main Level Finished Area:
759.2 sq. ft.
Upper Level Finished Area:
1,060.02 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
663.93 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,529 sq. ft.
Lot Frontage:
36'5"
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:
Southwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2007 (Age: 17)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0614577
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
Drake Landing
Bar Fridge, Dishwasher, Electric Stove, Microwave, Range Hood, Washer/Dryer
None
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Dining Room
11'11" × 7'5"
Main Floor
Foyer
7'1" × 6'9"
Main Floor
Kitchen
14'1" × 11'11"
Main Floor
Living Room
17' × 13'1"
Upper Level
Bedroom
13' × 11'5"
Upper Level
Bedroom
10'1" × 9'10"
Upper Level
Loft
18' × 17'1"
Upper Level
Bedroom - Primary
13'4" × 13'
Basement
Other
12'8" × 4'10"
Basement
Game Room
23'10" × 11'11"
Basement
Furnace/Utility Room
16'6" × 8'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'2"
Upper Level
No
4
4'10" x 7'8"
Upper Level
Yes
4
13'9" x 5'
Basement
No
3
6'3" x 7'5"
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Breakfast Bar, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Storage
Exterior Features:
Lighting, Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Backs on to Park/Green Space, Street Lighting, Rectangular Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 12, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
35
Min days on market:
1
Max days on market:
255
Avg price per sq.ft.:
$383.33
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706