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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397 Marina Drive
Westmere Chestermere T1X 1Y8

$799,900
Residential beds: 5 baths: 4.0 2,419 sq. ft. built: 2006

Main Photo: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
Photo 1: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
Photo 2: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
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Photo 4: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
Photo 5: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
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Photo 35: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
Photo 36: 397 Marina Drive: Chestermere Detached for sale : MLS®# A2175845
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175845
Bedrooms:
5
Bathrooms:
4
Year Built:
2006
This is an amazing Chestmere lake house which is a former show home accmulating total 5 bedrooms for the famalies who are seeking a lake enjoyement and out door activties . This house is on a walking distance to the lake Chestermere , Shoppings Center like resturants , Banks , Groceries Store and Tim Horton . The house has the best open floor plan with double sided fire place . The sellers recently addedd a new fresh paint look , new kitchen cabinets with new counter tops which is almost 35K in cost which enhance the value of the property .The basement has a 85 square feet bar area and carrying bigger size windows with a rec room . Do not miss this incrediable oppertunity to own it with in the town of Chestermere .
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:
2,418.91 sq. ft.
Main Level Finished Area:
1,172 sq. ft.
Upper Level Finished Area:
1,246.61 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,083.4 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,000 sq. ft.
Lot Frontage:
48'
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:
Floor Location:
Below Grade
Levels:
Two
Total Rooms Above Grade:
10
Year built:
2006 (Age: 18)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
0411295
Electricity:
100 Amp Service
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Stone, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Double Sided, Family Room, Wood Burning
Water Supply:
Public
Sewer:
Public Sewer
Utilities:
Cable Internet Access, Natural Gas Connected
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
Westmere
Central Air Conditioner
Garage Remotes
Building Design Size
Floor
Type
Size
Other
Main Floor
Family Room
15' × 13'3"
Main Floor
Kitchen
16'9" × 11'3"
Main Floor
Living Room
16'9" × 13'5"
Main Floor
Dining Room
10'6" × 9'10"
Main Floor
Foyer
8'10" × 8'9"
Main Floor
Laundry
9'6" × 7'2"
Main Floor
Dining Room
10'6" × 9'10"
Upper Level
Bedroom - Primary
14'1" × 14'
Upper Level
Walk-In Closet
9' × 7'9"
Upper Level
Bedroom
12'3" × 10'7"
Upper Level
Bedroom
12'6" × 10'2"
Upper Level
Bonus Room
15'1" × 14'
Basement
Bedroom
14'8" × 10'10"
Basement
Bedroom
13'10" × 13'8"
Basement
Furnace/Utility Room
10'11" × 8'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'4" x 7'8"
Upper Level
Yes
5
12'4" x 14'8"
Upper Level
No
4
8' x 5'1"
Basement
No
3
5' x 10'11"
Title to Land:
Fee Simple
Community Features:
Lake
Interior Features:
Bar, Jetted Tub, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Skylight(s)
Exterior Features:
Fire Pit, Private Yard
Patio And Porch Features:
Deck
Lot Features:
Rectangular Lot
Waterfront Features:
Lake Privileges
Num. of Parcels:
0
Fencing:
Fenced
Region:
Chestermere
Zoning:
R-1
Listed Date:
Oct 28, 2024
Days on Mkt:
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Listed by Royal LePage METRO
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