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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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1612 48 Avenue SW
Altadore Calgary T2T 2S8

$2,250,000
Residential beds: 5 baths: 4.0 2,227 sq. ft. built: 1956

Main Photo: 1612 48 Avenue SW in Calgary: Altadore Detached for sale : MLS®# A2160441
Photo 1: 1612 48 Avenue SW in Calgary: Altadore Detached for sale : MLS®# A2160441
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Photo 5: 1612 48 Avenue SW in Calgary: Altadore Detached for sale : MLS®# A2160441
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2160441
Bedrooms:
5
Bathrooms:
4
Year Built:
1956
A very rare opportunity to own an oversized solid brick & clay tile exterior bungalow backing onto green space in the heart of desirable Altadore. Featuring an expansive and partially updated 4108 sq ft of living space, 5 bedrooms and 3.5 bathrooms, the home provides one level style living, with option to have live in caretaker or nanny on lower level with its additional full kitchen, bathroom & bedrooms, in a family-friendly setting. As you approach the home, you’ll be greeted by a large, sunny south front yard and a welcoming porch, ideal for relaxing and enjoying the neighbourhood's friendly atmosphere. Inside, the home features a spacious living room is illuminated with natural light and a dining room spacious enough to host large gatherings with family and friends. Beautiful crown moulding adorns the main floor entertaining spaces. The perfectly situated family room has a balcony, custom wood paneling, built-in bookcases and a wood burning stone fireplace that serves as a cozy focal point. The kitchen is generously sized and includes a dining nook, making it a perfect space for creating and enjoying family meals. Your elegant primary bedroom suite has a large bow window, an ensuite washroom with dual sinks, Bain Ultra tub and shower. With two more comfortable bedrooms and a full family washroom on the main floor, there’s plenty of room for a growing family or guests. The lower level of the home offers versatility, with a second kitchen with dining area, a large recreation room complete with wet bar and stone fireplace. A large flex room provides additional space that can be customized to fit your needs, whether as a gym, or hobby room. The spacious washroom features a corner tub, shower, and a full sauna, offering a spa-like experience in the comfort of your own home. There are two additional bedrooms and plenty of storage space that complete the lower level. The attached two car garage has room for all your outdoor gear, while the additional driveway parking is great for family vehicles or an RV. The sunny yard is great for kids to enjoy and perfect for growing a home garden. Out back there is a fantastic neighbourhood green space and playpark. Great schools nearby including Altadore School, Rundle Academy, St. James School, Dr. Oakley School, Connect Charter School, Masters Academy and College, Central Memorial High School, and Mount Royal University. Strategically located near River Park off-leash dog park, Sandy Beach, Glenmore Athletic Park, the Aforza Tennis Club, Earl Grey Golf Club, Lakeview Golf Course and the trendy Marda Loop shopping district.
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:
2,227 sq. ft.
Main Level Finished Area:
2,227 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,880 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,953 sq. ft.
Lot Frontage:
58'⅛"
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:
Levels:
One
Total Rooms Above Grade:
7
Year built:
1956 (Age: 68)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
5301GP
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Stucco, Wood Frame
Structure Type:
House
Roof:
Clay Tile
Ensuite:
Yes
Flooring:
Hardwood, Tile, Vinyl
Cooling:
None
Fireplaces:
2
Fireplace Details:
Family Room, Raised Hearth, Recreation Room, Stone, Wood Burning
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Double Garage Attached, Garage Door Opener, Garage Faces Rear, Insulated, Side By Side
Parking Covered:
3.0
Parking Places:
7.0
Parking Total/Covered:
7 / 3
Laundry Features:
Laundry Room, Sink
Altadore
Dishwasher, Electric Stove, ENERGY STAR Qualified Refrigerator, European Washer/Dryer Combination, Freezer, Garage Control(s), Garburator, Humidifier, Microwave, Range Hood, Window Coverings
Second refrigerator, second dishwasher, second range hood.
Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Living Room
23' × 13'1"
Main Floor
Dining Room
14'8" × 13'9"
Main Floor
Kitchen With Eating Area
15'11" × 13'8"
Main Floor
Family Room
20'11" × 18'2"
Main Floor
Bedroom - Primary
20'10" × 12'7"
Main Floor
Bedroom
15'6" × 11'3"
Main Floor
Bedroom
11'8" × 8'
Main Floor
Laundry
10'7" × 6'3"
Lower Level
Game Room
32'3" × 16'2"
Lower Level
Other
10'1" × 3'8"
Lower Level
Flex Space
24'6" × 18'4"
Lower Level
Kitchen With Eating Area
14'3" × 12'5"
Lower Level
Bedroom
14'3" × 12'7"
Lower Level
Bedroom
12'5" × 9'4"
Lower Level
Storage
7'11" × 6'2"
Lower Level
Storage
10'11" × 6'5"
Lower Level
Storage
9'5" × 3'
Lower Level
Furnace/Utility Room
12'8" × 11'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
3'5" x 5'1"
Main Floor
Yes
5
9' x 11'7"
Main Floor
No
3
6'2" x 10'8"
Lower Level
No
4
10'6" x 11'
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Bookcases, Built-in Features, Central Vacuum, Chandelier, Crown Molding, Double Vanity, Granite Counters, Jetted Tub, Recessed Lighting, Sauna, Soaking Tub, Storage, Wet Bar
Exterior Features:
Balcony, Dog Run, Private Yard, Rain Gutters
Patio And Porch Features:
Balcony(s), Front Porch, Patio
Lot Features:
Back Lane, Back Yard, Backs on to Park/Green Space, Dog Run Fenced In, Fruit Trees/Shrub(s), Front Yard, Lawn, Level, Street Lighting, Rectangular Lot, Treed
Num. of Parcels:
0
Fencing:
Fenced, Partial
Region:
Calgary
Zone:
CAL Zone CC
Zoning:
R-C1
Listed Date:
Aug 28, 2024
Days on Mkt:
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Listed by Sotheby's International Realty Canada
Data was last updated November 10, 2024 at 06:05 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$1,200,000
Min list price:
$299,000
Max list price:
$2,599,000
Avg days on market:
17
Min days on market:
2
Max days on market:
275
Avg price per sq.ft.:
$655.2
These statistics are generated based on the current listing's property type and located in Altadore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706