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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172 Magnolia Terrace SE
Mahogany Calgary T3M 3N2

$1,099,900
Residential beds: 4 baths: 4.0 2,628 sq. ft. built: 2021

Main Photo: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 1: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 2: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 3: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 4: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 5: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 6: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 7: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 8: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 9: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 10: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 11: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 12: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 13: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 14: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Photo 15: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2118333
Bedrooms:
4
Bathrooms:
4
Year Built:
2021
**QUANTUM PERFORMANCE ULTRA E-HOME**SHOW HOME ALERT!**VERIFIED Jayman BUILT Show Home! ** PROFESSIONALLY DECORATED with all of the bells and whistles. - Award Winning Charlotte 26 Model ** Family Approved ** Extensive upgrades and superior quality, with over 3400+ square feet of developed luxurious living. Enjoy this convenient Mahogany Lake Location - The Clubhouse, lake, ponds, Ice rink, parks, pathways, schools, shopping, soccer, bike paths, South Pointe Hospital, transit, and the major south expressways—community lifestyle living that makes Mahogany Lake an outstanding safe and secure community. Rich curb appeal with architectural features - This is a must-see home! The chef’s kitchen includes elegant white quartz countertops throughout, Salem Whitecap and Aberdeen cabinets with stylish black hardware, a sil granite sink, soft close drawers, beautiful crown molding, and under-cabinet lighting. High-end KitchenAid stainless steel fridge/dishwasher/microwave/wall oven, 36" electric cooktop range - 5 element model, recessed lighting, oversized central island with a flush eating bar, walk-through pantry with built-in niche, and full pantry room. The main floor layout also includes a family room with a ceiling-high feature wall electric fireplace, a large front office with a feature wall, and rich wide plank engineered hardwood floors featured from the front office and then throughout the main floor. The large back mud room offers more storage, tile floors, and easy access to the garage. An open staircase with railing and plush carpet leads to the upper three bedrooms, full 5-piece bath, walk-in linen closet, large walk-in laundry room, and bonus room with French doors. Stately primary bedroom suite with dropped ceiling border includes his and hers vanity sinks, a huge walk-in closet, an over-sized tiled shower with a glass door, and a gorgeous soaker tub complete this stunning spa-like en-suite. The FULLY FINISHED lower level offers a guest bedroom with a walk-in closet, a full bath with dual vanities, and a rec room and games area with a centralized wet bar dividing the 2 areas. QUANTUM PERFORMANCE INCLUSIONS: 32 Solar Panels achieving Net Zero Certification, Proprietary Wall System, Triple Pane R-8 Windows with Argon Fill, Smart Home Technology Solutions, Daikin FIT Electric Air Source Heat Pump, Ultraviolet Air Purification System with Merv 15 Filter. NET ZERO BENEFITS: $2k+ in annual energy savings, 10+ metric tonnes of greenhouse gases saved per year, 100% more energy efficiency than the minimum 2023 building code in AB requires. 100% electric powered home. Produces as much energy as you consume with the Quantum Performance Ultra E-Home! SHOW HOME VIEWING HOURS: MONDAY TO THURSDAY: 2PM TO 8PM. SATURDAY AND SUNDAY: 12 PM TO 5 PM
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:
2,628.16 sq. ft.
Main Level Finished Area:
1,161.61 sq. ft.
Upper Level Finished Area:
1,466.55 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
870.55 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,054 sq. ft.
Lot Frontage:
34'3"
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:
Unit Exposure:
Southeast
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2021 (Age: 3)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
2211011
Heating:
Central, Electric, Forced Air, Solar
Basement:
Finished, Full
Foundation:
Poured Concrete
Builder:
JAYMAN BUILT
New Constr.:
No
Construction Material:
Stone, Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Electric, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Concrete Driveway, Double Garage Attached, Front Drive, Garage Door Opener, Insulated, Oversized, Side By Side
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Upper Level
HOA Fee:
$500.00
Mahogany
Beach Access, Clubhouse, Community Gardens, Party Room, Picnic Area, Playground, Racquet Courts, Recreation Facilities, Recreation Room
Bar Fridge, Built-In Oven, Central Air Conditioner, Dishwasher, Electric Cooktop, Garage Control(s), Microwave, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
N/A
Restrictive Covenant-Building Design/Size, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
14'11" × 13'3"
Main Floor
Kitchen
16'1" × 10'6"
Main Floor
Pantry
5'5" × 3'11"
Main Floor
Dining Room
14'11" × 11'1"
Main Floor
Den
11'1" × 8'7"
Upper Level
Bonus Room
14'1" × 12'
Upper Level
Bedroom - Primary
14' × 10'11"
Upper Level
Bedroom
12'1" × 10'2"
Upper Level
Bedroom
12'11" × 12'4"
Upper Level
Laundry
11'2" × 6'
Upper Level
Walk-In Closet
14'11" × 7'9"
Basement
Game Room
14'7" × 11'10"
Basement
Game Room
14'7" × 9'2"
Basement
Bedroom
13'10" × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'5" x 5'4"
Upper Level
Yes
5
12'4" x 13'
Upper Level
No
5
5'9" x 14'11"
Basement
No
4
5'5" x 15'6"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Lake, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Built-in Features, Closet Organizers, Double Vanity, French Door, High Ceilings, Kitchen Island, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Separate Entrance, Smart Home, Soaking Tub, Storage, Tankless Hot Water, Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
Lighting
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Front Yard, Landscaped, Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone SE
Zoning:
R-G
Listed Date:
Mar 27, 2024
Days on Mkt:
  • Photo 1: 172 Magnolia Terrace SE in Calgary: Mahogany Detached for sale : MLS®# A2118333
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Listed by Jayman Realty Inc.
Data was last updated June 27, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
72
Avg list price:
$824,950
Min list price:
$324,800
Max list price:
$2,750,000
Avg days on market:
27
Min days on market:
2
Max days on market:
237
Avg price per sq.ft.:
$451.06
These statistics are generated based on the current listing's property type and located in Mahogany. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706