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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15 Drake Landing Square
Drake Landing Okotoks T1S 0R4

$724,900
Residential beds: 3 baths: 3.0 1,352 sq. ft. built: 2023

Main Photo: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 1: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 2: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 3: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 4: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 5: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 6: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 7: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 8: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 9: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 10: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 11: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
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Photo 16: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 17: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 18: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 19: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 20: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 21: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 22: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 23: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 24: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 25: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 26: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Photo 27: 15 Drake Landing Square: Okotoks Semi Detached (Half Duplex) for sale : MLS®# A2163927
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163927
Bedrooms:
3
Bathrooms:
3
Year Built:
2023
BRAND NEW FULLY DEVELOPED VILLA-STYLE HOMES located in the popular area of Drake Landing. As you enter into the unit, you will love the bright open concept feel with soaring vaulted ceilings in the great room/ dining room combination. The stylish white kitchen features stainless appliances, quartz countertops and huge walk-in pantry. Sliding patio doors lead out to your own private courtyard ideal for bar-b-quing or enjoying sitting outdoors. The primary bedroom is spacious and can easily accommodate your king sized bed, a spa-like ensuite features a huge shower and double sinks plus walk-in closet. There is another bedroom/den plus 4 piece bath . Main floor laundry room is located by the back which is the entrance to your garage which is insulated and drywalled. Fully developed lower level with 2 bedrooms, huge recreation room plus full bath.Low condo fees. QUICK POSSESSION. Can be shown anytime.
Property Type:
Residential
Property Sub Type:
Semi Detached (Half Duplex)
Condo Type:
Bare Land Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow, Side by Side
Total Living Area:
1,352 sq. ft.
Main Level Finished Area:
1,352 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$246.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Snow Removal, Trash
HOA Fee Includes:
Lot Area:
3,203 sq. ft.
Lot Frontage:
29'11⅞"
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
North
Floor Location:
Ground
Entry Level:
1
Levels:
One
End Unit:
1 Common Wall
Total Rooms Above Grade:
5
Year built:
2023 (Age: 1)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
1611981
Heating:
Fireplace(s), Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
Alves Construction Ltd.
New Constr.:
Yes
Construction Material:
Mixed
Structure Type:
Duplex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Decorative, Electric, Great Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Insulated
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Drake Landing
Park, Parking
Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer
none
Architectural Guidelines, Pets Allowed, Restrictive Covenant-Building Design/Size
Yes
Floor
Type
Size
Other
Main Floor
Great Room
15'6" × 11'9"
Main Floor
Kitchen
16'8" × 9'8"
Main Floor
Dining Room
15'6" × 11'9"
Main Floor
Bedroom - Primary
13' × 12'1"
Main Floor
Den
10'8" × 9'2"
Main Floor
Laundry
15'4" × 7'2"
Lower Level
Bedroom
10'10" × 10'2"
Lower Level
Bedroom
12'4" × 10'1"
Lower Level
Game Room
24'6" × 23'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
9'2" x 5'
Main Floor
Yes
4
12'3" x 5'
Lower Level
No
4
9'1" x 5'4"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Shopping Nearby, Sidewalks, Street Lights
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Storage, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
Other, Private Entrance
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Street Lighting, See Remarks
Num. of Parcels:
0
Outbuildings:
None
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Sep 05, 2024
Days on Mkt:
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Listed by RE/MAX Complete Realty
Data was last updated November 11, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
95
Avg list price:
$649,900
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
33
Min days on market:
2
Max days on market:
252
Avg price per sq.ft.:
$383.53
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