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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5103 42 Street
NONE Olds T4H 1X2

$465,000
Residential beds: 4 baths: 2.0 1,032 sq. ft. built: 2002

SOLD OVER THE LISTING PRICE!
Main Photo: 5103 42 Street: Olds Detached for sale : MLS®# A2140756
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Photo 37: 5103 42 Street: Olds Detached for sale : MLS®# A2140756
Status:
Sold
Sold Date:
Jun 28, 2024
Listed Price:
$464,900
Sold Price:
$465,000
Sold in:
9 days
Prop. Type:
Residential
MLS® Num:
A2140756
Bedrooms:
4
Bathrooms:
2
Year Built:
2002
Great family home in a quiet neighborhood! Well maintained open concept bi-level which includes living room with cozy gas fireplace, kitchen/eating area, 2 bedrooms, 4-piece bath and primary bedroom with 4 piece ensuite & walk in closet. The entrance leads to a double attached insulated & drywalled garage and has laundry area behind bi-fold doors in the entrance. Basement has large windows and is fully developed with large family room area and 4th bedroom. Mechanical/storage area is off the family room with a new HWT and is roughed in for a bathroom. Garden doors off the living room lead to a two tiered deck with maintenance free composite decking & aluminum railings and nice size back yard. The home also has central air conditioning for those hot summer days/nights. Call today to view this home!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
45 days / Neg
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,032 sq. ft.
Below Grade Finished Area:
1,105 sq. ft.
Taxes:
$3,275 / 2024
Lot Area:
5,592 sq. ft.
Lot Frontage:
50'10"
Front Exposure:
West
Levels:
Bi-Level
Total Rooms Above Grade:
5
Year built:
2002 (Age: 22)
Bedrooms:
4
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0012459
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, Ceramic Tile, Laminate
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Hall
NONE
Central Air Conditioner, Dishwasher, Electric Stove, Garage Control(s), Refrigerator, Washer/Dryer
Window Blinds
See Remarks
Floor
Type
Size
Other
Main Floor
Bedroom
12'10" × 9'8"
Main Floor
Bedroom
12'2" × 9'5"
Main Floor
Kitchen With Eating Area
17'3" × 9'11"
Main Floor
Living Room
16'7" × 13'1"
Main Floor
Bedroom - Primary
12'8" × 11'5"
Basement
Bedroom
14'8" × 9'5"
Basement
Game Room
29'5" × 20'11"
Basement
Storage
14'11" × 12'7"
Basement
Foyer
11'4" × 6'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Main Floor
Yes
4
Title to Land:
Fee Simple
Community Features:
Shopping Nearby
Interior Features:
Central Vacuum, Vinyl Windows
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Mountain View County
Zoning:
R1
Listed Date:
Jun 19, 2024
Days on Mkt:
9
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Listed by Coldwell Banker Vision Realty
Data was last updated June 30, 2024 at 12:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706