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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5138 52 Street
NONE Olds T4H 1H1

$264,900
Residential beds: 2 baths: 1.0 1,076 sq. ft.

Main Photo: 5138 52 Street: Olds Detached for sale : MLS®# A2143203
Photo 1: 5138 52 Street: Olds Detached for sale : MLS®# A2143203
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Photo 27: 5138 52 Street: Olds Detached for sale : MLS®# A2143203
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2143203
Bedrooms:
2
Bathrooms:
1
Welcome to this adorable home in the heart of downtown Olds, perfectly located across from the arena and curling rink. This charming property features a spacious 50 x 100 foot lot with new front steps and a large back deck, ideal for entertaining and with ample space to build a garage. The inviting front porch opens into a cozy living room, while the open concept kitchen and dining room provide direct access to the back deck. Upstairs, you’ll find two comfortable bedrooms and a four-piece bathroom. The unfinished basement houses the washer and dryer, offering additional storage or future finishing potential. Situated in a prime downtown location, this home is close to shops, restaurants, schools, and community amenities. Don't miss out on this fantastic opportunity to own a delightful home in a vibrant community!
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:
1,076 sq. ft.
Main Level Finished Area:
574 sq. ft.
Upper Level Finished Area:
429 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
502 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,000 sq. ft.
Lot Frontage:
50'
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:
Two
Total Rooms Above Grade:
4
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
2387J
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
NONE
Electric Stove, Refrigerator, Washer/Dryer
All window coverings, shed
None Known
Floor
Type
Size
Other
Main Floor
Kitchen With Eating Area
19'3" × 11'6"
Main Floor
Living Room
16'3" × 11'3"
Main Floor
Entrance
10' × 6'2"
2nd Floor
Bedroom
12'1" × 11'8"
2nd Floor
Bedroom - Primary
15'3" × 11'2"
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
7'2" x 5'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
See Remarks
Exterior Features:
Garden
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Corner Lot, Lawn
Num. of Parcels:
0
Fencing:
None
Region:
Mountain View County
Zoning:
C1
Listed Date:
Jun 24, 2024
Days on Mkt:
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Listed by CIR Realty
Data was last updated June 30, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
49
Avg list price:
$549,900
Min list price:
$204,777
Max list price:
$1,599,000
Avg days on market:
33
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$351.06
These statistics are generated based on the current listing's property type and located in Olds. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706