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.

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

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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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123 Falwood Way NE
Falconridge Calgary T3J 1A8

$564,900
Residential beds: 3 baths: 2.0 773 sq. ft. built: 1979

Main Photo: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 1: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 2: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 3: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 4: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 5: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 6: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 7: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 8: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
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Photo 10: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
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Photo 12: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 13: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 14: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
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Photo 34: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 35: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Photo 36: 123 Falwood Way NE in Calgary: Falconridge Detached for sale : MLS®# A2159994
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2159994
Bedrooms:
3
Bathrooms:
2
Year Built:
1979
Step into this FULLY RENOVATED home that's not just a house, but a true haven. This property boasts a fresh, modern charm and offers a unique combination of comfort and investment potential. With a fully renovated 1 BEDROOM ILLEGAL SUITE, you have a versatile option for rental income, making this home ideal for investors or those seeking a mortgage helper. The property features an OVERSIZED DOUBLE GARAGE, perfect for additional rental income or personal use. Plus, with NO FRONT NEIGHBOURS and serene green space views, you'll enjoy a peaceful setting. Inside, the home is designed for year-round comfort and efficiency with an updated AC unit, newer furnace, and water tank. Convenience is key, as the location is close to all shopping amenities, schools, and bus stops. For investors, this property offers three separate income sources: the upper level, the basement illegal suite, and the garage. Alternatively, you could live in the upper level while renting out the garage and basement to help cover your mortgage. Don't miss out—schedule your showing today and discover the perfect blend of modern living and investment opportunity.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
Bi-Level
Total Living Area:
773 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,251 sq. ft.
Lot Frontage:
40'
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:
Bi-Level
Total Rooms Above Grade:
4
Year built:
1979 (Age: 45)
Bedrooms:
3 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
7811623
Heating:
Standard
Basement:
Separate/Exterior Entry, Finished, Full, Suite
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Vinyl Plank
Cooling:
Central Air, ENERGY STAR Qualified Equipment
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Lower Level, Main Level, Multiple Locations
Falconridge
Dishwasher, Microwave, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Washer/Dryer Stacked
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
9'5" × 8'5"
Main Floor
Kitchen
15'6" × 8'10"
Main Floor
Living Room
15'4" × 11'10"
Main Floor
Bedroom - Primary
11'8" × 11'7"
Basement
Bedroom
11'1" × 10'11"
Basement
Kitchen
7'3" × 6'4"
Basement
Game Room
14'1" × 11'2"
Basement
Furnace/Utility Room
14'1" × 11'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5' x 8'5"
Basement
No
4
8' x 7'2"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Interior Features:
No Animal Home, No Smoking Home, Quartz Counters
Exterior Features:
Private Yard
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Interior Lot, Level
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
R-C1
Listed Date:
Aug 28, 2024
Days on Mkt:
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Listed by URBAN-REALTY.ca
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$499,000
Min list price:
$255,000
Max list price:
$594,999
Avg days on market:
47
Min days on market:
10
Max days on market:
179
Avg price per sq.ft.:
$439.93
These statistics are generated based on the current listing's property type and located in Falconridge. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706